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Company Registration No. 10199524 (England and Wales)
MeasureMatch Ltd Unaudited accounts for the year ended 31 May 2023
MeasureMatch Ltd Unaudited accounts Contents
Page
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MeasureMatch Ltd Company Information for the year ended 31 May 2023
Director
James Peter Sandoval
Company Number
10199524 (England and Wales)
Registered Office
Unit 2.05 12-18 Hoxton Street London N1 6NG England
Accountants
The Accountancy Cloud 12-18 Hoxton Street London N1 6NG UK
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MeasureMatch Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,458 
4,572 
Current assets
Debtors
55,798 
6,192 
Cash at bank and in hand
4,723 
534 
60,521 
6,726 
Creditors: amounts falling due within one year
(176,077)
(167,348)
Net current liabilities
(115,556)
(160,622)
Total assets less current liabilities
(111,098)
(156,050)
Creditors: amounts falling due after more than one year
(35,000)
(40,000)
Net liabilities
(146,098)
(196,050)
Capital and reserves
Called up share capital
175 
165 
Share premium
999,497 
648,283 
Capital contribution reserve
- 
159,016 
Profit and loss account
(1,145,770)
(1,003,514)
Shareholders' funds
(146,098)
(196,050)
For the year ending 31 May 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 16 November 2023 and were signed on its behalf by
James Peter Sandoval Director Company Registration No. 10199524
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MeasureMatch Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
MeasureMatch Ltd is a private company, limited by shares, registered in England and Wales, registration number 10199524. The registered office is Unit 2.05 , 12-18 Hoxton Street, London, N1 6NG, England.
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.
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.
Going concern
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
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 rendering of services is recognised by reference to the stage of completion of the contract.
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:
Computer equipment
Straight line at 20%
Research and development
Expenditure on research and development is written off in the year in which it is incurred. Where appropriate, development expenditure is capitalised and amortised over its useful economic life.
Research and development tax credit
During the financial year, MeasureMatch Ltd received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Statement of Profit or Loss in line with disclosure requirements under FRS 102.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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MeasureMatch Ltd Notes to the Accounts for the year ended 31 May 2023
Bounce Back Loan
This relates to the Coronavirus outbreak Bounceback loan. No repayments or interest are due in the first 12 months of the loan following which interest will be charged at the rate of 2.5% per annum
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
404 
9,709 
10,113 
Additions
- 
2,015 
2,015 
At 31 May 2023
404 
11,724 
12,128 
Depreciation
At 1 June 2022
270 
5,271 
5,541 
Charge for the year
134 
1,995 
2,129 
At 31 May 2023
404 
7,266 
7,670 
Net book value
At 31 May 2023
- 
4,458 
4,458 
At 31 May 2022
134 
4,438 
4,572 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
35,561 
3,651 
Accrued income and prepayments
20,237 
426 
Other debtors
- 
2,115 
55,798 
6,192 
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MeasureMatch Ltd Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
28,201 
26,841 
VAT
1,210 
797 
Trade creditors
229 
120 
Taxes and social security
26,915 
15,573 
Other creditors
28,446 
48,168 
Loans from directors
87,057 
75,849 
Deferred income
4,019 
- 
176,077 
167,348 
Included in creditors is a directors' loan of £87,057 (2022: £75,848). The loan is interest-free and repayable on demand.
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
35,000 
40,000 
The bank loan relates to the Coronavirus outbreak Bounceback loan. No repayments or interest are due in the first 12 months of the loan following which interest will be charged at the rate of 2.5% per annum
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
3,507,792 Ordinary shares of £0.00005 each
175.38 
164.57 
Shares issued during the period:
216,361 Ordinary shares of £0.00005 each
10.81 
9
Average number of employees
During the year the average number of employees was 3 (2022: 4).
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