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REGISTERED NUMBER: 13075298 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Matty'S Kitchen Ltd

Matty'S Kitchen Ltd (Registered number: 13075298)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Matty'S Kitchen Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M Caplin





REGISTERED OFFICE: Office 10, Unit 1 465c Hornsey Road
Islington
London
N19 4DR





REGISTERED NUMBER: 13075298 (England and Wales)





ACCOUNTANTS: Goldhill Accountancy Ltd
Office 10, Unit 1
465C Hornsey Road
Islington
London
N19 4DR

Matty'S Kitchen Ltd (Registered number: 13075298)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 165,523 190,304

CURRENT ASSETS
Stocks 5 4,053 6,027
Debtors 6 23,754 28,214
Cash at bank 100,965 39,173
128,772 73,414
CREDITORS
Amounts falling due within one year 7 41,095 17,858
NET CURRENT ASSETS 87,677 55,556
TOTAL ASSETS LESS CURRENT
LIABILITIES

253,200

245,860

PROVISIONS FOR LIABILITIES 8 31,449 36,158
NET ASSETS 221,751 209,702

CAPITAL AND RESERVES
Called up share capital 118 118
Share premium 9 149,983 149,983
Retained earnings 9 71,650 59,601
221,751 209,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Matty'S Kitchen Ltd (Registered number: 13075298)

Balance Sheet - continued
31 March 2024


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 20 August 2024 and were signed by:





M Caplin - Director


Matty'S Kitchen Ltd (Registered number: 13075298)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Matty'S Kitchen Ltd 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.
Improvements to property - in accordance with the property
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
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.

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.

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.

Matty'S Kitchen Ltd (Registered number: 13075298)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 13 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 187,052 25,088 13,392 1,874 227,406
Additions - 1,928 759 - 2,687
At 31 March 2024 187,052 27,016 14,151 1,874 230,093
DEPRECIATION
At 1 April 2023 25,221 6,718 4,514 649 37,102
Charge for year 18,706 5,029 3,427 306 27,468
At 31 March 2024 43,927 11,747 7,941 955 64,570
NET BOOK VALUE
At 31 March 2024 143,125 15,269 6,210 919 165,523
At 31 March 2023 161,831 18,370 8,878 1,225 190,304

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 4,053 6,027

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 862 4,282
Other debtors 12,990 12,990
Director's curr accs less 1yr 845 -
Prepayments 9,057 10,942
23,754 28,214

Matty'S Kitchen Ltd (Registered number: 13075298)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 4,139 4,036
Tax 18,357 -
Social security and other taxes 4,514 3,656
Pensions payable 810 -
VAT 11,407 7,468
Director's curr accs less 1yr - 207
Accrued expenses 1,868 2,491
41,095 17,858

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 31,449 36,158

Deferred
tax
£   
Balance at 1 April 2023 36,158
Provided during year (4,709 )
Balance at 31 March 2024 31,449

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2023 59,601 149,983 209,584
Profit for the year 102,549 102,549
Dividends (90,500 ) (90,500 )
At 31 March 2024 71,650 149,983 221,633

Matty'S Kitchen Ltd (Registered number: 13075298)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
M Caplin
Balance outstanding at start of year (207 ) (102,164 )
Amounts advanced 92,001 162,978
Amounts repaid (90,949 ) (61,021 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 845 (207 )

The balance shown as Director's current accounts under debtors of £845 (2023: a credit balance of £207) has no fixed date for repayment, is repayable upon demand and is non-interest bearing.