REGISTERED NUMBER: 02682383 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Matthews (Sussex) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Matthews

SECRETARY:

M Matthews

REGISTERED OFFICE:

Stephenson Place

Stephenson Way

Three Bridges

West Sussex

RH10 1TN

REGISTERED NUMBER:

02682383 (England and Wales)

AUDITORS:

Bentleys Accounting Limited (Statutory Auditor)

5 Hazelgrove Road

Haywards Heath

West Sussex

RH16 3PH

FIXED ASSETS

Tangible assets

4

1,593,653

1,937,595

CURRENT ASSETS

Stocks

48,066

154,677

Debtors

5

538,347

720,663

Cash at bank

560,563

507,384

1,146,976

1,382,724

CREDITORS

Amounts falling due within one year

6

411,241

562,120

NET CURRENT ASSETS

735,735

820,604

TOTAL ASSETS LESS CURRENT LIABILITIES

2,329,388

2,758,199

CREDITORS

Amounts falling due after more than one year

7

-

(248,556

)

PROVISIONS FOR LIABILITIES

(336,941

)

(406,911

)

NET ASSETS

1,992,447

2,102,732

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,992,445

2,102,730

SHAREHOLDERS' FUNDS

1,992,447

2,102,732

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 director and authorised for issue on 17 September 2025 and were signed by:

M Matthews - Director

1.	STATUTORY INFORMATION

Matthews (Sussex) 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 36 (2024 - 39 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

206,000

5,005,746

53,969

47,957

5,313,672

Disposals

-

(533,000

)

-

-

(533,000

)

At 31 March 2025

206,000

4,472,746

53,969

47,957

4,780,672

DEPRECIATION

At 1 April 2024

-

3,297,677

37,365

41,035

3,376,077

Charge for year

-

306,582

630

3,972

311,184

Eliminated on disposal

-

(500,242

)

-

-

(500,242

)

At 31 March 2025

-

3,104,017

37,995

45,007

3,187,019

NET BOOK VALUE

At 31 March 2025

206,000

1,368,729

15,974

2,950

1,593,653

At 31 March 2024

206,000

1,708,069

16,604

6,922

1,937,595

Included within the net book value of Tangible Fixed Assets is £ Nil (2024: £541,933) relating to assets held under hire purchase agreements. The depreciation charge to the financial statements in the year in respect of such assets amounts to £ Nil (2024 - £ 135,483).

5.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

359,310

676,825

Prepayments

38,285

43,838

397,595

720,663

Amounts falling due after more than one year:

Amounts owed by group undertakings

140,752

-

Aggregate amounts

538,347

720,663

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

-

140,472

Trade creditors

263,135

245,942

Social security, other taxes

112,150

131,373

Directors' current accounts

342

-

Accruals

35,614

44,267

Accrued expenses

-

66

411,241

562,120

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

-

49,308

Amounts owed to group undertakings

-

199,248

-

248,556

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Richard Bentley (Senior Statutory Auditor)

for and on behalf of Bentleys Accounting Limited (Statutory Auditor)

9.	RELATED PARTY DISCLOSURES

HOLBROOK LIMITED is regarded by the director as being the company's ultimate parent company.