MRT JET Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08877345

MRT JET Limited

Report of the Director and

Unaudited Financial Statements

for the Year Ended 28 February 2022

Page

Company Information

1

Report of the Director

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTOR:

Mr S J Waterman

REGISTERED OFFICE:

Delta 606

Delta Office Park

Welton Road

Swindon

Wiltshire

SN5 7XF

REGISTERED NUMBER:

08877345

ACCOUNTANTS:

AMS Accountancy Limited

Delta 606

Welton Road

Delta Office Park

Swindon

Wiltshire

SN5 7XF

The director presents his report with the financial statements of the company for the year ended 28 February 2022.

DIRECTOR

Mr S J Waterman held office during the whole of the period from 1 March 2021 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr S J Waterman - Director

4 July 2022

FIXED ASSETS

Tangible assets

4

1,755

172

CURRENT ASSETS

Debtors

5

13,473

10

Cash at bank

10,139

26,500

23,612

26,510

CREDITORS

Amounts falling due within one year

6

(16,375

)

(23,095

)

NET CURRENT ASSETS

7,237

3,415

TOTAL ASSETS LESS CURRENT LIABILITIES

8,992

3,587

CAPITAL AND RESERVES

Called up share capital

7

10

10

Retained earnings

8,982

3,577

SHAREHOLDERS' FUNDS

8,992

3,587

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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 4 July 2022 and were signed by:

Mr S J Waterman - Director

1.	STATUTORY INFORMATION

MRT JET Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

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 balance sheet date.

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 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 March 2021

145

1,249

1,099

2,493

Additions

2,082

-

-

2,082

At 28 February 2022

2,227

1,249

1,099

4,575

DEPRECIATION

At 1 March 2021

144

1,246

931

2,321

Charge for year

416

-

83

499

At 28 February 2022

560

1,246

1,014

2,820

NET BOOK VALUE

At 28 February 2022

1,667

3

85

1,755

At 28 February 2021

1

3

168

172

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

6,341

-

Other debtors

7,132

10

13,473

10

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

500

-

Taxation and social security

15,741

22,965

Other creditors

134

130

16,375

23,095

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

10

Ordinary

£1

10

10

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2022 and 28 February 2021:

2022

2021

£

£

Mr S J Waterman

Balance outstanding at start of year

-

-

Amounts advanced

7,122

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,122

-