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REGISTERED NUMBER: 06368271 (England and Wales)
























Unaudited Financial Statements for the Year Ended 30 September 2024

for

Matty Owen Limited

Matty Owen Limited (Registered number: 06368271)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Matty Owen Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: M Owen
J Owen



SECRETARY: J Owen



REGISTERED OFFICE: Newton Bank Cottage
Hillfoot Lane
Newton
Frodsham
Cheshire
WA6 6SY



REGISTERED NUMBER: 06368271 (England and Wales)



ACCOUNTANTS: Craven Dalton
PO Box 284
Wirral
CH29 9GW



BANKERS: National Westminster Bank PLC
117 Main Street
Frodsham
Cheshire
WA6 7AG

Matty Owen Limited (Registered number: 06368271)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 99,877 110,528

CURRENT ASSETS
Stocks 5 19,130 19,735
Debtors 6 34,821 29,123
Cash at bank and in hand 299,007 286,507
352,958 335,365
CREDITORS
Amounts falling due within one year 7 45,395 21,534
NET CURRENT ASSETS 307,563 313,831
TOTAL ASSETS LESS CURRENT
LIABILITIES

407,440

424,359

CREDITORS
Amounts falling due after more than one
year

8

(7,643

)

(13,610

)

PROVISIONS FOR LIABILITIES (19,656 ) (21,000 )
NET ASSETS 380,141 389,749

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 380,139 389,747
SHAREHOLDERS' FUNDS 380,141 389,749

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

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

Matty Owen Limited (Registered number: 06368271)

Balance Sheet - continued
30 September 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 25 June 2025 and were signed on its behalf by:





M Owen - Director


Matty Owen Limited (Registered number: 06368271)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Matty Owen 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 - 25% on reducing balance
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 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.

Matty Owen Limited (Registered number: 06368271)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 140,218 81,044 3,506 224,768
Additions 6,025 38,137 - 44,162
Disposals (46,800 ) (21,540 ) - (68,340 )
At 30 September 2024 99,443 97,641 3,506 200,590
DEPRECIATION
At 1 October 2023 72,873 39,013 2,354 114,240
Charge for year 16,315 16,847 387 33,549
Eliminated on disposal (31,931 ) (15,145 ) - (47,076 )
At 30 September 2024 57,257 40,715 2,741 100,713
NET BOOK VALUE
At 30 September 2024 42,186 56,926 765 99,877
At 30 September 2023 67,345 42,031 1,152 110,528

5. STOCKS
30.9.24 30.9.23
£    £   
Work-in-progress 19,130 19,735

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 11,373 4,736
Directors' loan accounts 23,448 23,500
VAT - 887
34,821 29,123

Matty Owen Limited (Registered number: 06368271)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 5,796 5,796
Trade creditors 30,189 20,595
Tax 15,439 14,577
Social security and other taxes (9,323 ) (21,355 )
VAT 679 -
Net wages 1,486 792
Accrued expenses 1,129 1,129
45,395 21,534

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years 5,971 5,971
Bank loans - 2-5 years 1,672 7,639
7,643 13,610

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
M Owen
Balance outstanding at start of year 23,500 24,172
Amounts advanced 57,988 38,368
Amounts repaid (58,040 ) (39,040 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,448 23,500