MTB Exams Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07700372

		2025		2024 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		125

			-		125
CURRENT ASSETS
Stocks	5	2,739		3,289
Debtors	6	33,423		40,447
Cash at bank and in hand		111,641		144,221

		147,803		187,957
Creditors: Amounts Falling Due Within One Year	7	(93,491 )		(77,162 )

NET CURRENT ASSETS (LIABILITIES)			54,312		110,795

TOTAL ASSETS LESS CURRENT LIABILITIES			54,312		110,920

Creditors: Amounts Falling Due After More Than One Year	8		(221,574 )		(265,684 )

NET LIABILITIES			(167,262 )		(154,764 )

CAPITAL AND RESERVES
Called up share capital	9		27,199		27,199
Share premium account			284,801		284,801
Profit and Loss Account			(479,262 )		(466,764 )

SHAREHOLDERS' FUNDS			(167,262)		(154,764)

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MTB Exams Limited

Balance Sheet (continued)

As At 31 August 2025

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.

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 David Kesel

Director

27th May 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

MTB Exams Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07700372 . The registered office is Gable House, 18-24 Turnham Green Terrace, Chiswick, London, W4 1QP.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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.

2.4. 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:

Computer Equipment

33% on cost

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 7)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 September 2024	1,061

As at 31 August 2025	1,061

Depreciation
As at 1 September 2024	936
Provided during the period	125

As at 31 August 2025	1,061

...CONTINUED

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MTB Exams Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Net Book Value
As at 31 August 2025	-

As at 1 September 2024	125

5. Stocks

	2025	2024 as restated
	£	£
Finished goods	2,739	3,289

6. Debtors

	2025	2024 as restated
	£	£
Due within one year
Trade debtors	29,091	36,323
Prepayments and accrued income	4,332	4,124

	33,423	40,447

7. Creditors: Amounts Falling Due Within One Year

	2025	2024 as restated
	£	£
Trade creditors	8,142	3,167
Bank loans and overdrafts	3,081	3,081
Other loans	38,349	29,520
Other taxes and social security	3,324	2,632
VAT	25,860	23,269
Net wages	-	720
Pension Creditor	570	226
Accruals and deferred income	14,165	9,547
Directors' loan accounts	-	5,000

	93,491	77,162

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024 as restated
	£	£
Bank loans	4,878	7,959
Other loans	66,696	107,725
Directors loan account	150,000	150,000

	221,574	265,684

The loans from the directors are interest-free and are not repayable until the company moves into profit and can afford to repay the loans.

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MTB Exams Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

9. Share Capital

	2025	2024 as restated
	£	£
Allotted, Called up and fully paid	27,199	27,199

10. Contingent Liabilities

	2025	2024 as restated
	£	£
At the end of the period	-	36,087

The prior year contingent liability related to a review by HMRC and assessment that R&D tax credits were repayable. Since the date of the last accounts, the company has won its appeal against HMRC and therefore the matter is closed.

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