IRIS Accounts Production v23.3.1.45 06713218 director 1.11.22 31.10.23 31.10.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh067132182022-10-31067132182023-10-31067132182022-11-012023-10-31067132182021-10-31067132182021-11-012022-10-31067132182022-10-3106713218ns10:Originalns15:EnglandWales2022-11-012023-10-3106713218ns14:PoundSterlingns10:Original2022-11-012023-10-3106713218ns10:Originalns10:Director12022-11-012023-10-3106713218ns10:Original2022-11-012023-10-3106713218ns10:Original2023-10-3106713218ns10:Originalns10:PrivateLimitedCompanyLtd2022-11-012023-10-3106713218ns10:Originalns10:SmallEntities2022-11-012023-10-3106713218ns10:Originalns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3106713218ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3106713218ns10:SmallCompaniesRegimeForAccountsns10:Original2022-11-012023-10-3106713218ns10:Originalns10:FullAccounts2022-11-012023-10-3106713218ns10:Original12022-11-012023-10-3106713218ns10:Originalns10:RegisteredOffice2022-11-012023-10-3106713218ns10:Original2022-10-3106713218ns10:Originalns5:CurrentFinancialInstruments2023-10-3106713218ns10:Originalns5:CurrentFinancialInstruments2022-10-3106713218ns5:ShareCapitalns10:Original2023-10-3106713218ns5:ShareCapitalns10:Original2022-10-3106713218ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-10-3106713218ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-10-3106713218ns10:Originalns5:NetGoodwill2022-11-012023-10-3106713218ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-11-012023-10-3106713218ns10:Originalns5:FurnitureFittings2022-11-012023-10-3106713218ns10:Originalns5:ComputerEquipment2022-11-012023-10-3106713218ns10:Original2021-11-012022-10-3106713218ns10:Originalns5:NetGoodwill2022-10-3106713218ns10:Originalns5:NetGoodwill2023-10-3106713218ns10:Originalns5:NetGoodwill2022-10-3106713218ns10:Originalns5:FurnitureFittings2022-10-3106713218ns10:Originalns5:ComputerEquipment2022-10-3106713218ns10:Original2022-10-3106713218ns10:Originalns5:FurnitureFittings2023-10-3106713218ns10:Originalns5:ComputerEquipment2023-10-3106713218ns10:Originalns5:FurnitureFittings2022-10-3106713218ns10:Originalns5:ComputerEquipment2022-10-3106713218ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3106713218ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-31
REGISTERED NUMBER: 06713218 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Matthew Newland Ltd

Matthew Newland Ltd (Registered number: 06713218)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Matthew Newland Ltd

Company Information
for the Year Ended 31 October 2023







Director: M Newland





Registered office: 73 Llantrisant Road
Pontyclun
CF72 9DP





Registered number: 06713218 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
101 Dunraven Street
Tonypandy
CF40 1AR

Matthew Newland Ltd (Registered number: 06713218)

Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
Fixed assets
Intangible assets 4 23,750 28,500
Tangible assets 5 17,316 23,095
41,066 51,595

Current assets
Stocks 4,630 5,100
Debtors 6 18,006 21,787
Cash at bank 88,554 114,848
111,190 141,735
Creditors
Amounts falling due within one year 7 45,001 35,827
Net current assets 66,189 105,908
Total assets less current liabilities 107,255 157,503

Provisions for liabilities 3,434 4,580
Net assets 103,821 152,923

Capital and reserves
Called up share capital 1,000 1,000
Retained earnings 102,821 151,923
Shareholders' funds 103,821 152,923

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

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

Matthew Newland Ltd (Registered number: 06713218)

Statement of Financial Position - continued
31 October 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 1 March 2024 and were signed by:





M Newland - Director


Matthew Newland Ltd (Registered number: 06713218)

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

1. Statutory information

Matthew Newland Ltd 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. 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.

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 2008, is being amortised evenly over its estimated useful life of twenty 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Matthew Newland Ltd (Registered number: 06713218)

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

3. Employees and directors

The average number of employees during the year was 7 (2022 - 7 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 November 2022
and 31 October 2023 95,000
Amortisation
At 1 November 2022 66,500
Amortisation for year 4,750
At 31 October 2023 71,250
Net book value
At 31 October 2023 23,750
At 31 October 2022 28,500

5. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 November 2022
and 31 October 2023 95,477 18,824 114,301
Depreciation
At 1 November 2022 78,541 12,665 91,206
Charge for year 4,236 1,543 5,779
At 31 October 2023 82,777 14,208 96,985
Net book value
At 31 October 2023 12,700 4,616 17,316
At 31 October 2022 16,936 6,159 23,095

6. Debtors: amounts falling due within one year
31.10.23 31.10.22
£    £   
Trade debtors 12,474 15,324
Other debtors 5,532 6,463
18,006 21,787

Matthew Newland Ltd (Registered number: 06713218)

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

7. Creditors: amounts falling due within one year
31.10.23 31.10.22
£    £   
Trade creditors 3,459 4,496
Taxation and social security 38,771 28,826
Other creditors 2,771 2,505
45,001 35,827

8. Ultimate controlling party

The company is controlled by the sole director, Mr Matthew Newland, by virtue of his 75% shareholding in the company.