IRIS Accounts Production v24.2.0.383 04946063 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049460632023-03-31049460632024-03-31049460632023-04-012024-03-31049460632022-03-31049460632022-04-012023-03-31049460632023-03-3104946063ns15:EnglandWales2023-04-012024-03-3104946063ns14:PoundSterling2023-04-012024-03-3104946063ns10:Director12023-04-012024-03-3104946063ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104946063ns10:SmallEntities2023-04-012024-03-3104946063ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104946063ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104946063ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104946063ns10:FullAccounts2023-04-012024-03-3104946063ns10:OrdinaryShareClass12023-04-012024-03-3104946063ns10:RegisteredOffice2023-04-012024-03-3104946063ns5:CurrentFinancialInstruments2024-03-3104946063ns5:CurrentFinancialInstruments2023-03-3104946063ns5:Non-currentFinancialInstruments2024-03-3104946063ns5:Non-currentFinancialInstruments2023-03-3104946063ns5:ShareCapital2024-03-3104946063ns5:ShareCapital2023-03-3104946063ns5:RetainedEarningsAccumulatedLosses2024-03-3104946063ns5:RetainedEarningsAccumulatedLosses2023-03-3104946063ns5:NetGoodwill2023-04-012024-03-3104946063ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104946063ns5:PlantMachinery2023-04-012024-03-3104946063ns5:LandBuildings2023-03-3104946063ns5:PlantMachinery2023-03-3104946063ns5:LandBuildings2023-04-012024-03-3104946063ns5:LandBuildings2024-03-3104946063ns5:PlantMachinery2024-03-3104946063ns5:LandBuildings2023-03-3104946063ns5:PlantMachinery2023-03-3104946063ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3104946063ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3104946063ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-3104946063ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3104946063ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104946063ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104946063ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3104946063ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3104946063ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3104946063ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3104946063ns5:DeferredTaxation2023-03-3104946063ns5:DeferredTaxation2023-04-012024-03-3104946063ns5:DeferredTaxation2024-03-3104946063ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 04946063 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

MATTHEW THICKETT LTD

MATTHEW THICKETT LTD (REGISTERED NUMBER: 04946063)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MATTHEW THICKETT LTD

COMPANY INFORMATION
for the Year Ended 31st March 2024







DIRECTOR: M C Thickett





REGISTERED OFFICE: Ossington Chambers
6/8 Castle Gate
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 04946063 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

MATTHEW THICKETT LTD (REGISTERED NUMBER: 04946063)

BALANCE SHEET
31st March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 82,766 75,787

CURRENT ASSETS
Debtors 5 1,201 -
Cash at bank 4,198 8,549
5,399 8,549
CREDITORS
Amounts falling due within one year 6 82,398 44,888
NET CURRENT LIABILITIES (76,999 ) (36,339 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,767

39,448

CREDITORS
Amounts falling due after more than one year 7 (17,837 ) (24,144 )

PROVISIONS FOR LIABILITIES 9 (3,183 ) (8,346 )
NET (LIABILITIES)/ASSETS (15,253 ) 6,958

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings (15,255 ) 6,956
SHAREHOLDERS' FUNDS (15,253 ) 6,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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 THICKETT LTD (REGISTERED NUMBER: 04946063)

BALANCE SHEET - continued
31st March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14th August 2024 and were signed by:





M C Thickett - Director


MATTHEW THICKETT LTD (REGISTERED NUMBER: 04946063)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Matthew Thickett 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 has been fully amortised in the current year.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

MATTHEW THICKETT LTD (REGISTERED NUMBER: 04946063)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1st April 2023 17,200 82,945 100,145
Additions - 40,045 40,045
Disposals (17,200 ) - (17,200 )
At 31st March 2024 - 122,990 122,990
DEPRECIATION
At 1st April 2023 - 24,358 24,358
Charge for year - 15,866 15,866
At 31st March 2024 - 40,224 40,224
NET BOOK VALUE
At 31st March 2024 - 82,766 82,766
At 31st March 2023 17,200 58,587 75,787

MATTHEW THICKETT LTD (REGISTERED NUMBER: 04946063)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1st April 2023
and 31st March 2024 65,000
DEPRECIATION
At 1st April 2023 9,750
Charge for year 8,840
At 31st March 2024 18,590
NET BOOK VALUE
At 31st March 2024 46,410
At 31st March 2023 55,250

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 196 -
VAT 1,005 -
1,201 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 1,592 1,592
Hire purchase contracts 4,714 4,714
Trade creditors - 331
Social security and other taxes 243 1,383
Directors' current accounts 74,718 35,740
Accrued expenses 1,131 1,128
82,398 44,888

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans - 1-2 years 1,592 1,592
Bank loans - 2-5 years 531 2,123
Hire purchase contracts 15,714 20,429
17,837 24,144

MATTHEW THICKETT LTD (REGISTERED NUMBER: 04946063)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Hire purchase contracts 20,428 25,143

The hire purchase liabilities are secured on the assets to which they relate.

9. PROVISIONS FOR LIABILITIES
31/3/24 31/3/23
£    £   
Deferred tax 3,183 8,346

Deferred
tax
£   
Balance at 1st April 2023 8,346
Credit to Statement of Income and Retained Earnings during year (5,163 )
Balance at 31st March 2024 3,183

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
2 Ordinary £1 2 2

11. ULTIMATE CONTROLLING PARTY

Mr M C Thickett owns 100% of the issued share capital of the company.