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REGISTERED NUMBER: 11297204 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

MATT JOHNSON PRESTIGE LTD

MATT JOHNSON PRESTIGE LTD (REGISTERED NUMBER: 11297204)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MATT JOHNSON PRESTIGE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs N A Johnson
Mr M P Johnson



REGISTERED OFFICE: Strawberry Lights
Abbey Road
Barrow-In-Furness
LA13 9JJ



REGISTERED NUMBER: 11297204 (England and Wales)



BANKERS: National Westminster Bank plc
113 Dalton Road
Barrow-in-Furness
Cumbria
LA14 1WY

MATT JOHNSON PRESTIGE LTD (REGISTERED NUMBER: 11297204)

ABRIDGED BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,233 5,233
Tangible assets 5 21,297 26,973
26,530 32,206

CURRENT ASSETS
Stocks 685,728 1,598,909
Debtors 66,030 643,740
Cash at bank and in hand 63,011 139,539
814,769 2,382,188
CREDITORS
Amounts falling due within one year 685,150 2,105,350
NET CURRENT ASSETS 129,619 276,838
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,149

309,044

CREDITORS
Amounts falling due after more than one
year

54,166

107,065
NET ASSETS 101,983 201,979

CAPITAL AND RESERVES
Called up share capital 7 200 200
Retained earnings 101,783 201,779
SHAREHOLDERS' FUNDS 101,983 201,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MATT JOHNSON PRESTIGE LTD (REGISTERED NUMBER: 11297204)

ABRIDGED BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





Mr M P Johnson - Director


MATT JOHNSON PRESTIGE LTD (REGISTERED NUMBER: 11297204)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Matt Johnson Prestige Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services and commissions received, excluding VAT.

Intangible assets
Licence plate has not been amortised which is a departure from Financial Reporting Standard 102 and from the
Companies Act 2006. Amortisation if provided would not have been of a material nature. The director
considers that this policy results in the financial statements showing a true and fair view.

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 - 15% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grant
Grants received in connection with the purchase of tangible fixed assets are credited to reserve and released to profit and loss account in accordance with the underlying depreciation policy.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

MATT JOHNSON PRESTIGE LTD (REGISTERED NUMBER: 11297204)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 5,815
AMORTISATION
At 1 May 2023
and 30 April 2024 582
NET BOOK VALUE

At 30 April 2024 5,233
At 30 April 2023 5,233

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 53,173
Additions 2,581
At 30 April 2024 55,754
DEPRECIATION
At 1 May 2023 26,200
Charge for year 8,257
At 30 April 2024 34,457
NET BOOK VALUE
At 30 April 2024 21,297
At 30 April 2023 26,973

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year 64,200 64,200
Between one and five years 64,200 64,200
In more than five years 21,400 85,600
149,800 214,000

MATT JOHNSON PRESTIGE LTD (REGISTERED NUMBER: 11297204)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
150 A Ordinary £1 150 150
50 B Ordinary £1 50 50
200 200

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mr M P Johnson
Balance outstanding at start of year 9,109 2,235
Amounts advanced - 9,109
Amounts repaid (9,109 ) (2,235 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,109

Mrs N A Johnson
Balance outstanding at start of year 9,109 2,235
Amounts advanced - 9,109
Amounts repaid (9,109 ) (2,235 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,109