MATTU NEWS LIMITED - Accounts

MATTU NEWS LIMITED - Accounts

MATTU NEWS LIMITED - Company Information

Print Friendly Version

2022-05-01 2023-04-30 false Capium Accounts Production 1.1 09543698 bus:AbridgedAccounts 2022-05-01 2023-04-30 09543698 bus:FRS102 2022-05-01 2023-04-30 09543698 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 09543698 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 09543698 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 09543698 2022-05-01 2023-04-30 09543698 2023-04-30 09543698 bus:RegisteredOffice 2022-05-01 2023-04-30 09543698 core:WithinOneYear 2023-04-30 09543698 core:AfterOneYear 2023-04-30 09543698 bus:Director1 2022-05-01 2023-04-30 09543698 bus:Director1 2023-04-30 09543698 bus:Director1 2021-05-01 2022-04-30 09543698 2021-05-01 09543698 bus:CompanySecretary1 2022-05-01 2023-04-30 09543698 bus:LeadAgentIfApplicable 2022-05-01 2023-04-30 09543698 2021-05-01 2022-04-30 09543698 2022-04-30 09543698 core:WithinOneYear 2022-04-30 09543698 core:AfterOneYear 2022-04-30 09543698 bus:EntityAccountantsOrAuditors 2021-05-01 2022-04-30 09543698 core:FurnitureFittings 2022-05-01 2023-04-30 09543698 core:FurnitureFittings 2023-04-30 09543698 core:FurnitureFittings 2022-04-30 09543698 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-04-30 09543698 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-04-30 09543698 core:NetGoodwill 2022-05-01 2023-04-30 09543698 core:NetGoodwill 2023-04-30 09543698 core:NetGoodwill 2022-04-30 09543698 core:CostValuation core:Non-currentFinancialInstruments 2023-04-30 09543698 core:CostValuation core:Non-currentFinancialInstruments 2022-04-30 09543698 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-04-30 09543698 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-04-30 09543698 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-04-30 09543698 core:Non-currentFinancialInstruments 2023-04-30 09543698 core:Non-currentFinancialInstruments 2022-04-30 09543698 core:ShareCapital 2023-04-30 09543698 core:ShareCapital 2022-04-30 09543698 core:RetainedEarningsAccumulatedLosses 2023-04-30 09543698 core:RetainedEarningsAccumulatedLosses 2022-04-30 09543698 dpl:Item1 2022-05-01 09543698 dpl:Item1 2023-04-30 09543698 dpl:Item1 2021-05-01 09543698 dpl:Item1 2022-04-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 09543698
England and Wales

 

 

 

MATTU NEWS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 May 2022

End date: 30 April 2023

MATTU NEWS LIMITED
Contents Page
For the year ended 30 April 2023
Report to the directors on the preparation of the unaudited statutory accounts of MATTU NEWS LIMITED for the year ended 30 April 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MATTU NEWS LIMITED for the year ended 30 April 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of MATTU NEWS LIMITED, as a body, in accordance with the terms of our engagement letter dated 02 May 2015 Our work has been undertaken solely to prepare for your approval the accounts of MATTU NEWS LIMITED and state those matters that we have agreed to state to the Board of Directors of MATTU NEWS LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MATTU NEWS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MATTU NEWS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of MATTU NEWS LIMITED. You consider that MATTU NEWS LIMITED is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of MATTU NEWS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
30 April 2023



....................................................
RAGAVAN AND CO LTD
CHARTERED CERTIFIED ACCOUNTANTS
240 GROVE LANE
BIRMINGHAM
WEST MIDLANDS
B20 2EY
12 July 2023
1
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Intangible fixed assets 3 0    225,000 
Tangible fixed assets 4 0    16,197 
0    241,197 
Current assets      
Stocks 0    87,595 
Debtors 258    215 
Cash at bank and in hand 259,694    68,578 
259,952    156,388 
Creditors: amount falling due within one year (20,914)   (69,750)
Net current assets 239,038    86,638 
 
Total assets less current liabilities 239,038    327,835 
Provisions for liabilities 0    (22)
Net assets 239,038    327,813 
 

Capital and reserves 		     
Called up share capital 105    105 
Profit and loss account 238,933    327,708 
Shareholder's funds 239,038    327,813 
 


For the year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 12 July 2023 and were signed by:


-------------------------------
LAHMBER SINGH
Director
2
General Information
MATTU NEWS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09543698, registration address 4 PEACOCK ROAD, WEDNESBURY, WEST MIDLANDS, WS10 8PR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
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:
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 9 (2022 : 9).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 May 2022 225,000    225,000 
Additions -    - 
Disposals (225,000)   (225,000)
At 30 April 2023 -    - 
Amortisation
At 01 May 2022 -    - 
Charge for year -    - 
On disposals -    - 
At 30 April 2023 -    - 
Net book values
At 30 April 2023 -    - 
At 30 April 2022 225,000    225,000 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 May 2022 29,176    29,176 
Additions 5,800    5,800 
Disposals (34,976)   (34,976)
At 30 April 2023 -    - 
Depreciation
At 01 May 2022 12,979    12,979 
Charge for year 1,800    1,800 
On disposals (14,779)   (14,779)
At 30 April 2023 -    - 
Net book values
Closing balance as at 30 April 2023 -    - 
Opening balance as at 01 May 2022 16,197    16,197 


3