Matthew Southall (Dudley) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00462786 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

MATTHEW SOUTHALL (DUDLEY) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G R Bradley

A Bradley

Mrs D S D Bradley

SECRETARY:

Mrs D S D Bradley

REGISTERED OFFICE:

62/63 Tower Street

Dudley

West Midlands

DY1 1NH

REGISTERED NUMBER:

00462786 (England and Wales)

ACCOUNTANTS:

Saxon & Co Accountants Ltd

Chartered Certified Accountants

Kings Chambers

Queens Cross

High Street

Dudley

West Midlands

DY1 1QT

FIXED ASSETS

Tangible assets

4

158,252

165,105

CURRENT ASSETS

Stocks

36,762

36,389

Debtors

5

115,097

153,701

Cash at bank

10,489

16,398

162,348

206,488

CREDITORS

Amounts falling due within one year

6

120,080

169,861

NET CURRENT ASSETS

42,268

36,627

TOTAL ASSETS LESS CURRENT
LIABILITIES

200,520

201,732

CREDITORS

Amounts falling due after more than one year

7

(5,000

)

(15,000

)

PROVISIONS FOR LIABILITIES

(6,793

)

(8,095

)

NET ASSETS

188,727

178,637

CAPITAL AND RESERVES

Called up share capital

10,000

Revaluation reserve

8

152,682

Other reserves

3,333

Retained earnings

22,712

12,622

SHAREHOLDERS' FUNDS

188,727

178,637

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2025 and were signed on its behalf by:

G R Bradley - Director

1.	STATUTORY INFORMATION

Matthew Southall (Dudley) 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 as modified by the revaluation of certain assets.

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.

Freehold property

-

2% on cost

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% on reducing balance

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 Statement of Income and Retained Earnings, 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.

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 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

COST OR VALUATION

At 1 February 2024

and 31 January 2025

150,000

8,840

9,661

DEPRECIATION

At 1 February 2024

3,000

4,558

9,477

Charge for year

3,000

427

18

At 31 January 2025

6,000

4,985

9,495

NET BOOK VALUE

At 31 January 2025

144,000

3,855

166

At 31 January 2024

147,000

4,282

184

Motor

Computer

vehicles

equipment

Totals

£

COST OR VALUATION

At 1 February 2024

and 31 January 2025

45,600

595

214,696

DEPRECIATION

At 1 February 2024

31,961

595

49,591

Charge for year

3,408

-

6,853

At 31 January 2025

35,369

595

56,444

NET BOOK VALUE

At 31 January 2025

10,231

-

158,252

At 31 January 2024

13,639

-

165,105

Cost or valuation at 31 January 2025 is represented by:

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

Valuation in 2011

105,595

-

Valuation in 2023

27,500

-

Cost

16,905

8,840

9,661

150,000

8,840

9,661

Motor

Computer

vehicles

equipment

Totals

£

Valuation in 2011

-

105,595

Valuation in 2023

-

27,500

Cost

45,600

595

81,601

45,600

595

214,696

If Freehold property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

16,905

Aggregate depreciation

12,905

Value of land in freehold land and buildings

4,000

Freehold property was valued on an open market basis on 31 January 2023 by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

88,284

114,252

Directors' current accounts

17,112

28,253

Taxation

5,775

7,841

VAT

2,109

1,851

Prepayments

1,817

1,504

115,097

153,701

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

9,996

Trade creditors

101,734

145,234

Tax

1,712

6,120

Social security and other taxes

3,308

2,201

Accrued expenses

3,330

6,310

120,080

169,861

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 1-2 years

5,000

10,000

Bank loans - 2-5 years

-

5,000

15,000

8.

RESERVES

Revaluation

reserve

£

At 1 February 2024

and 31 January 2025

152,682