General Information
Matty's Kitchen Ltd is a private company, limited by shares, registered in England and Wales, registration number 13075298, registration address Office 10, Unit 1, 465C Hornsey Road, N19 4DR.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
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)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
25% Straight Line
|
| Fixtures and Fittings |
25% Straight Line
|
| Computer Equipment |
33% Reducing Balance
|
| Improvements to property |
in accordance with the property Straight Line |
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 12 (2025 : 13).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Improvements to property |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 April 2025 |
43,451 |
|
14,272 |
|
2,249 |
|
205,951 |
|
265,923 |
| Additions |
506 |
|
382 |
|
306 |
|
- |
|
1,194 |
| Disposals |
- |
|
- |
|
- |
|
- |
|
- |
| At 31 March 2026 |
43,957 |
|
14,654 |
|
2,555 |
|
205,951 |
|
267,117 |
| Depreciation |
| At 01 April 2025 |
17,313 |
|
11,469 |
|
1,239 |
|
63,270 |
|
93,291 |
| Charge for year |
6,549 |
|
2,408 |
|
305 |
|
20,595 |
|
29,857 |
| On disposals |
- |
|
- |
|
- |
|
- |
|
- |
| At 31 March 2026 |
23,862 |
|
13,877 |
|
1,544 |
|
83,865 |
|
123,148 |
| Net book values |
| Closing balance as at 31 March 2026 |
20,095 |
|
777 |
|
1,011 |
|
122,086 |
|
143,969 |
| Opening balance as at 01 April 2025 |
26,138 |
|
2,803 |
|
1,010 |
|
142,666 |
|
172,617 |
|
| 4. |
Stocks
|
2026
£ |
|
2025
£ |
| Stocks |
3,539 |
|
5,058 |
|
3,539 |
|
5,058 |
|
| 5. |
Debtors: amounts falling due within one year
|
2026
£ |
|
2025
£ |
| Trade Debtors |
4,292 |
|
562 |
| Prepayments & Accrued Income |
14,643 |
|
6,993 |
| Deposits paid |
12,990 |
|
12,990 |
| Directors' Current Accounts |
226 |
|
0 |
|
32,151 |
|
20,545 |
|
| 6. |
Creditors: amount falling due within one year
|
2026
£ |
|
2025
£ |
| Trade Creditors |
11,716 |
|
781 |
| Corporation Tax |
35,615 |
|
27,950 |
| PAYE & Social Security |
5,530 |
|
4,459 |
| Accrued Expenses |
7,877 |
|
1,266 |
| Wages & Salaries Control Account |
(100) |
|
0 |
| Pension Control Account |
1,052 |
|
602 |
| Directors' Current Accounts |
0 |
|
4,570 |
| VAT |
9,594 |
|
11,216 |
|
71,284 |
|
50,844 |
|
| 7. |
Provisions for liabilities
|
2026
£ |
|
2025
£ |
| Deferred Tax |
35,992 |
|
43,158 |
|
35,992 |
|
43,158 |
|
| 8. |
Share Premium Account
|
2026
£ |
|
2025
£ |
| Equity Share Premium b/fwd |
149,983 |
|
149,983 |
|
149,983 |
|
149,983 |
|
| 9. |
Advances and Credits
Director's Advances, Credits and Guarantees The balance shown as Director's Current Accounts under debtors of £226 (2025: a credit balance of £4,570) has no fixed date for repayment, is repayable upon demand and is non-interest bearing. | Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| Director's Advances, Credits and Guarantees | (4,570) | | 98,663 | | 0 | | 93,867 | | 0 | | 0 | | 226 | | (4,570) | | 98,663 | | 0 | | 93,867 | | 0 | | 0 | | 226 |
| Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| Director's Advances, Credits and Guarantees | 845 | | 91,025 | | 0 | | 96,440 | | 0 | | 0 | | (4,570) | | 845 | | 91,025 | | 0 | | 96,440 | | 0 | | 0 | | (4,570) |
|
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