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Registered number: 07047918
MTP Cooling Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
TaxAssist Accountants
635 Bath Road
Slough
Berkshire
SL1 6AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07047918
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 506,224 103,283
Investments 5 100 100
506,324 103,383
CURRENT ASSETS
Stocks 6 12,000 38,000
Debtors 7 243,306 205,710
Cash at bank and in hand 550,233 563,868
805,539 807,578
Creditors: Amounts Falling Due Within One Year 8 (494,679 ) (438,401 )
NET CURRENT ASSETS (LIABILITIES) 310,860 369,177
TOTAL ASSETS LESS CURRENT LIABILITIES 817,184 472,560
Creditors: Amounts Falling Due After More Than One Year 9 (324,612 ) (96,867 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (20,944 ) (25,821 )
NET ASSETS 471,628 349,872
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 471,528 349,772
SHAREHOLDERS' FUNDS 471,628 349,872
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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 Marek Poczatek
Director
Mrs Katarzyna Warszawska-Poczatek
Director
31st December 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
MTP Cooling Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07047918 . The registered office is Tax Assist Accountants, 635 Bath Road, Taplow, Slough, SL1 6AE.
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:
Freehold 50 year straight line
Plant & Machinery 25% straight line
Motor Vehicles 20% Straight line
Fixtures & Fittings 25% straight line
Computer Equipment 33% straight line
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.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 14 (2024: 16)
14 16
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2024 - 597 103,680 52,484 156,761
Additions 429,440 - 11,550 9,406 450,396
Disposals - - - (32,364 ) (32,364 )
As at 31 March 2025 429,440 597 115,230 29,526 574,793
Depreciation
As at 1 April 2024 - 597 14,132 38,749 53,478
Provided during the period 6,989 - 20,736 8,180 35,905
Disposals - - 11,550 (32,364 ) (20,814 )
As at 31 March 2025 6,989 597 46,418 14,565 68,569
Net Book Value
As at 31 March 2025 422,451 - 68,812 14,961 506,224
As at 1 April 2024 - - 89,548 13,735 103,283
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5. Investments
Subsidiaries
£
Cost or Valuation
As at 1 April 2024 100
As at 31 March 2025 100
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 100
As at 1 April 2024 100
During the year the company incorporated a wholly owned subsidiary, MTP Studios Ltd. Activity between the two companies is disclosed in the related party disclosure note
6. Stocks
2025 2024
£ £
Stock 12,000 38,000
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 139,609 108,904
Prepayments and accrued income 20,593 28,359
Other debtors - 1,880
VAT 904 66,567
Directors' loan accounts 50,000 -
Amounts owed by associates 32,200 -
243,306 205,710
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 10,158 10,158
Trade creditors 91,409 141,611
Bank loans and overdrafts 77,647 50,000
Corporation tax 169,085 119,611
Other taxes and social security 14,255 17,020
Net wages 30,591 32,535
Other creditors 5,229 -
Accruals and deferred income 96,305 67,464
Directors' loan accounts - 2
494,679 438,401
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 32,542 42,700
Bank loans 292,070 54,167
324,612 96,867
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,158 10,158
Later than one year and not later than five years 32,542 42,700
42,700 52,858
42,700 52,858
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Marek Poczatek - - - - 25,000
Mrs Katarzyna Warszawska-Poczatek - - - - 25,000
The above loan is unsecured, interest free and was repaid on the 29th of September 2025
13. Related Party Transactions
During the year the company incorporated a wholly owned subsidiary, MTP Studios Ltd. The related activity between the two companies in this financial year was Limited to MTP Studios Ltd providing services of an advertising nature to MTP Cooling Ltd. The services were provided at market rate and the total value of the activity came to £12,500 
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