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Company No: 05094597 (England and Wales)

MATT GREGORY (TRANSPORT) LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

MATT GREGORY (TRANSPORT) LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

MATT GREGORY (TRANSPORT) LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2025
MATT GREGORY (TRANSPORT) LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025
DIRECTOR Matthew William Ellis Gregory
SECRETARY Nicole Marie Gregory
REGISTERED OFFICE Gascoyne House Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
IP28 6JY
United Kingdom
COMPANY NUMBER 05094597 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
MATT GREGORY (TRANSPORT) LIMITED

BALANCE SHEET

As at 31 March 2025
MATT GREGORY (TRANSPORT) LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 3,506,138 1,881,118
3,506,138 1,881,118
Current assets
Stocks 4 27,500 27,500
Debtors 5 372,578 413,139
Cash at bank and in hand 272,569 465,614
672,647 906,253
Creditors: amounts falling due within one year 6 ( 456,711) ( 491,444)
Net current assets 215,936 414,809
Total assets less current liabilities 3,722,074 2,295,927
Creditors: amounts falling due after more than one year 7 ( 1,779,908) ( 602,751)
Provision for liabilities ( 202,071) ( 170,609)
Net assets 1,740,095 1,522,567
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 1,739,995 1,522,467
Total shareholders' funds 1,740,095 1,522,567

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.

Director's responsibilities:

The financial statements of Matt Gregory (Transport) Limited (registered number: 05094597) were approved and authorised for issue by the Director on 11 August 2025. They were signed on its behalf by:

Matthew William Ellis Gregory
Director
MATT GREGORY (TRANSPORT) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
MATT GREGORY (TRANSPORT) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Matt Gregory (Transport) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Gascoyne House Moseleys Farm Business Centre, Fornham All Saints, Bury St Edmunds, IP28 6JY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the Balance Sheet date. This is normally measured by the proportion that contract costs incurred for work performed to date bear to the estimated total contract costs, except where this would not be representative of the stage of completion. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.

When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings depreciated over the life of the lease
Leasehold improvements depreciated over the life of the lease
Assets under construction not depreciated
Plant and machinery 25 % reducing balance
Vehicles 15 - 25 % reducing balance
Tools and equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases


The Company as lessor
Amounts due from lessees under finance leases are recognised as receivables at the amount of the company’s net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the company’s net investment outstanding in respect of leases.

Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 9 7

3. Tangible assets

Land and buildings Leasehold improve-
ments
Assets under construc-
tion
Plant and machinery Vehicles Tools and equipment Total
£ £ £ £ £ £ £
Cost
At 01 April 2024 0 886,726 276,677 836,014 1,335,504 63,818 3,398,739
Additions 1,383,778 0 121,614 228,937 72,541 0 1,806,870
At 31 March 2025 1,383,778 886,726 398,291 1,064,951 1,408,045 63,818 5,205,609
Accumulated depreciation
At 01 April 2024 0 0 0 615,872 873,976 27,773 1,517,621
Charge for the financial year 0 0 0 82,311 90,528 9,011 181,850
At 31 March 2025 0 0 0 698,183 964,504 36,784 1,699,471
Net book value
At 31 March 2025 1,383,778 886,726 398,291 366,768 443,541 27,034 3,506,138
At 31 March 2024 0 886,726 276,677 220,142 461,528 36,045 1,881,118

4. Stocks

2025 2024
£ £
Stocks 27,500 27,500

5. Debtors

2025 2024
£ £
Trade debtors 342,564 321,330
CIS suffered 730 0
Other debtors 29,284 91,809
372,578 413,139

6. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 52,677 56,095
Trade creditors 116,909 229,118
Taxation and social security 91,605 119,814
Obligations under finance leases and hire purchase contracts 86,609 81,638
Other creditors 108,911 4,779
456,711 491,444

7. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans 1,754,948 491,378
Obligations under finance leases and hire purchase contracts 24,960 111,373
1,779,908 602,751

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

9. Related party transactions

Transactions with the entity's director

2025 2024
£ £
Balance owed to directors 102,370 (3,629)
0 0