Accounts filed on 31-12-2015

Accounts filed on 31-12-2015

MTB EXCHANGE (UK) LIMITED - Company Information

Print Friendly Version

072822612015-01-012015-12-31falsetruehttp://www.companieshouse.gov.uk/pt:PlantMachinery2014-12-31http://www.companieshouse.gov.uk/cd:Director12015-01-012015-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2015-12-31http://www.companieshouse.gov.uk/pt:FixturesFittings2014-12-31http://www.companieshouse.gov.uk/pt:FixturesFittings2015-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-01-012015-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2015-01-012015-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-12-31http://www.companieshouse.gov.uk/pt:FixturesFittings2015-01-012015-12-31http://www.companieshouse.gov.uk/2014-01-012014-12-31http://www.companieshouse.gov.uk/2015-01-012015-12-31http://www.companieshouse.gov.uk/2014-12-31http://www.companieshouse.gov.uk/2015-12-31http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2015-01-012015-12-31http://www.companieshouse.gov.uk/2014-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 07282261
MTB EXCHANGE (UK) LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
Prepared By:
Jahan & Co
Chartered Management Accountants
22 Osborn Street
London
E1 6TD

MTB EXCHANGE (UK) LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 December 2015
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 07282261

MTB EXCHANGE (UK) LTD
Registered Number: 07282261
BALANCE SHEET AT 31 DECEMBER 2015
20152014
Notes££
FIXED ASSETS
Tangible assets218,08022,600
CURRENT ASSETS
Debtors (amounts falling due within one year)36293,964
Debtors (amounts falling due after more than one year)38,7508,750
Cash at bank and in hand38,00519,087
47,38431,801
CREDITORS: Amounts falling due within one year311,138231,885
NET CURRENT LIABILITIES(263,754)(200,084)
TOTAL ASSETS LESS CURRENT LIABILITIES(245,674)(177,484)
CAPITAL AND RESERVES
Called up share capital4230,000230,000
Profit and loss account(475,674)(407,484)
SHAREHOLDERS' FUNDS(245,674)(177,484)
For the year ending 31 December 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on 31 January 2016 and signed on their behalf by
ANISUDDIN AHMED KHAN
Director
.............................
MD. ANISUR RAHMAN
Chief Executive Officer & Manager

MTB EXCHANGE (UK) LTD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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.
Plant and Machineryreducing balance 20%
Fixtures and Fittingsreducing balance 20%

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
Plant andFixtures
Machineryand FittingsTotal
£££
Cost
At 1 January 201513,30045,42358,723
At 31 December 201513,30045,42358,723
Depreciation
At 1 January 20157,98228,14136,123
For the year1,0643,4564,520
At 31 December 20159,04631,59740,643
Net Book Amounts
At 31 December 20154,25413,82618,080
At 31 December 20145,31817,28222,600

MTB EXCHANGE (UK) LTD
3. DEBTORS 20152014
££
Amounts falling due within one year:
Trade debtors-1,971
Other debtors6291,993
6293,964
Other Debtors of £629 represent the Suspense account balance which has arisen due to Cash Shortfall. This issue has not been resolved by Management and it is under investigation.
Amounts falling due after more than one year:
Rent Deposit8,7508,750
8,7508,750
4. SHARE CAPITAL 20152014
££
Allotted, issued and fully paid:
230000 Ordinary shares of £1 each230000230000
230,000230,000
5. CONTROLLING PARTY
The company being 100 % Subsidiary of Mutual Trust Bank Ltd, Bangladesh is under common control from the parent company.