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REGISTERED NUMBER: 05519366 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

H MATTHEWS & SON LIMITED

H MATTHEWS & SON LIMITED (REGISTERED NUMBER: 05519366)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H MATTHEWS & SON LIMITED

COMPANY INFORMATION
for the Year Ended 31 JULY 2024







DIRECTORS: Mr H R Matthews
Mrs C C Matthews
Mr J H Matthews
Mrs D Matthews





SECRETARY: Mrs C C Matthews





REGISTERED OFFICE: Broyan House
Priory Street
Cardigan
Ceredigion
SA43 1BZ





REGISTERED NUMBER: 05519366 (England and Wales)





ACCOUNTANTS: D M B Davies Limited
Broyan House
Priory Street
Cardigan
Ceredigion
SA43 1BZ

H MATTHEWS & SON LIMITED (REGISTERED NUMBER: 05519366)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 502,197 450,072

CURRENT ASSETS
Stocks 52,345 44,800
Debtors 5 257,580 306,703
Cash at bank 1,653,111 1,571,551
1,963,036 1,923,054
CREDITORS
Amounts falling due within one year 6 208,030 237,405
NET CURRENT ASSETS 1,755,006 1,685,649
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,257,203

2,135,721

PROVISIONS FOR LIABILITIES 47,312 34,201
NET ASSETS 2,209,891 2,101,520

CAPITAL AND RESERVES
Called up share capital 98 98
Retained earnings 2,209,793 2,101,422
SHAREHOLDERS' FUNDS 2,209,891 2,101,520

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

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

H MATTHEWS & SON LIMITED (REGISTERED NUMBER: 05519366)

BALANCE SHEET - continued
31 JULY 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 Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





Mr H R Matthews - Director


H MATTHEWS & SON LIMITED (REGISTERED NUMBER: 05519366)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JULY 2024


1. STATUTORY INFORMATION

H Matthews & Son 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.

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 machinery etc - 15% on reducing balance and 10% 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 3 (2023 - 2 ) .

H MATTHEWS & SON LIMITED (REGISTERED NUMBER: 05519366)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JULY 2024


4. TANGIBLE FIXED ASSETS
Plant,
machinery Fixtures
Freehold Tenancy and and
property improvements vehicles fittings Totals
£    £    £    £    £   
COST
At 1 August 2023 290,938 17,000 390,150 500 698,588
Additions - - 136,769 - 136,769
Disposals - - (64,108 ) - (64,108 )
At 31 July 2024 290,938 17,000 462,811 500 771,249
DEPRECIATION
At 1 August 2023 - - 248,100 416 248,516
Charge for year - - 34,267 8 34,275
Eliminated on disposal - - (13,739 ) - (13,739 )
At 31 July 2024 - - 268,628 424 269,052
NET BOOK VALUE
At 31 July 2024 290,938 17,000 194,183 76 502,197
At 31 July 2023 290,938 17,000 142,050 84 450,072

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 235,064 288,928
Other debtors 22,516 17,775
257,580 306,703

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,618 -
Trade creditors 58,543 147,737
Taxation and social security 88,316 72,704
Other creditors 59,553 16,964
208,030 237,405

7. RELATED PARTY DISCLOSURES

Mr JH Matthews is the sole director and shareholder of Matthews Property Development Ltd.
The balance of the inter company loan to Matthews Property Development Ltd was £13,000 .

Mr HR Matthews and Mrs CC Matthews are shareholders of Hiwse Ltd (previously named Gwendy Ltd). There were no transactions between H Matthews & Son Ltd and Hiwse Ltd in the year.

H MATTHEWS & SON LIMITED (REGISTERED NUMBER: 05519366)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JULY 2024


8. ULTIMATE CONTROLLING PARTY

Ultimate control of the Company is exercised by the directors and shareholders equally.