REGISTERED NUMBER: 03156211 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

M.T.E (LEICESTER) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K S S Eversfield

E R Barker

S D Eversfield

J H D Eversfield

G Eversfield

REGISTERED OFFICE:

Angle House

8 Sunningdale Road

Leicester

Leicestershire

LE3 1UX

REGISTERED NUMBER:

03156211 (England and Wales)

ACCOUNTANTS:

TC Group

31 High View Close

Hamilton Office Park

Leicester

Leicestershire

LE4 9LJ

FIXED ASSETS

Tangible assets

4

306,091

324,392

CURRENT ASSETS

Stocks

346,030

287,003

Debtors

5

1,321,529

1,451,575

Cash at bank and in hand

388,441

210,565

2,056,000

1,949,143

CREDITORS

Amounts falling due within one year

6

1,260,792

977,303

NET CURRENT ASSETS

795,208

971,840

TOTAL ASSETS LESS CURRENT LIABILITIES

1,101,299

1,296,232

CREDITORS

Amounts falling due after more than one year

7

24,904

94,368

NET ASSETS

1,076,395

1,201,864

CAPITAL AND RESERVES

Called up share capital

70

70

Other reserves

30

30

Retained earnings

1,076,295

1,201,764

1,076,395

1,201,864

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2025 and were signed on its behalf by:

S D Eversfield - Director

1.	STATUTORY INFORMATION

M.T.E (Leicester) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold property improvements

-

Over remaining period of the lease

Plant and machinery

-

10% on cost

Fixtures, fittings and equipment

-

20-33% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.

Those held under finance leases are depreciated over their estimated useful lives or the lease term whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 66 (2024 - 65 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

Leasehold

fittings

property

Plant and

and

Motor

improvements

machinery

equipment

vehicles

Totals

£

£

£

£

£

COST

At 1 July 2024

205,556

677,862

437,242

285,193

1,605,853

Additions

-

16,000

15,712

47,835

79,547

At 30 June 2025

205,556

693,862

452,954

333,028

1,685,400

DEPRECIATION

At 1 July 2024

156,666

473,381

424,400

227,014

1,281,461

Charge for year

8,065

46,755

10,829

32,199

97,848

At 30 June 2025

164,731

520,136

435,229

259,213

1,379,309

NET BOOK VALUE

At 30 June 2025

40,825

173,726

17,725

73,815

306,091

At 30 June 2024

48,890

204,481

12,842

58,179

324,392

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 July 2024

40,329

57,083

97,412

Additions

-

22,835

22,835

At 30 June 2025

40,329

79,918

120,247

DEPRECIATION

At 1 July 2024

4,033

13,082

17,115

Charge for year

4,032

19,979

24,011

At 30 June 2025

8,065

33,061

41,126

NET BOOK VALUE

At 30 June 2025

32,264

46,857

79,121

At 30 June 2024

36,296

44,001

80,297

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,104,424

1,174,847

Other debtors

217,105

276,728

1,321,529

1,451,575

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

50,000

50,000

Hire purchase contracts

33,526

26,776

Trade creditors

979,546

667,266

Taxation and social security

97,242

149,999

Other creditors

100,478

83,262

1,260,792

977,303

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

4,167

54,167

Hire purchase contracts

20,737

40,201

24,904

94,368

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

50,000

50,000

Amounts falling due between two and five years:

Bank loans

4,167

54,167

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

54,263

66,977

10.	OTHER FINANCIAL COMMITMENTS

At 30 June 2025 the company had financial commitments relating to operating leases totalling £385,000 (2024 - £460,000) due within the next five years.

11.	RELATED PARTY DISCLOSURES

During the year the company paid rent of £75,000 (2024 - £75,000) to a pension scheme in which two of the directors are members.