2022-07-082023-07-312023-07-31false14224109PRODUCT MATTERS LTD2024-04-0562020iso4217:GBPxbrli:pure142241092022-07-08142241092023-07-31142241092022-07-082023-07-31142241092022-07-07142241092022-07-07142241092022-07-072022-07-0714224109bus:SmallEntities2022-07-082023-07-3114224109bus:AuditExempt-NoAccountantsReport2022-07-082023-07-3114224109bus:FullAccounts2022-07-082023-07-3114224109bus:PrivateLimitedCompanyLtd2022-07-082023-07-3114224109core:WithinOneYear2023-07-3114224109core:AfterOneYear2023-07-3114224109core:WithinOneYear2022-07-0714224109core:AfterOneYear2022-07-0714224109core:ShareCapital2023-07-3114224109core:SharePremium2023-07-3114224109core:RevaluationReserve2023-07-3114224109core:OtherReservesSubtotal2023-07-3114224109core:RetainedEarningsAccumulatedLosses2023-07-3114224109core:ShareCapital2022-07-0714224109core:SharePremium2022-07-0714224109core:RevaluationReserve2022-07-0714224109core:OtherReservesSubtotal2022-07-0714224109core:RetainedEarningsAccumulatedLosses2022-07-0714224109core:LandBuildings2023-07-3114224109core:PlantMachinery2023-07-3114224109core:Vehicles2023-07-3114224109core:FurnitureFittings2023-07-3114224109core:OfficeEquipment2023-07-3114224109core:NetGoodwill2023-07-3114224109core:IntangibleAssetsOtherThanGoodwill2023-07-3114224109core:ListedExchangeTraded2023-07-3114224109core:UnlistedNon-exchangeTraded2023-07-3114224109core:LandBuildings2022-07-0714224109core:PlantMachinery2022-07-0714224109core:Vehicles2022-07-0714224109core:FurnitureFittings2022-07-0714224109core:OfficeEquipment2022-07-0714224109core:NetGoodwill2022-07-0714224109core:IntangibleAssetsOtherThanGoodwill2022-07-0714224109core:ListedExchangeTraded2022-07-0714224109core:UnlistedNon-exchangeTraded2022-07-0714224109core:LandBuildings2022-07-082023-07-3114224109core:PlantMachinery2022-07-082023-07-3114224109core:Vehicles2022-07-082023-07-3114224109core:FurnitureFittings2022-07-082023-07-3114224109core:OfficeEquipment2022-07-082023-07-3114224109core:NetGoodwill2022-07-082023-07-3114224109core:IntangibleAssetsOtherThanGoodwill2022-07-082023-07-3114224109core:ListedExchangeTraded2022-07-082023-07-3114224109core:UnlistedNon-exchangeTraded2022-07-082023-07-3114224109core:MoreThanFiveYears2022-07-082023-07-3114224109core:Non-currentFinancialInstruments2023-07-3114224109core:Non-currentFinancialInstruments2022-07-0714224109dpl:CostSales2022-07-082023-07-3114224109dpl:DistributionCosts2022-07-082023-07-3114224109core:LandBuildings2022-07-082023-07-3114224109core:PlantMachinery2022-07-082023-07-3114224109core:Vehicles2022-07-082023-07-3114224109core:FurnitureFittings2022-07-082023-07-3114224109core:OfficeEquipment2022-07-082023-07-3114224109dpl:AdministrativeExpenses2022-07-082023-07-3114224109core:NetGoodwill2022-07-082023-07-3114224109core:IntangibleAssetsOtherThanGoodwill2022-07-082023-07-3114224109dpl:GroupUndertakings2022-07-082023-07-3114224109dpl:ParticipatingInterests2022-07-082023-07-3114224109dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-082023-07-3114224109core:ListedExchangeTraded2022-07-082023-07-3114224109dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-082023-07-3114224109core:UnlistedNon-exchangeTraded2022-07-082023-07-3114224109dpl:CostSales2022-07-072022-07-0714224109dpl:DistributionCosts2022-07-072022-07-0714224109core:LandBuildings2022-07-072022-07-0714224109core:PlantMachinery2022-07-072022-07-0714224109core:Vehicles2022-07-072022-07-0714224109core:FurnitureFittings2022-07-072022-07-0714224109core:OfficeEquipment2022-07-072022-07-0714224109dpl:AdministrativeExpenses2022-07-072022-07-0714224109core:NetGoodwill2022-07-072022-07-0714224109core:IntangibleAssetsOtherThanGoodwill2022-07-072022-07-0714224109dpl:GroupUndertakings2022-07-072022-07-0714224109dpl:ParticipatingInterests2022-07-072022-07-0714224109dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-072022-07-0714224109core:ListedExchangeTraded2022-07-072022-07-0714224109dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-072022-07-0714224109core:UnlistedNon-exchangeTraded2022-07-072022-07-0714224109core:NetGoodwill2023-07-3114224109core:IntangibleAssetsOtherThanGoodwill2023-07-3114224109core:LandBuildings2023-07-3114224109core:PlantMachinery2023-07-3114224109core:Vehicles2023-07-3114224109core:FurnitureFittings2023-07-3114224109core:OfficeEquipment2023-07-3114224109core:AfterOneYear2023-07-3114224109core:WithinOneYear2023-07-3114224109core:ListedExchangeTraded2023-07-3114224109core:UnlistedNon-exchangeTraded2023-07-3114224109core:ShareCapital2023-07-3114224109core:SharePremium2023-07-3114224109core:RevaluationReserve2023-07-3114224109core:OtherReservesSubtotal2023-07-3114224109core:RetainedEarningsAccumulatedLosses2023-07-3114224109core:NetGoodwill2022-07-0714224109core:IntangibleAssetsOtherThanGoodwill2022-07-0714224109core:LandBuildings2022-07-0714224109core:PlantMachinery2022-07-0714224109core:Vehicles2022-07-0714224109core:FurnitureFittings2022-07-0714224109core:OfficeEquipment2022-07-0714224109core:AfterOneYear2022-07-0714224109core:WithinOneYear2022-07-0714224109core:ListedExc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PRODUCT MATTERS LTD

Registered Number
14224109
(England and Wales)

Unaudited Financial Statements for the Period ended
31 July 2023

PRODUCT MATTERS LTD
Company Information
for the period from 8 July 2022 to 31 July 2023

Director

GRAHAM, Andrew James

Registered Address

26 Frezenberg Close
Burbage
Hinckley
LE10 2FL

Registered Number

14224109 (England and Wales)
PRODUCT MATTERS LTD
Balance Sheet as at
31 July 2023

Notes

2023

£

£

Fixed assets
Tangible assets551,036
51,036
Current assets
Debtors65,625
Cash at bank and on hand10,929
16,554
Creditors amounts falling due within one year7(20,115)
Net current assets (liabilities)(3,561)
Total assets less current liabilities47,475
Net assets47,475
Capital and reserves
Called up share capital1
Profit and loss account47,474
Shareholders' funds47,475
The financial statements were approved and authorised for issue by the Director on 5 April 2024, and are signed on its behalf by:
GRAHAM, Andrew James
Director
Registered Company No. 14224109
PRODUCT MATTERS LTD
Notes to the Financial Statements
for the period ended 31 July 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

2023
Average number of employees during the year1
5.Property, plant and equipment

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
Additions1,87946,9804,07752,936
At 31 July 231,87946,9804,07752,936
Depreciation and impairment
Charge for year1717499801,900
At 31 July 231717499801,900
Net book value
At 31 July 231,70846,2313,09751,036
At 07 July 22----
6.Debtors

2023

£
Prepayments and accrued income5,625
Total5,625
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

£
Trade creditors / trade payables186
Taxation and social security19,212
Other creditors717
Total20,115
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.