Company registration number 09979633 (England and Wales)
MATTHEW WAY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
MATTHEW WAY LTD
BALANCE SHEET
AS AT
29 FEBRUARY 2024
29 February 2024
- 1 -
29 February 2024
28 February 2023
£
£
£
£
Fixed assets
7,893
10,393
Current assets
51,647
52,050
Creditors: amounts falling due within one year
(33,031)
(33,476)
Net current assets
18,616
18,574
Total assets less current liabilities
26,509
28,967
Creditors: amounts falling due after more than one year
(7,081)
(12,532)
Accruals and deferred income
(6,750)
(3,705)
Net assets
12,678
12,730
Capital and reserves
12,678
12,730
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
During the year the director of the company was advanced amounts totaling £10,609 (2023 - £19,751) and repaid amounts theron of £12,479 (2023 - £28,896). Interest on the overdraw balance was charged equalling £312 (2023 - £Nil). At the year end the balance owing to the company was £12,939 (2023 - £14,809). The balance was unsecured and repayable on demand.
2
Financial commitments, guarantees and contingencies
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases which totalled £49,833 (2023 - £72,833).
3
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
7
7
Matthew Way Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Summit, Woodwater Park, Pynes Hill, Exeter, United Kingdom, EX2 5WS.
For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
MATTHEW WAY LTD
BALANCE SHEET (CONTINUED)
AS AT
29 FEBRUARY 2024
29 February 2024
- 2 -
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 30 October 2024 and are signed on its behalf by:
Mr M D Way
Director
Company registration number 09979633 (England and Wales)