Matt Johnson Prestige Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11297204 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

MATT JOHNSON PRESTIGE LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs N A Johnson

Mr M P Johnson

REGISTERED OFFICE:

Strawberry Lights

Abbey Road

Barrow-In-Furness

LA13 9JJ

REGISTERED NUMBER:

11297204 (England and Wales)

BANKERS:

National Westminster Bank plc

113 Dalton Road

Barrow-in-Furness

Cumbria

LA14 1WY

FIXED ASSETS

Intangible assets

4

5,233

Tangible assets

5

18,210

21,297

23,443

26,530

CURRENT ASSETS

Stocks

719,994

685,728

Debtors

172,149

66,030

Cash at bank and in hand

146,569

63,011

1,038,712

814,769

CREDITORS

Amounts falling due within one year

926,029

685,150

NET CURRENT ASSETS

112,683

129,619

TOTAL ASSETS LESS CURRENT
LIABILITIES

136,126

156,149

CREDITORS

Amounts falling due after more than one
year

4,166

54,166

NET ASSETS

131,960

101,983

CAPITAL AND RESERVES

Called up share capital

7

200

Retained earnings

131,760

101,783

SHAREHOLDERS' FUNDS

131,960

101,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2025 and were signed on its behalf by:

Mr M P Johnson - Director

1.	STATUTORY INFORMATION

Matt Johnson Prestige 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of goods and services and commissions received, excluding VAT.

Intangible assets

Licence plate has not been amortised which is a departure from Financial Reporting Standard 102 and from the

Companies Act 2006. Amortisation if provided would not have been of a material nature. The director

considers that this policy results in the financial statements showing a true and fair view.

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

-

15% on cost

Fixtures and fittings

-

15% on cost

Computer equipment

-

33% on cost

Stocks

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

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.

Grant

Grants received in connection with the purchase of tangible fixed assets are credited to reserve and released to profit and loss account in accordance with the underlying depreciation policy.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2024

and 30 April 2025

5,815

AMORTISATION

At 1 May 2024

and 30 April 2025

582

NET BOOK VALUE

At 30 April 2025

5,233

At 30 April 2024

5,233

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2024

55,754

Additions

4,716

At 30 April 2025

60,470

DEPRECIATION

At 1 May 2024

34,457

Charge for year

7,803

At 30 April 2025

42,260

NET BOOK VALUE

At 30 April 2025

18,210

At 30 April 2024

21,297

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.4.25

30.4.24

£

Within one year

64,200

Between one and five years

21,400

64,200

In more than five years

-

21,400

85,600

149,800

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

150

A Ordinary

£1

150

50

B Ordinary

£1

50

200

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

30.4.25

30.4.24

£

Mr M P Johnson

Balance outstanding at start of year

-

9,109

Amounts repaid

-

(9,109

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

Mrs N A Johnson

Balance outstanding at start of year

-

9,109

Amounts repaid

-

(9,109

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-