2 false false false false false false false false false false true false false false false false true No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,399 1,399 xbrli:pure xbrli:shares iso4217:GBP 09144500 2023-01-01 2023-12-31 09144500 2023-12-31 09144500 2022-12-31 09144500 2022-01-01 2022-12-31 09144500 2022-12-31 09144500 2021-12-31 09144500 bus:Director1 2023-01-01 2023-12-31 09144500 core:WithinOneYear 2023-12-31 09144500 core:WithinOneYear 2022-12-31 09144500 core:AfterOneYear 2023-12-31 09144500 core:AfterOneYear 2022-12-31 09144500 core:ShareCapital 2023-12-31 09144500 core:ShareCapital 2022-12-31 09144500 core:RetainedEarningsAccumulatedLosses 2023-12-31 09144500 core:RetainedEarningsAccumulatedLosses 2022-12-31 09144500 bus:Director1 2022-12-31 09144500 bus:Director1 2023-12-31 09144500 bus:Director1 2021-12-31 09144500 bus:Director1 2022-12-31 09144500 bus:Director1 2022-01-01 2022-12-31 09144500 bus:SmallEntities 2023-01-01 2023-12-31 09144500 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09144500 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09144500 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09144500 bus:FullAccounts 2023-01-01 2023-12-31 09144500 core:ComputerEquipment 2023-01-01 2023-12-31 09144500 core:ComputerEquipment 2023-12-31
COMPANY REGISTRATION NUMBER: 09144500
MATHE ORGANICS LIMITED
Filleted Unaudited Financial Statements
31 December 2023
MATHE ORGANICS LIMITED
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Current assets
Debtors
6
221,035
214,849
Cash at bank and in hand
7
7
---------
---------
221,042
214,856
Creditors: amounts falling due within one year
7
37,614
21,434
---------
---------
Net current assets
183,428
193,422
---------
---------
Total assets less current liabilities
183,428
193,422
Creditors: amounts falling due after more than one year
8
360,283
361,813
---------
---------
Net liabilities
( 176,855)
( 168,391)
---------
---------
Capital and reserves
Called up share capital
58,082
58,082
Profit and loss account
( 234,937)
( 226,473)
---------
---------
Shareholders deficit
( 176,855)
( 168,391)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
MATHE ORGANICS LIMITED
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 19 September 2024 , and are signed on behalf of the board by:
Mr J. PINTALDI
Director
Company registration number: 09144500
MATHE ORGANICS LIMITED
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3rd Floor, 86-90 Paul Street, London, EC2A 4NE, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade debtors are amounts due from customers for merchandise sold in the ordinary course of business.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Financial instruments
Financial instruments held by the company include trade debtors and trade creditors. The company does not consider there to be any other class of financial instruments.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office Equipment
-
25% reducing balance
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 January 2023 and 31 December 2023
1,399
1,399
-------
-------
Depreciation
At 1 January 2023 and 31 December 2023
1,399
1,399
-------
-------
Carrying amount
At 31 December 2023
-------
-------
At 31 December 2022
-------
-------
6. Debtors
2023
2022
£
£
Trade debtors
101,343
101,343
Amounts owed by group undertakings and undertakings in which the company has a participating interest
119,361
113,013
Other debtors
331
493
---------
---------
221,035
214,849
---------
---------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
1,469
1,173
Trade creditors
21,089
18,630
Other creditors
15,056
1,631
--------
--------
37,614
21,434
--------
--------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
8,365
9,895
Other creditors
351,918
351,918
---------
---------
360,283
361,813
---------
---------
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr J. PINTALDI
( 881)
( 12,825)
( 13,706)
----
--------
--------
2022
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr J. PINTALDI
81
( 962)
( 881)
----
----
----