Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 03207540 Mr S Matthews iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03207540 2023-10-31 03207540 2024-10-31 03207540 2023-11-01 2024-10-31 03207540 frs-core:CurrentFinancialInstruments 2024-10-31 03207540 frs-core:Non-currentFinancialInstruments 2024-10-31 03207540 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 03207540 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03207540 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 03207540 frs-core:MotorVehicles 2024-10-31 03207540 frs-core:MotorVehicles 2023-11-01 2024-10-31 03207540 frs-core:MotorVehicles 2023-10-31 03207540 frs-core:PlantMachinery 2024-10-31 03207540 frs-core:PlantMachinery 2023-11-01 2024-10-31 03207540 frs-core:PlantMachinery 2023-10-31 03207540 frs-core:ShareCapital 2024-10-31 03207540 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 03207540 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 03207540 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 03207540 frs-bus:SmallEntities 2023-11-01 2024-10-31 03207540 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 03207540 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 03207540 frs-bus:Director1 2023-11-01 2024-10-31 03207540 frs-bus:Director1 2023-10-31 03207540 frs-bus:Director1 2024-10-31 03207540 frs-countries:EnglandWales 2023-11-01 2024-10-31 03207540 2022-10-31 03207540 2023-10-31 03207540 2022-11-01 2023-10-31 03207540 frs-core:CurrentFinancialInstruments 2023-10-31 03207540 frs-core:Non-currentFinancialInstruments 2023-10-31 03207540 frs-core:ShareCapital 2023-10-31 03207540 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 03207540
Matthews Roofing (Bristol) Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 03207540
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 579,935 606,028
579,935 606,028
CURRENT ASSETS
Stocks 5 107,000 110,000
Debtors 6 104,299 197,886
Cash at bank and in hand 47,643 56,029
258,942 363,915
Creditors: Amounts Falling Due Within One Year 7 (448,759 ) (534,659 )
NET CURRENT ASSETS (LIABILITIES) (189,817 ) (170,744 )
TOTAL ASSETS LESS CURRENT LIABILITIES 390,118 435,284
Creditors: Amounts Falling Due After More Than One Year 8 (35,774 ) (69,106 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (19,806 ) (8,357 )
NET ASSETS 334,538 357,821
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Income Statement 333,538 356,821
SHAREHOLDERS' FUNDS 334,538 357,821
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr S Matthews
Director
08/07/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Matthews Roofing (Bristol) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03207540 . The registered office is The Old Schoolhouse, 75a Jacobs Well Road, Bristol, Avon, BS8 1DJ .
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Nil
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 November 2023 500,711 142,877 186,216 829,804
Additions - 316 - 316
As at 31 October 2024 500,711 143,193 186,216 830,120
Depreciation
As at 1 November 2023 - 128,575 95,201 223,776
Provided during the period - 3,655 22,754 26,409
As at 31 October 2024 - 132,230 117,955 250,185
Net Book Value
As at 31 October 2024 500,711 10,963 68,261 579,935
As at 1 November 2023 500,711 14,302 91,015 606,028
5. Stocks
2024 2023
£ £
Stock 107,000 110,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 64,251 118,793
Other debtors 40,048 79,093
104,299 197,886
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 205,368 187,231
Bank loans and overdrafts 33,270 165,375
Other creditors 4,496 3,850
Taxation and social security 205,625 178,203
448,759 534,659
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 35,774 69,106
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Steven Matthews 42,216 - 40,144 - 2,072
The above loan is unsecured, interest free and repayable on demand.
Page 5