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Registered number: 7365596
Matse Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Steiner & Co.
50 Cowick Street
Exeter
Devon
EX4 1AP
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 7365596
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 19,565 19,565
19,565 19,565
CURRENT ASSETS
Debtors 6 - 9
Cash at bank and in hand 29 572
29 581
Creditors: Amounts Falling Due Within One Year 7 (129,493 ) (126,113 )
NET CURRENT ASSETS (LIABILITIES) (129,464 ) (125,532 )
TOTAL ASSETS LESS CURRENT LIABILITIES (109,899 ) (105,967 )
NET LIABILITIES (109,899 ) (105,967 )
CAPITAL AND RESERVES
Called up share capital 8 50 50
Profit and Loss Account (109,949 ) (106,017 )
SHAREHOLDERS' FUNDS (109,899) (105,967)
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr C J WATSON
Director
26th June 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Matse Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 7365596 . The registered office is 50 Cowick Street, Exeter, Devon, EX4 1AP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Research and Development
Expenditure on research and development is written off in the year it is incurred, except where the directors are satisfied that development expenditure incurred on an individual project is carried forward as permitted by FRS102 when its future recoverability can be regarded as assured. The expenditure carried forward is treated as an intangible fixed asset and will be amortised over its estimated economic life of five Years so as to match the expenditure with future sales from the related project.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 20% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Intangible Assets
Development Costs
£
Cost
As at 1 October 2023 19,565
As at 30 September 2024 19,565
Net Book Value
As at 30 September 2024 19,565
As at 1 October 2023 19,565
Page 2
Page 3
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 October 2023 1,456 595 2,051
As at 30 September 2024 1,456 595 2,051
Depreciation
As at 1 October 2023 1,456 595 2,051
As at 30 September 2024 1,456 595 2,051
Net Book Value
As at 30 September 2024 - - -
As at 1 October 2023 - - -
6. Debtors
2024 2023
£ £
Due within one year
VAT - 9
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 480 480
Director's loan account 63,085 61,820
Matse Builders Ltd 65,928 63,813
129,493 126,113
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50 50
9. Ultimate Controlling Party
The company's ultimate controlling party is the director by virtue of his ownership of 100% of the issued share capital in the company.
Page 3