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Registered number: 09037949

Mat Stubbs Contracting Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024

Prepared By:
Greenhalgh Johnson Ltd
Accountants and Tax Advisers
22 High Street
Burgh le Marsh
Skegness
Lincolnshire
PE24 5JT

Mat Stubbs Contracting Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
DIRECTORS
Mat Stubbs
Madelaine Bogg
REGISTERED OFFICE
30 Legbourne Road
Louth
Lincolnshire
LN11 8ER
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09037949
ACCOUNTANTS
Greenhalgh Johnson Ltd
Accountants and Tax Advisers
22 High Street
Burgh le Marsh
Skegness
Lincolnshire
PE24 5JT

Mat Stubbs Contracting Ltd

ACCOUNTS
FOR THEYEARENDED31/05/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Mat Stubbs Contracting Ltd

BALANCE SHEET AT 31/05/2024
20242023
Notes££
FIXED ASSETS
Tangible assets323,93831,087
CURRENT ASSETS
Stock13,310-
Debtors59249,938
Cash at bank and in hand75,19663,481
89,43073,419
CREDITORS: Amounts falling due within one year654,14760,877
NET CURRENT ASSETS35,28312,542
TOTAL ASSETS LESS CURRENT LIABILITIES59,22143,629
CREDITORS: Amounts falling due after more than one year79,26211,287
PROVISIONS FOR LIABILITIES AND CHARGES84,5485,906
NET ASSETS45,41126,436
CAPITAL AND RESERVES
Called up share capital922
Profit and loss account45,40926,434
SHAREHOLDERS' FUNDS45,41126,436
For the year ending 31/05/2024 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12/11/2024 and signed on their behalf by
.............................
Mat Stubbs
Director

Mat Stubbs Contracting Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Government Grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Mat Stubbs Contracting Ltd

2. EMPLOYEES
20242023
No.No.
Average number of employees22
3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsTotal
£££
Cost
At 01/06/2023110,7451,290112,035
Additions-833833
At 31/05/2024110,7452,123112,868
Depreciation
At 01/06/202380,43051880,948
For the year7,5804027,982
At 31/05/202488,01092088,930
Net Book Amounts
At 31/05/202422,7351,20323,938
At 31/05/202330,31577231,087
4. STOCK 20242023
££
Stock comprises:
Work in progress13,310-
13,310-
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors4659,512
Prepayments459426
9249,938

Mat Stubbs Contracting Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax11,0384,906
VAT3,4832,978
Directors current account36,18535,485
Bank Loan2,0261,983
Hire purchase-12,038
Trade creditors5292,654
Accruals886833
54,14760,877
Included in creditors falling due within one year is an HP agreement £11,461 (2021:£10,912) which is secured by the company against the asset to which it relates.
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loans >1yr2,7764,801
Hire purchase >1yr6,4866,486
9,26211,287
Included in creditors falling due after one year is an HP agreement £18,524 (2021: £29,985) which is secured by the company against the asset to which it relates.
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation4,5485,906
4,5485,906
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
1 Class B shares of £1 each11
22