Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31false262023-06-01No description of principal activity28falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC497784 2023-06-01 2024-05-31 SC497784 2022-06-01 2023-05-31 SC497784 2024-05-31 SC497784 2023-05-31 SC497784 c:Director1 2023-06-01 2024-05-31 SC497784 c:Director2 2023-06-01 2024-05-31 SC497784 c:Director3 2023-06-01 2024-05-31 SC497784 c:Director5 2023-06-01 2024-05-31 SC497784 c:RegisteredOffice 2023-06-01 2024-05-31 SC497784 d:OfficeEquipment 2023-06-01 2024-05-31 SC497784 d:OfficeEquipment 2024-05-31 SC497784 d:OfficeEquipment 2023-05-31 SC497784 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC497784 d:CurrentFinancialInstruments 2024-05-31 SC497784 d:CurrentFinancialInstruments 2023-05-31 SC497784 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 SC497784 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 SC497784 d:ShareCapital 2024-05-31 SC497784 d:ShareCapital 2023-05-31 SC497784 d:CapitalRedemptionReserve 2024-05-31 SC497784 d:CapitalRedemptionReserve 2023-05-31 SC497784 d:RetainedEarningsAccumulatedLosses 2024-05-31 SC497784 d:RetainedEarningsAccumulatedLosses 2023-05-31 SC497784 c:OrdinaryShareClass3 2023-06-01 2024-05-31 SC497784 c:OrdinaryShareClass3 2024-05-31 SC497784 c:OrdinaryShareClass3 2023-05-31 SC497784 c:OrdinaryShareClass5 2023-06-01 2024-05-31 SC497784 c:OrdinaryShareClass5 2024-05-31 SC497784 c:OrdinaryShareClass5 2023-05-31 SC497784 c:FRS102 2023-06-01 2024-05-31 SC497784 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC497784 c:FullAccounts 2023-06-01 2024-05-31 SC497784 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC497784 d:WithinOneYear 2024-05-31 SC497784 d:WithinOneYear 2023-05-31 SC497784 d:BetweenOneFiveYears 2024-05-31 SC497784 d:BetweenOneFiveYears 2023-05-31 SC497784 7 2023-06-01 2024-05-31 SC497784 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC497784










MATTHEWS LEGAL LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

 
MATTHEWS LEGAL LIMITED
 

COMPANY INFORMATION


Directors
H G Fox 
P A H Matthews 
N J Da Prato 
A J MacCaig 




Registered number
SC497784



Registered office
Bank of Scotland Buildings
37 Albert Street

Newton Stewart

DG8 6EG




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
MATTHEWS LEGAL LIMITED
REGISTERED NUMBER:SC497784

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
15,653
18,961

  
15,653
18,961

Current assets
  

Debtors: amounts falling due within one year
 5 
4,052,678
3,083,390

Cash at bank and in hand
  
601,963
558,900

  
4,654,641
3,642,290

Creditors: amounts falling due within one year
 6 
(3,903,950)
(2,927,286)

Net current assets
  
 
 
750,691
 
 
715,004

Total assets less current liabilities
  
766,344
733,965

Provisions for liabilities
  

Deferred tax
  
(3,529)
(4,272)

  
 
 
(3,529)
 
 
(4,272)

Net assets
  
762,815
729,693


Capital and reserves
  

Called up share capital 
 7 
50
50

Capital redemption reserve
  
50
50

Profit and loss account
  
762,715
729,593

  
762,815
729,693


Page 1

 
MATTHEWS LEGAL LIMITED
REGISTERED NUMBER:SC497784

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The directors consider 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 directors acknowledge their 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 Company has opted not to file the statement of comprehensive income in accordance with 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 by: 




P A H Matthews
H G Fox
Director
Director


Date: 23 January 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MATTHEWS LEGAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Matthews Legal Limited is limited by shares and incorporated in Scotland with registration number SC497784. The address of the registered office is Bank of Scotland Buildings, 37 Albert Street, Newton Stewart, United Kingdom, DG8 6EG. 
The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
MATTHEWS LEGAL LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the reporting date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the reporting date.

Page 4

 
MATTHEWS LEGAL LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.8

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.


Employees

The average monthly number of employees, including directors, during the year was 26 (2023 - 28).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 June 2023
64,096


Additions
1,585



At 31 May 2024

65,681



Depreciation


At 1 June 2023
45,135


Charge for the year
4,893



At 31 May 2024

50,028



Net book value



At 31 May 2024
15,653



At 31 May 2023
18,961

Page 5

 
MATTHEWS LEGAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
103,111
99,784

Other debtors
3,738,803
2,788,151

Prepayments and accrued income
38,018
31,697

Amounts recoverable on long term contracts
172,746
163,758

4,052,678
3,083,390



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
117,988
143,901

Other creditors
3,731,938
2,725,701

Accruals and deferred income
54,024
57,684

3,903,950
2,927,286



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



25 (2023 - 25) B Ordinary shares of £1.00 each
25
25
25 (2023 - 25) D Ordinary shares of £1.00 each
25
25

50

50



8.


Commitments under operating leases

At 31 May 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
5,715
7,864

Later than 1 year and not later than 5 years
4,847
12,127

10,562
19,991


Page 6