Accounts filed on 30-04-2016


Registered number: 9543698






MATTU NEWS LTD


ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30/04/2016
























Prepared By:
RAGAVAN AND CO LTD
CHARTERED CERTIFIED ACCOUNTANTS
240 GROVE ALNE
HANDSWORTH
BIRMINGHAM
WEST MIDLANDS
B20 2EY


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 30/04/2016

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 9543698


Registered Number: 9543698

BALANCE SHEET AT 30/04/2016

			2016
	Notes		£

FIXED ASSETS
Intangible assets	2		225,000
Tangible assets	3		14,478

			239,478

CURRENT ASSETS
Stock		51,975
Debtors (amounts falling due within one year)	4	327
Cash at bank and in hand		14,762
		67,064
CREDITORS: Amounts falling due within one year		246,367
NET CURRENT LIABILITIES			(179,303)
TOTAL ASSETS LESS CURRENT LIABILITIES			60,175

CAPITAL AND RESERVES

Called up share capital	5		100
Profit and loss account			60,075
SHAREHOLDERS' FUNDS			60,175

For the year ending 30/04/2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board on 08/10/2016 and signed on their behalf by




LAHMBER SINGH
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		straight line 10%




1c. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.




1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




1f. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.




4. DEBTORS				2016
				£

Amounts falling due within one year:
Trade debtors				327
				327




5. SHARE CAPITAL				2016
				£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each				100
				100

New shares issued during period:
100 Ordinary shares of £1 each				100
				100