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Registration number: 09635049

Viney Matthews Construction Ltd
Annual Report and Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

Viney Matthews Construction Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Viney Matthews Construction Ltd

Company Information

Directors | L Matthews C J Viney

Company secretary | T Viney

Registered office | 32 Oak Drive Kingshill Dursley Gloucestershire GL11 4DX

Accountants | Burton Sweet Limited Chartered Accountants & Business Advisors The Clock Tower Farleigh Court Old Weston Road, Flax Bourton Bristol BS48 1UR

Viney Matthews Construction Ltd

(Registration number: 09635049)
Balance Sheet
30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 5,775 | 7,115
Investment property | 5 | 255,528 | 210,040
|  | 261,303 | 217,155
Current assets |  |  |
Stocks | 6 | 9,260 | 12,000
Debtors | 7 | 2,317 | 22,054
Cash at bank and in hand |  | 47,992 | 80,966
|  | 59,569 | 115,020
Creditors: Amounts falling due within one year | 8 | (76,860) | (72,715)
Net current (liabilities)/assets |  | (17,291) | 42,305
Total assets less current liabilities |  | 244,012 | 259,460
Creditors: Amounts falling due after more than one year | 8 | (7,315) | (17,482)
Provisions for liabilities |  | (1,444) | (1,352)
Net assets |  | 235,253 | 240,626
Capital and reserves |  |  |
Called up share capital |  | 200 | 200
Retained earnings |  | 235,053 | 240,426
Shareholders' funds |  | 235,253 | 240,626

Viney Matthews Construction Ltd

(Registration number: 09635049)
Balance Sheet
30 June 2025

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Directors' responsibilities:

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

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 February 2026 and signed on its behalf by:

......................................... L Matthews Director

Viney Matthews Construction Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
32 Oak Drive
Kingshill
Dursley
Gloucestershire
GL11 4DX
United Kingdom

These financial statements were authorised for issue by the Board on 20 February 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Viney Matthews Construction Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 June 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% reducing balance
Office equipment | 25% reducing balance
Motor vehicles | 25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Viney Matthews Construction Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 June 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Viney Matthews Construction Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 June 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Viney Matthews Construction Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 June 2025

4 | Tangible assets

| Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 July 2024 | 8,842 | 1,921 | 40,528 | 51,291
Additions | 588 | - | - | 588
At 30 June 2025 | 9,430 | 1,921 | 40,528 | 51,879
Depreciation
At 1 July 2024 | 7,721 | 1,337 | 35,118 | 44,176
Charge for the year | 429 | 146 | 1,353 | 1,928
At 30 June 2025 | 8,150 | 1,483 | 36,471 | 46,104
Carrying amount
At 30 June 2025 | 1,280 | 438 | 4,057 | 5,775
At 30 June 2024 | 1,121 | 584 | 5,410 | 7,115

5 | Investment properties

| 2025 £
At 1 July | 210,040
Additions | 45,488
At 30 June | 255,528

There has been no valuation of investment property by an independent valuer. The property is currently under construction/renovation.

Viney Matthews Construction Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 June 2025

6 | Stocks

| 2025 £ | 2024 £
Work in progress | 6,760 | 7,000
Other inventories | 2,500 | 5,000
| 9,260 | 12,000

7 | Debtors

| 2025 £ | 2024 £
Trade debtors | 800 | 7,719
Other debtors | 1,517 | 14,335
| 2,317 | 22,054

Viney Matthews Construction Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 June 2025

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 10,150 | 10,000
Trade creditors |  | 11,149 | 10,610
Taxation and social security |  | 39,979 | 37,057
Accruals and deferred income |  | 1,600 | 1,736
Other creditors |  | 13,982 | 13,312
|  | 76,860 | 72,715

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 7,315 | 17,482

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 7,315 | 17,482

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 10,150 | 10,000