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REGISTERED NUMBER: 14253215 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

MATFORD CONSTRUCTION GROUP LIMITED

MATFORD CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 14253215)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


MATFORD CONSTRUCTION GROUP LIMITED

Company Information
for the year ended 30 June 2024







DIRECTOR: H Ford





REGISTERED OFFICE: Unit M Churchill Road
Churchill Industrial Estate
Cheltenham
Gloucestershire
GL53 7EG





REGISTERED NUMBER: 14253215 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Matford Construction Group Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Matford Construction Group Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Matford Construction Group Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Matford Construction Group Limited and state those matters that we have agreed to state to the director of Matford Construction Group Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Matford Construction Group Limited and its director for our work or for this report.

It is your duty to ensure that Matford Construction Group Limited 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 Matford Construction Group Limited. You consider that Matford Construction Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Matford Construction Group Limited. 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.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


24 March 2025

MATFORD CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 14253215)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,726 19,602

CURRENT ASSETS
Stocks 230,000 125,280
Debtors 5 369,595 111,594
Cash at bank 1,679 23,155
601,274 260,029
CREDITORS
Amounts falling due within one year 6 618,960 246,058
NET CURRENT (LIABILITIES)/ASSETS (17,686 ) 13,971
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,040

33,573

CREDITORS
Amounts falling due after more than one
year

7

(5,878

)

(13,924

)

PROVISIONS FOR LIABILITIES 8 (5,648 ) (4,041 )
NET ASSETS 514 15,608

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 414 15,508
SHAREHOLDERS' FUNDS 514 15,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MATFORD CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 14253215)

Balance Sheet - continued
30 June 2024


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

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

The financial statements were approved by the director and authorised for issue on 19 March 2025 and were signed by:





H Ford - Director


MATFORD CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 14253215)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Matford Construction Group 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.

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.

The directors have prepared the financial statements on a going concern basis despite the deficit on the balance sheet and the excess of current liabilities over current assets in the belief that, with the support of the company's shareholders and directors, the company is in a position to continue trading

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 & Machinery - 20% on cost
Office Equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Work in progress
Work in progress is measured as works completed on projects, not yet invoiced.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.


MATFORD CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 14253215)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Critical accounting estimates and uncertainties
No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

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

MATFORD CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 14253215)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant & Office Motor Computer
Machinery Equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 3,125 3,804 10,100 5,539 22,568
Additions 9,638 6,388 - 2,276 18,302
At 30 June 2024 12,763 10,192 10,100 7,815 40,870
DEPRECIATION
At 1 July 2023 187 250 842 1,687 2,966
Charge for year 2,079 1,208 2,314 2,577 8,178
At 30 June 2024 2,266 1,458 3,156 4,264 11,144
NET BOOK VALUE
At 30 June 2024 10,497 8,734 6,944 3,551 29,726
At 30 June 2023 2,938 3,554 9,258 3,852 19,602

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 81,979 77,570
Other debtors 248,313 10,496
330,292 88,066

Amounts falling due after more than one year:
Amounts owed by group undertakings 39,303 23,528

Aggregate amounts 369,595 111,594

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 305,091 189,351
Taxation and social security 138,120 21,893
Other creditors 175,749 34,814
618,960 246,058

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to group undertakings 5,878 13,924

MATFORD CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 14253215)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,648 4,041

Deferred
tax
£   
Balance at 1 July 2023 4,041
Allowancs 1,607
Balance at 30 June 2024 5,648

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date a Director owed the Company £112,820. During the year £112,857 was advanced.