Matlock Boats and Train Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 09382052 (England and Wales)

MATLOCK BOATS AND TRAIN LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A Coffey

Mrs A S Coffey

REGISTERED OFFICE:

5 Cherrytree

Union Road

Sheffield

South Yorkshire

S11 9EF

REGISTERED NUMBER:

09382052 (England and Wales)

ACCOUNTANTS:

Duncan Chartered Accountants

5 Cherrytree

Union Road

Sheffield

South Yorkshire

S11 9EF

FIXED ASSETS

Intangible assets

4

-

1,000

Tangible assets

5

68,974

69,623

68,974

70,623

CURRENT ASSETS

Stocks

1,496

1,667

Debtors

6

831

456

Cash at bank and in hand

1,388

303

3,715

2,426

CREDITORS

Amounts falling due within one year

7

30,460

29,176

NET CURRENT LIABILITIES

(26,745

)

(26,750

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

42,229

43,873

CREDITORS

Amounts falling due after more than one
year

8

(15,665

)

(18,931

)

PROVISIONS FOR LIABILITIES

(10,065

)

(9,986

)

NET ASSETS

16,499

14,956

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

16,399

14,856

SHAREHOLDERS' FUNDS

16,499

14,956

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 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 6 October 2025 and were signed on its behalf by:

Mrs A S Coffey - Director

J A Coffey - Director

1.	STATUTORY INFORMATION

Matlock Boats and Train Ltd 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.

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 2015, is being 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.

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

-

5% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Stocks

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

10,000

AMORTISATION

At 1 February 2024

9,000

Charge for year

1,000

At 31 January 2025

10,000

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

1,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 February 2024

94,944

1,655

1,614

98,213

Additions

5,280

139

-

5,419

Disposals

-

(90

)

-

(90

)

At 31 January 2025

100,224

1,704

1,614

103,542

DEPRECIATION

At 1 February 2024

25,551

1,625

1,414

28,590

Charge for year

5,803

65

200

6,068

Eliminated on disposal

-

(90

)

-

(90

)

At 31 January 2025

31,354

1,600

1,614

34,568

NET BOOK VALUE

At 31 January 2025

68,870

104

-

68,974

At 31 January 2024

69,393

30

200

69,623

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Other debtors

831

456

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Bank loans and overdrafts

2,225

2,200

Trade creditors

1,016

77

Tax

517

1,194

Other creditors

8,455

4,371

Directors' current accounts

15,147

18,468

Accrued expenses

2,033

1,799

Deferred government grants

1,067

30,460

29,176

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.1.25

31.1.24

£

Bank loans - 1-2 years

734

2,933

Deferred government grants

14,931

15,998

15,665

18,931

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

100

Ordinary

1

100