4 false false false false false false false false false false true false false false false false false 2024-09-01 Sage Accounts Production Advanced 2024 - FRS102_2024 58,660 3,259 19,553 22,812 35,848 55,401 xbrli:pure xbrli:shares iso4217:GBP 07680354 2024-09-01 2025-08-31 07680354 2025-08-31 07680354 2024-08-31 07680354 2023-09-01 2024-08-31 07680354 2024-08-31 07680354 2023-08-31 07680354 core:PlantMachinery 2024-09-01 2025-08-31 07680354 core:FurnitureFittings 2024-09-01 2025-08-31 07680354 core:MotorVehicles 2024-09-01 2025-08-31 07680354 bus:Director1 2024-09-01 2025-08-31 07680354 core:PlantMachinery 2024-08-31 07680354 core:FurnitureFittings 2024-08-31 07680354 core:MotorVehicles 2024-08-31 07680354 core:PlantMachinery 2025-08-31 07680354 core:FurnitureFittings 2025-08-31 07680354 core:MotorVehicles 2025-08-31 07680354 core:WithinOneYear 2025-08-31 07680354 core:WithinOneYear 2024-08-31 07680354 core:AfterOneYear 2025-08-31 07680354 core:AfterOneYear 2024-08-31 07680354 core:ShareCapital 2025-08-31 07680354 core:ShareCapital 2024-08-31 07680354 core:SharePremium 2025-08-31 07680354 core:SharePremium 2024-08-31 07680354 core:RetainedEarningsAccumulatedLosses 2025-08-31 07680354 core:RetainedEarningsAccumulatedLosses 2024-08-31 07680354 core:PlantMachinery 2024-08-31 07680354 core:FurnitureFittings 2024-08-31 07680354 core:MotorVehicles 2024-08-31 07680354 core:LeasedAssetsHeldAsLessee core:MotorVehicles 2025-08-31 07680354 bus:SmallEntities 2024-09-01 2025-08-31 07680354 bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 07680354 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 07680354 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 07680354 bus:FullAccounts 2024-09-01 2025-08-31 07680354 core:ComputerSoftware 2025-08-31 07680354 core:ComputerSoftware 2024-08-31 07680354 core:ComputerSoftware 2024-09-01 2025-08-31 07680354 core:AllAssociates 2024-09-01 2025-08-31
COMPANY REGISTRATION NUMBER: 07680354

MT13 Limited

Filleted Unaudited Financial Statements

31 August 2025

MT13 Limited

Financial Statements

Year ended 31 August 2025

Contents | Pages

Statement of financial position | 1 to 2

Notes to the financial statements | 3 to 8

MT13 Limited

Statement of Financial Position

31 August 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Intangible assets | 5 | 35,848 | 55,401
Tangible assets | 6 | 29,389 | 29,292
| -------- | --------
| 65,237 | 84,693

Current assets

Stocks | 5,000 | 5,000
Debtors | 7 | 26,645 | 25,130
Cash at bank and in hand | 83 | 83
| -------- | --------
| 31,728 | 30,213

Creditors: amounts falling due within one year | 8 | 117,907 | 119,975
| --------- | ---------
Net current liabilities | 86,179 | 89,762
| -------- | --------
Total assets less current liabilities | ( 20,942) | ( 5,069)

Creditors: amounts falling due after more than one year | 9 | 19,793 | 29,007

Provisions | 16,309 | 16,269
| -------- | --------
Net liabilities | ( 57,044) | ( 50,345)
| -------- | --------

MT13 Limited

Statement of Financial Position (continued)

31 August 2025

| 2025 | 2024
Note | £ | £

Capital and reserves

Called up share capital | 100 | 100
Share premium account | 19,910 | 19,910
Profit and loss account | ( 77,054) | ( 70,355)
| -------- | --------
Shareholders deficit | ( 57,044) | ( 50,345)
| -------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 22 May 2026 , and are signed on behalf of the board by:

Mr M D Taylor
Director

Company registration number: 07680354

MT13 Limited

Notes to the Financial Statements

Year ended 31 August 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The busines address of the company is Meadowside, Park Road, Plumtree Park, Nottingham, NG12 5LX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
At the balance sheet date there is a deficit on shareholders funds. The directors have considered that there is adequate financial support and that it is appropriate to prepare the accounts on a going concern basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Website costs | - | 20% straight line from use

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 20% straight line
| Fixtures and fittings | - | 20% straight line
| Motor vehicles | - | 20% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).
5. Intangible assets

| Website Costs
| £
Cost |
At 1 September 2024 and 31 August 2025 | 58,660
| --------
Amortisation |
At 1 September 2024 | 3,259
Charge for the year | 19,553
| --------
At 31 August 2025 | 22,812
| --------
Carrying amount |
At 31 August 2025 | 35,848
| --------
At 31 August 2024 | 55,401
| --------

6. Tangible assets

| Plant and machinery | Fixtures and fittings | Motor vehicles | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1 September 2024 | 76,124 | 8,467 | 13,580 | 98,171
Additions | 3,061 | – | 13,776 | 16,837
Disposals | ( 28,084) | – | ( 13,580) | ( 41,664)
| -------- | ------- | -------- | --------
At 31 August 2025 | 51,101 | 8,467 | 13,776 | 73,344
| -------- | ------- | -------- | --------
Depreciation |  |  |  |
At 1 September 2024 | 52,300 | 5,809 | 10,770 | 68,879
Charge for the year | 4,063 | 532 | 2,619 | 7,214
Disposals | ( 21,275) | – | ( 10,863) | ( 32,138)
| -------- | ------- | -------- | --------
At 31 August 2025 | 35,088 | 6,341 | 2,526 | 43,955
| -------- | ------- | -------- | --------
Carrying amount |  |  |  |
At 31 August 2025 | 16,013 | 2,126 | 11,250 | 29,389
| -------- | ------- | -------- | --------
At 31 August 2024 | 23,824 | 2,658 | 2,810 | 29,292
| -------- | ------- | -------- | --------

Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

| Motor vehicles
| £
At 31 August 2025 | 11,250
| --------
At 31 August 2024 | –
| --------

7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 1,851 | 703
Other debtors | 24,794 | 24,427
| -------- | --------
| 26,645 | 25,130
| -------- | --------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 10,860 | 16,425
Trade creditors | 48,635 | 53,899
Corporation tax | 11,284 | 13,443
Social security and other taxes | 1,840 | 1,099
Other creditors | 45,288 | 35,109
| --------- | ---------
| 117,907 | 119,975
| --------- | ---------

Included in bank loans and overdrafts is £10,355 (2024: £10,100) in respect of the Government supported Coronavirus Business Interruption Loan Scheme. Included within other creditors above are hire purchase liabilities amounting to £2,013 which are secured on the subject assets.
9. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 11,452 | 21,807
Other creditors | 8,341 | 7,200
| -------- | --------
| 19,793 | 29,007
| -------- | --------

Included in bank loans and overdrafts is £11,452 (2024: £21,807) in respect of the Government supported Coronavirus Business Interruption Loan Scheme.
Included within other creditors above are hire purchase liabilities amounting to £8,341 which are secured on the subject assets.
10. Related party transactions
Included within other creditors is a balance of £16,013 (2024: Dr £4,661) owing to a related company. This company is related by common shareholders and directors.