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Registration number: 02409936

Matchscene Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Matchscene Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 6

 

Matchscene Limited

Company Information

Director

Mr Stephen Sutcliffe

Company secretary

Mrs Susan Sutcliffe

Registered office

C/O Bright Partnership
26 Edward Court
Altrincham Business Park
Altrincham
WA14 5GL

Accountants

Bright Partnership Limited
26 Edward Court,
Broadheath
Altrincham
WA14 5GL

 

Matchscene Limited

(Registration number: 02409936)
Statement of Financial Position as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,200

2,934

Current assets

 

Debtors

5

153,991

3,650

Cash at bank and in hand

 

56,755

227,674

 

210,746

231,324

Creditors: Amounts falling due within one year

6

(122,717)

(124,952)

Net current assets

 

88,029

106,372

Net assets

 

90,229

109,306

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

90,129

109,206

Shareholders' funds

 

90,229

109,306

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 January 2025
 

.........................................
Mr Stephen Sutcliffe
Director

 

Matchscene Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
C/O Bright Partnership
26 Edward Court
Altrincham Business Park
Altrincham
WA14 5GL

These financial statements were authorised for issue by the director on 7 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Matchscene Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

-25% on reducing balance

Computer Equipment

-25% on reducing balance

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 2).

 

Matchscene Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 November 2023

6,498

7,617

14,115

At 31 October 2024

6,498

7,617

14,115

Depreciation

At 1 November 2023

6,176

5,005

11,181

Charge for the year

81

653

734

At 31 October 2024

6,257

5,658

11,915

Carrying amount

At 31 October 2024

241

1,959

2,200

At 31 October 2023

322

2,612

2,934

5

Debtors

Current

2024
£

2023
£

Trade debtors

-

3,377

Prepayments

699

273

Other debtors

153,292

-

 

153,991

3,650

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

490

522

Taxation and social security

33

3,757

Accruals and deferred income

1,980

1,980

Other creditors

120,214

118,693

122,717

124,952

7

Share capital

Allotted, called up and fully paid shares

 

Matchscene Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100