Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 00780597 Mr T C Robbins Mrs N J Robbins Mrs N J Robbins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00780597 2022-12-31 00780597 2023-12-31 00780597 2023-01-01 2023-12-31 00780597 frs-core:CurrentFinancialInstruments 2023-12-31 00780597 frs-core:ComputerEquipment 2023-12-31 00780597 frs-core:ComputerEquipment 2023-01-01 2023-12-31 00780597 frs-core:ComputerEquipment 2022-12-31 00780597 frs-core:FurnitureFittings 2023-12-31 00780597 frs-core:FurnitureFittings 2023-01-01 2023-12-31 00780597 frs-core:FurnitureFittings 2022-12-31 00780597 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 00780597 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 00780597 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 00780597 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00780597 frs-core:MotorVehicles 2023-12-31 00780597 frs-core:MotorVehicles 2023-01-01 2023-12-31 00780597 frs-core:MotorVehicles 2022-12-31 00780597 frs-core:PlantMachinery 2023-12-31 00780597 frs-core:PlantMachinery 2023-01-01 2023-12-31 00780597 frs-core:PlantMachinery 2022-12-31 00780597 frs-core:RevaluationReserve 2022-12-31 00780597 frs-core:RevaluationReserve 2023-12-31 00780597 frs-core:ShareCapital 2023-12-31 00780597 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 00780597 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00780597 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 00780597 frs-bus:SmallEntities 2023-01-01 2023-12-31 00780597 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00780597 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 00780597 frs-bus:Director1 2023-01-01 2023-12-31 00780597 frs-bus:Director2 2023-01-01 2023-12-31 00780597 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 00780597 frs-countries:EnglandWales 2023-01-01 2023-12-31 00780597 2021-12-31 00780597 2022-12-31 00780597 2022-01-01 2022-12-31 00780597 frs-core:CurrentFinancialInstruments 2022-12-31 00780597 frs-core:RevaluationReserve 2022-12-31 00780597 frs-core:ShareCapital 2022-12-31 00780597 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 00780597
Matthews Display Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
AK Tax & Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00780597
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 221,954 226,070
221,954 226,070
CURRENT ASSETS
Stocks 5 4,824 5,093
Debtors 6 413 1,913
Cash at bank and in hand 4 1,119
5,241 8,125
Creditors: Amounts Falling Due Within One Year 7 (135,146 ) (133,947 )
NET CURRENT ASSETS (LIABILITIES) (129,905 ) (125,822 )
TOTAL ASSETS LESS CURRENT LIABILITIES 92,049 100,248
NET ASSETS 92,049 100,248
CAPITAL AND RESERVES
Called up share capital 8 600 600
Revaluation reserve 9 170,411 170,411
Profit and Loss Account (78,962 ) (70,763 )
SHAREHOLDERS' FUNDS 92,049 100,248
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs N J Robbins
Director
20/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Matthews Display Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00780597 . The registered office is 1-3 Shakespeare Road, Gillingham, Kent, ME7 5NR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not provided for
Leasehold Not provided for
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% Straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2023 210,000 604 16,625 6,529
As at 31 December 2023 210,000 604 16,625 6,529
Depreciation
As at 1 January 2023 - 350 1,385 6,529
Provided during the period - 63 3,810 -
As at 31 December 2023 - 413 5,195 6,529
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2023 210,000 191 11,430 -
As at 1 January 2023 210,000 254 15,240 -
Computer Equipment Total
£ £
Cost
As at 1 January 2023 736 234,494
As at 31 December 2023 736 234,494
Depreciation
As at 1 January 2023 160 8,424
Provided during the period 243 4,116
As at 31 December 2023 403 12,540
Net Book Value
As at 31 December 2023 333 221,954
As at 1 January 2023 576 226,070
5. Stocks
2023 2022
£ £
Stock 4,824 5,093
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 99 602
Other taxes and social security 314 1,311
413 1,913
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 8,241 7,009
Bank loans and overdrafts 824 309
Other creditors 1,113 1,027
Directors' loan accounts 124,968 125,602
135,146 133,947
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 600 600
Page 4
Page 5
9. Reserves
Revaluation Reserve
£
As at 1 January 2023 170,411
As at 31 December 2023 170,411
Page 5