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REGISTERED NUMBER: 09730526 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

MATTHEW LEE JOINERY LTD

MATTHEW LEE JOINERY LTD (REGISTERED NUMBER: 09730526)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


MATTHEW LEE JOINERY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: M Lee





SECRETARY: Mrs L A Garner





REGISTERED OFFICE: The Workshop
West Moneylaws
Cornhill on Tweed
Northumberland
TD12 4QD





REGISTERED NUMBER: 09730526 (England and Wales)





ACCOUNTANTS: J.H. Greenwood & Company
Chartered Accountants
Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MATTHEW LEE JOINERY LTD

The following reproduces the text of the report prepared for the director 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 Director 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 Matthew Lee Joinery Ltd for the year ended 30 September 2023 which comprise the Profit and Loss Account, Balance Sheet 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 director of Matthew Lee Joinery Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Matthew Lee Joinery Ltd and state those matters that we have agreed to state to the director of Matthew Lee Joinery Ltd 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 Matthew Lee Joinery Ltd and its director for our work or for this report.

It is your duty to ensure that Matthew Lee Joinery Ltd 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 Matthew Lee Joinery Ltd. You consider that Matthew Lee Joinery Ltd 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 Matthew Lee Joinery Ltd. 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.






J.H. Greenwood & Company
Chartered Accountants
Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP


27 February 2024

MATTHEW LEE JOINERY LTD (REGISTERED NUMBER: 09730526)

BALANCE SHEET
30 SEPTEMBER 2023

30/9/23 30/9/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 546,709 385,499
Investment property 5 330,597 330,597
877,306 716,096

CURRENT ASSETS
Stocks 66,787 35,000
Debtors 6 220,358 168,391
Cash at bank 116,648 69,900
403,793 273,291
CREDITORS
Amounts falling due within one year 7 635,942 466,933
NET CURRENT LIABILITIES (232,149 ) (193,642 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

645,157

522,454

CREDITORS
Amounts falling due after more than one year 8 (281,597 ) (276,138 )

PROVISIONS FOR LIABILITIES (63,139 ) (49,170 )
NET ASSETS 300,421 197,146

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 300,411 197,136
300,421 197,146

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 LEE JOINERY LTD (REGISTERED NUMBER: 09730526)

BALANCE SHEET - continued
30 SEPTEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 February 2024 and were signed by:





M Lee - Director


MATTHEW LEE JOINERY LTD (REGISTERED NUMBER: 09730526)

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

1. STATUTORY INFORMATION

Matthew Lee Joinery 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 25 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - Straight line over 5 years
Motor vehicles - 20% on reducing balance
Computer equipment - Straight line over 3 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Profit and Loss Account, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 13 ) .

MATTHEW LEE JOINERY LTD (REGISTERED NUMBER: 09730526)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2022 148,705 104,261 29,521
Additions 93,635 5,455 -
At 30 September 2023 242,340 109,716 29,521
DEPRECIATION
At 1 October 2022 21,997 19,011 7,878
Charge for year 5,948 12,937 5,904
At 30 September 2023 27,945 31,948 13,782
NET BOOK VALUE
At 30 September 2023 214,395 77,768 15,739
At 30 September 2022 126,708 85,250 21,643

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2022 189,700 7,880 480,067
Additions 125,922 - 225,012
At 30 September 2023 315,622 7,880 705,079
DEPRECIATION
At 1 October 2022 42,139 3,543 94,568
Charge for year 36,920 2,093 63,802
At 30 September 2023 79,059 5,636 158,370
NET BOOK VALUE
At 30 September 2023 236,563 2,244 546,709
At 30 September 2022 147,561 4,337 385,499

MATTHEW LEE JOINERY LTD (REGISTERED NUMBER: 09730526)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 330,597
NET BOOK VALUE
At 30 September 2023 330,597
At 30 September 2022 330,597

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 30/9/22
£    £   
Trade debtors 166,329 58,906
Amounts recoverable on contract 54,029 102,147
Other debtors - 7,338
220,358 168,391

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 30/9/22
£    £   
Bank loans and overdrafts 42,444 85,202
Hire purchase contracts 48,563 30,273
Trade creditors 99,560 87,180
Taxation and social security 71,398 8,750
Other creditors 373,977 255,528
635,942 466,933

Included in Other creditors is an amount of £261,151 (last year, £248,551) which is due to the Directors. The Directors would like to note that they have no intention of withdrawing this money within the next 12 months.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/23 30/9/22
£    £   
Bank loans 187,079 228,561
Hire purchase contracts 94,518 47,577
281,597 276,138

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 17,303 58,785

MATTHEW LEE JOINERY LTD (REGISTERED NUMBER: 09730526)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

30/9/23 30/9/22
£    £   
Bank overdraft - 42,758
Bank loans 229,523 271,005
229,523 313,763

Barclays Bank UK PLC hold a fixed and floating charge over the undertaking and all property and assets present and future.