| MATEELA SOLUTIONS LTD |
| Notes to the Accounts |
| for the period from 6 August 2024 to 31 August 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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Directors’ Current Account (Intercompany / Personal Transactions) |
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During the year, the Company received funds amounting to £280,324.80 from MATEELA SOLUTIONS LLC, a company registered in the United States of America.
This amount represents a non-trading capital transfer authorised by the director as a director’s account sanction, and is therefore classified as a loan / capital contribution from the director. The transaction is not related to trading income and is not taxable under UK corporation tax legislation.
At the reporting date, after accounting for company expenditure and settlements made on behalf of the director, an amount of £5,956 remained payable to the director. Accordingly, this balance has been shown under Current Liabilities – Amounts Owed to Director (Creditor) in the Statement of Financial Position.
No interest has been charged on this balance, and no formal repayment terms have been stipulated as at the reporting date. The amount will either be repaid or adjusted against future drawings or remuneration, subject to board approval. |
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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| 2 |
Employees |
2025 |
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| Number |
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Average number of persons employed by the company |
0 |
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| 3 |
Creditors: amounts falling due within one year |
2025 |
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| £ |
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Other creditors |
6,361 |
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| 4 |
Other information |
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MATEELA SOLUTIONS LTD is a private company limited by shares and incorporated in England. Its registered office is: |
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85 Great Portland Street, First Floor, |
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London, |
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United Kingdom |
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W1W 7LT |