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REGISTERED NUMBER: 01846026 (England and Wales)















Abridged Financial Statements for the Year Ended 30 November 2023

for

MATTHEWS & MATTHEWS LIMITED

MATTHEWS & MATTHEWS LIMITED (Registered number: 01846026)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MATTHEWS & MATTHEWS LIMITED

Company Information
for the Year Ended 30 November 2023







DIRECTORS: C R Matthews
Mrs L A Matthews





SECRETARY: Mrs L A Matthews





REGISTERED OFFICE: Woodside
St Andrews Road
Littlestone
Kent
TN28 8RB





REGISTERED NUMBER: 01846026 (England and Wales)





ACCOUNTANTS: Ashbourne Self-Assessment Services Ltd
Unit 3 Stanley Court
Shearway Business Park
Shearway Road
Folkestone
Kent
CT19 4FJ

MATTHEWS & MATTHEWS LIMITED (Registered number: 01846026)

Abridged Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,877 2,096

CURRENT ASSETS
Stocks 15,704 23,297
Debtors 1,461 1,500
Cash at bank 1,300 983
18,465 25,780
CREDITORS
Amounts falling due within one year 94,839 87,249
NET CURRENT LIABILITIES (76,374 ) (61,469 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(74,497

)

(59,373

)

CREDITORS
Amounts falling due after more than one
year

(2,100

)

(3,500

)

PROVISIONS FOR LIABILITIES 7 (341 ) (379 )
NET LIABILITIES (76,938 ) (63,252 )

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 (77,938 ) (64,252 )
SHAREHOLDERS' FUNDS (76,938 ) (63,252 )

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

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

MATTHEWS & MATTHEWS LIMITED (Registered number: 01846026)

Abridged Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 August 2024 and were signed on its behalf by:




C R Matthews - Director



Mrs L A Matthews - Director


MATTHEWS & MATTHEWS LIMITED (Registered number: 01846026)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

MATTHEWS & MATTHEWS 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. 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

MATTHEWS & MATTHEWS LIMITED (Registered number: 01846026)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 29,298
Additions 250
At 30 November 2023 29,548
DEPRECIATION
At 1 December 2022 27,202
Charge for year 469
At 30 November 2023 27,671
NET BOOK VALUE
At 30 November 2023 1,877
At 30 November 2022 2,096

5. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 1,400 1,400

Amounts falling due between one and two years:
Bank loans - 1-2 years 1,400 1,400

Amounts falling due between two and five years:
Bank loans - 2-5 years 700 2,100

6. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 3,500 4,900

7. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 341 379

MATTHEWS & MATTHEWS LIMITED (Registered number: 01846026)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2022 379
Utilised during year (38 )
Balance at 30 November 2023 341

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 December 2022 (64,252 )
Deficit for the year (13,686 )
At 30 November 2023 (77,938 )