Company Registration No. 08837520 (England and Wales)
MTE DESIGN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2017
PAGES FOR FILING WITH REGISTRAR
MTE DESIGN LIMITED
COMPANY INFORMATION
Directors
M Garner
V Garner
Company number
08837520
Registered office
Mech Tool House
Whessoe Road
Darlington
Durham
DL3 0QT
Accountants
Haines Watts
Sterling House, 22 St Cuthberts Way
Darlington
Co Durham
DL1 1GB
MTE DESIGN LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
MTE DESIGN LIMITED
BALANCE SHEET
AS AT
30 MARCH 2017
30 March 2017
- 1 -
2017
2016
Notes
£
£
£
£
Current assets
Debtors
2
1,000
1,000
Net current assets
1,000
1,000
Capital and reserves
Called up share capital
3
1,000
1,000
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 March 2017 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 21 February 2018 and are signed on its behalf by:
M Garner
Director
Company Registration No. 08837520
MTE DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2017
- 2 -
1
Accounting policies
Company information
MTE Design Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Mech Tool House, Whessoe Road, Darlington, Durham, DL3 0QT.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
These financial statements for the year ended 30 March 2017
are the
first
financial statements of MTE Design Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 April 2015. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
In accordance with the transitional exemption in section 35 of FRS 102, MTE Design Limited has elected to retain its accounting policies for reported assets, liabilities and equity before the date of transition to FRS 102.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial
period
. During
this time
the company received no income and incurred no expenditure and therefore no Profit and loss account is presented
in these financial statements.
1.3
Cash at bank and in hand
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.
2
Debtors
2017
2016
Amounts falling due within one year:
£
£
Other debtors
1,000
1,000
MTE DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MARCH 2017
- 3 -
3
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
1,000
1,000