MTD Formwork Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02075765 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

MTD FORMWORK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Simon Martin Meaney

REGISTERED OFFICE:

The Timber Yard

Lucas Green Road

West End

Woking

Surrey

GU24 9YB

REGISTERED NUMBER:

02075765 (England and Wales)

ACCOUNTANTS:

Andrew F Wye Limited

24 Marlyns Drive

Burpham

Guildford

Surrey

GU4 7LT

FIXED ASSETS

Tangible assets

4

85,274

79,033

CURRENT ASSETS

Debtors

5

769,027

436,775

Investments

6

868,049

778,852

Cash at bank

1,918,501

1,523,909

3,555,577

2,739,536

CREDITORS

Amounts falling due within one year

7

778,219

333,974

NET CURRENT ASSETS

2,777,358

2,405,562

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,862,632

2,484,595

PROVISIONS FOR LIABILITIES

-

9,680

NET ASSETS

2,862,632

2,474,915

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

2,861,632

2,473,915

SHAREHOLDERS' FUNDS

2,862,632

2,474,915

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2022 and were signed by:

Simon Martin Meaney - Director

1.	STATUTORY INFORMATION

MTD Formwork 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.

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

Motor vehicles

-

25% 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 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 April 2021

228,470

328,279

556,749

Additions

-

34,667

At 31 March 2022

228,470

362,946

591,416

DEPRECIATION

At 1 April 2021

228,470

249,246

477,716

Charge for year

-

28,426

At 31 March 2022

228,470

277,672

506,142

NET BOOK VALUE

At 31 March 2022

-

85,274

At 31 March 2021

-

79,033

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

Trade debtors

367,830

169,263

Other debtors

401,197

267,512

769,027

436,775

6.	CURRENT ASSET INVESTMENTS

31.3.22

31.3.21

£

Listed investments

868,049

778,852

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

Trade creditors

252,910

129,365

Taxation and social security

79,654

75,866

Other creditors

445,655

128,743

778,219

333,974

MTD Formwork Limited - Accounts to registrar (filleted) - small 18.2

MTD Formwork Limited - Accounts to registrar (filleted) - small 18.2