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REGISTERED NUMBER: 08501849 (England and Wales)















Report of the Director and

Financial Statements for the Year Ended 30 September 2023

for

Matts Monitors Limited

Matts Monitors Limited (Registered number: 08501849)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company Information 1

Report of the Director 2

Chartered Accountants' Report 3

Balance Sheet 4

Notes to the Financial Statements 6


Matts Monitors Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Mr M D R Tily





SECRETARY: Ms D E Reeves





REGISTERED OFFICE: 1 Court Mews
London Road
Charlton Kings
Cheltenham
Glos
GL20 6HS





REGISTERED NUMBER: 08501849 (England and Wales)





ACCOUNTANTS: Angela Paull and Co Ltd
1 Court Mews
London Road
Charlton Kings
Cheltenham
Glos
GL52 6HS

Matts Monitors Limited (Registered number: 08501849)

Report of the Director
for the Year Ended 30 September 2023


The director presents his report with the financial statements of the company for the year ended 30 September 2023.

PRINCIPAL ACTIVITIES
Our principal activities during the year have continued to be the supply, service and repair of air monitoring equipment.

DIRECTOR
Mr M D R Tily held office during the whole of the period from 1 October 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr M D R Tily - Director


27 February 2024

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Matts Monitors Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Matts Monitors Limited for the year ended 30 September 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Matts Monitors Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Matts Monitors Limited and state those matters that we have agreed to state to the director of Matts Monitors Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Matts Monitors Limited and its director for our work or for this report.

It is your duty to ensure that Matts Monitors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Matts Monitors Limited. You consider that Matts Monitors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Matts Monitors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Angela Paull and Co Ltd
1 Court Mews
London Road
Charlton Kings
Cheltenham
Glos
GL52 6HS


27 February 2024

Matts Monitors Limited (Registered number: 08501849)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,949 25,111

CURRENT ASSETS
Stocks 495,473 413,872
Debtors 5 228,099 57,193
Cash at bank 126,805 118,287
850,377 589,352
CREDITORS
Amounts falling due within one year 6 468,882 67,585
NET CURRENT ASSETS 381,495 521,767
TOTAL ASSETS LESS CURRENT LIABILITIES 415,444 546,878

CREDITORS
Amounts falling due after more than one
year

7

(94,933

)

(107,666

)

PROVISIONS FOR LIABILITIES 9 (2,607 ) (621 )
NET ASSETS 317,904 438,591

CAPITAL AND RESERVES
Called up share capital 200,120 200,100
Capital redemption reserve 75,000 75,000
Retained earnings 42,784 163,491
SHAREHOLDERS' FUNDS 317,904 438,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Matts Monitors Limited (Registered number: 08501849)

Balance Sheet - continued
30 September 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 director and authorised for issue on 27 February 2024 and were signed by:





Mr M D R Tily - Director


Matts Monitors Limited (Registered number: 08501849)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

Matts Monitors Limited is a private company, limited by shares , registered in England and Wales. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Matts Monitors Limited (Registered number: 08501849)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2022 28,773 21,818 48,740 99,331
Additions 2,288 2,116 22,995 27,399
Disposals - - (15,245 ) (15,245 )
At 30 September 2023 31,061 23,934 56,490 111,485
DEPRECIATION
At 1 October 2022 23,625 18,401 32,194 74,220
Charge for year 5,238 2,339 9,078 16,655
Eliminated on disposal - - (13,339 ) (13,339 )
At 30 September 2023 28,863 20,740 27,933 77,536
NET BOOK VALUE
At 30 September 2023 2,198 3,194 28,557 33,949
At 30 September 2022 5,148 3,417 16,546 25,111

Matts Monitors Limited (Registered number: 08501849)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2022 18,250
Additions 22,995
At 30 September 2023 41,245
DEPRECIATION
At 1 October 2022 4,563
Charge for year 8,125
At 30 September 2023 12,688
NET BOOK VALUE
At 30 September 2023 28,557
At 30 September 2022 13,687

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 205,493 5,100
Other debtors 22,606 52,093
228,099 57,193

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 21,200 25,001
Hire purchase contracts 8,082 5,032
Trade creditors 120,821 21,883
Taxation and social security 12,753 12,064
Other creditors 306,026 3,605
468,882 67,585

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans 88,065 104,167
Hire purchase contracts 6,868 3,499
94,933 107,666

Matts Monitors Limited (Registered number: 08501849)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans 109,265 129,168

The bank loan is secured by a fixed and floating charge over the assets of the company.

9. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax 2,607 621

Deferred
tax
£   
Balance at 1 October 2022 621
Provided during year 1,986
Balance at 30 September 2023 2,607

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M D R Tily.