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REGISTERED NUMBER: 13407642 (England and Wales)










Financial Statements

for the Year Ended 31 May 2024

for

Matcha Era Ltd

Matcha Era Ltd (Registered number: 13407642)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Matcha Era Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: C Y S Tang





REGISTERED OFFICE: 66 St Andrews Street
Newcastle Upon Tyne
Tyne and Wear
NE1 5SF





REGISTERED NUMBER: 13407642 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
52-56 Coatsworth Road
Gateshead
NE8 1QN

Matcha Era Ltd (Registered number: 13407642)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 23,200 34,800
Tangible assets 5 32,812 37,968
56,012 72,768

CURRENT ASSETS
Stocks 12,168 12,100
Debtors 6 5,250 5,250
Cash at bank and in hand 33,441 25,758
50,859 43,108
CREDITORS
Amounts falling due within one year 7 (6,259 ) (11,774 )
NET CURRENT ASSETS 44,600 31,334
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,612

104,102

CREDITORS
Amounts falling due after more than one year 8 (153,179 ) (173,179 )
NET LIABILITIES (52,567 ) (69,077 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 (52,667 ) (69,177 )
(52,567 ) (69,077 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Matcha Era Ltd (Registered number: 13407642)

Balance Sheet - continued
31 May 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 director and authorised for issue on 19 February 2025 and were signed by:





C Y S Tang - Director


Matcha Era Ltd (Registered number: 13407642)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Matcha Era 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.

INTANGIBLE ASSETS
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 20% on cost
Plant and machinery - 15% on reducing balance

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

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.

Matcha Era Ltd (Registered number: 13407642)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 June 2023
and 31 May 2024 58,000
AMORTISATION
At 1 June 2023 23,200
Amortisation for year 11,600
At 31 May 2024 34,800
NET BOOK VALUE
At 31 May 2024 23,200
At 31 May 2023 34,800

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery Totals
£    £    £    £   
COST
At 1 June 2023 22,197 - 38,151 60,348
Additions - 3,145 - 3,145
At 31 May 2024 22,197 3,145 38,151 63,493
DEPRECIATION
At 1 June 2023 8,880 - 13,500 22,380
Charge for year 4,440 163 3,698 8,301
At 31 May 2024 13,320 163 17,198 30,681
NET BOOK VALUE
At 31 May 2024 8,877 2,982 20,953 32,812
At 31 May 2023 13,317 - 24,651 37,968

Matcha Era Ltd (Registered number: 13407642)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,250 5,250

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,282 6,256
Corporation tax 200 -
Social security and other tax 422 2,248
VAT 2,355 3,270
6,259 11,774

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to group undertakings 153,179 173,179

9. RESERVES
Retained
earnings
£   

At 1 June 2023 (69,177 )
Profit for the year 16,510
At 31 May 2024 (52,667 )