REGISTERED NUMBER: 08668956 (England and Wales)

Financial Statements

for the Year Ended 31 August 2025

for

Mine Technology Services Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

S G Empson

REGISTERED OFFICE:

Unit 1, Capital Park

Combe Lane

Wormley

Surrey

GU8 5TJ

REGISTERED NUMBER:

08668956 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Intangible assets

5

-

61

Property, plant and equipment

6

1,599

2,391

1,599

2,452

CURRENT ASSETS

Inventories

80,280

77,580

Debtors

7

126,794

139,288

Cash at bank and in hand

225

4,295

207,299

221,163

CREDITORS

Amounts falling due within one year

8

(251,654

)

(170,315

)

NET CURRENT (LIABILITIES)/ASSETS

(44,355

)

50,848

TOTAL ASSETS LESS CURRENT LIABILITIES

(42,756

)

53,300

CREDITORS

Amounts falling due after more than one year

9

(36,782

)

(52,359

)

PROVISIONS FOR LIABILITIES

(400

)

(598

)

NET (LIABILITIES)/ASSETS

(79,938

)

343

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(80,038

)

243

(79,938

)

343

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2026 and were signed by:

S G Empson - Director

1.	STATUTORY INFORMATION

Mine Technology Services Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings and equipme

-

25% on cost

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 5 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

Cost

At 1 September 2024

and 31 August 2025

8,224

Amortisation

At 1 September 2024

8,163

Charge for year

61

At 31 August 2025

8,224

Net book value

At 31 August 2025

-

At 31 August 2024

61

6.	PROPERTY, PLANT AND EQUIPMENT

Fixtures,

fittings

and

equipme

£

Cost

At 1 September 2024

and 31 August 2025

18,026

Depreciation

At 1 September 2024

15,635

Charge for year

792

At 31 August 2025

16,427

Net book value

At 31 August 2025

1,599

At 31 August 2024

2,391

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/25

31/8/24

£

£

Trade debtors

13,821

94,936

Other debtors

112,973

44,352

126,794

139,288

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/25

31/8/24

£

£

Bank loans and overdrafts

31,965

28,151

Trade creditors

149,235

66,495

Taxation and social security

3,637

15,863

Other creditors

66,817

59,806

251,654

170,315

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/8/25

31/8/24

£

£

Bank loans

-

8,334

Other creditors

36,782

44,025

36,782

52,359

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

-

4,795

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/8/25

31/8/24

£

£

Within one year

6,420

6,420

Between one and five years

19,260

19,260

In more than five years

11,235

17,654

36,915

43,334

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

31/8/25

31/8/24

£

£

S G Empson

Balance outstanding at start of year

18,000

29,975

Amounts advanced

59,953

29,027

Amounts repaid

(15,953

)

(41,002

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

62,000

18,000

Interest has been charged on the loan at the official HMRC rates.