Funding Matters Limited - Filleted accounts

Funding Matters Limited - Filleted accounts

FUNDING MATTERS LIMITED - Company Information

Print Friendly Version

Registered number
04984772
Funding Matters Limited
Filleted Accounts
31 December 2022
Funding Matters Limited
Registered number: 04984772
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 462 578
Current assets
Debtors 4 30,594 17,600
Cash at bank and in hand 1,067 3,625
31,661 21,225
Creditors: amounts falling due within one year 5 (27,454) (20,761)
Net current assets 4,207 464
Net assets 4,669 1,042
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,569 942
Shareholder's funds 4,669 1,042
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr Christine Stokes
Director
Approved by the board on 11 August 2023
Funding Matters Limited
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2022 6,724
At 31 December 2022 6,724
Depreciation
At 1 January 2022 6,146
Charge for the year 116
At 31 December 2022 6,262
Net book value
At 31 December 2022 462
At 31 December 2021 578
4 Debtors 2022 2021
£ £
Trade debtors 30,594 17,600
5 Creditors: amounts falling due within one year 2022 2021
£ £
Taxation and social security costs 26,704 20,011
Other creditors 750 750
27,454 20,761
6 Other information
Funding Matters Limited is a private company limited by shares and incorporated in England. Its registered office is:
88 Stanwell Road
Penarth
Vale of Glamorgan
CF64 3LP
Funding Matters Limited 04984772 false 2022-01-01 2022-12-31 2022-12-31 VT Final Accounts April 2022 Dr Christine Stokes No description of principal activity 04984772 2021-01-01 2021-12-31 04984772 core:WithinOneYear 2021-12-31 04984772 core:ShareCapital 2021-12-31 04984772 core:RetainedEarningsAccumulatedLosses 2021-12-31 04984772 2022-01-01 2022-12-31 04984772 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 04984772 bus:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 04984772 bus:Director40 2022-01-01 2022-12-31 04984772 1 2022-01-01 2022-12-31 04984772 2 2022-01-01 2022-12-31 04984772 core:PlantMachinery 2022-01-01 2022-12-31 04984772 countries:England 2022-01-01 2022-12-31 04984772 bus:FRS102 2022-01-01 2022-12-31 04984772 bus:FullAccounts 2022-01-01 2022-12-31 04984772 2022-12-31 04984772 core:WithinOneYear 2022-12-31 04984772 core:ShareCapital 2022-12-31 04984772 core:RetainedEarningsAccumulatedLosses 2022-12-31 04984772 core:PlantMachinery 2022-12-31 04984772 2021-12-31 04984772 core:PlantMachinery 2021-12-31 iso4217:GBP xbrli:pure