Relate AccountsProduction v2.7.2 v2.7.2 2022-07-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is steel erection, fabricating services and engineering. 31 January 2024 3 3 NI064092 2023-06-30 NI064092 2022-06-30 NI064092 2021-06-30 NI064092 2022-07-01 2023-06-30 NI064092 2021-07-01 2022-06-30 NI064092 uk-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 NI064092 uk-curr:PoundSterling 2022-07-01 2023-06-30 NI064092 uk-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 NI064092 uk-bus:FullAccounts 2022-07-01 2023-06-30 NI064092 uk-bus:Director1 2022-07-01 2023-06-30 NI064092 uk-bus:Director2 2022-07-01 2023-06-30 NI064092 uk-bus:CompanySecretary1 2022-07-01 2023-06-30 NI064092 uk-bus:RegisteredOffice 2022-07-01 2023-06-30 NI064092 uk-bus:Agent1 2022-07-01 2023-06-30 NI064092 uk-core:ShareCapital 2023-06-30 NI064092 uk-core:ShareCapital 2022-06-30 NI064092 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 NI064092 uk-core:RetainedEarningsAccumulatedLosses 2022-06-30 NI064092 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-06-30 NI064092 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-06-30 NI064092 uk-bus:FRS102 2022-07-01 2023-06-30 NI064092 uk-core:Goodwill 2022-07-01 2023-06-30 NI064092 uk-core:LandBuildings 2022-07-01 2023-06-30 NI064092 uk-core:PlantMachinery 2022-07-01 2023-06-30 NI064092 uk-core:FurnitureFittingsToolsEquipment 2022-07-01 2023-06-30 NI064092 uk-core:MotorVehicles 2022-07-01 2023-06-30 NI064092 uk-core:Goodwill 2022-06-30 NI064092 uk-core:Goodwill 2023-06-30 NI064092 uk-core:CurrentFinancialInstruments 2023-06-30 NI064092 uk-core:CurrentFinancialInstruments 2022-06-30 NI064092 uk-core:WithinOneYear 2023-06-30 NI064092 uk-core:WithinOneYear 2022-06-30 NI064092 2022-07-01 2023-06-30 NI064092 uk-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI064092
 
 
Brian Matchett & Sons Limited
 
Unaudited Financial Statements
 
for the financial year ended 30 June 2023
Brian Matchett & Sons Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Brian Matchett
Ryan Matchett
 
 
Company Secretary Rosemary Matchett
 
 
Company Registration Number NI064092
 
 
Registered Office and Business Address 57 Derryhirk Road
Dungannon
Co. Tyrone
BT71 6NH
United Kingdom
 
 
Accountants MG accountants
(Portadown)
25-27 Carleton Street
Portadown
Co. Armagh
BT62 3EP
Northern Ireland
 
 
Bankers Danske Bank
  45-48 High St
  Portadown
  Co. Armagh
  United Kingdom



Brian Matchett & Sons Limited
Company Registration Number: NI064092
BALANCE SHEET
as at 30 June 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 5 121,263 104,233
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Current Assets
Stocks 6 138,000 149,000
Debtors 7 69,672 124,980
Cash and cash equivalents 173,445 125,875
───────── ─────────
381,117 399,855
───────── ─────────
Creditors: amounts falling due within one year 8 (141,749) (251,614)
───────── ─────────
Net Current Assets 239,368 148,241
───────── ─────────
Total Assets less Current Liabilities 360,631 252,474
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 360,531 252,374
───────── ─────────
Equity attributable to owners of the company 360,631 252,474
═════════ ═════════
 
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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 31 January 2024 and signed on its behalf by
           
________________________________          
Brian Matchett          
Director          
           



Brian Matchett & Sons Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 June 2023

   
1. General Information
 
Brian Matchett & Sons is a company limited by shares incorporated in Northern Ireland.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 June 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of services supplied by the company, exclusive of value added tax. The company recognises turnover when the amount of revenue, costs and stage of completion can be measured reliably and the customer or the customers representatives approves the extent of works completed.
 
Construction Contracts
Results on long term contracts are recognised in accordance with section 23, revenue of FRS 102.

When the outcome of a construction contract can be estimated reliably, the company recognises contract revenue and contract costs as revenue and expenses respectively by reference to the stage of completion of the contract activity at the end of the reporting period; this is generally estimated in the form of architects or quantity surveyors agreed valuation certificates and includes a profit element.

The profit or losses on contracts are calculated by applying percentage completion method. The completion percentage is based on comparing the costs incurred with the value of work executed. Such value includes estimates of uncertified amount and claims.

The company will review and when necessary revise the estimates of revenue and costs as the construction contract progresses.

When it is probable that total contract costs will exceed total contract revenue on a construction contract, the expected loss shall be recognised as an expense immediately with a corresponding provision for an onerous contract.
 
Intangible assets
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 10 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 2% Straight line
  Plant and machinery - 15 % Reducing Balance
  Fixtures, fittings and equipment - 25% Reducing Balance
  Motor vehicles - 25% straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Work in progress includes cost of materials and labour and is valued at the lower of cost and net realisable value.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 3, (2022 - 3).
 
  2023 2022
  Number Number
 
Employees 3 3
  ═════════ ═════════
       
4. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 July 2022 40,000 40,000
  ───────── ─────────
 
At 30 June 2023 40,000 40,000
  ───────── ─────────
Amortisation
 
At 30 June 2023 40,000 40,000
  ───────── ─────────
Net book value
At 30 June 2023 - -
  ═════════ ═════════
             
5. Tangible assets
  Land and Plant and Fixtures, Motor Total
  buildings machinery fittings and vehicles  
  freehold   equipment    
  £ £ £ £ £
Cost
At 1 July 2022 21,802 150,900 391 - 173,093
Additions - 4,400 - 47,800 52,200
Disposals - (28,530) - - (28,530)
  ───────── ───────── ───────── ───────── ─────────
At 30 June 2023 21,802 126,770 391 47,800 196,763
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 July 2022 4,108 64,368 384 - 68,860
Charge for the financial year 436 12,026 1 11,950 24,413
On disposals - (17,773) - - (17,773)
  ───────── ───────── ───────── ───────── ─────────
At 30 June 2023 4,544 58,621 385 11,950 75,500
  ───────── ───────── ───────── ───────── ─────────
Net book value
At 30 June 2023 17,258 68,149 6 35,850 121,263
  ═════════ ═════════ ═════════ ═════════ ═════════
At 30 June 2022 17,694 86,532 7 - 104,233
  ═════════ ═════════ ═════════ ═════════ ═════════
       
6. Stocks 2023 2022
  £ £
 
Work in progress 138,000 149,000
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
7. Debtors 2023 2022
  £ £
 
Trade debtors 64,343 110,254
Taxation  (Note 9) 3,353 12,750
Prepayments and accrued income 1,976 1,976
  ───────── ─────────
  69,672 124,980
  ═════════ ═════════
       
8. Creditors 2023 2022
Amounts falling due within one year £ £
 
Trade creditors 83,645 186,960
Taxation  (Note 9) 54,115 36,933
Directors' current accounts 1,229 24,961
Other creditors 1,250 1,250
Accruals 1,510 1,510
  ───────── ─────────
  141,749 251,614
  ═════════ ═════════
       
9. Taxation 2023 2022
  £ £
 
Debtors:
VAT 3,353 12,750
  ═════════ ═════════
Creditors:
Corporation tax 45,713 30,517
PAYE / NI 8,402 6,416
  ───────── ─────────
  54,115 36,933
  ═════════ ═════════