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Registered number: 09578110
MT Express Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Clarity Bookkeeping & Accounts Ltd
FMAAT & Licenced AAT Accountant
5 Amberley Close
Calne
SN11 9UP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09578110
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 272,290 155,498
272,290 155,498
CURRENT ASSETS
Debtors 5 88,079 61,356
Cash at bank and in hand 9,231 2,147
97,310 63,503
Creditors: Amounts Falling Due Within One Year 6 (131,731 ) (127,040 )
NET CURRENT ASSETS (LIABILITIES) (34,421 ) (63,537 )
TOTAL ASSETS LESS CURRENT LIABILITIES 237,869 91,961
Creditors: Amounts Falling Due After More Than One Year 7 (337,824 ) (196,004 )
NET LIABILITIES (99,955 ) (104,043 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (99,957 ) (104,045 )
SHAREHOLDERS' FUNDS (99,955) (104,043)
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Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Shadab Khan
Director
16th December 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
MT Express Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09578110 . The registered office is 3 Dresser Close, Tadpole Garden Village, Swindon, SN25 2US.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25%sl
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 1 1
Sales, marketing and distribution 4 4
5 5
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 231,500
Additions 142,896
As at 31 March 2025 374,396
Depreciation
As at 1 April 2024 76,002
Provided during the period 26,104
As at 31 March 2025 102,106
Net Book Value
As at 31 March 2025 272,290
As at 1 April 2024 155,498
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 52,342 39,543
Prepayments and accrued income 25,000 20,000
VAT 9,070 -
Other taxes and social security 1,667 1,813
88,079 61,356
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1 1
VAT - 2,306
Net wages 2,631 4,436
Pension - NEST (Current liabilities - creditors < 1 year) 219 150
Accruals and deferred income 600 600
Directors' loan accounts 128,280 119,547
131,731 127,040
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 337,824 196,004
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8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 337,824 196,004
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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