Boston Matthews Machinery Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01815679 (England and Wales)

BOSTON MATTHEWS MACHINERY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 OCTOBER 2023 TO 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C T Brookes

R A Brookes

SECRETARY:

S J Brookes

REGISTERED OFFICE:

Navigation Road

Diglis

Worcester

Worcestershire

WR5 3DE

REGISTERED NUMBER:

01815679 (England and Wales)

ACCOUNTANTS:

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

FIXED ASSETS

Intangible assets

4

2,667

5,167

Tangible assets

5

131,358

157,642

Investments

6

100

134,125

162,909

CURRENT ASSETS

Debtors

7

94,605

84,919

Cash at bank

73

1,788

94,678

86,707

CREDITORS

Amounts falling due within one year

8

32,851

30,088

NET CURRENT ASSETS

61,827

56,619

TOTAL ASSETS LESS CURRENT
LIABILITIES

195,952

219,528

CREDITORS

Amounts falling due after more than one
year

9

(5,000

)

(22,544

)

PROVISIONS FOR LIABILITIES

(1,442

)

(4,614

)

NET ASSETS

189,510

192,370

CAPITAL AND RESERVES

Called up share capital

60,000

Capital redemption reserve

15,000

Retained earnings

114,510

117,370

SHAREHOLDERS' FUNDS

189,510

192,370

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 18 August 2025 and were signed on its behalf by:

R A Brookes - Director

1.	STATUTORY INFORMATION

Boston Matthews Machinery 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Goodwill

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

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.

Website costs is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

2% on cost

Plant and machinery

-

20% on reducing balance

Office equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

50% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period 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 period 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4.	INTANGIBLE FIXED ASSETS

Website

Goodwill

costs

Totals

£

COST

At 1 October 2023

and 31 December 2024

25,000

10,000

35,000

AMORTISATION

At 1 October 2023

25,000

4,833

29,833

Amortisation for period

-

2,500

At 31 December 2024

25,000

7,333

32,333

NET BOOK VALUE

At 31 December 2024

-

2,667

At 30 September 2023

-

5,167

5.	TANGIBLE FIXED ASSETS

Long

Plant and

Office

leasehold

machinery

equipment

£

COST

At 1 October 2023

and 31 December 2024

277,783

652,526

153,261

DEPRECIATION

At 1 October 2023

178,881

624,279

152,493

Charge for period

6,209

7,061

240

At 31 December 2024

185,090

631,340

152,733

NET BOOK VALUE

At 31 December 2024

92,693

21,186

528

At 30 September 2023

98,902

28,247

768

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 October 2023

and 31 December 2024

29,240

258,175

1,370,985

DEPRECIATION

At 1 October 2023

10,660

247,030

1,213,343

Charge for period

5,806

6,968

26,284

At 31 December 2024

16,466

253,998

1,239,627

NET BOOK VALUE

At 31 December 2024

12,774

4,177

131,358

At 30 September 2023

18,580

11,145

157,642

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 October 2023

30,000

24,990

54,990

Transfer to ownership

(30,000

)

-

(30,000

)

At 31 December 2024

-

24,990

DEPRECIATION

At 1 October 2023

22,136

7,419

29,555

Charge for period

-

5,491

Transfer to ownership

(22,136

)

-

(22,136

)

At 31 December 2024

-

12,910

NET BOOK VALUE

At 31 December 2024

-

12,080

At 30 September 2023

7,864

17,571

25,435

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2023

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 30 September 2023

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.9.23

£

Amounts owed by group undertakings

93,792

84,106

Other debtors

813

94,605

84,919

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.9.23

£

Bank loans and overdrafts

10,000

Hire purchase contracts (see note 10)

3,712

5,334

Taxation and social security

4,431

46

Other creditors

14,708

32,851

30,088

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

30.9.23

£

Bank loans

5,000

17,500

Hire purchase contracts (see note 10)

-

5,044

5,000

22,544

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.24

30.9.23

£

Net obligations repayable:

Within one year

3,712

5,334

Between one and five years

-

5,044

3,712

10,378

Non-cancellable

operating leases

31.12.24

30.9.23

£

Within one year

24,735

Between one and five years

98,940

In more than five years

364,841

395,760

488,516

519,435

The lease of premises at Diglis Trading Estate were revised on 27 September 2023 to £24,735 per annum (previously £19,000 per annum). The lease ends on 28 September 2044.

11.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party of the company due to the diversified shareholding.