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REGISTERED NUMBER: 07352866 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Matt Sears & Sons Roofing
Contractors Limited

Matt Sears & Sons Roofing
Contractors Limited (Registered number: 07352866)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Matt Sears & Sons Roofing
Contractors Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: M D Sears
Mrs N Sears
H Sears





REGISTERED OFFICE: Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 07352866 (England and Wales)





ACCOUNTANTS: Philip T. Chave & Co
Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

Matt Sears & Sons Roofing
Contractors Limited (Registered number: 07352866)

Abridged Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 842 1,053

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 22,003 23,792
Cash at bank 6,014 6,014
30,517 32,306
CREDITORS
Amounts falling due within one year 29,508 31,501
NET CURRENT ASSETS 1,009 805
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,851

1,858

PROVISIONS FOR LIABILITIES 5 153 200
NET ASSETS 1,698 1,658

CAPITAL AND RESERVES
Called up share capital 6 1,100 1,100
Retained earnings 598 558
SHAREHOLDERS' FUNDS 1,698 1,658

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

Matt Sears & Sons Roofing
Contractors Limited (Registered number: 07352866)

Abridged Balance Sheet - continued
31 August 2024



The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:





M D Sears - Director


Matt Sears & Sons Roofing
Contractors Limited (Registered number: 07352866)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Matt Sears & Sons Roofing Contractors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.
Plant and equipment - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Office equipment - 20% 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 Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

Matt Sears & Sons Roofing
Contractors Limited (Registered number: 07352866)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023
and 31 August 2024 15,741
DEPRECIATION
At 1 September 2023 14,688
Charge for year 211
At 31 August 2024 14,899
NET BOOK VALUE
At 31 August 2024 842
At 31 August 2023 1,053

5. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 153 200

Deferred
tax
£   
Balance at 1 September 2023 200
Provided during year (47 )
Balance at 31 August 2024 153

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1,000 Ordinary £1 1,000 1,000
100 Ordinary A £1 100 100
1,100 1,100