Acorah Software Products - Accounts Production 16.7.461 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 03697318 Mr I L Corica Mr M L Corica Mr M Corica Mrs D J Newitt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03697318 2024-02-29 03697318 2025-02-28 03697318 2024-03-01 2025-02-28 03697318 frs-core:CurrentFinancialInstruments 2025-02-28 03697318 frs-core:Non-currentFinancialInstruments 2025-02-28 03697318 frs-core:ComputerEquipment 2025-02-28 03697318 frs-core:ComputerEquipment 2024-03-01 2025-02-28 03697318 frs-core:ComputerEquipment 2024-02-29 03697318 frs-core:FurnitureFittings 2025-02-28 03697318 frs-core:FurnitureFittings 2024-03-01 2025-02-28 03697318 frs-core:FurnitureFittings 2024-02-29 03697318 frs-core:PlantMachinery 2025-02-28 03697318 frs-core:PlantMachinery 2024-03-01 2025-02-28 03697318 frs-core:PlantMachinery 2024-02-29 03697318 frs-core:ShareCapital 2025-02-28 03697318 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 03697318 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 03697318 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 03697318 frs-bus:SmallEntities 2024-03-01 2025-02-28 03697318 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 03697318 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 03697318 frs-bus:Director1 2024-03-01 2025-02-28 03697318 frs-bus:Director1 2024-02-29 03697318 frs-bus:Director1 2025-02-28 03697318 frs-bus:Director2 2024-03-01 2025-02-28 03697318 frs-bus:Director3 2024-03-01 2025-02-28 03697318 frs-bus:CompanySecretary1 2024-03-01 2025-02-28 03697318 frs-countries:EnglandWales 2024-03-01 2025-02-28 03697318 2023-02-28 03697318 2024-02-29 03697318 2023-03-01 2024-02-29 03697318 frs-core:CurrentFinancialInstruments 2024-02-29 03697318 frs-core:Non-currentFinancialInstruments 2024-02-29 03697318 frs-core:ShareCapital 2024-02-29 03697318 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 03697318
Michael Matthews Jewellery Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
MAR Kilshaw Limited
99 Stanley Road
Bootle
Liverpool
Merseyside
L20 7DA
Michael Matthews Jewellery Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Unaudited Financial Statements

Contents
| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Michael Matthews Jewellery Limited
Balance Sheet
As At 28 February 2025
Balance Sheet
Registered number: 03697318

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 3 |  | 63,902 |  | 73,895
|  |  | 63,902 |  | 73,895
CURRENT ASSETS
Stocks | 4 | 3,381,059 |  | 3,512,881 |
Debtors | 5 | 397,890 |  | 378,374 |
Cash at bank and in hand |  | 57,698 |  | 52,172 |
|  | 3,836,647 |  | 3,943,427 |
Creditors: Amounts Falling Due Within One Year | 6 | (657,155 ) |  | (693,669 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 3,179,492 |  | 3,249,758
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 3,243,394 |  | 3,323,653
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (2,500 ) |  | (12,500 )
NET ASSETS |  |  | 3,240,894 |  | 3,311,153
CAPITAL AND RESERVES
Called up share capital | 9 |  | 1,200 |  | 1,200
Profit and Loss Account |  |  | 3,239,694 |  | 3,309,953
SHAREHOLDERS' FUNDS |  |  | 3,240,894 |  | 3,311,153

Page 1
Page 2
Michael Matthews Jewellery Limited
Balance Sheet (continued)
As At 28 February 2025
For the year ending 28 February 2025 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

Mr I L Corica Director | Mr M L Corica Director | Mr M Corica Director
27 November 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Michael Matthews Jewellery Limited
Notes to the Financial Statements
For The Year Ended 28 February 2025
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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 | 25% Reducing Balance
Fixtures & Fittings | 15% Reducing Balance
Computer Equipment | 25% Reducing Balance

1.4. 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.
1.5. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
1.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 15 (2024: 13)
15 13
Page 3
Page 4
Michael Matthews Jewellery Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
3. Tangible Assets

| Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 March 2024 | - | 824,482 | 5,057 | 829,539
Additions | 1,598 | - | - | 1,598
As at 28 February 2025 | 1,598 | 824,482 | 5,057 | 831,137
Depreciation
As at 1 March 2024 | - | 751,651 | 3,993 | 755,644
Provided during the period | 400 | 10,925 | 266 | 11,591
As at 28 February 2025 | 400 | 762,576 | 4,259 | 767,235
Net Book Value
As at 28 February 2025 | 1,198 | 61,906 | 798 | 63,902
As at 1 March 2024 | - | 72,831 | 1,064 | 73,895

4. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 3,381,059 |  | 3,512,881

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 27,350 |  | 146,828
Other debtors | 292,861 |  | 231,546
| 320,211 |  | 378,374
Due after more than one year
Other debtors | 77,679 |  | -
| 77,679 |  | -
| 397,890 |  | 378,374

Page 4
Page 5
Michael Matthews Jewellery Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 95,307 |  | 83,371
Bank loans and overdrafts | 361,056 |  | 359,501
Other creditors | 26,476 |  | 151,798
Taxation and social security | 174,316 |  | 98,999
| 657,155 |  | 693,669

7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 2,500 |  | 12,500
| 2,500 |  | 12,500

8. Secured Creditors
Of the creditors the following amounts are secured.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 351,056 |  | 349,501

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,200 |  | 1,200

10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 March 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 28 February 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Ian Corica | 231,547 | 131,939 | (120,625 ) | - | 242,861

The above loan is unsecured, interest free and repayable on demand.
11. General Information
Michael Matthews Jewellery Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03697318 . The registered office is 99 Stanley Road, Bootle, Merseyside, L20 7DA.
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