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REGISTERED NUMBER: 09440409 (England and Wales)















Financial Statements for the Year Ended 31 December 2020

for

NMTF Ltd

NMTF Ltd (Registered number: 09440409)






Contents of the Financial Statements
for the Year Ended 31 December 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NMTF Ltd

Company Information
for the Year Ended 31 December 2020







DIRECTORS: Mr J Dyson
Mr M R Gharahaghaj
Mr M A Nicholson
Mr M W Riley
Ms E R Rivington
Mr G Jaques
Mr R A Davis
Mr P M Gott
Mr J F Harrison
Mr R A Holland





REGISTERED OFFICE: Hampton House
Hawshaw Lane
Hoyland
Barnsley
South Yorkshire
S74 0HA





REGISTERED NUMBER: 09440409 (England and Wales)





AUDITORS: Harris & Co Limited
Chartered Accountants & Statutory Auditor
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

NMTF Ltd (Registered number: 09440409)

Balance Sheet
31 December 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 7,108 9,091
Tangible assets 6 565,038 584,473
Investments 7 2 800,002
572,148 1,393,566

CURRENT ASSETS
Stocks 6,645 16,028
Debtors 8 601,500 767,148
Cash at bank and in hand 848,707 153,406
1,456,852 936,582
CREDITORS
Amounts falling due within one year 9 388,637 548,980
NET CURRENT ASSETS 1,068,215 387,602
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,640,363

1,781,168

RESERVES
Income and expenditure account 1,640,363 1,781,168
MEMBERS' FUNDS 1,640,363 1,781,168

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 March 2021 and were signed on its behalf by:




Mr M A Nicholson - Director



Mr J Dyson - Director


NMTF Ltd (Registered number: 09440409)

Notes to the Financial Statements
for the Year Ended 31 December 2020

1. STATUTORY INFORMATION

NMTF Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
As a result of the COVID-19 pandemic the company has incurred a loss for the year and consequently seen a reduction in net assets from £1,781,167 to £1,640,363. whilst the COVID-19 situation is without precedent, the company's directors have a reasonable expectation that the company has adequate financial resources to continue in operation existence for the foreseeable future and so the financial statements have been prepared on a going concern basis.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from rendering of services is recognised immediately as the services are provided under a strict policy of no refunds and this is documented and explained at every stage of the purchase,.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost straight line
Fixtures and fittings - 20% on cost straight line
Motor vehicles - 33% on cost straight line

All fixed assets are initially recorded at cost.

Investments in subsidiaries
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

NMTF Ltd (Registered number: 09440409)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

3. ACCOUNTING POLICIES - continued

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that
ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

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.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

NMTF Ltd (Registered number: 09440409)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

3. ACCOUNTING POLICIES - continued

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2019 - 16 ) .

5. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2020
and 31 December 2020 9,918
AMORTISATION
At 1 January 2020 827
Amortisation for year 1,983
At 31 December 2020 2,810
NET BOOK VALUE
At 31 December 2020 7,108
At 31 December 2019 9,091

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2020 555,780 62,003 120,846 738,629
Additions - 10,647 41,434 52,081
Disposals - (3,718 ) (46,303 ) (50,021 )
At 31 December 2020 555,780 68,932 115,977 740,689
DEPRECIATION
At 1 January 2020 53,157 38,660 62,339 154,156
Charge for year 15,188 9,756 43,624 68,568
Eliminated on disposal - (2,927 ) (44,146 ) (47,073 )
At 31 December 2020 68,345 45,489 61,817 175,651
NET BOOK VALUE
At 31 December 2020 487,435 23,443 54,160 565,038
At 31 December 2019 502,623 23,343 58,507 584,473

NMTF Ltd (Registered number: 09440409)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

7. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2020 2 800,000 800,002
Disposals - (800,000 ) (800,000 )
At 31 December 2020 2 - 2
NET BOOK VALUE
At 31 December 2020 2 - 2
At 31 December 2019 2 800,000 800,002

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 9,645 11,172
Other debtors 591,855 755,976
601,500 767,148

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 335,042 493,794
Amounts owed to group undertakings - 1,379
Taxation and social security 13,114 18,953
Other creditors 40,481 34,854
388,637 548,980

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2020 2019
£    £   
Within one year 23,925 23,925
Between one and five years 36,859 60,784
60,784 84,709

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Stephen Watson FCCA CTA (Senior Statutory Auditor)
for and on behalf of Harris & Co Limited

12. LIMITED BY GUARANTEE

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.