REGISTERED NUMBER: 07920899 (England and Wales)

Jack Matthews Limited

Unaudited Financial Statements

for the Year Ended 31 January 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

J L Matthews

SECRETARY:

Mrs H L Matthews

REGISTERED OFFICE:

Unit 1, Goat Lees

Trinity Road

Kennington

Ashford

Kent

TN25 4AB

BUSINESS ADDRESS:

Woodside House

Exted

Elham

Canterbury

Kent

CT4 6YG

REGISTERED NUMBER:

07920899 (England and Wales)

ACCOUNTANTS:

Edwards & Co

Chartered Accountants

Unit 1, Goat Lees

Trinity Road

Ashford

Kent

TN25 4AB

FIXED ASSETS

Tangible assets

4

354

472

CURRENT ASSETS

Inventories

11,000

8,100

Debtors

5

45,904

34,667

Cash at bank and in hand

2,361

352

59,265

43,119

CREDITORS

Amounts falling due within one year

6

42,658

41,379

NET CURRENT ASSETS

16,607

1,740

TOTAL ASSETS LESS CURRENT LIABILITIES

16,961

2,212

CREDITORS

Amounts falling due after more than one year

7

10,107

15,666

NET ASSETS/(LIABILITIES)

6,854

(13,454

)

CAPITAL AND RESERVES

Called up share capital

250

250

Retained earnings

6,604

(13,704

)

SHAREHOLDERS' FUNDS

6,854

(13,454

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 9 July 2025 and were signed by:

J L Matthews - Director

1.	STATUTORY INFORMATION

Jack Matthews 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.	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.

Income recognition

Income represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Inventories

Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.

In respect of work in progress and finished goods, cost includes an appropriate proportion of attributable overheads according to the stage of manufacture/completion.

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable which are measured at fair value, with changes recognised in profit or loss.

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.

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.

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 1 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

and 31 January 2025

4,613

DEPRECIATION

At 1 February 2024

4,141

Charge for year

118

At 31 January 2025

4,259

NET BOOK VALUE

At 31 January 2025

354

At 31 January 2024

472

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

37,293

11,154

Other debtors

8,611

23,513

45,904

34,667

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

17,235

23,475

Trade creditors

6,205

11,884

Taxation and social security

15,307

3,629

Other creditors

3,911

2,391

42,658

41,379

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

10,107

15,666

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

J L Matthews

Balance outstanding at start of year

14,924

26,033

Amounts advanced

-

891

Amounts repaid

(14,924

)

(12,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

14,924