Mitech Consultants Limited - Accounts to registrar (filleted) - small 23.1.2
Mitech Consultants Limited - Accounts to registrar (filleted) - small 23.1.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements For The Year Ended 31 March 2023 |
| for |
| Mitech Consultants Limited |
| Mitech Consultants Limited (Registered number: 03928755) |
| Contents of the Financial Statements |
| For The Year Ended 31 March 2023 |
| Page |
| Company information | 1 |
| Balance sheet | 2 |
| Notes to the financial statements | 4 |
| Mitech Consultants Limited |
| Company Information |
| For The Year Ended 31 March 2023 |
| Director: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Certified Accountants |
| Suite 4 |
| Ironstone House |
| Ironstone Way |
| Brixworth |
| Northamptonshire |
| NN6 9UD |
| Mitech Consultants Limited (Registered number: 03928755) |
| Balance Sheet |
| 31 March 2023 |
| 31.3.23 | 31.3.22 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Investment property | 5 |
| Current assets |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| Provisions for liabilities | 9 | ( |
) | ( |
) |
| Net assets |
| Mitech Consultants Limited (Registered number: 03928755) |
| Balance Sheet - continued |
| 31 March 2023 |
| 31.3.23 | 31.3.22 |
| Notes | £ | £ | £ | £ |
| Capital and reserves |
| Called up share capital | 10 |
| Share premium |
| Capital redemption reserve |
| Retained earnings |
| Shareholders' funds |
| 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. |
| 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 |
| Mitech Consultants Limited (Registered number: 03928755) |
| Notes to the Financial Statements |
| For The Year Ended 31 March 2023 |
| 1. | Statutory information |
| Mitech Consultants Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| 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 |
| Land and buildings | - |
| Plant and machinery etc | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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. |
| Mitech Consultants Limited (Registered number: 03928755) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31 March 2023 |
| 2. | Accounting policies - continued |
| 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 |
| Mitech Consultants Limited (Registered number: 03928755) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31 March 2023 |
| 4. | Tangible fixed assets |
| Equipment |
| Short | & computer | Motor |
| leasehold | systems | vehicles | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 April 2022 |
| Additions |
| At 31 March 2023 |
| Depreciation |
| At 1 April 2022 |
| Charge for year |
| At 31 March 2023 |
| Net book value |
| At 31 March 2023 |
| At 31 March 2022 |
| 5. | Investment property |
| Total |
| £ |
| Fair value |
| At 1 April 2022 |
| and 31 March 2023 |
| Net book value |
| At 31 March 2023 |
| At 31 March 2022 |
| 6. | Debtors |
| 31.3.23 | 31.3.22 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| Mitech Consultants Limited (Registered number: 03928755) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31 March 2023 |
| 6. | Debtors - continued |
| 31.3.23 | 31.3.22 |
| £ | £ |
| Amounts falling due after more than one year: |
| Amounts owed by group undertakings |
| Aggregate amounts |
| 7. | Creditors: amounts falling due within one year |
| 31.3.23 | 31.3.22 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Payments on account |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | Creditors: amounts falling due after more than one year |
| 31.3.23 | 31.3.22 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| Other creditors |
| 9. | Provisions for liabilities |
| 31.3.23 | 31.3.22 |
| £ | £ |
| Deferred tax | 52,165 | 28,258 |
| Mitech Consultants Limited (Registered number: 03928755) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31 March 2023 |
| 9. | Provisions for liabilities - continued |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2022 |
| Provided during year |
| Balance at 31 March 2023 |
| 10. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.23 | 31.3.22 |
| value: | £ | £ |
| Ordinary | £1 | 130,510 | 130,510 |
| 11. | Ultimate controlling party |
| The ultimate controlling party is |
| The ultimate holding company is incorporated in the United Kingdom. |