1 March 2023 false No description of principal activity Taxfiler 2024.6 SC527145business:PrivateLimitedCompanyLtd2023-03-012024-02-29 SC5271452023-02-28 SC5271452023-03-012024-02-29 SC527145business:AuditExemptWithAccountantsReport2023-03-012024-02-29 SC527145business:FilletedAccounts2023-03-012024-02-29 SC5271452024-02-29 SC527145business:Director12023-03-012024-02-29 SC527145business:RegisteredOffice2023-03-012024-02-29 SC5271452023-02-28 SC527145core:WithinOneYear2024-02-29 SC527145core:WithinOneYear2023-02-28 SC527145core:AfterOneYear2024-02-29 SC527145core:AfterOneYear2023-02-28 SC527145core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 SC527145core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC527145core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 SC527145core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC527145core:PreviouslyStatedAmount2024-02-29 SC527145core:PreviouslyStatedAmount2023-02-28 SC527145business:SmallEntities2023-03-012024-02-29 SC527145countries:Scotland2023-03-012024-02-29 SC527145core:FurnitureFittings2023-03-012024-02-29 SC527145core:ComputerEquipment2023-03-012024-02-29 SC527145core:FurnitureFittings2023-02-28 SC527145core:FurnitureFittings2024-02-29 SC527145business:Director112023-03-012024-02-29 SC527145business:Director112023-02-28 SC527145business:Director112024-02-29 SC5271452022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC527145 (Scotland)
Chris Matson Ltd Unaudited accounts for the year ended 29 February 2024
Chris Matson Ltd Unaudited accounts Contents
Page
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Chris Matson Ltd Company Information for the year ended 29 February 2024
Director
Chris Matson
Company Number
SC527145 (Scotland)
Registered Office
26 Mitchell Street Dalkeith Midlothian EH22 1JQ
Accountants
Rosebery Accountants & Business Advisors 23 Melville Street Edinburgh EH3 7PE
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Chris Matson Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
562 
469 
Current assets
Debtors
182 
3,632 
Cash at bank and in hand
850 
850 
1,032 
4,482 
Creditors: amounts falling due within one year
(15,849)
(11,943)
Net current liabilities
(14,817)
(7,461)
Total assets less current liabilities
(14,255)
(6,992)
Creditors: amounts falling due after more than one year
(2,833)
(4,833)
Net liabilities
(17,088)
(11,825)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(17,188)
(11,925)
Shareholders' funds
(17,088)
(11,825)
For the year ending 29 February 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 22 November 2024 and were signed on its behalf by
Chris Matson Director Company Registration No. SC527145
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Chris Matson Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Chris Matson Ltd is a private company, limited by shares, registered in Scotland, registration number SC527145. The registered office is 26 Mitchell Street, Dalkeith, Midlothian, EH22 1JQ.
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.
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
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2023
1,325 
Additions
280 
At 29 February 2024
1,605 
Depreciation
At 1 March 2023
856 
Charge for the year
187 
At 29 February 2024
1,043 
Net book value
At 29 February 2024
562 
At 28 February 2023
469 
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Chris Matson Ltd Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
200 
800 
Other debtors
(18)
2,832 
182 
3,632 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,485 
5,262 
Amounts owed to group undertakings and other participating interests
90 
- 
Taxes and social security
7,857 
5,214 
Other creditors
151 
202 
Accruals
1,266 
1,265 
15,849 
11,943 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,833 
4,833 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Chris Matson
Short term loan
2,832 
- 
2,850 
(18)
2,832 
- 
2,850 
(18)
The loan to director Chris Matson was cleared by way of dividend in the year.
9
Average number of employees
During the year the average number of employees was 1 (2023: 2).
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