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REGISTERED NUMBER: SC421287 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 OCTOBER 2023 TO 3 SEPTEMBER 2024

FOR

MATHIS LTD.

MATHIS LTD. (REGISTERED NUMBER: SC421287)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 October 2023 to 3 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MATHIS LTD.

COMPANY INFORMATION
for the Period 1 October 2023 to 3 September 2024







DIRECTOR: Dr M Heydtmann



REGISTERED OFFICE: 6 Miller road
Ayr
KA7 2AY



REGISTERED NUMBER: SC421287 (Scotland)



ACCOUNTANTS: K M Stewart & Company
6 Miller Road
Ayr
KA7 2AY



BANKERS: Santander
Customer Service Centre
Bootle
Merseyside
L30 4GB

MATHIS LTD. (REGISTERED NUMBER: SC421287)

STATEMENT OF FINANCIAL POSITION
3 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,129 2,665

CURRENT ASSETS
Debtors 5 369,673 399,134
Cash at bank - 7,544
369,673 406,678
CREDITORS
Amounts falling due within one year 6 - 34,494
NET CURRENT ASSETS 369,673 372,184
TOTAL ASSETS LESS CURRENT
LIABILITIES

370,802

374,849

PROVISIONS FOR LIABILITIES - 506
NET ASSETS 370,802 374,343

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 370,702 374,243
SHAREHOLDERS' FUNDS 370,802 374,343

MATHIS LTD. (REGISTERED NUMBER: SC421287)

STATEMENT OF FINANCIAL POSITION - continued
3 September 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 3 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 3 September 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.

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 29 November 2024 and were signed by:





Dr M Heydtmann - Director


MATHIS LTD. (REGISTERED NUMBER: SC421287)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 October 2023 to 3 September 2024

1. STATUTORY INFORMATION

Mathis Ltd. is a private company, limited by shares , registered in Scotland. 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.

Functional currency
The financial statements are presented in British Pounds Sterling which is the functional currency. Figures are shown to the nearest whole pound.

Significant judgements and estimates
The preparation of financial statements requires the use of certain accounting estimates . It also requires the Directors to exercise judgement in applying the Companies Accounting policies. The areas requiring a higher degree of judgement, or complexity, and areas where assumptions or estimates are most significant to the financial statements, are disclosed below:

Estimation Uncertainty

Useful life of properties, plant and equipment
The Company assesses the useful life of its properties, plant and equipment and estimates the annual charge to be depreciated based on this.

Recoverability of Debtors
The Company assesses the recoverability of Debtors on an individual basis, taking into consideration payment history, and perceived liquidity. Where it is considered that there is a higher than normal risk to the recoverability of these, provision is made against the recoverability of these debts.

Key Judgements made in the application of Accounting Policies
a) Exemptions taken in the application of FRS 102
The Company has considered and taken advantage of the following exemptions in its application of FRS 102:
i) The Company has not revisited previous accounting estimates.

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

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 etc - Straight line over 3 years

Financial instruments
Classification
The Company believes all financial instruments are Basic Financial Instruments. Therefore, the Company recognises these in accordance with Section 11 of the Financial Reporting Standard.

Recognition and measurement
The company's debt instruments are measured at amortised cost using the effective interest rate method.

Impairment
Financial instruments are reviewed annually for impairment.


MATHIS LTD. (REGISTERED NUMBER: SC421287)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 October 2023 to 3 September 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2023
and 3 September 2024 25,185
DEPRECIATION
At 1 October 2023 22,520
Charge for period 1,536
At 3 September 2024 24,056
NET BOOK VALUE
At 3 September 2024 1,129
At 30 September 2023 2,665

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 369,673 399,134

MATHIS LTD. (REGISTERED NUMBER: SC421287)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 October 2023 to 3 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 24,448
Other creditors - 10,046
- 34,494

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 October 2023 374,242
Deficit for the period (3,540 )
At 3 September 2024 370,702

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 3 September 2024 and the year ended 30 September 2023:

2024 2023
£    £   
Dr M Heydtmann
Balance outstanding at start of period 79,134 50,904
Amounts advanced 20,005 107,392
Amounts repaid (49,466 ) (79,162 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 49,673 79,134