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Company Registration No. 10559532 (England and Wales)
Matt Oakes Limited Unaudited accounts for the year ended 31 January 2023
Matt Oakes Limited Unaudited accounts Contents
Page
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Matt Oakes Limited Company Information for the year ended 31 January 2023
Director
Mr Matthew Oakes
Company Number
10559532 (England and Wales)
Registered Office
Unit 219 Foundry 78 The Beacon Eastbourne BN21 3NW England
Accountants
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY
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Matt Oakes Limited Accountants' report
Accountants' report to the director of Matt Oakes Limited on the preparation of the unaudited statutory accounts for the year ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Matt Oakes Limited for the year ended 31 January 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Matt Oakes Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Matt Oakes Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Matt Oakes Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Matt Oakes Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Matt Oakes Limited. You consider that Matt Oakes 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 accounts of Matt Oakes 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 accounts.
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY 5 October 2023
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Matt Oakes Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,320 
1,641 
Current assets
Debtors
7,909 
7,060 
Cash at bank and in hand
96,638 
72,643 
104,547 
79,703 
Creditors: amounts falling due within one year
(22,782)
(26,927)
Net current assets
81,765 
52,776 
Net assets
84,085 
54,417 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
84,084 
54,416 
Shareholders' funds
84,085 
54,417 
For the year ending 31 January 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 October 2023 and were signed on its behalf by
Mr Matthew Oakes Director Company Registration No. 10559532
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Matt Oakes Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Matt Oakes Limited is a private company, limited by shares, registered in England and Wales, registration number 10559532. The registered office is Unit 219, Foundry 78 The Beacon, Eastbourne, BN21 3NW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance basis
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Matt Oakes Limited Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2022
6,237 
Additions
1,545 
At 31 January 2023
7,782 
Depreciation
At 1 February 2022
4,596 
Charge for the year
866 
At 31 January 2023
5,462 
Net book value
At 31 January 2023
2,320 
At 31 January 2022
1,641 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,909 
5,880 
Accrued income and prepayments
- 
280 
Other debtors
- 
900 
7,909 
7,060 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
5,677 
4,251 
Taxes and social security
16,226 
16,023 
Loans from directors
879 
6,653 
22,782 
26,927 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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