T. J. Matthews (Tailors) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC047253 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

T. J. MATTHEWS (TAILORS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Accountants' Report

5

DIRECTORS:

Ms C E Mathieson

E R Lambert

M Norton

REGISTERED OFFICE:

Unit 8 Block 4

Blantyre Industrial Estate

High Blantyre

Glasgow

Lanarkshire

G72 0UP

REGISTERED NUMBER:

SC047253 (Scotland)

ACCOUNTANTS:

Beaumonts Partnership Limited

8 Navigation Court

Calder Park

Wakefield

West Yorkshire

WF2 7BJ

FIXED ASSETS

Tangible assets

4

55,060

67,732

CURRENT ASSETS

Stocks

18,776

36,224

Debtors

5

282,077

289,769

Cash at bank

53,374

40,488

354,227

366,481

CREDITORS

Amounts falling due within one year

6

199,680

207,189

NET CURRENT ASSETS

154,547

159,292

TOTAL ASSETS LESS CURRENT
LIABILITIES

209,607

227,024

CREDITORS

Amounts falling due after more than one
year

7

10,800

24,045

NET ASSETS

198,807

202,979

CAPITAL AND RESERVES

Called up share capital

20,000

Retained earnings

178,807

182,979

198,807

202,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 January 2026 and were signed on its behalf by:

E R Lambert - Director

1.	STATUTORY INFORMATION

T. J. Matthews (Tailors) Limited is a private company, limited by shares , registered in Scotland. 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 represents net invoiced sales of manufactured tailored clothing, excluding value added tax.

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

-

10% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 17 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 July 2024

285,226

3,156

2,029

290,411

Additions

-

1,341

At 30 June 2025

285,226

3,156

3,370

291,752

DEPRECIATION

At 1 July 2024

217,494

3,156

2,029

222,679

Charge for year

13,958

-

55

14,013

At 30 June 2025

231,452

3,156

2,084

236,692

NET BOOK VALUE

At 30 June 2025

53,774

-

1,286

55,060

At 30 June 2024

67,732

-

67,732

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Trade debtors

89,774

81,059

Other debtors

192,303

208,710

282,077

289,769

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Bank loans and overdrafts

71,512

58,836

Trade creditors

72,245

56,351

Taxation and social security

31,667

37,122

Other creditors

24,256

54,880

199,680

207,189

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

Bank loans

-

9,645

Other creditors

10,800

14,400

10,800

24,045

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.25

30.6.24

£

Factoring

61,866

48,568

The factor account is secured by way of trade debtors.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of T. J. Matthews (Tailors) Limited for the year ended 30 June 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of T. J. Matthews (Tailors) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of T. J. Matthews (Tailors) Limited and state those matters that we have agreed to state to the Board of Directors of T. J. Matthews (Tailors) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than T. J. Matthews (Tailors) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that T. J. Matthews (Tailors) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of T. J. Matthews (Tailors) Limited. You consider that T. J. Matthews (Tailors) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of T. J. Matthews (Tailors) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Beaumonts Partnership Limited

8 Navigation Court

Calder Park

Wakefield

West Yorkshire

WF2 7BJ

9 January 2026