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
Matt Oakes Limited
Company Information
for the year ended 31 January 2023
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
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
Matt Oakes Limited
Statement of financial position
as at 31 January 2023
Tangible assets
2,320
1,641
Cash at bank and in hand
96,638
72,643
Creditors: amounts falling due within one year
(22,782)
(26,927)
Net current assets
81,765
52,776
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
Matt Oakes Limited
Notes to the Accounts
for the year ended 31 January 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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.
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.
Matt Oakes Limited
Notes to the Accounts
for the year ended 31 January 2023
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
-
280
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
16,226
16,023
Loans from directors
879
6,653
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).