MTCS (UK) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05003068 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

MTCS (UK) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R J Warburton

Mrs A E Capstick

SECRETARY:

Mr R J Warburton

REGISTERED OFFICE:

10 High Street

Windermere

Cumbria

LA23 1AF

REGISTERED NUMBER:

05003068 (England and Wales)

ACCOUNTANTS:

MBE Accountancy Ltd

Chartered Certified Practice

10 High Street

Windermere

Cumbria

LA231AF

FIXED ASSETS

Tangible assets

4

128,861

154,805

CURRENT ASSETS

Debtors

5

236,432

180,812

Cash at bank

292,783

238,945

529,215

419,757

CREDITORS

Amounts falling due within one year

6

156,227

152,940

NET CURRENT ASSETS

372,988

266,817

TOTAL ASSETS LESS CURRENT
LIABILITIES

501,849

421,622

CREDITORS

Amounts falling due after more than one
year

7

-

(5,636

)

PROVISIONS FOR LIABILITIES

(29,591

)

(32,057

)

NET ASSETS

472,258

383,929

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

472,256

383,927

SHAREHOLDERS' FUNDS

472,258

383,929

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 22 July 2026 and were signed on its behalf by:

Mr R J Warburton - Director

1.	STATUTORY INFORMATION

Mtcs (Uk) Ltd 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.

Freehold property

-

2% on cost

Computer software

-

10% on reducing balance

Fixtures and fittings

-

30% on reducing balance

Computer equipment

-

30% on reducing balance

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

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 11 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Computer

and

Computer

property

software

fittings

equipment

Totals

£

COST

At 1 January 2025

28,495

190,592

3,275

20,274

242,636

Additions

-

5,207

Disposals

(18,000

)

-

(6,083

)

(24,083

)

At 31 December 2025

10,495

190,592

3,275

19,398

223,760

DEPRECIATION

At 1 January 2025

3,644

72,123

2,220

9,844

87,831

Charge for year

569

11,847

118

3,905

16,439

Eliminated on disposal

(3,960

)

-

(5,411

)

(9,371

)

At 31 December 2025

253

83,970

2,338

8,338

94,899

NET BOOK VALUE

At 31 December 2025

10,242

106,622

937

11,060

128,861

At 31 December 2024

24,851

118,469

1,055

10,430

154,805

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

15,434

39,208

Other debtors

220,998

141,604

236,432

180,812

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

3,711

4,981

Taxation and social security

117,877

113,655

Other creditors

34,639

34,304

156,227

152,940

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.25

31.12.24

£

Other creditors

-

5,636

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

Mr R J Warburton

Balance outstanding at start of year

102,249

28,075

Amounts advanced

149,968

172,590

Amounts repaid

(98,570

)

(98,416

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

153,647

102,249

Mrs A E Capstick

Balance outstanding at start of year

-

Amounts advanced

-

19,182

Amounts repaid

-

(19,182

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr R J Warburton.