Mathieson_Ltd_31_Mar_2025_companies_house_set_of

Mathieson Ltd

Statement of Financial Position

31 March 2025

		2025		2024
	Note	£		£
Fixed assets
Tangible assets	6	73,749		62,175
Current assets
Stocks		97,942		105,968
Debtors	7	298,663		286,530
Cash at bank and in hand		340,452		390,976
		737,057		783,474
Creditors: amounts falling due within one year	8	(188,240	)	(173,937	)
Net current assets		548,817		609,537
Total assets less current liabilities		622,566		671,712
Creditors: amounts falling due after more than one year	9	(20,057	)	(24,685	)
Provisions for liabilities		(14,823	)	(14,823	)
Net assets		587,686		632,204
Capital and reserves
Called up share capital		63,126		63,126
Profit and loss account		524,560		569,078
Shareholders funds		587,686		632,204

For the year ending

31 March 2025

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

7 November 2025

, and are signed on behalf of the board by:



A Mathieson	D Mathieson
Director	Director

Company registration number:

SC240741

Mathieson Ltd

Notes to the Financial Statements

Year ended

31 March 2025

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is

c/o Horizon CA

5 La Belle Place

Glasgow

G3 7LH

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.

Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant and machinery	15% reducing balance
Office equipment	25% straight line
Fixtures and fittings	25% reducing balance
Motor vehicles	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024:

11.00

5 Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	92,400
Amortisation
At 1 April 2024 and 31 March 2025	92,400
Carrying amount
At 31 March 2025	-
At 31 March 2024	-

6 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 April 2024	497,227
Additions	39,774
Disposals	(41,547	)
At 31 March 2025	495,454
Depreciation
At 1 April 2024	435,052
Charge	20,296
Disposals	(33,643	)
At 31 March 2025	421,705
Carrying amount
At 31 March 2025	73,749
At 31 March 2024	62,175

7 Debtors

	2025		2024
	£		£
Trade debtors	298,663		286,530

8 Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	4,628	4,628
Trade creditors	135,895	158,457
Taxation and social security	47,063	10,556
Other creditors	654	296
	188,240	173,937

9 Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans and overdrafts	20,057		24,685