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MTS Training & Development Ltd
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Notes to the financial statements
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for the year ended 30 April 2026
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1
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Company information
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MTS Training & Development Ltd is a private company registered in England and Wales. Its registered number is 04199934. The company is limited by shares. Its registered office is 41a Grange Road, Heswall, Wirral, Merseyside, CH60 7RY.
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2
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Accounting policies
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Basis of preparing the financial statements
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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 historic cost convention.
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Going concern
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In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
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The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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Tangible fixed assets
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Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
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Land and buildings:
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Freehold property
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-
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No depreciation is provided on the company’s freehold property since, in the opinion of the directors, the expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any depreciation would be immaterial. The directors undertake an annual impairment review of these properties.
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Plant and machinery etc.:
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Fixtures & fittings
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-
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25% straight line
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Computer equipment
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-
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25% straight line
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Taxation
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Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
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Current taxation assets and liabilities are not discounted.
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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.
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3
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