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REGISTERED NUMBER: 07705213 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Matza & Co Limited

Matza & Co Limited (Registered number: 07705213)

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


Matza & Co Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: A Ayub
M Ayub





SECRETARY:





REGISTERED OFFICE: Unit 200, Bretton Industrial Estate
Bretton Park Way
Savile Town
Dewsbury
West Yorkshire
WF12 9BS





REGISTERED NUMBER: 07705213 (England and Wales)





ACCOUNTANTS: Isaacs
Trust House
St James Business Park
5 New Augustus Street
Bradford
West Yorkshire
BD1 5LL

Matza & Co Limited (Registered number: 07705213)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 352,310 67,944
352,310 67,944

CURRENT ASSETS
Stocks 672,765 522,765
Debtors 6 1,899,112 2,243,757
Cash at bank 1,093,178 1,847,144
3,665,055 4,613,666
CREDITORS
Amounts falling due within one year 7 4,216,796 4,712,109
NET CURRENT LIABILITIES (551,741 ) (98,443 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(199,431

)

(30,499

)

CREDITORS
Amounts falling due after more than one
year

8

(297,906

)

(297,308

)

PROVISIONS FOR LIABILITIES (73,739 ) (126,628 )
NET LIABILITIES (571,076 ) (454,435 )

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 200,000 200,000
Retained earnings (771,176 ) (654,535 )
SHAREHOLDERS' FUNDS (571,076 ) (454,435 )

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.

Matza & Co Limited (Registered number: 07705213)

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 28 August 2024 and were signed on its behalf by:




M Ayub - Director



A Ayub - Director


Matza & Co Limited (Registered number: 07705213)

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


1. STATUTORY INFORMATION

Matza & Co 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% 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.

Matza & Co Limited (Registered number: 07705213)

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


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 68 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 100,000
AMORTISATION
At 1 August 2022
and 31 July 2023 100,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 391,970
Additions 311,739
At 31 July 2023 703,709
DEPRECIATION
At 1 August 2022 324,026
Charge for year 27,373
At 31 July 2023 351,399
NET BOOK VALUE
At 31 July 2023 352,310
At 31 July 2022 67,944

Matza & Co Limited (Registered number: 07705213)

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


6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 1,179,757 1,316,612
Other debtors 719,355 711,288
1,899,112 2,027,900

Amounts falling due after more than one year:
Other debtors - 215,857

Aggregate amounts 1,899,112 2,243,757

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,632 44,252
Hire purchase contracts 146,366 162,308
Trade creditors 3,159,214 3,182,360
Taxation and social security 460,957 566,796
Other creditors 419,627 756,393
4,216,796 4,712,109

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 297,906 297,308