Mr Matthew Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08500623 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2016

for

Mr Matthew Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M Swabey

Mrs M Swabey

REGISTERED OFFICE:

8-10 South Street

Epsom

Surrey

KT18 7PF

REGISTERED NUMBER:

08500623 (England and Wales)

ACCOUNTANTS:

Williams & Co

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Tangible assets

2

11,206

6,091

CURRENT ASSETS

Stocks

80,143

73,044

Debtors

12,215

14,533

Cash at bank and in hand

57,525

40,321

149,883

127,898

CREDITORS

Amounts falling due within one year

95,669

81,481

NET CURRENT ASSETS

54,214

46,417

TOTAL ASSETS LESS CURRENT LIABILITIES

65,420

52,508

CREDITORS

Amounts falling due after more than one year

-

1,110

NET ASSETS

65,420

51,398

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

65,320

51,298

SHAREHOLDERS' FUNDS

65,420

51,398

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 23 February 2017 and were signed on its behalf by:

Mrs M Swabey - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, 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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

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

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

9,995

Additions

7,810

At 30 June 2016

17,805

DEPRECIATION

At 1 July 2015

3,904

Charge for year

2,695

At 30 June 2016

6,599

NET BOOK VALUE

At 30 June 2016

11,206

At 30 June 2015

6,091

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100