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REGISTERED NUMBER: 10561879 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

MAT4SAIL LIMITED

MAT4SAIL LIMITED (REGISTERED NUMBER: 10561879)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAT4SAIL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: Mr M Price





REGISTERED OFFICE: Unit 46H New Forest Enterprise Centre
Chapel Lane
Totton
Southampton
Hampshire
SO40 9LA





REGISTERED NUMBER: 10561879 (England and Wales)





ACCOUNTANTS: Mackenzies
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

MAT4SAIL LIMITED (REGISTERED NUMBER: 10561879)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,014 1,351

CURRENT ASSETS
Stocks 3,750 2,350
Cash at bank 18,513 2,833
22,263 5,183
CREDITORS
Amounts falling due within one year 5 27,517 21,877
NET CURRENT LIABILITIES (5,254 ) (16,694 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,240

)

(15,343

)

CREDITORS
Amounts falling due after more than one
year

6

7,467

10,667
NET LIABILITIES (11,707 ) (26,010 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (11,807 ) (26,110 )
SHAREHOLDERS' FUNDS (11,707 ) (26,010 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

MAT4SAIL LIMITED (REGISTERED NUMBER: 10561879)

BALANCE SHEET - continued
31 JANUARY 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 October 2023 and were signed by:





Mr M Price - Director


MAT4SAIL LIMITED (REGISTERED NUMBER: 10561879)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

MAT4SAIL 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 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. The financial statements have been prepared under the historical cost convention.

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
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£ £ £
COST
At 1 February 2022
and 31 January 2023 4,300 420 4,720
DEPRECIATION
At 1 February 2022 3,082 287 3,369
Charge for year 304 33 337
At 31 January 2023 3,386 320 3,706
NET BOOK VALUE
At 31 January 2023 914 100 1,014
At 31 January 2022 1,218 133 1,351

MAT4SAIL LIMITED (REGISTERED NUMBER: 10561879)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 3,200 4,115
Social security and other taxes 40 73
Other creditors 2,376 3,096
Directors' current accounts 21,017 13,709
Accrued expenses 884 884
27,517 21,877

Other creditors consists of a credit card balance of £2,376 (2022: £3,096)

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans - 1-2 years 3,200 3,200
Bank loans - 2-5 years 4,267 7,467
7,467 10,667

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100