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REGISTERED NUMBER: 06958454 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

RJ & EA MATTHEWS AND DAUGHTERS LIMITED

RJ & EA MATTHEWS AND DAUGHTERS LIMITED (REGISTERED NUMBER: 06958454)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

RJ & EA MATTHEWS AND DAUGHTERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: R J Matthews
Mrs E A Matthews
Mrs K L Matthews-Jones
Miss L M Matthews





SECRETARY: Mrs E A Matthews





REGISTERED OFFICE: Bishops Castle Building Supplies
Bishops Castle Business Park
Bishops Castle
Shropshire
SY9 5BX





REGISTERED NUMBER: 06958454 (England and Wales)





ACCOUNTANTS: D.R.E. & Co. Limited
Chartered Accountants
Number 5
The Business Quarter
Eco Park Road
Ludlow
Shropshire
SY8 1FD

RJ & EA MATTHEWS AND DAUGHTERS LIMITED (REGISTERED NUMBER: 06958454)

BALANCE SHEET
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 503,864 503,549
Investments 7 3,000 3,000
506,864 506,549

CURRENT ASSETS
Stocks 1,026,470 1,012,048
Debtors 8 2,754,527 2,527,072
Cash at bank and in hand 916,045 145,643
4,697,042 3,684,763
CREDITORS
Amounts falling due within one year 9 1,079,600 1,614,494
NET CURRENT ASSETS 3,617,442 2,070,269
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,124,306

2,576,818

CREDITORS
Amounts falling due after more than one
year

10

-

(31,667

)

PROVISIONS FOR LIABILITIES (25,140 ) (24,729 )
NET ASSETS 4,099,166 2,520,422

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,099,066 2,520,322
SHAREHOLDERS' FUNDS 4,099,166 2,520,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

RJ & EA MATTHEWS AND DAUGHTERS LIMITED (REGISTERED NUMBER: 06958454)

BALANCE SHEET - continued
30 APRIL 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 17 January 2024 and were signed on its behalf by:





R J Matthews - Director


RJ & EA MATTHEWS AND DAUGHTERS LIMITED (REGISTERED NUMBER: 06958454)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

RJ & EA Matthews And Daughters 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.

These financial statements are for the individual entity only.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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

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 balance sheet date.


RJ & EA MATTHEWS AND DAUGHTERS LIMITED (REGISTERED NUMBER: 06958454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 15 (2022 - 15 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 480,000
AMORTISATION
At 1 May 2022
and 30 April 2023 480,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

RJ & EA MATTHEWS AND DAUGHTERS LIMITED (REGISTERED NUMBER: 06958454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

6. TANGIBLE FIXED ASSETS
Improvements
Land and to Plant and
buildings property machinery
£    £    £   
COST
At 1 May 2022 136,562 254,002 491,515
Additions - - 27,760
At 30 April 2023 136,562 254,002 519,275
DEPRECIATION
At 1 May 2022 - - 405,871
Charge for year - - 22,664
At 30 April 2023 - - 428,535
NET BOOK VALUE
At 30 April 2023 136,562 254,002 90,740
At 30 April 2022 136,562 254,002 85,644

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2022 31,308 62,980 36,822 1,013,189
Additions - - 173 27,933
At 30 April 2023 31,308 62,980 36,995 1,041,122
DEPRECIATION
At 1 May 2022 20,079 52,647 31,043 509,640
Charge for year 1,115 2,580 1,259 27,618
At 30 April 2023 21,194 55,227 32,302 537,258
NET BOOK VALUE
At 30 April 2023 10,114 7,753 4,693 503,864
At 30 April 2022 11,229 10,333 5,779 503,549

7. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2022
and 30 April 2023 3,000
NET BOOK VALUE
At 30 April 2023 3,000
At 30 April 2022 3,000

RJ & EA MATTHEWS AND DAUGHTERS LIMITED (REGISTERED NUMBER: 06958454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 397,918 389,630
Other debtors 2,356,609 2,137,442
2,754,527 2,527,072

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts - 9,995
Trade creditors 382,230 550,080
Taxation and social security 510,406 285,487
Other creditors 186,964 768,932
1,079,600 1,614,494

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans - 31,667

11. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Bank loans - 41,662

The bank loans are secured over the land and property of the company.

12. RELATED PARTY DISCLOSURES

Included within other debtors at 30th April 2023 is a loan of £1,074,124 (2022: £530,945) made to G & T Evans Limited, a company in which RJ Matthews owns 30% of the share capital and Mrs K L Matthews-Jones owns 20% of the share capital.

Also included within other debtors at 30th April 2023 is a loan of £514,617 (2022: nil) made to Days Best Buys Limited, a company in which RJ Matthews owns 50% of the share capital.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RJ & EA MATTHEWS AND DAUGHTERS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RJ & EA Matthews And Daughters Limited for the year ended 30 April 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of RJ & EA Matthews And Daughters Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RJ & EA Matthews And Daughters Limited and state those matters that we have agreed to state to the Board of Directors of RJ & EA Matthews And Daughters Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RJ & EA Matthews And Daughters Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that RJ & EA Matthews And Daughters Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of RJ & EA Matthews And Daughters Limited. You consider that RJ & EA Matthews And Daughters Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of RJ & EA Matthews And Daughters Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






D.R.E. & Co. Limited
Chartered Accountants
Number 5
The Business Quarter
Eco Park Road
Ludlow
Shropshire
SY8 1FD


18 January 2024