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Company Registration No. 10675240 (England and Wales)
Fragrance Matter Limited Unaudited accounts for the year ended 31 March 2023
Fragrance Matter Limited Unaudited accounts Contents
Page
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Fragrance Matter Limited Company Information for the year ended 31 March 2023
Director
Yann Claude
Company Number
10675240 (England and Wales)
Registered Office
St Lawrence Lodge 37 Chamberlain Street Wells BA5 2PQ
Accountants
OD Accountants Ltd 7a Ezra Street London E2 7RH
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Fragrance Matter Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
273 
483 
Current assets
Debtors
69,045 
62,139 
Creditors: amounts falling due within one year
(31,991)
(23,464)
Net current assets
37,054 
38,675 
Total assets less current liabilities
37,327 
39,158 
Creditors: amounts falling due after more than one year
(17,336)
(25,336)
Net assets
19,991 
13,822 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
19,891 
13,722 
Shareholders' funds
19,991 
13,822 
For the year ending 31 March 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 3 October 2023 and were signed on its behalf by
Yann Claude Director Company Registration No. 10675240
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Fragrance Matter Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Fragrance Matter Limited is a private company, limited by shares, registered in England and Wales, registration number 10675240. The registered office is St Lawrence Lodge, 37 Chamberlain Street, Wells, BA5 2PQ.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
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:
Fixtures & fittings
10% straight line
Computer equipment
25% straight line
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Fragrance Matter Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
654 
1,823 
2,477 
At 31 March 2023
654 
1,823 
2,477 
Depreciation
At 1 April 2022
316 
1,678 
1,994 
Charge for the year
65 
145 
210 
At 31 March 2023
381 
1,823 
2,204 
Net book value
At 31 March 2023
273 
- 
273 
At 31 March 2022
338 
145 
483 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
3,010 
283 
Trade debtors
54,772 
54,414 
Accrued income and prepayments
11,263 
- 
Other debtors
- 
7,442 
69,045 
62,139 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
17,789 
15,778 
Trade creditors
4,178 
345 
Taxes and social security
8,006 
7,008 
Other creditors
- 
333 
Loans from directors
1,500 
- 
Accruals
518 
- 
31,991 
23,464 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
17,336 
25,336 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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Fragrance Matter Limited Notes to the Accounts for the year ended 31 March 2023
9
Average number of employees
During the year the average number of employees was 4 (2022: 5).
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