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REGISTERED NUMBER: 08447930 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Matthews & Son (Repairs) Ltd.

Matthews & Son (Repairs) Ltd. (Registered number: 08447930)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Matthews & Son (Repairs) Ltd.

Company Information
for the Year Ended 31 March 2025







DIRECTORS: G P Spiers
M Scripps





SECRETARY: Hall & Co Accountancy Ltd





REGISTERED OFFICE: 4 Blenhiem Court
Brownfields
Welwyn Garden City
Hertfordshire
AL7 1AD





REGISTERED NUMBER: 08447930 (England and Wales)





ACCOUNTANTS: Hall & Co Accountancy Ltd
Unit 96 The Maltings
Stanstead Abbotts
Ware
Hertfordshire
SG12 8HG

Matthews & Son (Repairs) Ltd. (Registered number: 08447930)

Statement of Financial Position
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,075 13,810

CURRENT ASSETS
Stocks 17,089 16,275
Debtors 5 75,573 62,826
Cash at bank 15,999 34,427
108,661 113,528
CREDITORS
Amounts falling due within one year 6 50,616 58,428
NET CURRENT ASSETS 58,045 55,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,120

68,910

CREDITORS
Amounts falling due after more than
one year

7

-

(1,883

)

PROVISIONS FOR LIABILITIES (1,533 ) (2,623 )
NET ASSETS 64,587 64,404

Matthews & Son (Repairs) Ltd. (Registered number: 08447930)

Statement of Financial Position - continued
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 64,487 64,304
SHAREHOLDERS' FUNDS 64,587 64,404

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 31 July 2025 and were signed on its behalf by:





G P Spiers - Director


Matthews & Son (Repairs) Ltd. (Registered number: 08447930)

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

1. STATUTORY INFORMATION

Matthews & Son (Repairs) Ltd. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on cost

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 statement of financial position date.


Matthews & Son (Repairs) Ltd. (Registered number: 08447930)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 57,313
Disposals (28,638 )
At 31 March 2025 28,675
DEPRECIATION
At 1 April 2024 43,503
Charge for year 5,735
Eliminated on disposal (28,638 )
At 31 March 2025 20,600
NET BOOK VALUE
At 31 March 2025 8,075
At 31 March 2024 13,810

Matthews & Son (Repairs) Ltd. (Registered number: 08447930)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 45,488 37,118
Other debtors 11,738 11,738
Prepayments 18,347 13,970
75,573 62,826

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts (see note 8) 1,883 4,519
Trade creditors 18,280 11,536
Tax 3,947 3,980
Social security and other taxes 2,263 2,068
VAT 8,718 22,951
Directors' current accounts 13,621 11,621
Accrued expenses 1,904 1,753
50,616 58,428

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts (see note 8) - 1,883

Matthews & Son (Repairs) Ltd. (Registered number: 08447930)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.25 31.3.24
£    £   
Gross obligations repayable:
Within one year 2,088 5,010
Between one and five years - 2,088
2,088 7,098

Finance charges repayable:
Within one year 205 491
Between one and five years - 205
205 696

Net obligations repayable:
Within one year 1,883 4,519
Between one and five years - 1,883
1,883 6,402

9. ULTIMATE CONTROLLING PARTY

The controlling party is G P Spiers.

The ultimate controlling party is G P Spiers.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Matthews & Son (Repairs) Ltd.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Matthews & Son (Repairs) Ltd. for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Matthews & Son (Repairs) Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Matthews & Son (Repairs) Ltd. and state those matters that we have agreed to state to the Board of Directors of Matthews & Son (Repairs) Ltd., as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Matthews & Son (Repairs) Ltd. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Matthews & Son (Repairs) Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Matthews & Son (Repairs) Ltd.. You consider that Matthews & Son (Repairs) Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Matthews & Son (Repairs) Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hall & Co Accountancy Ltd
Unit 96 The Maltings
Stanstead Abbotts
Ware
Hertfordshire
SG12 8HG


31 July 2025