Matthew James Davis Limited Filleted Accounts Cover
Matthew James Davis Limited
Company No. 09137440
Information for Filing with The Registrar
30 June 2023
Matthew James Davis Limited Balance Sheet Registrar
at
30 June 2023
Company No.
09137440
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
265331
265331
Current assets
Debtors
5
3,4713,748
Cash at bank and in hand
8,24411,751
11,71515,499
Creditors: Amount falling due within one year
6
(9,422)
(15,273)
Net current assets
2,293226
Total assets less current liabilities
2,558557
Net assets
2,558557
Capital and reserves
Called up share capital
110110
Profit and loss account
8
2,448447
Total equity
2,558557
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 June 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 03 November 2023 and signed on its behalf by:
M.J. Davis
Director
03 November 2023
Matthew James Davis Limited Notes to the Accounts Registrar
for the year ended 30 June 2023
1
General information
Matthew James Davis Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 09137440
Its registered office is:
32 Bannister Way
Leybourne
West Malling
Kent
ME19 5SA
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes if applicable. Turnover includes revenue earned from the rendering of services.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
25% Reducing balance
Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
21
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 July 2022
920920
At 30 June 2023
920920
Depreciation
At 1 July 2022
589589
Charge for the year
6666
At 30 June 2023
655655
Net book values
At 30 June 2023
265265
At 30 June 2022
331
331
5
Debtors
2023
2022
£
£
Trade debtors
3,4713,748
3,4713,748
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Taxes and social security
7,053
12,979
Other creditors
2,3692,294
9,42215,273
7
Share Capital
The share capital represents 100 £1 Ordinary shares and 25 £1 Ordinary 'A' shares allocated called up and fully paid.
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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