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REGISTERED NUMBER: 08016823 (England and Wales)















Financial Statements

for the Year Ended 31 March 2024

for

Matthew Trustam Design Ltd

Matthew Trustam Design Ltd (Registered number: 08016823)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Matthew Trustam Design Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Trustam
L C Trustam





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 08016823 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Matthew Trustam Design Ltd (Registered number: 08016823)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 3,877 17,522
Investments 6 331,851 284,134
335,728 301,656

CURRENT ASSETS
Debtors 7 7,595,085 648,240
Cash at bank and in hand 7,723,861 770,978
15,318,946 1,419,218
CREDITORS
Amounts falling due within one year 8 (14,156,236 ) (336,616 )
NET CURRENT ASSETS 1,162,710 1,082,602
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,498,438

1,384,258

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,498,436 1,384,256
SHAREHOLDERS' FUNDS 1,498,438 1,384,258

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 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.

Matthew Trustam Design Ltd (Registered number: 08016823)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





L C Trustam - Director


Matthew Trustam Design Ltd (Registered number: 08016823)

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

1. STATUTORY INFORMATION

Matthew Trustam Design 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Revenue 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.
Short leasehold - Straight line over 5 years
Fixtures and fittings - 33% on cost
Motor vehicles - Straight line over 5 years
Computer equipment - 33% on cost

Fixed asset investments
Listed investments are initially measured at cost and subsequently measured at fair value based on the mid-market price quoted on the relevant stock exchange. Changes in fair value are recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Matthew Trustam Design Ltd (Registered number: 08016823)

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

3. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 April 2023 7,127 48,478 32,897 50,311 138,813
Additions - 195 - - 195
At 31 March 2024 7,127 48,673 32,897 50,311 139,008
Depreciation
At 1 April 2023 5,704 44,565 26,316 44,706 121,291
Charge for year 1,423 2,507 6,581 3,329 13,840
At 31 March 2024 7,127 47,072 32,897 48,035 135,131
Net book value
At 31 March 2024 - 1,601 - 2,276 3,877
At 31 March 2023 1,423 3,913 6,581 5,605 17,522

6. FIXED ASSET INVESTMENTS
Other
investments
£   
Cost or valuation
At 1 April 2023 284,134
Disposals (6,895 )
Revaluations 46,134
Dividends received 8,478
At 31 March 2024 331,851
Net book value
At 31 March 2024 331,851
At 31 March 2023 284,134


Matthew Trustam Design Ltd (Registered number: 08016823)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 2,984,698 577,095
Other debtors and prepayments 105,645 52,706
VAT 332,610 18,439
Deferred costs 4,172,132 -
7,595,085 648,240

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 503,905 49,838
Tax 191,812 128,380
Social security and other taxes 4,725 5,338
Other creditors and accruals 10,298 10,913
Fees in advance 13,444,554 140,688
Directors' current accounts 942 1,459
14,156,236 336,616