MRT JET Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08877345

MRT JET Limited

Report of the Director and

Unaudited Financial Statements

for the Year Ended 28 February 2018

Page

Company Information

1

Report of the Director

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTOR:

Mr S J Waterman

REGISTERED OFFICE:

Delta 606

Delta Office Park

Welton Road

Swindon

Wiltshire

SN5 7XF

REGISTERED NUMBER:

08877345

ACCOUNTANTS:

AMS Accountancy Limited

Delta 606

Welton Road

Delta Office Park

Swindon

Wiltshire

SN5 7XF

The director presents his report with the financial statements of the company for the year ended 28 February 2018.

DIRECTOR

Mr S J Waterman held office during the whole of the period from 1 March 2017 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

Mr S J Waterman - Director

22 October 2018

FIXED ASSETS

Tangible assets

4

460

1,104

CURRENT ASSETS

Debtors

5

6,148

10

Cash at bank

8,344

13,720

14,492

13,730

CREDITORS

Amounts falling due within one year

6

(13,701

)

(9,652

)

NET CURRENT ASSETS

791

4,078

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,251

5,182

CAPITAL AND RESERVES

Called up share capital

7

10

Retained earnings

1,241

5,172

SHAREHOLDERS' FUNDS

1,251

5,182

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 22 October 2018 and were signed by:

Mr S J Waterman - Director

1.	STATUTORY INFORMATION

MRT JET Limited is a private company, limited by shares , registered in Not specified/Other. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 March 2017

and 28 February 2018

145

1,249

919

2,313

DEPRECIATION

At 1 March 2017

85

512

612

1,209

Charge for year

28

311

305

644

At 28 February 2018

113

823

917

1,853

NET BOOK VALUE

At 28 February 2018

32

426

2

460

At 28 February 2017

60

737

307

1,104

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Trade debtors

6,138

-

Other debtors

10

6,148

10

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Tax

7,036

6,161

Social security and other taxes

29

473

VAT

3,923

1,815

Directors' current accounts

2,592

1,090

Accrued expenses

121

113

13,701

9,652

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

10

Ordinary

£1

10

MRT JET Limited - Accounts to registrar (filleted) - small 18.2

MRT JET Limited - Accounts to registrar (filleted) - small 18.2