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REGISTERED NUMBER: 07920899 (England and Wales)












Jack Matthews Limited

Unaudited Financial Statements

for the Year Ended 31 January 2023






Jack Matthews Limited (Registered number: 07920899)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Jack Matthews Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: J L Matthews





SECRETARY: Mrs H L Matthews





REGISTERED OFFICE: Unit 1, Goat Lees
Trinity Road
Kennington
Ashford
Kent
TN25 4AB





BUSINESS ADDRESS: Woodside House
Exted
Elham
Canterbury
Kent
CT4 6YG





REGISTERED NUMBER: 07920899 (England and Wales)





ACCOUNTANTS: Edwards & Co
Chartered Accountants
Unit 1, Goat Lees
Trinity Road
Ashford
Kent
TN25 4AB

Jack Matthews Limited (Registered number: 07920899)

Statement of Financial Position
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 630 840

CURRENT ASSETS
Inventories 12,500 10,900
Debtors 5 46,268 38,222
Cash at bank and in hand 1,360 32,997
60,128 82,119
CREDITORS
Amounts falling due within one year 6 34,536 46,125
NET CURRENT ASSETS 25,592 35,994
TOTAL ASSETS LESS CURRENT LIABILITIES 26,222 36,834

CREDITORS
Amounts falling due after more than one
year

7

25,785

35,656
NET ASSETS 437 1,178

CAPITAL AND RESERVES
Called up share capital 250 250
Retained earnings 187 928
SHAREHOLDERS' FUNDS 437 1,178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Jack Matthews Limited (Registered number: 07920899)

Statement of Financial Position - continued
31 January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 October 2023 and were signed by:





J L Matthews - Director


Jack Matthews Limited (Registered number: 07920899)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Jack Matthews Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income recognition
Income represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.
In respect of work in progress and finished goods, cost includes an appropriate proportion of attributable overheads according to the stage of manufacture/completion.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable which are measured at fair value, with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Jack Matthews Limited (Registered number: 07920899)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 4,613
DEPRECIATION
At 1 February 2022 3,773
Charge for year 210
At 31 January 2023 3,983
NET BOOK VALUE
At 31 January 2023 630
At 31 January 2022 840

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 46,268 38,222

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,409 9,626
Trade creditors 14,276 24,542
Taxation and social security 4,648 9,258
Other creditors 4,203 2,699
34,536 46,125

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 25,785 35,656

8. LEASING AGREEMENTS
The company had total commitments under non-cancellable operating leases at the balance sheet date of £3,268.

Jack Matthews Limited (Registered number: 07920899)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
J L Matthews
Balance outstanding at start of year 26,033 21,888
Amounts advanced 8,572 23,934
Amounts repaid (8,572 ) (19,789 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,033 26,033