Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 05839452 Y Materia Z Materia iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05839452 2023-12-31 05839452 2024-12-31 05839452 2024-01-01 2024-12-31 05839452 frs-core:CurrentFinancialInstruments 2024-12-31 05839452 frs-core:MotorVehicles 2024-12-31 05839452 frs-core:MotorVehicles 2024-01-01 2024-12-31 05839452 frs-core:MotorVehicles 2023-12-31 05839452 frs-core:PlantMachinery 2024-12-31 05839452 frs-core:PlantMachinery 2024-01-01 2024-12-31 05839452 frs-core:PlantMachinery 2023-12-31 05839452 frs-core:ShareCapital 2024-12-31 05839452 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05839452 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05839452 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05839452 frs-bus:SmallEntities 2024-01-01 2024-12-31 05839452 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05839452 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05839452 frs-bus:Director1 2024-01-01 2024-12-31 05839452 frs-bus:Director2 2024-01-01 2024-12-31 05839452 frs-core:CurrentFinancialInstruments 1 2024-12-31 05839452 frs-countries:EnglandWales 2024-01-01 2024-12-31 05839452 2022-12-31 05839452 2023-12-31 05839452 2023-01-01 2023-12-31 05839452 frs-core:CurrentFinancialInstruments 2023-12-31 05839452 frs-core:ShareCapital 2023-12-31 05839452 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05839452 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 05839452
Matsons Ltd
Financial Statements
For The Year Ended 31 December 2024
Matsons Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—4

Page 1
Matsons Ltd
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 05839452

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 8,939 |  | 13,888
|  |  | 8,939 |  | 13,888
CURRENT ASSETS
Stocks | 5 | 1,476,456 |  | 1,623,450 |
Debtors | 6 | - |  | 9,236 |
Cash at bank and in hand |  | 20,342 |  | 38,122 |
|  | 1,496,798 |  | 1,670,808 |
Creditors: Amounts Falling Due Within One Year | 7 | (1,411,183 ) |  | (1,353,838 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 85,615 |  | 316,970
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 94,554 |  | 330,858
NET ASSETS |  |  | 94,554 |  | 330,858
CAPITAL AND RESERVES
Called up share capital | 8 |  | 50,002 |  | 50,002
Profit and Loss Account |  |  | 44,552 |  | 280,856
SHAREHOLDERS' FUNDS |  |  | 94,554 |  | 330,858

Page 1
Page 2
Matsons Ltd
Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Z Materia Director
16th October 2025

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Matsons Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Matsons Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05839452 . The registered office is Watergates Accountants, 109 Coleman Road, Leicester, LE5 4LE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 15 % On cost
Motor Vehicles | 15% On cost

2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2023: 22)
20 22
4. Tangible Assets

| Plant & Machinery | Motor Vehicles | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2024 | 48,833 | 94,869 | 143,702
As at 31 December 2024 | 48,833 | 94,869 | 143,702
Depreciation
As at 1 January 2024 | 39,946 | 89,868 | 129,814
Provided during the period | 3,074 | 1,875 | 4,949
As at 31 December 2024 | 43,020 | 91,743 | 134,763

...CONTINUED
Page 3
Page 4
Matsons Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024 | 5,813 | 3,126 | 8,939
As at 1 January 2024 | 8,887 | 5,001 | 13,888

5. Stocks

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Stock | 1,476,456 |  | 1,623,450

6. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
VAT | - |  | 9,236

7. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 296,693 |  | 560,698
Other taxes and social security | 14,110 |  | 5,867
VAT | 14,280 |  | -
Net wages | 29,666 |  | -
Other creditors | 100 |  | 100
Other creditors (1) | 423,327 |  | 302,490
Accruals and deferred income | 3,300 |  | 25,828
Directors' loan accounts | 629,707 |  | 458,855
| 1,411,183 |  | 1,353,838

8. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 50,002 |  | 50,002

Page 4