Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30falsetrue52022-05-01Building, plumbing and joinery5trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05644025 2022-05-01 2023-04-30 05644025 2021-05-01 2022-04-30 05644025 2023-04-30 05644025 2022-04-30 05644025 2021-05-01 05644025 c:Director1 2022-05-01 2023-04-30 05644025 d:PlantMachinery 2022-05-01 2023-04-30 05644025 d:PlantMachinery 2023-04-30 05644025 d:PlantMachinery 2022-04-30 05644025 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 05644025 d:MotorVehicles 2022-05-01 2023-04-30 05644025 d:MotorVehicles 2023-04-30 05644025 d:MotorVehicles 2022-04-30 05644025 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 05644025 d:OfficeEquipment 2022-05-01 2023-04-30 05644025 d:OfficeEquipment 2023-04-30 05644025 d:OfficeEquipment 2022-04-30 05644025 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 05644025 d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 05644025 d:Goodwill 2023-04-30 05644025 d:Goodwill 2022-04-30 05644025 d:CurrentFinancialInstruments 2023-04-30 05644025 d:CurrentFinancialInstruments 2022-04-30 05644025 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 05644025 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 05644025 d:ShareCapital 2023-04-30 05644025 d:ShareCapital 2022-04-30 05644025 d:CapitalRedemptionReserve 2023-04-30 05644025 d:CapitalRedemptionReserve 2022-04-30 05644025 d:RetainedEarningsAccumulatedLosses 2023-04-30 05644025 d:RetainedEarningsAccumulatedLosses 2022-04-30 05644025 c:FRS102 2022-05-01 2023-04-30 05644025 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 05644025 c:FullAccounts 2022-05-01 2023-04-30 05644025 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 05644025 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 05644025 d:AcceleratedTaxDepreciationDeferredTax 2022-04-30 05644025 d:OtherDeferredTax 2023-04-30 05644025 d:OtherDeferredTax 2022-04-30 05644025 d:Goodwill d:OwnedIntangibleAssets 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 05644025










LB & J MATHER LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

 
LB & J MATHER LIMITED
REGISTERED NUMBER: 05644025

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
8,700
11,600

Tangible assets
 5 
16,690
7,542

  
25,390
19,142

Current assets
  

Stocks
  
29,223
20,849

Debtors: amounts falling due within one year
 6 
92,563
163,704

Cash at bank and in hand
  
216,081
98,639

  
337,867
283,192

Creditors: amounts falling due within one year
 7 
(108,939)
(130,558)

Net current assets
  
 
 
228,928
 
 
152,634

Total assets less current liabilities
  
254,318
171,776

Provisions for liabilities
  

Deferred tax
 8 
(4,127)
(1,389)

Net assets
  
250,191
170,387


Capital and reserves
  

Called up share capital 
  
1
1

Capital redemption reserve
  
1
1

Profit and loss account
  
250,189
170,385

  
250,191
170,387


Page 1

 
LB & J MATHER LIMITED
REGISTERED NUMBER: 05644025
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 November 2023.




D Beckett
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
LB & J MATHER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

LB & J Mather Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 05644025). Its registered office is Pear Tree Cottage, Locko Lane, Pilsley, Chesterfield, Derbyshire, S45 8AW. The principal activity of the Company throughout the year continued to be that of building, plumbing and joinery. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

  
2.3

Intangible fixed assets

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Income and Retained Earnings over its useful economic life of 20 years.
 

Page 3

 
LB & J MATHER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The depreciation rates used are:

Plant and machinery
-
25%
reducing balance / 2% straight line
Motor vehicles
-
25%
reducing balance
Office equipment
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.
At each Balance Sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings.

 
2.6

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 4

 
LB & J MATHER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that: 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).

Page 5

 
LB & J MATHER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 May 2022
58,000



At 30 April 2023

58,000



Amortisation


At 1 May 2022
46,400


Charge for the year on owned assets
2,900



At 30 April 2023

49,300



Net book value



At 30 April 2023
8,700



At 30 April 2022
11,600



Page 6

 
LB & J MATHER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost


At 1 May 2022
13,187
17,079
709
30,975


Additions
1,760
12,495
-
14,255


Disposals
-
(4,650)
-
(4,650)



At 30 April 2023

14,947
24,924
709
40,580



Depreciation


At 1 May 2022
8,594
14,695
144
23,433


Charge for the year on owned assets
789
2,854
85
3,728


Disposals
-
(3,271)
-
(3,271)



At 30 April 2023

9,383
14,278
229
23,890



Net book value



At 30 April 2023
5,564
10,646
480
16,690



At 30 April 2022
4,593
2,384
565
7,542


6.


Debtors

2023
2022
£
£


Trade debtors
87,663
154,589

Other debtors
-
216

Prepayments
4,900
4,462

Tax recoverable
-
4,437

92,563
163,704


Page 7

 
LB & J MATHER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
37,724
32,084

Corporation tax
18,689
-

Other taxation and social security
13,053
52,368

Other creditors
39,473
46,106

108,939
130,558



8.


Deferred taxation




2023
2022


£

£






At beginning of year
1,389
1,336


Charged to Statement of Income and Retained Earnings
2,738
53



At end of year
4,127
1,389

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
4,173
1,433

Provisions
(46)
(44)

4,127
1,389


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,952 (2022: £2,062). Contributions totalling £185 (2022: £232) were payable to the fund at the Balance Sheet date and are included in creditors.

 
Page 8