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REGISTERED NUMBER: 05980118 (England and Wales)










Matthew Town Limited

Unaudited Financial Statements

for the Year Ended 31 October 2023






Matthew Town Limited (Registered number: 05980118)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Matthew Town Limited

Company Information
for the year ended 31 October 2023







DIRECTORS: M J Town
Mrs V J Town





REGISTERED OFFICE: 24 Winston Avenue
Crosshills
Keighley
West Yorkshire
BD20 7DL





REGISTERED NUMBER: 05980118 (England and Wales)





ACCOUNTANTS: Walkers Accountants Limited
Aireside House
Aireside Business Centre
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ

Matthew Town Limited (Registered number: 05980118)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,339 3,118
Investments 5 5,000 5,000
7,339 8,118

CURRENT ASSETS
Debtors 6 22,667 15,431
Cash at bank 24,097 26,387
46,764 41,818
CREDITORS
Amounts falling due within one year 7 (14,048 ) (13,983 )
NET CURRENT ASSETS 32,716 27,835
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,055

35,953

CREDITORS
Amounts falling due after more than one
year

8

(5,000

)

(7,400

)

PROVISIONS FOR LIABILITIES (585 ) (593 )
NET ASSETS 34,470 27,960

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 34,270 27,760
SHAREHOLDERS' FUNDS 34,470 27,960

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 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.

Matthew Town Limited (Registered number: 05980118)

Balance Sheet - 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 Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





M J Town - Director


Matthew Town Limited (Registered number: 05980118)

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

1. STATUTORY INFORMATION

Matthew Town 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue recognition
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
Impairment of fixed assets
At each balance sheet date, the Company reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indications exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Investments
Listed investments are valued at their fair value with changes been recognised in the profit and loss if the shares are publicly traded or their fair value if this can be measured reliably.

Unlisted investments are valued at cost less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Matthew Town Limited (Registered number: 05980118)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 1,750 12,000 284 14,034
DEPRECIATION
At 1 November 2022 1,692 9,153 71 10,916
Charge for year 14 712 53 779
At 31 October 2023 1,706 9,865 124 11,695
NET BOOK VALUE
At 31 October 2023 44 2,135 160 2,339
At 31 October 2022 58 2,847 213 3,118

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 5,000
NET BOOK VALUE
At 31 October 2023 5,000
At 31 October 2022 5,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 5,861 -
Other debtors 16,806 15,431
22,667 15,431

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 2,400 2,400
Trade creditors 407 831
Taxation and social security 9,787 9,348
Other creditors 1,454 1,404
14,048 13,983

Matthew Town Limited (Registered number: 05980118)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 5,000 7,400