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REGISTERED NUMBER: 02904399 (England and Wales)













MAT Industrial Services Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






MAT Industrial Services Limited (Registered number: 02904399)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAT Industrial Services Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: M A Turner
Mrs C Turner





SECRETARY: Mrs C Turner





REGISTERED OFFICE: Whitmore Hall Cottage
Sheppenhall Lane
Aston
Nantwich
Cheshire
CW5 8DT





REGISTERED NUMBER: 02904399 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

MAT Industrial Services Limited (Registered number: 02904399)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 9,188 11,674

CURRENT ASSETS
Stocks 113,421 23,471
Debtors 6 152,190 67,353
Investments 7 455,783 -
Cash at bank 627,275 1,515,599
1,348,669 1,606,423
CREDITORS
Amounts falling due within one year 8 265,739 430,798
NET CURRENT ASSETS 1,082,930 1,175,625
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,092,118

1,187,299

PROVISIONS FOR LIABILITIES 1,746 2,218
NET ASSETS 1,090,372 1,185,081

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,090,370 1,185,079
SHAREHOLDERS' FUNDS 1,090,372 1,185,081

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

MAT Industrial Services Limited (Registered number: 02904399)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by:





M A Turner - Director


MAT Industrial Services Limited (Registered number: 02904399)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

MAT Industrial Services 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoice value of services provided, 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
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

MAT Industrial Services Limited (Registered number: 02904399)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 43,627 12,668 32,945 89,240
Disposals - - (7,000 ) (7,000 )
At 31 March 2023 43,627 12,668 25,945 82,240
DEPRECIATION
At 1 April 2022 37,259 11,744 28,563 77,566
Charge for year 955 140 997 2,092
Eliminated on disposal - - (6,606 ) (6,606 )
At 31 March 2023 38,214 11,884 22,954 73,052
NET BOOK VALUE
At 31 March 2023 5,413 784 2,991 9,188
At 31 March 2022 6,368 924 4,382 11,674

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 152,190 60,259
Other debtors - 7,094
152,190 67,353

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Investment funds 455,783 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 251 930
Trade creditors 157,642 64,483
Taxation and social security 52,754 149,957
Other creditors 55,092 215,428
265,739 430,798