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Company Registration No. 13828154 (England and Wales)
Matilda Bay Limited Unaudited accounts for the year ended 31 January 2024
Matilda Bay Limited Unaudited accounts Contents
Page
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Matilda Bay Limited Company Information for the year ended 31 January 2024
Director
Amit Kumar Gupta
Company Number
13828154 (England and Wales)
Registered Office
2b Draycott Avenue Harrow Middlesex HA3 0BU England
Accountants
MIB Accountants Limited Kingfisher House 21-23 Elmfield Road Bromley Kent BR1 1LT
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Matilda Bay Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,784 
1,932 
Current assets
Debtors
2,989 
- 
Cash at bank and in hand
18,082 
8,843 
21,071 
8,843 
Creditors: amounts falling due within one year
(11,273)
(6,732)
Net current assets
9,798 
2,111 
Net assets
11,582 
4,043 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
11,482 
3,943 
Shareholders' funds
11,582 
4,043 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 October 2024 and were signed on its behalf by
Amit Kumar Gupta Director Company Registration No. 13828154
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Matilda Bay Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Matilda Bay Limited is a private company, limited by shares, registered in England and Wales, registration number 13828154. The registered office is 2b Draycott Avenue, Harrow, Middlesex, HA3 0BU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
Financial instruments
Basic financial instruments are recognised at amortised cost.
Taxation
The tax is payable on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss accounts because it excludes items of income and expenditure that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Matilda Bay Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
2,415 
- 
2,415 
Additions
- 
298 
298 
At 31 January 2024
2,415 
298 
2,713 
Depreciation
At 1 February 2023
483 
- 
483 
Charge for the year
386 
60 
446 
At 31 January 2024
869 
60 
929 
Net book value
At 31 January 2024
1,546 
238 
1,784 
At 31 January 2023
1,932 
- 
1,932 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
2,989 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,800 
477 
Other creditors
913 
- 
Loans from directors
7,720 
6,255 
Accruals
840 
- 
11,273 
6,732 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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