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Registration number: 13137913

Matchem Limited

Unaudited Filleted Financial Statements

for the Period from 1 February 2023 to 31 July 2024

 

Matchem Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Matchem Limited

(Registration number: 13137913)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

248,538

176,998

Current assets

 

Debtors

1,624

1,624

Cash at bank and in hand

 

1,243

901

 

2,867

2,525

Creditors: Amounts falling due within one year

5

(114,481)

(31,949)

Net current liabilities

 

(111,614)

(29,424)

Net assets

 

136,924

147,574

Capital and reserves

 

Called up share capital

300

300

Share premium reserve

175,034

175,034

Retained earnings

(38,410)

(27,760)

Shareholders' funds

 

136,924

147,574

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

Directors' responsibilities:

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

The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 April 2025 and signed on its behalf by:
 

.........................................
J J Warren
Director

 

Matchem Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 31 July 2024

1

General information

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

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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.

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the directors and shareholders will provide such finance as is necesary to enable the company to meet its liabilities as they fall due.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable arising from sale of bloodstock 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.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website

10 years straight line commencing when the website goes live

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.

Debtors

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

 

Matchem Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 31 July 2024

Trade creditors

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

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.

Where cash is received in advance of ordinary shares being issued the amounts concerned are shown within equity as Share Capital to be issued.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3 (2023 - 3).

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 February 2023

176,998

176,998

Development costs in the year

71,540

71,540

At 31 July 2024

248,538

248,538

Amortisation

Carrying amount

At 31 July 2024

248,538

248,538

At 31 January 2023

176,998

176,998

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

114,481

31,949

 

Matchem Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 31 July 2024

6

Related party transactions

Transactions with directors

2024

At 1 February 2023
£

Advances by director
£

At 31 July 2024
£

J J Warren

Loan

(9,250)

(26,431)

(35,681)

D B Moir

Loan

(9,400)

(16,231)

(25,631)

D J L Redvers

Loan

(9,234)

(30,731)

(39,965)

2023

At 1 February 2022
£

Advances by director
£

At 31 January 2023
£

J J Warren

Loan

(1,750)

(7,500)

(9,250)

D B Moir

Loan

(1,900)

(7,500)

(9,400)

D J L Redvers

Loan

(1,734)

(7,500)

(9,234)