IRIS Accounts Production v24.1.9.2 10561879 director 1.2.23 31.1.24 31.1.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh105618792023-01-31105618792024-01-31105618792023-02-012024-01-31105618792022-01-31105618792022-02-012023-01-31105618792023-01-3110561879ns15:EnglandWales2023-02-012024-01-3110561879ns14:PoundSterling2023-02-012024-01-3110561879ns10:Director12023-02-012024-01-3110561879ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3110561879ns10:SmallEntities2023-02-012024-01-3110561879ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3110561879ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3110561879ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3110561879ns10:FullAccounts2023-02-012024-01-3110561879ns10:OrdinaryShareClass12023-02-012024-01-3110561879ns10:RegisteredOffice2023-02-012024-01-3110561879ns5:CurrentFinancialInstruments2024-01-3110561879ns5:CurrentFinancialInstruments2023-01-3110561879ns5:Non-currentFinancialInstruments2024-01-3110561879ns5:Non-currentFinancialInstruments2023-01-3110561879ns5:ShareCapital2024-01-3110561879ns5:ShareCapital2023-01-3110561879ns5:RetainedEarningsAccumulatedLosses2024-01-3110561879ns5:RetainedEarningsAccumulatedLosses2023-01-3110561879ns5:PlantMachinery2023-02-012024-01-3110561879ns5:MotorVehicles2023-02-012024-01-3110561879ns5:ComputerEquipment2023-02-012024-01-3110561879ns5:PlantMachinery2023-01-3110561879ns5:MotorVehicles2023-01-3110561879ns5:ComputerEquipment2023-01-3110561879ns5:PlantMachinery2024-01-3110561879ns5:MotorVehicles2024-01-3110561879ns5:ComputerEquipment2024-01-3110561879ns5:PlantMachinery2023-01-3110561879ns5:MotorVehicles2023-01-3110561879ns5:ComputerEquipment2023-01-3110561879ns5:CurrentFinancialInstruments2023-02-012024-01-3110561879ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-01-3110561879ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-01-3110561879ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-01-3110561879ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-01-3110561879ns10:OrdinaryShareClass12024-01-31
REGISTERED NUMBER: 10561879 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

MAT4SAIL LIMITED

MAT4SAIL LIMITED (REGISTERED NUMBER: 10561879)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAT4SAIL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr M Price





REGISTERED OFFICE: 28 North Road
Pentewan
St Austell
Cornwall
PL26 6DG





REGISTERED NUMBER: 10561879 (England and Wales)





ACCOUNTANTS: Mackenzies
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

MAT4SAIL LIMITED (REGISTERED NUMBER: 10561879)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 3,315 1,014

CURRENT ASSETS
Stocks 6,500 3,750
Cash at bank 4,649 18,513
11,149 22,263
CREDITORS
Amounts falling due within one year 5 26,941 27,517
NET CURRENT LIABILITIES (15,792 ) (5,254 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(12,477

)

(4,240

)

CREDITORS
Amounts falling due after more than one
year

6

4,267

7,467
NET LIABILITIES (16,744 ) (11,707 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (16,844 ) (11,807 )
SHAREHOLDERS' FUNDS (16,744 ) (11,707 )

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

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

MAT4SAIL LIMITED (REGISTERED NUMBER: 10561879)

BALANCE SHEET - continued
31 JANUARY 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 28 October 2024 and were signed by:





Mr M Price - Director


MAT4SAIL LIMITED (REGISTERED NUMBER: 10561879)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

MAT4SAIL 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.

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 - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
COST
At 1 February 2023 4,300 - 420 4,720
Additions 207 2,250 169 2,626
At 31 January 2024 4,507 2,250 589 7,346
DEPRECIATION
At 1 February 2023 3,386 - 320 3,706
Charge for year 255 38 32 325
At 31 January 2024 3,641 38 352 4,031
NET BOOK VALUE
At 31 January 2024 866 2,212 237 3,315
At 31 January 2023 914 - 100 1,014

MAT4SAIL LIMITED (REGISTERED NUMBER: 10561879)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 3,200 3,200
Social security and other taxes 40 40
Other creditors 3,593 2,376
Directors' current accounts 19,224 21,017
Accrued expenses 884 884
26,941 27,517

Other creditors consists of a credit card balance of £3,593 (2023: £2,376)

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans - 1-2 years 3,200 3,200
Bank loans - 2-5 years 1,067 4,267
4,267 7,467

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100