Registered number
08545794
Matches Consulting Ltd
Filleted Accounts
31 May 2023
Matches Consulting Ltd
Registered number: 08545794
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Current assets
Stocks 79,465 79,465
Debtors 3 58,890 36,063
Cash at bank and in hand 54,036 39,944
192,391 155,472
Creditors: amounts falling due within one year 4 (53,363) (28,905)
Net current assets 139,028 126,567
Net assets 139,028 126,567
Capital and reserves
Called up share capital 2 2
Profit and loss account 139,026 126,565
Shareholders' funds 139,028 126,567
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sophie Couret-Delegue
Director
Approved by the board on 31 July 2023
Matches Consulting Ltd
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Debtors 2023 2022
£ £
Trade debtors 58,890 36,063
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors (45,894) (46,040)
Taxation and social security costs 18,047 13,334
Other creditors 81,210 61,611
53,363 28,905
5 Other information
Matches Consulting Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 9
Queen's Yard
White Post Lane
London
E9 5EN
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