REGISTERED NUMBER: 04946063 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

MATTHEW THICKETT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M C Thickett

REGISTERED OFFICE:

Ossington Chambers

6/8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

REGISTERED NUMBER:

04946063 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

FIXED ASSETS

Tangible assets

4

72,278

82,766

CURRENT ASSETS

Debtors

5

-

1,201

Cash at bank

13,775

4,198

13,775

5,399

CREDITORS

Amounts falling due within one year

6

93,001

82,398

NET CURRENT LIABILITIES

(79,226

)

(76,999

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,948

)

5,767

CREDITORS

Amounts falling due after more than one year

7

(11,452

)

(17,837

)

PROVISIONS FOR LIABILITIES

9

(1,980

)

(3,183

)

NET LIABILITIES

(20,380

)

(15,253

)

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

(20,382

)

(15,255

)

SHAREHOLDERS' FUNDS

(20,380

)

(15,253

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 5th December 2025 and were signed by:

M C Thickett - Director

1.	STATUTORY INFORMATION

Matthew Thickett Ltd 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st April 2024

122,990

-

122,990

Additions

550

6,500

7,050

At 31st March 2025

123,540

6,500

130,040

DEPRECIATION

At 1st April 2024

40,224

-

40,224

Charge for year

16,590

948

17,538

At 31st March 2025

56,814

948

57,762

NET BOOK VALUE

At 31st March 2025

66,726

5,552

72,278

At 31st March 2024

82,766

-

82,766

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1st April 2024

and 31st March 2025

65,000

DEPRECIATION

At 1st April 2024

18,590

Charge for year

7,072

At 31st March 2025

25,662

NET BOOK VALUE

At 31st March 2025

39,338

At 31st March 2024

46,410

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

-

196

VAT

-

1,005

-

1,201

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

1,632

1,592

Hire purchase contracts

4,714

4,714

Trade creditors

641

-

Social security and other taxes

658

243

Directors' current accounts

84,226

74,718

Accrued expenses

1,130

1,131

93,001

82,398

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans - 1-2 years

452

1,592

Bank loans - 2-5 years

-

531

Hire purchase contracts

11,000

15,714

11,452

17,837

8.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/3/24

£

£

Hire purchase contracts

15,714

20,428

The hire purchase liabilities are secured on the assets to which they relate.

9.	PROVISIONS FOR LIABILITIES

31/3/25

31/3/24

£

£

Deferred tax

1,980

3,183

Deferred

tax

£

Balance at 1st April 2024

3,183

Credit to Statement of Income and Retained Earnings during year

(1,203

)

Balance at 31st March 2025

1,980

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

£

2

Ordinary

£1

2

2

11.	ULTIMATE CONTROLLING PARTY

Mr M C Thickett owns 100% of the issued share capital of the company.