Company Registration No. 06001589 (England and Wales)
Matt Burrows Construction Ltd
Unaudited financial statements
for the year ended 31 March 2025
Pages for filing with the registrar
Matt Burrows Construction Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 8
Matt Burrows Construction Ltd
Statement of financial position
As at 31 March 2025
1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
49,874
32,495
Current assets
Debtors
4
1,857,688
2,622,937
Cash at bank and in hand
631,203
404,879
2,488,891
3,027,816
Creditors: amounts falling due within one year
5
(711,260)
(573,685)
Net current assets
1,777,631
2,454,131
Total assets less current liabilities
1,827,505
2,486,626
Creditors: amounts falling due after more than one year
6
(85,929)
(154,414)
Provisions for liabilities
(316,787)
(301,757)
Net assets
1,424,789
2,030,455
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
1,424,589
2,030,255
Total equity
1,424,789
2,030,455

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Matt Burrows Construction Ltd
Statement of financial position (continued)
As at 31 March 2025
2
The financial statements were approved by the board of directors and authorised for issue on 10 November 2025 and are signed on its behalf by:
Philippa Burrows
Director
Company Registration No. 06001589
Matt Burrows Construction Ltd
Notes to the financial statements
For the year ended 31 March 2025
3
1
Accounting policies
Company information

Matt Burrows Construction Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Millstream Works Station Road, Wickwar, Wotton-Under-Edge, Gloucestershire, England, GL12 8NB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
25% straight line
Plant and equipment
25% - 40% reducing balance basis
Computers
20% - 33% straight line basis
Motor vehicles
25% & 40% reducing balance basis

Freehold land is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Matt Burrows Construction Ltd
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies (continued)
4

Recoverable amount is the higher of fair value less costs to sell and value in use.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount, and a n impairment loss is recognised immediately in profit or loss.

1.5
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Matt Burrows Construction Ltd
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies (continued)
5
1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Where items recognised in other comprehensive income or equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i s measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

Matt Burrows Construction Ltd
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies (continued)
6
1.13
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
40
34
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
14,256
174,013
188,269
Additions
35,510
7,314
42,824
Disposals
-
0
(11,389)
(11,389)
At 31 March 2025
49,766
169,938
219,704
Depreciation and impairment
At 1 April 2024
3,564
152,210
155,774
Depreciation charged in the year
12,442
13,003
25,445
Eliminated in respect of disposals
-
0
(11,389)
(11,389)
At 31 March 2025
16,006
153,824
169,830
Carrying amount
At 31 March 2025
33,760
16,114
49,874
At 31 March 2024
10,692
21,803
32,495
Matt Burrows Construction Ltd
Notes to the financial statements (continued)
For the year ended 31 March 2025
7
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,054,264
1,098,015
Other debtors
336,134
1,073,191
1,390,398
2,171,206
Deferred tax asset
11,538
10,920
1,401,936
2,182,126
2025
2024
Amounts falling due after more than one year:
£
£
Trade debtors
455,752
440,811
Total debtors
1,857,688
2,622,937
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
40,000
43,333
Trade creditors
77,403
50,420
Corporation tax
65,708
83,181
Other taxation and social security
202,986
197,692
Other creditors
325,163
199,059
711,260
573,685
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
20,000
60,000
Taxation and social security
65,929
94,414
85,929
154,414
7
Financial commitments, guarantees and contingent liabilities

The company is party to an Omnibus Guarantee and Set-Off Agreement in favour of the company's bankers in respect of the following related companies, MB Scaffolding Ltd and M & PB Holdings Ltd. As at 31 March 2025 the potential liability was £Nil (2024: £Nil).

Matt Burrows Construction Ltd
Notes to the financial statements (continued)
For the year ended 31 March 2025
8
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
146,302
82,704
9
Related party transactions

At 31 March 202 5, MB Scaffolding Limited, a company related by virtue of common director, owed the company £60,000 (202 4: £205,000). This loan is interest free and there is no set date of repayment.

At 31 March 202 5, M & PB Holdings Limited, a company related by virtue of common director, owed the company £210,000 (202 4: £210,000). This loan is interest free and there is no set date of repayment.

10
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Directors
2.25
583,245
(583,245)
-
583,245
(583,245)
-
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