Matthiesen Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01356180 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2020

FOR

MATTHIESEN LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

P Matthiesen

SECRETARY:

Ms E Mallet

REGISTERED OFFICE:

7-8 Mason's Yard

Duke Street

London

SW1Y 6BU

REGISTERED NUMBER:

01356180 (England and Wales)

ACCOUNTANTS:

Melinek Fine LLP

Chartered Accountants

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

FIXED ASSETS

Tangible assets

4

1,194

2,408

CURRENT ASSETS

Stocks

4,664,093

2,066,720

Debtors

5

503,138

279,665

Investments

6

2,000

2,000

Cash at bank

3,466,896

5,248,766

8,636,127

7,597,151

CREDITORS

Amounts falling due within one year

7

630,954

505,087

NET CURRENT ASSETS

8,005,173

7,092,064

TOTAL ASSETS LESS CURRENT LIABILITIES

8,006,367

7,094,472

CAPITAL AND RESERVES

Called up share capital

750

750

Capital redemption reserve

8

250

250

Profit and loss account

8

8,005,367

7,093,472

SHAREHOLDERS' FUNDS

8,006,367

7,094,472

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 October 2020 and were signed by:

P Matthiesen - Director

1.	STATUTORY INFORMATION

Matthiesen Limited 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.

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 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

-

25% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2019

and 31 May 2020

8,556

DEPRECIATION

At 1 June 2019

6,148

Charge for year

1,214

At 31 May 2020

7,362

NET BOOK VALUE

At 31 May 2020

1,194

At 31 May 2019

2,408

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

57,507

94,664

Other debtors

445,631

185,001

503,138

279,665

6.	CURRENT ASSET INVESTMENTS

2020

2019

£

£

Listed investments

2,000

2,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

3

-

Trade creditors

105,579

48,211

Taxation and social security

246,602

272,503

Other creditors

278,770

184,373

630,954

505,087

8.

RESERVES

Profit

Capital

and loss

redemption

account

reserve

Totals

£

£

£

At 1 June 2019

7,093,472

250

7,093,722

Profit for the year

1,034,395

1,034,395

Dividends

(122,500

)

(122,500

)

At 31 May 2020

8,005,367

250

8,005,617