Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292023-03-01falseConstruction of domestic buildings11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10003201 2023-03-01 2024-02-29 10003201 2022-03-01 2023-02-28 10003201 2024-02-29 10003201 2023-02-28 10003201 c:Director1 2023-03-01 2024-02-29 10003201 c:Director1 2024-02-29 10003201 c:RegisteredOffice 2023-03-01 2024-02-29 10003201 d:CurrentFinancialInstruments 2024-02-29 10003201 d:CurrentFinancialInstruments 2023-02-28 10003201 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 10003201 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 10003201 d:UKTax 2023-03-01 2024-02-29 10003201 d:UKTax 2022-03-01 2023-02-28 10003201 d:ShareCapital 2024-02-29 10003201 d:ShareCapital 2023-02-28 10003201 d:RetainedEarningsAccumulatedLosses 2024-02-29 10003201 d:RetainedEarningsAccumulatedLosses 2023-02-28 10003201 c:FRS102 2023-03-01 2024-02-29 10003201 c:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 10003201 c:FullAccounts 2023-03-01 2024-02-29 10003201 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10003201 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 10003201









MAT TRADITIONAL BUILD LTD







UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
MAT TRADITIONAL BUILD LTD
 
 
COMPANY INFORMATION


Director
Sohan Singh (appointed 12 February 2016)




Registered number
10003201



Registered office
77 Francis Road
Edgbaston

Birmingham

West Midlands

B16 8SP




Accountants
Fraser Russell Limited

77 Francis Road

Edgbaston

Birmingham

West Midlands

B16 8SP





 
MAT TRADITIONAL BUILD LTD
 

CONTENTS



Page
Director's report
 
1
Accountants' report
 
2
Statement of comprehensive income
 
3
Balance sheet
 
4
Notes to the financial statements
 
5 - 9

 
MAT TRADITIONAL BUILD LTD
 
 
 
DIRECTOR'S REPORT
FOR THE YEAR ENDED 29TH FEBRUARY 2024

The director presents his report and the financial statements for the year ended 29 February 2024.

Small companies note

In preparing this report, the director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 17 October 2024 and signed on its behalf.
 





Sohan Singh
Director
Page 1

 
MAT TRADITIONAL BUILD LTD
 
 
  
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MAT TRADITIONAL BUILD LTD
FOR THE YEAR ENDED 29TH FEBRUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MAT Traditional Build Ltd for the year ended 29th February 2024 which comprise the Profit and loss account, the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the director of MAT Traditional Build Ltd in accordance with the terms of our engagement letter dated 17 Octoberr 2024Our work has been undertaken solely to prepare for your approval the financial statements of MAT Traditional Build Ltd and state those matters that we have agreed to state to the director of MAT Traditional Build Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MAT Traditional Build Ltd and its director for our work or for this report. 

It is your duty to ensure that MAT Traditional Build Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MAT Traditional Build Ltd. You consider that MAT Traditional Build Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of MAT Traditional Build Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Fraser Russell Limited
 
77 Francis Road
Edgbaston
Birmingham
West Midlands
B16 8SP

17 October 2024
Page 2

 
MAT TRADITIONAL BUILD LTD
 
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 29 FEBRUARY 2024

2024
2023
Note
£
£

  

Turnover
  
60,992
62,463

Cost of sales
  
(15,582)
(24,457)

Gross profit
  
45,410
38,006

Administrative expenses
  
(29,540)
(26,866)

Operating profit
  
15,870
11,140

Tax on profit
 3 
(3,015)
(2,117)

Profit for the financial year
  
12,855
9,023

Other comprehensive income for the year
  

Total comprehensive income for the year
  
12,855
9,023

The notes on pages 5 to 9 form part of these financial statements.

Page 3

 
MAT TRADITIONAL BUILD LTD
REGISTERED NUMBER: 10003201

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
28,189
-

Cash at bank and in hand
 6 
46,099
49,196

  
74,288
49,196

Creditors: amounts falling due within one year
 7 
(45,928)
(22,691)

Net current assets
  
 
 
28,360
 
 
26,505

Total assets less current liabilities
  
28,360
26,505

  

Net assets
  
28,360
26,505


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
28,260
26,405

  
28,360
26,505


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 October 2024.




Sohan Singh
Director

The notes on pages 5 to 9 form part of these financial statements.

Page 4

 
MAT TRADITIONAL BUILD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024

1.


General information

MAT Traditional Build Limited is a company limited by shares incorporated in England within the United Kingdom, having a registration of 10003201. The address of the registered office is 77 Francis Road, Edgbaston, Birmingham, West Midlands, B16 8SP. The principal activity of the company in the year under review was that of a builder.
The financial statements are presented in sterling which is functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements has been prepared on a going concern basis which assumes that the company will continue to receive support from creditors and the director as and when required.

Page 5

 
MAT TRADITIONAL BUILD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Page 6

 
MAT TRADITIONAL BUILD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
3,015
2,117


3,015
2,117


Total current tax
3,015
2,117

Deferred tax

Total deferred tax
-
-


Taxation on profit on ordinary activities
3,015
2,117
Page 7

 
MAT TRADITIONAL BUILD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024
 
3.Taxation (continued)


Factors affecting tax charge for the year

The tax assessed for the year is the same as (2023 - the same as) the standard rate of corporation tax in the UK of 19% (2023 - 19%) as set out below:

2024
2023
£
£


Profit on ordinary activities before tax
15,870
11,140


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 19% (2023 - 19%)
3,015
2,117

Effects of:

Total tax charge for the year
3,015
2,117


Factors that may affect future tax charges

There were no factors that may affect future tax charges.


4.


Dividends

29 February
28 February
2024
2023
£
£


Dividends
11,000
2,000

11,000
2,000


5.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
28,189
-

28,189
-


Page 8

 
MAT TRADITIONAL BUILD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024

6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
46,099
49,196

46,099
49,196



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Corporation tax
3,015
285

Other taxation and social security
-
367

Other creditors
38,179
18,559

Accruals and deferred income
4,734
3,480

45,928
22,691



8.


Related party transactions

S Singh is a director and shareholder of the company. 
During the period the company recieved  loans of £19,619 from director. As at the balance sheet date, the company owed the director £38,179 (2023: £18,559) which is shown in Other Creditors due within one year.  
The above balance is payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.

 
Page 9