Company Registration No. 13705984 (England and Wales)
MATCHAM LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2022
PAGES FOR FILING WITH REGISTRAR
MATCHAM LTD
COMPANY INFORMATION
Director
Mr T Johnston
(Appointed 27 October 2021)
Company number
13705984
Registered office
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
Accountants
Theataccounts Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
MATCHAM LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
MATCHAM LTD
ENTERTAINMENT ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MATCHAM LTD FOR THE YEAR ENDED 30 OCTOBER 2022
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Matcham Ltd for the year ended 30 October 2022 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
It is your duty to ensure that Matcham Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Matcham Ltd. You consider that Matcham Ltd 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 financial statements of Matcham Ltd. 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 financial statements.
Theataccounts Limited
24 October 2023
Entertainment Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
MATCHAM LTD
BALANCE SHEET
AS AT 30 OCTOBER 2022
30 October 2022
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2022
Notes
£
£
Fixed assets
Tangible assets
3
154
Current assets
Stocks
14,666
Debtors
4
150
Cash at bank and in hand
2,582
17,398
Creditors: amounts falling due within one year
5
(19,313)
Net current liabilities
(1,915)
Total assets less current liabilities
(1,761)
Capital and reserves
Called up share capital
6
1
Profit and loss reserves
(1,762)
Total equity
(1,761)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has 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 and signed by the director and authorised for issue on 24 October 2023.
Mr T Johnston
Director
Company Registration No. 13705984
MATCHAM LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2022
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1
Accounting policies
Company information
Matcham Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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 have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
33% on cost
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
MATCHAM LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 OCTOBER 2022
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2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 1.
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 27 October 2021
Additions
230
At 30 October 2022
230
Depreciation and impairment
At 27 October 2021
Depreciation charged in the year
76
At 30 October 2022
76
Carrying amount
At 30 October 2022
154
4
Debtors
2022
Amounts falling due within one year:
£
Trade debtors
150
5
Creditors: amounts falling due within one year
2022
£
Other creditors
19,313
6
Called up share capital
2022
£
Ordinary share capital
Issued and fully paid
1 Ordinary of £1 each
1
1
1 Ordinary share of £1 was allotted and paid for cash at par during the year.
MATCHAM LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 OCTOBER 2022
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7
Ultimate controlling party
The ultimate controlling party is Mr T Johnston.