Accounts filed on 31-03-2021

Accounts filed on 31-03-2021

MTI CONSULTANTS LLP - Company Information

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OC392023falsethat of specialist quantity surveyors2020-04-012021-03-31http://www.companieshouse.gov.uk/2020-03-31http://www.companieshouse.gov.uk/cd:Director12020-04-012021-03-31http://www.companieshouse.gov.uk/cd:Director22020-04-012021-03-31http://www.companieshouse.gov.uk/cd:LimitedLiabilityPartnershipLLP2020-04-012021-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2020-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2020-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2021-03-31http://www.companieshouse.gov.uk/pt:MotorCars2020-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2021-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2020-04-012021-03-31http://www.companieshouse.gov.uk/pt:MotorCars2021-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2020-04-012021-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2021-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2020-03-31http://www.companieshouse.gov.uk/2020-04-012021-03-31http://www.companieshouse.gov.uk/2020-03-31http://www.companieshouse.gov.uk/cd:FRS1022020-04-012021-03-31http://www.companieshouse.gov.uk/2021-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2020-04-012021-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: OC392023
MTI CONSULTANTS LLP
ACCOUNTS
FOR THE YEAR ENDED 31/03/2021
Prepared By:
Martin & Fahy Accountants LLP
7 Milbanke Court
Milbanke Way
Bracknell
Berkshire
RG12 1RP
MTI CONSULTANTS LLP
ACCOUNTS
FOR THE YEAR ENDED 31/03/2021
DESIGNATED MEMBERS
Stephen May
Carleen May
REGISTERED OFFICE
7 Milbanke Court
Milbanke Way
Bracknell
Berkshire
RG12 1RP
COMPANY NUMBER
OC392023
ACCOUNTANTS
Martin & Fahy Accountants LLP
7 Milbanke Court
Milbanke Way
Bracknell
Berkshire
RG12 1RP
MTI CONSULTANTS LLP
BALANCE SHEET AT 31/03/2021
20212020
Notes££
FIXED ASSETS
Tangible assets223,99429,058
CURRENT ASSETS
Debtors3957861
Cash at bank and in hand1,6058,371
2,5629,232
CREDITORS: Amounts falling due within one year5,0359,129
NET CURRENT (LIABILITIES) / ASSETS(2,473)103
TOTAL ASSETS LESS CURRENT LIABILITIES21,52129,161
CREDITORS: Amounts falling due after more than oneyear516,84319,368
NET ASSETS ATTRIBUTABLE TO MEMBERS4,6789,793
LOANS AND OTHER DEBTS DUE TO MEMBERS4,6789,793
MEMBERS ' OTHER INTERESTS
4,6789,793
TOTAL MEMBERS' INTERESTS
Loans and other debts due to members4,6789,793
4,6789,793
For the year ending 31/03/2021 the LLP was entitled to exemption under section 477 of the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the members on 28/10/2021 and signed on their behalf by
.............................
Stephen May
Designated Member
MTI CONSULTANTS LLP
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2021
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
1d. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
2. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentMotor CarsTotal
££££
Cost
At 01/04/20202,40417,33748,52468,265
Additions-1,471-1,471
At 31/03/20212,40418,80848,52469,736
Depreciation
At 01/04/20201,43911,85025,91839,207
For the year1441,7404,6516,535
At 31/03/20211,58313,59030,56945,742
Net Book Amounts
At 31/03/20218215,21817,95523,994
At 31/03/20209655,48722,60629,058
MTI CONSULTANTS LLP
3. DEBTORS 20212020
££
Amounts falling due within one year:
VAT219-
Other Debtors738861
957861
4. EMPLOYEES
20212020
No.No.
Average number of employees11
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20212020
££
Other creditors16,84319,368
16,84319,368
Included in other creditors are:
Obligations under hire purchase16,84319,368