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REGISTERED NUMBER: 04526099 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Keith Matthews Electrical Contractors
Limited

Keith Matthews Electrical Contractors
Limited (Registered number: 04526099)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Keith Matthews Electrical Contractors
Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R Matthews
J M Matthews
S E Hawksworth





SECRETARY: S E Hawksworth





REGISTERED OFFICE: 114 Town Moor Lane
Thurstonland
Huddersfield
West Yorkshire
HD4 6XF





REGISTERED NUMBER: 04526099 (England and Wales)





ACCOUNTANTS: Lindley Adams Limited Chartered Accountants
28 Prescott Street
Halifax
West Yorkshire
HX1 2LG

Keith Matthews Electrical Contractors
Limited (Registered number: 04526099)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 5 - 2,318
Tangible assets 6 956 1,264
956 3,582

CURRENT ASSETS
Debtors 7 54,684 59,827
Cash at bank 14,980 4,310
69,664 64,137
CREDITORS
Amounts falling due within one year 8 34,594 36,961
NET CURRENT ASSETS 35,070 27,176
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,026

30,758

CREDITORS
Amounts falling due after more than one
year

9

(2,105

)

(6,260

)

PROVISIONS FOR LIABILITIES (182 ) (240 )
NET ASSETS 33,739 24,258

CAPITAL AND RESERVES
Called up share capital 9 9
Retained earnings 33,730 24,249
SHAREHOLDERS' FUNDS 33,739 24,258

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

Keith Matthews Electrical Contractors
Limited (Registered number: 04526099)

Balance Sheet - continued
31 December 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 8 July 2025 and were signed on its behalf by:




J M Matthews - Director



R Matthews - Director


Keith Matthews Electrical Contractors
Limited (Registered number: 04526099)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Keith Matthews Electrical Contractors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty two years.

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
Fixtures and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Keith Matthews Electrical Contractors
Limited (Registered number: 04526099)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


3. 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.

Government grants
Grants represent the amounts received or due in the period over which they accrue. These are shown as Other Operating income within the accounts.

4. EMPLOYEES AND DIRECTORS

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

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 51,000
AMORTISATION
At 1 January 2024 48,682
Amortisation for year 2,318
At 31 December 2024 51,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 2,318

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024
and 31 December 2024 1,008 1,336 20,745 3,832 26,921
DEPRECIATION
At 1 January 2024 441 1,261 20,123 3,832 25,657
Charge for year 142 11 155 - 308
At 31 December 2024 583 1,272 20,278 3,832 25,965
NET BOOK VALUE
At 31 December 2024 425 64 467 - 956
At 31 December 2023 567 75 622 - 1,264

Keith Matthews Electrical Contractors
Limited (Registered number: 04526099)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 37,867 45,260
Directors' loan accounts 16,587 13,511
Prepayments 230 1,056
54,684 59,827

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 4,146 4,040
Trade creditors 8,346 12,555
Tax 8,456 5,858
Social security and other taxes 669 521
VAT 9,676 9,578
Other creditors 1,161 1,613
Directors' loan accounts - 456
Accrued expenses 2,140 2,340
34,594 36,961

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans - 1-2 years 2,105 4,146
Bank loans - 2-5 years - 2,114
2,105 6,260

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 540 540

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
J M Matthews
Balance outstanding at start of year 2,194 522
Amounts advanced 4,302 3,192
Amounts repaid (4,520 ) (1,520 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,976 2,194

Keith Matthews Electrical Contractors
Limited (Registered number: 04526099)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

R Matthews
Balance outstanding at start of year 11,317 13,455
Amounts advanced 22,450 12,910
Amounts repaid (20,000 ) (15,048 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,767 11,317

S E Hawksworth
Balance outstanding at start of year - -
Amounts advanced 844 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 844 -

The loans are repayable on demand. Interest is charged at 2.25% on the loan account of Mr R Matthews.