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Registered Number: 06896734
England and Wales

 

 

 

MATT BROWNING LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2022

End date: 31 May 2023
Director M Browning
Registered Number 06896734
Registered Office 54 Red Rose
Binfield
Bracknell
RG42 5LD
Accountants Blue Peak Consulting Ltd
Wyvols Court
Basingstoke Road
Berkshire
United Kingdom
RG7 1WY
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 4,066    1,892 
Tangible fixed assets 4 13,373    14,502 
17,439    16,394 
Current assets      
Stocks 5 2,380    2,900 
Debtors 6 9,234    13,222 
Cash at bank and in hand 32,029    52,783 
43,643    68,905 
Creditors: amount falling due within one year 7 (15,998)   (41,743)
Net current assets 27,645    27,162 
 
Total assets less current liabilities 45,084    43,556 
Net assets 45,084    43,556 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 45,083    43,555 
Shareholder's funds 45,084    43,556 
 


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.

Director's 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 director acknowledges 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 director on 07 February 2024 and were signed by:


-------------------------------
M Browning
Director
2
Company information
Matt Browning Limited is a private company limited by shares incorporated in England and Wales. The registered office is 54 Red Rose, Binfield, Bracknell, Berkshire, RG42 5LD.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Equipment 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 33.33% Straight Line
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date if the fair value can be measured reliably.


Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:


Website                                    20% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

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

Intangible fixed assets

Cost Other   Total
  £   £
At 01 June 2022 2,365    2,365 
Additions 3,190    3,190 
Disposals  
At 31 May 2023 5,555    5,555 
Amortisation
At 01 June 2022 473    473 
Charge for year 1,016    1,016 
On disposals  
At 31 May 2023 1,489    1,489 
Net book values
At 31 May 2023 4,066    4,066 
At 31 May 2022 1,892    1,892 


4.

Tangible fixed assets

Cost or valuation Plant and Equipment   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 June 2022 16,021    24,149    8,179    10,672    59,021 
Additions 1,377        899    2,276 
Disposals        
At 31 May 2023 17,398    24,149    8,179    11,571    61,297 
Depreciation
At 01 June 2022 10,635    20,132    4,265    9,487    44,519 
Charge for year 1,238    803    783    581    3,405 
On disposals        
At 31 May 2023 11,873    20,935    5,048    10,068    47,924 
Net book values
Closing balance as at 31 May 2023 5,525    3,214    3,131    1,503    13,373 
Opening balance as at 01 June 2022 5,386    4,017    3,914    1,185    14,502 


5.

Stocks

2023
£
  2022
£
Stocks 2,380    2,900 
2,380    2,900 

6.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 8,155    11,889 
Prepayments 1,079    1,333 
9,234    13,222 

7.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 4,010    25,378 
Corporation Tax 3,543    10,062 
VAT 5,080    2,812 
PAYE 1,964    852 
Other Creditors   1,446 
Accruals 750    750 
Directors' Current Accounts 651    443 
15,998    41,743 

3