Stephen Matthews & Associates Limited 04178719 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Management Consultancy Digita Accounts Production Advanced 6.30.9574.0 true 04178719 2023-04-01 2024-03-31 04178719 2024-03-31 04178719 core:RetainedEarningsAccumulatedLosses 2024-03-31 04178719 core:ShareCapital 2024-03-31 04178719 core:CurrentFinancialInstruments 2024-03-31 04178719 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04178719 core:FurnitureFittingsToolsEquipment 2024-03-31 04178719 bus:SmallEntities 2023-04-01 2024-03-31 04178719 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04178719 bus:FullAccounts 2023-04-01 2024-03-31 04178719 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04178719 bus:RegisteredOffice 2023-04-01 2024-03-31 04178719 bus:Director2 2023-04-01 2024-03-31 04178719 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04178719 core:FurnitureFittings 2023-04-01 2024-03-31 04178719 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 04178719 core:OfficeEquipment 2023-04-01 2024-03-31 04178719 countries:EnglandWales 2023-04-01 2024-03-31 04178719 2023-03-31 04178719 core:FurnitureFittingsToolsEquipment 2023-03-31 04178719 2022-04-01 2023-03-31 04178719 2023-03-31 04178719 core:RetainedEarningsAccumulatedLosses 2023-03-31 04178719 core:ShareCapital 2023-03-31 04178719 core:CurrentFinancialInstruments 2023-03-31 04178719 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04178719 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 04178719

Stephen Matthews & Associates Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Stephen Matthews & Associates Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Stephen Matthews & Associates Limited

(Registration number: 04178719)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,307

4,269

Current assets

 

Debtors

5

51,718

11,759

Cash at bank and in hand

 

181,621

397,862

 

233,339

409,621

Creditors: Amounts falling due within one year

6

(17,650)

(85,306)

Net current assets

 

215,689

324,315

Total assets less current liabilities

 

219,996

328,584

Provisions for liabilities

(818)

(811)

Net assets

 

219,178

327,773

Capital and reserves

 

Called up share capital

100

100

Retained earnings

219,078

327,673

Shareholders' funds

 

219,178

327,773

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 July 2024 and signed on its behalf by:
 

 

Stephen Matthews & Associates Limited

(Registration number: 04178719)
Balance Sheet as at 31 March 2024

.........................................
Mr SB Matthews
Director

 

Stephen Matthews & Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Stephen Matthews & Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Fixtures and fittings

20% reducing balance

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Stephen Matthews & Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

24,055

24,055

Additions

1,397

1,397

At 31 March 2024

25,452

25,452

Depreciation

At 1 April 2023

19,786

19,786

Charge for the year

1,359

1,359

At 31 March 2024

21,145

21,145

Carrying amount

At 31 March 2024

4,307

4,307

At 31 March 2023

4,269

4,269

5

Debtors

Note

2024
£

2023
£

Trade debtors

 

27,338

11,659

Amounts owed by related parties

16,900

-

Other debtors

 

7,480

100

 

51,718

11,759

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Taxation and social security

 

10,798

16,123

Amounts owed to related parties

 

-

33,100

Other creditors

 

6,852

36,083

 

17,650

85,306