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REGISTERED NUMBER: 00462786 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

MATTHEW SOUTHALL (DUDLEY) LIMITED

MATTHEW SOUTHALL (DUDLEY) LIMITED (REGISTERED NUMBER: 00462786)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MATTHEW SOUTHALL (DUDLEY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: G R Bradley
A Bradley
Mrs D S D Bradley





SECRETARY: Mrs D S D Bradley





REGISTERED OFFICE: 62/63 Tower Street
Dudley
West Midlands
DY1 1NH





REGISTERED NUMBER: 00462786 (England and Wales)





ACCOUNTANTS: Saxon & Co Accountants Ltd
Chartered Certified Accountants
Kings Chambers
Queens Cross
High Street
Dudley
West Midlands
DY1 1QT

MATTHEW SOUTHALL (DUDLEY) LIMITED (REGISTERED NUMBER: 00462786)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 165,105 173,234

CURRENT ASSETS
Stocks 36,389 34,620
Debtors 5 153,701 122,584
Cash at bank 16,398 7,508
206,488 164,712
CREDITORS
Amounts falling due within one year 6 169,861 131,391
NET CURRENT ASSETS 36,627 33,321
TOTAL ASSETS LESS CURRENT
LIABILITIES

201,732

206,555

CREDITORS
Amounts falling due after more than one year 7 (15,000 ) (25,833 )

PROVISIONS FOR LIABILITIES (8,095 ) (12,432 )
NET ASSETS 178,637 168,290

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 8 152,682 152,682
Other reserves 3,333 3,333
Retained earnings 12,622 2,275
SHAREHOLDERS' FUNDS 178,637 168,290

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 SOUTHALL (DUDLEY) LIMITED (REGISTERED NUMBER: 00462786)

BALANCE SHEET - continued
31 JANUARY 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 Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by:





G R Bradley - Director


MATTHEW SOUTHALL (DUDLEY) LIMITED (REGISTERED NUMBER: 00462786)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Matthew Southall (Dudley) 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 as modified by the revaluation of certain assets.

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.
Freehold property - 2% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on reducing balance

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

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MATTHEW SOUTHALL (DUDLEY) LIMITED (REGISTERED NUMBER: 00462786)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 February 2023 150,000 8,840 9,661
Disposals - - -
At 31 January 2024 150,000 8,840 9,661
DEPRECIATION
At 1 February 2023 - 4,084 9,457
Charge for year 3,000 474 20
Eliminated on disposal - - -
At 31 January 2024 3,000 4,558 9,477
NET BOOK VALUE
At 31 January 2024 147,000 4,282 184
At 31 January 2023 150,000 4,756 204

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 February 2023 50,550 595 219,646
Disposals (4,950 ) - (4,950 )
At 31 January 2024 45,600 595 214,696
DEPRECIATION
At 1 February 2023 32,276 595 46,412
Charge for year 4,544 - 8,038
Eliminated on disposal (4,859 ) - (4,859 )
At 31 January 2024 31,961 595 49,591
NET BOOK VALUE
At 31 January 2024 13,639 - 165,105
At 31 January 2023 18,274 - 173,234

MATTHEW SOUTHALL (DUDLEY) LIMITED (REGISTERED NUMBER: 00462786)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 January 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2011 105,595 - -
Valuation in 2023 27,500 - -
Cost 16,905 8,840 9,661
150,000 8,840 9,661

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2011 - - 105,595
Valuation in 2023 - - 27,500
Cost 45,600 595 81,601
45,600 595 214,696

If Freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 16,905 16,905
Aggregate depreciation 12,905 12,905

Value of land in freehold land and buildings 4,000 4,000

Freehold property was valued on an open market basis on 31 January 2023 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 114,252 84,227
Directors' current accounts 28,253 26,908
Tax - 840
Taxation 7,841 5,746
VAT 1,851 3,197
Prepayments 1,504 1,666
153,701 122,584

MATTHEW SOUTHALL (DUDLEY) LIMITED (REGISTERED NUMBER: 00462786)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,996 15,718
Trade creditors 145,234 110,462
Tax 6,120 377
Social security and other taxes 2,201 1,649
Accrued expenses 6,310 3,185
169,861 131,391

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,000 15,833
15,000 25,833

8. RESERVES
Revaluation
reserve
£   
At 1 February 2023
and 31 January 2024 152,682