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REGISTERED NUMBER: 04611370 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Matter-npd Ltd

Matter-npd Ltd (Registered number: 04611370)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Matter-npd Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr S A Roe
Mr M L Wright





SECRETARY: Mr M L Wright





REGISTERED OFFICE: 2 Lansdown Mews
Bath
BA1 5DY





REGISTERED NUMBER: 04611370 (England and Wales)





ACCOUNTANTS: The P I Partnership
Chartered Certified Accountants
Suite 2
Bath Brewery
Tollbridge Road
Bath
BANES
BA1 7DE

Matter-npd Ltd (Registered number: 04611370)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,520,490 1,571,430

CURRENT ASSETS
Debtors 5 484,279 443,069
Prepayments and accrued income - 1,884
Cash at bank and in hand 18,910 102,329
503,189 547,282
CREDITORS
Amounts falling due within one year 6 (260,319 ) (352,314 )
NET CURRENT ASSETS 242,870 194,968
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,763,360

1,766,398

CREDITORS
Amounts falling due after more than one
year

7

(327,909

)

(410,792

)

PROVISIONS FOR LIABILITIES (27,625 ) (33,005 )
NET ASSETS 1,407,826 1,322,601

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,407,824 1,322,599
SHAREHOLDERS' FUNDS 1,407,826 1,322,601

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.

Matter-npd Ltd (Registered number: 04611370)

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





Mr M L Wright - Director


Matter-npd Ltd (Registered number: 04611370)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Matter-npd 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is the value of work performed during the year with respect to ongoing services to customers. In respect of ongoing services, turnover represents the value of work done in the year including estimates of amounts not invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost and not provided
Plant and machinery etc - 25% on reducing balance and 2% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Matter-npd Ltd (Registered number: 04611370)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 May 2023 803,342 694,025 310,386
Additions - - -
Disposals - - -
At 30 April 2024 803,342 694,025 310,386
DEPRECIATION
At 1 May 2023 32,134 26,437 254,006
Charge for year 16,067 13,218 14,095
Eliminated on disposal - - -
At 30 April 2024 48,201 39,655 268,101
NET BOOK VALUE
At 30 April 2024 755,141 654,370 42,285
At 30 April 2023 771,208 667,588 56,380

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 164,699 19,299 1,991,751
Additions 8,155 7,288 15,443
Disposals - (1,085 ) (1,085 )
At 30 April 2024 172,854 25,502 2,006,109
DEPRECIATION
At 1 May 2023 98,974 8,770 420,321
Charge for year 18,091 4,302 65,773
Eliminated on disposal - (475 ) (475 )
At 30 April 2024 117,065 12,597 485,619
NET BOOK VALUE
At 30 April 2024 55,789 12,905 1,520,490
At 30 April 2023 65,725 10,529 1,571,430

Matter-npd Ltd (Registered number: 04611370)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 215,041 214,545
Amounts owed by associates 246 246
Other debtors 268,992 228,278
484,279 443,069

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 102,523 100,116
Trade creditors 35,704 61,738
Taxation and social security 58,506 162,256
Other creditors 63,586 28,204
260,319 352,314

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loan 327,909 410,792

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 223,742 256,625

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loan 271,076 303,959

A bank loan is secured on the business property and is repayable on monthly instalments over a 15 year period.

9. GUARANTEES CONTINGENCIES AND OTHER FINANCIAL COMMITMENTS

The company and total guarantees contingencies and commitments at the year end of £12,053 (2023: £24,319)