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REGISTERED NUMBER: 00455751 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 30 June 2025 |

| for |

| Matthew Sheard & Son Limited |

| Matthew Sheard & Son Limited (Registered number: 00455751) |

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Accountants' Report | 8 |

| Matthew Sheard & Son Limited |

Company Information

for the Year Ended 30 June 2025

| DIRECTORS: | D Sheard

| J Sheard

| REGISTERED OFFICE: | Russell Chambers

| 61A North Street

| Keighley

| West Yorkshire

| BD21 3DS

| REGISTERED NUMBER: | 00455751 (England and Wales)

| ACCOUNTANTS: | Stirk Lambert & Co

| Chartered Accountants

| Russell Chambers

| 61a North Street

| Keighley

| BD21 3DS

| Matthew Sheard & Son Limited (Registered number: 00455751) |

Statement of Financial Position

30 June 2025

| 30.6.25 | 30.6.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 5 | - |  | - |  |

Tangible assets | 6 | 20,078 |  | 15,594 |  |

20,078 |  | 15,594 |  |

CURRENT ASSETS

Stocks | 7 | 89,093 |  | 60,985 |  |

Debtors | 8 | 24,072 |  | 33,690 |  |

Cash at bank and in hand | 17,071 |  | 30,002 |  |

130,236 |  | 124,677 |  |

CREDITORS

Amounts falling due within one year | 9 | 45,178 |  | 44,002 |  |

NET CURRENT ASSETS | 85,058 |  | 80,675 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 105,136 |  | 96,269 |  |

PROVISIONS FOR LIABILITIES | 3,815 |  | 653 |  |

NET ASSETS | 101,321 |  | 95,616 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 6,000 |  | 6,000 |  |

Retained earnings | 95,321 |  | 89,616 |  |

SHAREHOLDERS' FUNDS | 101,321 |  | 95,616 |  |

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 Statement of Income and Retained Earnings has not been delivered.

| Matthew Sheard & Son Limited (Registered number: 00455751) |

Statement of Financial Position - continued

30 June 2025

The financial statements were approved by the Board of Directors and authorised for issue on 14 January 2026 and were signed on its behalf by:

D Sheard - Director

| Matthew Sheard & Son Limited (Registered number: 00455751) |

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| Matthew Sheard & Son 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.

| The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of client lists in 2005, is being amortised evenly over its estimated useful life of 5 years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | 2% on cost

| Plant and machinery | - | 25% on reducing balance

| Motor vehicles | - | 20% on cost

| Computer equipment | - | 20% on reducing balance

| Stocks

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

| Matthew Sheard & Son Limited (Registered number: 00455751) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

3. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial assets

| Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

| At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss and any subsequent reversal is recognised in the profit and loss.

| Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled. or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated party without imposing additional restrictions.

| Financial liabilities

| Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| 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.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 3 ) .

| Matthew Sheard & Son Limited (Registered number: 00455751) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

5. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 3,600 |  |

| AMORTISATION

| At 1 July 2024

| and 30 June 2025 | 3,600 |  |

| NET BOOK VALUE

| At 30 June 2025 | - |  |

| At 30 June 2024 | - |  |

6. | TANGIBLE FIXED ASSETS

| Freehold |  | Plant and |  | Motor |  | Computer |

| property |  | machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 July 2024 | 15,533 |  | 30,883 |  | 43,243 |  | 2,885 |  | 92,544 |  |

| Additions | - |  | 7,499 |  | - |  | - |  | 7,499 |  |

| At 30 June 2025 | 15,533 |  | 38,382 |  | 43,243 |  | 2,885 |  | 100,043 |  |

| DEPRECIATION

| At 1 July 2024 | 3,378 |  | 27,995 |  | 43,243 |  | 2,334 |  | 76,950 |  |

| Charge for year | 311 |  | 2,594 |  | - |  | 110 |  | 3,015 |  |

| At 30 June 2025 | 3,689 |  | 30,589 |  | 43,243 |  | 2,444 |  | 79,965 |  |

| NET BOOK VALUE

| At 30 June 2025 | 11,844 |  | 7,793 |  | - |  | 441 |  | 20,078 |  |

| At 30 June 2024 | 12,155 |  | 2,888 |  | - |  | 551 |  | 15,594 |  |

7. | STOCKS

| 30.6.25 |  | 30.6.24

£ | £ |

| Stocks for resale | 89,093 |  | 60,985 |  |

8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Trade debtors | 11,152 |  | 13,750 |  |

| Other debtors | 12,920 |  | 19,940 |  |

24,072 |  | 33,690 |  |

| Matthew Sheard & Son Limited (Registered number: 00455751) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Trade creditors | 16,742 |  | 14,728 |  |

| Tax | 5,736 |  | 3,274 |  |

| Directors' current accounts | 18,000 |  | 21,000 |  |

| Accruals and deferred income | 4,700 |  | 5,000 |  |

45,178 |  | 44,002 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.6.25 |  | 30.6.24

| value: | £ | £ |

| 6,000 | Ordinary | £1 | 6,000 |  | 6,000 |  |

11. | ULTIMATE CONTROLLING PARTY

| The directors control the company by virtue of their shareholdings.

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Matthew Sheard & Son Limited

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 Statement of Financial Position. 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 Matthew Sheard & Son Limited for the year ended 30 June 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 Matthew Sheard & Son 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 Matthew Sheard & Son Limited and state those matters that we have agreed to state to the Board of Directors of Matthew Sheard & Son 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 Matthew Sheard & Son Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Matthew Sheard & Son 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 profit of Matthew Sheard & Son Limited. You consider that Matthew Sheard & Son 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 Matthew Sheard & Son 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.

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

BD21 3DS

14 January 2026