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Registered Number: 09594140
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 May 2023

for

MADE WITH MATURITY LTD

Directors Mr B C Stirling
Mrs C E Stirling
Registered Number 09594140
Registered Office Plymouth Science Park
1 Davy Road
Plymouth
Devon
PL6 8BX
Accountants H M Williams Chartered Certified Accountants
5 Sandy Court
Ashleigh Way
Plymouth
PL7 5JX
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 May 2023.
Principal activities
The principal activity of the company in the year under review was that of web design and marketing.
Directors
The directors who have held office during the whole of the year were as follows:
Mr B C Stirling
Mrs C E Stirling
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Mr B C Stirling
Director

Date approved: 10 November 2023
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 4,000    6,000 
Tangible fixed assets 4 2,973    2,900 
Investments 5 30    30 
7,003    8,930 
Current assets      
Debtors 6 55,940    40,897 
Cash at bank and in hand 75,338    77,906 
131,278    118,803 
Creditors: amount falling due within one year 7 (26,029)   (29,321)
Net current assets 105,249    89,482 
 
Total assets less current liabilities 112,252    98,412 
Provisions for liabilities 8 (565)   (551)
Net assets 111,687    97,861 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 111,587    97,761 
Shareholder's funds 111,687    97,861 
 


For the year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 10 November 2023 and were signed on its behalf by:


-------------------------------
Mr B C Stirling
Director
3
General Information
Made With Maturity Ltd is a private company, limited by shares, registered in England and Wales, registration number 09594140, registration address Plymouth Science Park, 1 Davy Road, Plymouth, Devon, PL6 8BX.

The presentation currency is £ sterling.
1.

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 3 years Straight Line
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Pension costs and other post-retirement benefits..
The company operates a defined contribution pension scheme. The contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
2.

Average number of employees

Average number of employees during the year was 4 (2022 : 4).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 June 2022 20,000    20,000 
Additions  
Disposals  
At 31 May 2023 20,000    20,000 
Amortisation
At 01 June 2022 14,000    14,000 
Charge for year 2,000    2,000 
On disposals  
At 31 May 2023 16,000    16,000 
Net book values
At 31 May 2023 4,000    4,000 
At 31 May 2022 6,000    6,000 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 June 2022 2,622    13,075    15,697 
Additions   2,316    2,316 
Disposals    
At 31 May 2023 2,622    15,391    18,013 
Depreciation
At 01 June 2022 2,104    10,693    12,797 
Charge for year 130    2,113    2,243 
On disposals    
At 31 May 2023 2,234    12,806    15,040 
Net book values
Closing balance as at 31 May 2023 388    2,585    2,973 
Opening balance as at 01 June 2022 518    2,382    2,900 


5.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 June 2022 30    30 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 May 2023 30    30 

6.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 55,221    40,152 
Other Debtors 719    745 
55,940    40,897 

7.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 13    51 
Taxation and Social Security 24,015    27,226 
Other Creditors 2,001    2,044 
26,029    29,321 

8.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 565    551 
565    551 

9.

Ultimate controlling party

The company is in the control of the directors.
4