Registered number
SC566111
Matter of Focus Ltd
Filleted Accounts
31 May 2024
Matter of Focus Ltd
Registered number: SC566111
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 80,132 91,579
Current assets
Stocks 6,740 3,001
Debtors 4 51,073 133,451
Cash at bank and in hand 43,467 101,478
101,280 237,930
Creditors: amounts falling due within one year 5 (273,797) (303,954)
Net current liabilities (172,517) (66,024)
Total assets less current liabilities (92,385) 25,555
Creditors: amounts falling due after more than one year 6 (11,662) (28,826)
Net liabilities (104,047) (3,271)
Capital and reserves
Called up share capital 111 111
Profit and loss account (104,158) (3,382)
Shareholders' funds (104,047) (3,271)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sarah Catherine Morton
Director
Approved by the board on 21 August 2024
Matter of Focus Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Other intangible assets relate to software. It is amortised to profit and loss account over its estimated economic life of 10 years.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account.

Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 12
3 Intangible fixed assets £
Other:
Cost
At 1 June 2023 114,473
At 31 May 2024 114,473
Amortisation
At 1 June 2023 22,894
Provided during the year 11,447
At 31 May 2024 34,341
Net book value
At 31 May 2024 80,132
At 31 May 2023 91,579
4 Debtors 2024 2023
£ £
Trade debtors 43,337 113,815
Other debtors - 239
Prepayment 7,736 19,397
51,073 133,451
5 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals and deferred income 110,472 145,589
Trade creditors 1,021 5,420
Corporation tax 59,652 99,517
Other taxes and social security 8,375 9,850
VAT 52,036 41,241
Other creditors 42,241 2,337
273,797 303,954
6 Creditors: amounts falling due after one year 2024 2023
£ £
Loan 11,662 28,826
11,662 28,826
7 Other information
Matter of Focus Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
Codebase Edinburgh
Argyle House
3 Lady Lawson Street
Edinburgh, Scotland
EH3 9DR
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