Accounts filed on 30-04-2018


Registered number: 9543698






MATTU NEWS LTD


ACCOUNTS

FOR THE YEAR ENDED 30/04/2018
























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


ACCOUNTS
FOR THE YEAR ENDED 30/04/2018





DIRECTORS
LAHMBER SINGH


REGISTERED OFFICE
4 PEACOCK ROAD
WEDNESBURY
WEST MIDLANDS
WS10 8PR


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 9543698



BANKERS
HSBC BANK PLC



ACCOUNTANTS
RAGAVAN AND CO LTD
CHARTERED CERTIFIED ACCOUNTANTS
240 GROVE LANE
BIRMINGHAM
WEST MIDLANDS
B20 2EY


ACCOUNTS
FOR THEYEARENDED30/04/2018



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 30/04/2018

			2018		2017
	Notes		£		£

FIXED ASSETS
Intangible assets	2		225,000		225,000
Tangible assets	3		11,260		12,869

			236,260		237,869

CURRENT ASSETS
Stock		63,025		58,450
Debtors	5	215		360
Cash at bank and in hand		56,979		65,153
		120,219		123,963
CREDITORS: Amounts falling due within one year	6	213,966		256,025
NET CURRENT LIABILITIES			(93,747)		(132,062)
TOTAL ASSETS LESS CURRENT LIABILITIES			142,513		105,807

CAPITAL AND RESERVES

Called up share capital	8		100		100
Profit and loss account			142,413		105,707
SHAREHOLDERS' FUNDS			142,513		105,807

For the year ending 30/04/2018 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 22/10/2018 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.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




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
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. 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.




5. DEBTORS	2018	2017
	£	£
Amounts falling due within one year
Trade debtors	215	360
	215	360




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2018	2017
	£	£
UK corporation tax	12,181	15,115
VAT	2,366	1,957
PAYE control	2,273	1,877
Directors current account	183,524	234,455
Trade creditors	12,672	1,671
Accruals	950	950
	213,966	256,025




8. SHARE CAPITAL	2018	2017
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100

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