Company Registration No. 6393834 (England and Wales)
Matlega Construction Limited
Unaudited accounts
for the year ended 31 October 2023
Matlega Construction Limited
Statement of financial position
as at 31 October 2023
Tangible assets
38,066
66,902
Cash at bank and in hand
(20,807)
72,756
Creditors: amounts falling due within one year
(196,393)
(294,751)
Net current assets
525,920
471,805
Total assets less current liabilities
563,986
538,707
Provisions for liabilities
Deferred tax
(8,832)
(11,718)
Net assets
555,154
526,989
Called up share capital
10
10
Profit and loss account
555,144
526,979
Shareholders' funds
555,154
526,989
For the year ending 31 October 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 11 March 2024 and were signed on its behalf by
G T MATLEGA
Director
Company Registration No. 6393834
Matlega Construction Limited
Notes to the Accounts
for the year ended 31 October 2023
Matlega Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 6393834. The registered office is 29 BURROWAY ROAD, SLOUGH, SL3 8EH, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
On a Straight line basis over 5 years
Motor vehicles
33% of its written down value
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2022
145,473
84,370
229,843
Disposals
(1,936)
-
(1,936)
At 31 October 2023
146,496
84,370
230,866
At 1 November 2022
84,796
78,145
162,941
Charge for the year
28,028
1,831
29,859
At 31 October 2023
112,824
79,976
192,800
At 31 October 2023
33,672
4,394
38,066
At 31 October 2022
60,677
6,225
66,902
Matlega Construction Limited
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Trade debtors
148,120
98,800
Amounts falling due after more than one year
Amounts due from group undertakings etc.
595,000
595,000
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
118,654
247,097
Taxes and social security
44,289
15,054
Loans from directors
24,683
32,589
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).