Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 October 2021 false 1 April 2023 31 March 2024 31 March 2024 12871997 Mr James Matthews Mr Tom Matthews Mr Thomas Matthews iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12871997 2023-03-31 12871997 2024-03-31 12871997 2023-04-01 2024-03-31 12871997 frs-core:CurrentFinancialInstruments 2024-03-31 12871997 frs-core:MotorVehicles 2024-03-31 12871997 frs-core:MotorVehicles 2023-04-01 2024-03-31 12871997 frs-core:MotorVehicles 2023-03-31 12871997 frs-core:PlantMachinery 2024-03-31 12871997 frs-core:PlantMachinery 2023-04-01 2024-03-31 12871997 frs-core:PlantMachinery 2023-03-31 12871997 frs-core:ShareCapital 2024-03-31 12871997 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12871997 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12871997 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 12871997 frs-bus:SmallEntities 2023-04-01 2024-03-31 12871997 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12871997 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12871997 frs-bus:Director1 2023-04-01 2024-03-31 12871997 frs-bus:Director2 2023-04-01 2024-03-31 12871997 frs-bus:Director3 2023-04-01 2024-03-31 12871997 frs-countries:EnglandWales 2023-04-01 2024-03-31 12871997 2021-09-30 12871997 2023-03-31 12871997 2021-10-01 2023-03-31 12871997 frs-core:CurrentFinancialInstruments 2023-03-31 12871997 frs-core:ShareCapital 2023-03-31 12871997 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 12871997
Matthews Events Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Elzey Accountancy and Tax
ACCA
First Floor 2 Central Parade
101 Victoria Road
Horley
Surrey
RH6 7PH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12871997
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 79,800 79,210
79,800 79,210
CURRENT ASSETS
Debtors 5 86,558 179,750
Cash at bank and in hand 342,448 38,771
429,006 218,521
Creditors: Amounts Falling Due Within One Year 6 (294,565 ) (205,362 )
NET CURRENT ASSETS (LIABILITIES) 134,441 13,159
TOTAL ASSETS LESS CURRENT LIABILITIES 214,241 92,369
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,162 ) (15,050 )
NET ASSETS 199,079 77,319
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 198,979 77,219
SHAREHOLDERS' FUNDS 199,079 77,319
Page 1
Page 2
For the year ending 31 March 2024 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
Mr Tom Matthews
Director
07/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Matthews Events Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12871997 . The registered office is 1 Fairacres, Axes Lane, Redhill, RH1 5QL.
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:
Plant & Machinery 20% Straight Line
Motor Vehicles 20% Straight Line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 33 (2023: 33)
33 33
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 126,850 - 126,850
Additions 9,000 23,450 32,450
As at 31 March 2024 135,850 23,450 159,300
Depreciation
As at 1 April 2023 47,640 - 47,640
Provided during the period 27,170 4,690 31,860
As at 31 March 2024 74,810 4,690 79,500
Net Book Value
As at 31 March 2024 61,040 18,760 79,800
As at 1 April 2023 79,210 - 79,210
5. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Prepayments and accrued income 3,491 -
Other debtors 51,554 111,970
VAT 12,355 41,067
Other taxes and social security - 864
Net wages - 2,354
Amounts owed by associates 19,158 23,495
86,558 179,750
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 81,017 37,574
Corporation tax 24,492 3,087
Accruals and deferred income 126,054 19,104
Amounts owed to associates 63,002 145,597
294,565 205,362
7. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4