| Matta Global Ltd (formerly Penny Campbell Limited) |
| Registered number: |
07060515 |
| Abbreviated Balance Sheet |
| as at 30 April 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
- |
|
|
798 |
| Tangible assets |
3 |
|
|
- |
|
|
25,732 |
|
|
|
|
- |
|
|
26,530 |
|
| Current assets |
| Debtors |
|
|
113,642 |
|
|
142,320 |
| Cash at bank and in hand |
|
|
- |
|
|
18,856 |
|
|
|
113,642 |
|
|
161,176 |
|
| Creditors: amounts falling due within one year |
|
|
(120,357) |
|
|
(125,220) |
|
| Net current (liabilities)/assets |
|
|
|
(6,715) |
|
|
35,956 |
|
| Total assets less current liabilities |
|
|
|
(6,715) |
|
|
62,486 |
|
|
| Provisions for liabilities |
|
|
|
- |
|
|
(5,283) |
|
|
| Net (liabilities)/assets |
|
|
|
(6,715) |
|
|
57,203 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
5 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
(6,717) |
|
|
57,201 |
|
| Shareholders' funds |
|
|
|
(6,715) |
|
|
57,203 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr M B Campbell |
| Director |
| Approved by the board on 27 August 2015 |
|
| Matta Global Ltd (formerly Penny Campbell Limited) |
| Notes to the Abbreviated Accounts |
| for the period ended 30 April 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents amounts chargeable, net of value added tax, in respect of the provision of management consultancy and marketing services. Turnover is recognised as the consultancy activity progressess. |
|
|
Amortisation |
|
Trademarks are valued at cost. Following a impairment review the directors decided to write off the trade mark costs as they have no perceived value. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Fixtures & fittings |
20% straight line |
|
Office equipment |
20% straight line |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Leasing and hire purchase commitments |
|
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
|
Going Concern |
|
The accounts have been prepared on the going concern basis. The balance sheet shows liabilities of £6,715 as at the 30 April 2015. The directors are confident that, based on anticipated future trade, the company will have sufficient funds to continue in operation in the coming year. |
|
|
|
|
|
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2014 |
798 |
|
At 30 April 2015 |
798 |
|
|
|
|
|
|
|
|
Amortisation |
|
Provided during the period |
798 |
|
At 30 April 2015 |
798 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2015 |
- |
|
At 31 March 2014 |
798 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2014 |
59,057 |
|
Disposals |
(59,057) |
|
At 30 April 2015 |
- |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2014 |
33,325 |
|
Charge for the period |
2,833 |
|
On disposals |
(36,158) |
|
At 30 April 2015 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2015 |
- |
|
At 31 March 2014 |
25,732 |
|
|
|
|
|
|
|
|
| 4 |
Loans |
2015 |
|
2014 |
| £ |
£ |
|
Bank loans and overdrafts |
41,649 |
|
5,125 |
|
Obligations under finance lease and hire purchase contracts |
307 |
|
4,172 |
|
|
|
|
|
|
41,956 |
|
9,297 |
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
