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MATTHEWS BROTHERS (BUILDERS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






MATTHEWS BROTHERS (BUILDERS) LIMITED (REGISTERED NUMBER: 08027954)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MATTHEWS BROTHERS (BUILDERS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: M B Matthews
Mrs S Ferguson-Matthews





REGISTERED OFFICE: 5 Garden Close
Glusburn
Keighley
West Yorkshire
BD20 8QF





REGISTERED NUMBER: 08027954 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

MATTHEWS BROTHERS (BUILDERS) LIMITED (REGISTERED NUMBER: 08027954)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,646 2,193

CURRENT ASSETS
Stocks 4,256 -
Debtors 5 30,807 124,837
Cash at bank 2,851 11,935
37,914 136,772
CREDITORS
Amounts falling due within one year 6 28,109 114,860
NET CURRENT ASSETS 9,805 21,912
TOTAL ASSETS LESS CURRENT LIABILITIES 11,451 24,105

CREDITORS
Amounts falling due after more than one
year

7

(12,500

)

(22,500

)

PROVISIONS FOR LIABILITIES 8 (313 ) (417 )
NET (LIABILITIES)/ASSETS (1,362 ) 1,188

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (1,364 ) 1,186
SHAREHOLDERS' FUNDS (1,362 ) 1,188

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

MATTHEWS BROTHERS (BUILDERS) LIMITED (REGISTERED NUMBER: 08027954)

BALANCE SHEET - continued
30 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:





M B Matthews - Director


MATTHEWS BROTHERS (BUILDERS) LIMITED (REGISTERED NUMBER: 08027954)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Matthews Brothers (Builders) 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.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

MATTHEWS BROTHERS (BUILDERS) LIMITED (REGISTERED NUMBER: 08027954)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

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 NIL (2023 - 1 ).

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 16,395 428 16,823
DEPRECIATION
At 1 May 2023 14,207 423 14,630
Charge for year 547 - 547
At 30 April 2024 14,754 423 15,177
NET BOOK VALUE
At 30 April 2024 1,641 5 1,646
At 30 April 2023 2,188 5 2,193

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 419 26,736
Directors' current accounts 29,072 87,070
VAT 1,316 11,031
30,807 124,837

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 15,278 73,222
Tax 1,351 29,953
Other creditors - 275
Accrued expenses 1,480 1,410
28,109 114,860

The directors' loan account is interest free and repayable on demand.

MATTHEWS BROTHERS (BUILDERS) LIMITED (REGISTERED NUMBER: 08027954)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 2,500 12,500
12,500 22,500

8. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 313 417

Deferred
tax
£   
Balance at 1 May 2023 417
Accelerated capital allowances (104 )
Balance at 30 April 2024 313

The entire provision for deferred taxation is in respect of accelerated capital allowances.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
2 Ordinary £1.00 2 2

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
M B Matthews and Mrs S Ferguson-Matthews
Balance outstanding at start of year 87,070 5,183
Amounts advanced 68,066 332,953
Amounts repaid (126,064 ) (251,066 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,072 87,070

The directors' loan account is interest free and repayable on demand.

The loan was repaid in full on 14 January 2025.

MATTHEWS BROTHERS (BUILDERS) LIMITED (REGISTERED NUMBER: 08027954)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


11. ULTIMATE CONTROLLING PARTY

Mr M Matthews has a beneficial interest in the entire issued share capital and therefore controls the company.