REGISTERED NUMBER: 01846026 (England and Wales)

Abridged Financial Statements for the Year Ended 30 November 2024

for

MATTHEWS & MATTHEWS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C R Matthews

SECRETARY:

REGISTERED OFFICE:

Woodside

St Andrews Road

Littlestone

Kent

TN28 8RB

REGISTERED NUMBER:

01846026 (England and Wales)

ACCOUNTANTS:

Ashbourne Self-Assessment Services Ltd

Unit 3 Stanley Court

Shearway Business Park

Shearway Road

Folkestone

Kent

CT19 4FJ

FIXED ASSETS

Tangible assets

4

1,998

1,877

CURRENT ASSETS

Stocks

19,632

15,704

Debtors

1,848

1,461

Cash at bank

402

1,300

21,882

18,465

CREDITORS

Amounts falling due within one year

102,656

94,839

NET CURRENT LIABILITIES

(80,774

)

(76,374

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(78,776

)

(74,497

)

CREDITORS

Amounts falling due after more than one year

(700

)

(2,100

)

PROVISIONS FOR LIABILITIES

7

(367

)

(341

)

NET LIABILITIES

(79,843

)

(76,938

)

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

9

(80,843

)

(77,938

)

SHAREHOLDERS' FUNDS

(79,843

)

(76,938

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 September 2025 and were signed by:

C R Matthews - Director

1.	STATUTORY INFORMATION

MATTHEWS & 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.

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.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2023

29,548

Additions

620

At 30 November 2024

30,168

DEPRECIATION

At 1 December 2023

27,671

Charge for year

499

At 30 November 2024

28,170

NET BOOK VALUE

At 30 November 2024

1,998

At 30 November 2023

1,877

5.

LOANS

An analysis of the maturity of loans is given below:

30.11.24

30.11.23

£

£

Amounts falling due within one year or on demand:

Bank loans

1,400

1,400

Amounts falling due between one and two years:

Bank loans - 1-2 years

700

1,400

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

700

6.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.24

30.11.23

£

£

Bank loans

2,100

3,500

7.	PROVISIONS FOR LIABILITIES

30.11.24

30.11.23

£

£

Deferred tax

367

341

Deferred

tax

£

Balance at 1 December 2023

341

Provided during year

26

Balance at 30 November 2024

367

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.24

30.11.23

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.

RESERVES

Retained

earnings

£

At 1 December 2023

(77,938

)

Deficit for the year

(2,905

)

At 30 November 2024

(80,843

)