Material Edge Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05028398 (England and Wales)

Material Edge Limited

Unaudited Financial Statements

for the Year Ended 31 January 2022

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

C G Sullivan

L J Sullivan

Secretary:

L J Sullivan

Registered office:

High Moss House

9 Wheat Moss

Chelford

Cheshire

SK11 9SP

Registered number:

05028398 (England and Wales)

Accountants:

Warr & Co Limited

Chartered Accountants

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

Fixed assets

Tangible assets

4

11,094

14,794

Current assets

Debtors

5

2,213

6,424

Cash at bank

15,292

19,945

17,505

26,369

Creditors

Amounts falling due within one year

6

2,629

5,724

Net current assets

14,876

20,645

Total assets less current liabilities

25,970

35,439

Provisions for liabilities

2,108

2,811

Net assets

23,862

32,628

Capital and reserves

Called up share capital

2

2

Retained earnings

23,860

32,626

Shareholders' funds

23,862

32,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2022 and were signed on its behalf by:

C G Sullivan - Director

1.	Statutory information

Material Edge 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 value added tax.

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 reducing balance

Government grants

Government grants are accounted for on an accruals basis.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

The company does not operate a company pension scheme but makes contributions to a personal pension scheme of the director. Contributions payable for the year are charged in the profit and loss account.

3.	Employees and directors

The average number of employees during the year was 2 (2021 - 2 ) .

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 February 2021

and 31 January 2022

62,196

Depreciation

At 1 February 2021

47,402

Charge for year

3,700

At 31 January 2022

51,102

Net book value

At 31 January 2022

11,094

At 31 January 2021

14,794

5.

Debtors: amounts falling due within one year

31.1.22

31.1.21

£

£

Trade debtors

839

3,791

Other debtors

1,374

2,633

2,213

6,424

6.

Creditors: amounts falling due within one year

31.1.22

31.1.21

£

£

Taxation and social security

1,129

1,903

Other creditors

1,500

3,821

2,629

5,724