MT Business Solutions Limited

MT Business Solutions Limited

MT BUSINESS SOLUTIONS LIMITED - Company Information

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1 May 2020 false No description of principal activity Taxfiler 2021.20 10708395business:PrivateLimitedCompanyLtd2020-05-012021-04-30 107083952020-04-30 107083952020-05-012021-04-30 10708395business:AuditExempt-NoAccountantsReport2020-05-012021-04-30 10708395business:FullAccounts2020-05-012021-04-30 107083952021-04-30 10708395business:Director12020-05-012021-04-30 10708395business:Director22020-05-012021-04-30 10708395business:RegisteredOffice2020-05-012021-04-30 107083952020-04-30 10708395core:WithinOneYear2021-04-30 10708395core:WithinOneYear2020-04-30 10708395core:ShareCapital2021-04-30 10708395core:ShareCapital2020-04-30 10708395core:SharePremium2021-04-30 10708395core:SharePremium2020-04-30 10708395core:RetainedEarningsAccumulatedLosses2021-04-30 10708395core:RetainedEarningsAccumulatedLosses2020-04-30 10708395business:SmallEntities2020-05-012021-04-30 10708395countries:EnglandWales2020-05-012021-04-30 10708395core:ComputerEquipment2020-05-012021-04-30 10708395core:IntangibleAssetsOtherThanGoodwill2020-04-30 10708395core:IntangibleAssetsOtherThanGoodwill2020-05-012021-04-30 10708395core:IntangibleAssetsOtherThanGoodwill2021-04-30 10708395core:ComputerEquipment2020-04-30 10708395core:ComputerEquipment2021-04-30 107083952019-05-012020-04-30 iso4217:GBP xbrli:pure
Company Registration No. 10708395 (England and Wales)
MT Business Solutions Limited Unaudited accounts for the year ended 30 April 2021
MT Business Solutions Limited Unaudited accounts Contents
Page
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MT Business Solutions Limited Company Information for the year ended 30 April 2021
Directors
Taimoor Iqbal Musa Jammeh
Company Number
10708395 (England and Wales)
Registered Office
WW 30 Churchill Place Canary Wharf London E14 5RE UK
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MT Business Solutions Limited Statement of financial position as at 30 April 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
5,000 
181,014 
Tangible assets
5
721 
961 
5,721 
181,975 
Current assets
Inventories
- 
14,200 
Debtors
6
203,663 
109,940 
Cash at bank and in hand
6,739 
2,366 
210,402 
126,506 
Creditors: amounts falling due within one year
7
(148,114)
(275,011)
Net current assets/(liabilities)
62,288 
(148,505)
Net assets
68,009 
33,470 
Capital and reserves
Called up share capital
4,000 
4,000 
Share premium
27,000 
27,000 
Profit and loss account
37,009 
2,470 
Shareholders' funds
68,009 
33,470 
For the year ending 30 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2022 and were signed on its behalf by
Taimoor Iqbal Director Company Registration No. 10708395
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MT Business Solutions Limited Notes to the Accounts for the year ended 30 April 2021
1
Statutory information
MT Business Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 10708395. The registered office is WW 30 Churchill Place, Canary Wharf, London, E14 5RE, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
18%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2020
181,014 
Additions
42,831 
Disposals
(218,845)
At 30 April 2021
5,000 
Amortisation
At 1 May 2020
- 
At 30 April 2021
- 
Net book value
At 30 April 2021
5,000 
At 30 April 2020
181,014 
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MT Business Solutions Limited Notes to the Accounts for the year ended 30 April 2021
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 May 2020
1,201 
At 30 April 2021
1,201 
Depreciation
At 1 May 2020
240 
Charge for the year
240 
At 30 April 2021
480 
Net book value
At 30 April 2021
721 
At 30 April 2020
961 
6
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
1,603 
3,524 
Accrued income and prepayments
- 
32,200 
Other debtors
202,060 
74,216 
203,663 
109,940 
7
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
146,222 
150,115 
Trade creditors
1,892 
24,797 
Taxes and social security
- 
957 
Other creditors
- 
99,142 
148,114 
275,011 
8
Average number of employees
During the year the average number of employees was 4 (2020: 3).
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