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REGISTERED NUMBER: SC253253 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

MATtest Limited

MATtest Limited (Registered number: SC253253)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MATtest Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: C Ferrie
T McLelland





REGISTERED OFFICE: 505 Great Western Road
GLASGOW
G12 8HN





REGISTERED NUMBER: SC253253 (Scotland)





ACCOUNTANTS: The Kelvin Partnership Ltd
Chartered Accountants
The Cooper Building
505 Great Western Road
Glasgow
G12 8HN

MATtest Limited (Registered number: SC253253)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 677,305 707,093

CURRENT ASSETS
Stocks 40,517 29,967
Debtors 5 663,664 631,584
Cash at bank and in hand 431,107 316,947
1,135,288 978,498
CREDITORS
Amounts falling due within one year 6 563,558 512,001
NET CURRENT ASSETS 571,730 466,497
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,249,035

1,173,590

CREDITORS
Amounts falling due after more than one
year

7

(63,971

)

(94,161

)

PROVISIONS FOR LIABILITIES (65,080 ) (69,150 )
NET ASSETS 1,119,984 1,010,279

CAPITAL AND RESERVES
Called up share capital 550 550
Capital redemption reserve 450 450
Retained earnings 1,118,984 1,009,279
SHAREHOLDERS' FUNDS 1,119,984 1,010,279

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MATtest Limited (Registered number: SC253253)

Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 April 2024 and were signed on its behalf by:




C Ferrie - Director



T McLelland - Director


MATtest Limited (Registered number: SC253253)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

MATtest Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress is valued at selling price.

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.


MATtest Limited (Registered number: SC253253)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2022 - 34 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 August 2022 418,331 570,631 2,356
Additions - 34,605 186
At 31 July 2023 418,331 605,236 2,542
DEPRECIATION
At 1 August 2022 75,190 339,778 1,363
Charge for year 8,366 26,421 295
At 31 July 2023 83,556 366,199 1,658
NET BOOK VALUE
At 31 July 2023 334,775 239,037 884
At 31 July 2022 343,141 230,853 993

MATtest Limited (Registered number: SC253253)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 350,540 34,554 1,376,412
Additions - 5,506 40,297
At 31 July 2023 350,540 40,060 1,416,709
DEPRECIATION
At 1 August 2022 221,196 31,792 669,319
Charge for year 32,276 2,727 70,085
At 31 July 2023 253,472 34,519 739,404
NET BOOK VALUE
At 31 July 2023 97,068 5,541 677,305
At 31 July 2022 129,344 2,762 707,093

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 504,679 480,125
Other debtors 158,985 151,459
663,664 631,584

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 30,493 30,493
Trade creditors 215,476 199,285
Taxation and social security 268,949 240,300
Other creditors 48,640 41,923
563,558 512,001

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 63,971 94,161

MATtest Limited (Registered number: SC253253)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. RELATED PARTY DISCLOSURES

At 31 July 2023, £135,100 (2022 - £135,000) was due from CF & TM Properties Ltd in which C Ferrie and T McLelland are also directors of.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C & Mrs Ferrie.