MTE Construction Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05946498 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2018

for

MTE CONSTRUCTION SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTOR:

M T Elliman

SECRETARY:

Mrs S Elliman

REGISTERED OFFICE:

150 Hundred Acre Road

Streetly

Sutton Coldfield

B74 2BH

REGISTERED NUMBER:

05946498 (England and Wales)

ACCOUNTANTS:

CHEADLES

Chartered Accountants

Telegraph House

59 Wolverhampton Road

Stafford

Staffordshire

ST17 4AW

FIXED ASSETS

Tangible assets

4

7,736

390

CURRENT ASSETS

Debtors

5

25,498

15,411

Cash at bank

5,066

17,534

30,564

32,945

CREDITORS

Amounts falling due within one year

6

11,294

23,111

NET CURRENT ASSETS

19,270

9,834

TOTAL ASSETS LESS CURRENT LIABILITIES

27,006

10,224

PROVISIONS FOR LIABILITIES

1,470

60

NET ASSETS

25,536

10,164

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

25,436

10,064

SHAREHOLDERS' FUNDS

25,536

10,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director on 23 January 2019 and were signed by:

M T Elliman - Director

1.	STATUTORY INFORMATION

MTE Construction Services 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 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.

The director has agreed not to withdraw his loan to the company in the short term, he therefore considers that the

company has adequate resources to continue in business for the foreseeable future. It is therefore appropriate to

adopt the going concern basis in preparing these accounts.

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

-

25% on reducing balance and 15% on reducing balance

Fixtures and fittings

-

25% on reducing balance and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2017

2,937

327

-

1,246

4,510

Additions

840

2,728

5,000

299

8,867

Disposals

-

-

-

(1,246

)

(1,246

)

At 30 September 2018

3,777

3,055

5,000

299

12,131

DEPRECIATION

At 1 October 2017

2,628

297

-

1,195

4,120

Charge for year

166

339

911

53

1,469

Eliminated on disposal

-

-

-

(1,194

)

(1,194

)

At 30 September 2018

2,794

636

911

54

4,395

NET BOOK VALUE

At 30 September 2018

983

2,419

4,089

245

7,736

At 30 September 2017

309

30

-

51

390

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Trade debtors

2,800

2,250

Other debtors

22,698

13,161

25,498

15,411

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Trade creditors

833

640

Taxation and social security

10,393

8,158

Other creditors

68

14,313

11,294

23,111

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M T Elliman.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of MTE Construction Services Limited for the year ended 30 September 2018 which comprise the

Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of MTE Construction Services Limited in accordance with the terms of our engagement letter dated 13 June 2011. Our work has been undertaken solely to prepare for your approval the financial statements of MTE Construction Services Limited and state those matters that we have agreed to state to the director of MTE Construction Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MTE Construction Services Limited and its director for our work or for this report.

It is your duty to ensure that MTE Construction Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MTE Construction Services Limited. You consider that MTE Construction Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MTE Construction Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

CHEADLES

Chartered Accountants

Telegraph House

59 Wolverhampton Road

Stafford

Staffordshire

ST17 4AW

23 January 2019