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Registration number: 04178719

Stephen Matthews & Associates Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Stephen Matthews & Associates Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Stephen Matthews & Associates Limited

(Registration number: 04178719)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

4,054

4,307

Current assets

 

Debtors

5

60,151

51,718

Cash at bank and in hand

 

195,167

181,621

 

255,318

233,339

Creditors: Amounts falling due within one year

6

(54,449)

(17,650)

Net current assets

 

200,869

215,689

Total assets less current liabilities

 

204,923

219,996

Provisions for liabilities

(770)

(818)

Net assets

 

204,153

219,178

Capital and reserves

 

Called up share capital

100

100

Retained earnings

204,053

219,078

Shareholders' funds

 

204,153

219,178

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 June 2025 and signed on its behalf by:
 

.........................................
Mr SB Matthews
Director

 

Stephen Matthews & Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax.

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 taxable income.

 

Stephen Matthews & Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Fixtures and fittings

20% reducing balance

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

Stephen Matthews & Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2024

25,452

25,452

Additions

1,031

1,031

At 31 March 2025

26,483

26,483

Depreciation

At 1 April 2024

21,145

21,145

Charge for the year

1,284

1,284

At 31 March 2025

22,429

22,429

Carrying amount

At 31 March 2025

4,054

4,054

At 31 March 2024

4,307

4,307

5

Debtors

Note

2025
£

2024
£

Trade debtors

 

-

27,338

Amounts owed by related parties

56,900

16,900

Other debtors

 

3,251

7,480

 

60,151

51,718

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Taxation and social security

 

15,774

10,798

Other creditors

 

38,675

6,852

 

54,449

17,650