REGISTERED NUMBER: 04526099 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Keith Matthews Electrical Contractors

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Matthews

J M Matthews

S E Hawksworth

SECRETARY:

S E Hawksworth

REGISTERED OFFICE:

114 Town Moor Lane

Thurstonland

Huddersfield

West Yorkshire

HD4 6XF

REGISTERED NUMBER:

04526099 (England and Wales)

ACCOUNTANTS:

Lindley Adams Limited Chartered Accountants

28 Prescott Street

Halifax

West Yorkshire

HX1 2LG

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

20,237

956

20,237

956

CURRENT ASSETS

Debtors

7

27,500

54,684

Cash at bank

16,717

14,980

44,217

69,664

CREDITORS

Amounts falling due within one year

8

21,130

34,594

NET CURRENT ASSETS

23,087

35,070

TOTAL ASSETS LESS CURRENT LIABILITIES

43,324

36,026

CREDITORS

Amounts falling due after more than one year

9

(12,005

)

(2,105

)

PROVISIONS FOR LIABILITIES

(5,101

)

(182

)

NET ASSETS

26,218

33,739

CAPITAL AND RESERVES

Called up share capital

9

9

Retained earnings

26,209

33,730

SHAREHOLDERS' FUNDS

26,218

33,739

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 25 June 2026 and were signed on its behalf by:

J M Matthews - Director

R Matthews - Director

1.	STATUTORY INFORMATION

Keith Matthews Electrical Contractors 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 presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty two years.

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

-

25% on reducing balance

Fixtures and equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Government grants

Grants represent the amounts received or due in the period over which they accrue. These are shown as Other Operating income within the accounts.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

51,000

AMORTISATION

At 1 January 2025

and 31 December 2025

51,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

1,008

1,336

20,745

3,832

26,921

Additions

-

-

26,241

-

26,241

Disposals

-

-

(6,995

)

-

(6,995

)

At 31 December 2025

1,008

1,336

39,991

3,832

46,167

DEPRECIATION

At 1 January 2025

583

1,272

20,278

3,832

25,965

Charge for year

106

10

6,622

-

6,738

Eliminated on disposal

-

-

(6,773

)

-

(6,773

)

At 31 December 2025

689

1,282

20,127

3,832

25,930

NET BOOK VALUE

At 31 December 2025

319

54

19,864

-

20,237

At 31 December 2024

425

64

467

-

956

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

17,824

37,867

Directors' loan accounts

8,892

16,587

Prepayments

784

230

27,500

54,684

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

-

4,146

Hire purchase contracts (see note 10)

3,275

-

Trade creditors

6,361

8,346

Tax

2,175

8,456

Social security and other taxes

493

669

VAT

3,302

9,676

Other creditors

1,014

1,161

Directors' loan accounts

256

-

Accrued expenses

4,254

2,140

21,130

34,594

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans - 1-2 years

-

2,105

Hire purchase contracts (see note 10)

12,005

-

12,005

2,105

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.25

31.12.24

£

£

Gross obligations repayable:

Within one year

4,860

-

Between one and five years

14,185

-

19,045

-

Finance charges repayable:

Within one year

1,585

-

Between one and five years

2,180

-

3,765

-

Net obligations repayable:

Within one year

3,275

-

Between one and five years

12,005

-

15,280

-

Non-cancellable

operating leases

31.12.25

31.12.24

£

£

Within one year

540

540

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

J M Matthews

Balance outstanding at start of year

1,976

2,194

Amounts advanced

4,497

4,302

Amounts repaid

(4,771

)

(4,520

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,702

1,976

R Matthews

Balance outstanding at start of year

13,767

11,317

Amounts advanced

23,671

22,450

Amounts repaid

(30,250

)

(20,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,188

13,767

S E Hawksworth

Balance outstanding at start of year

844

-

Amounts advanced

900

844

Amounts repaid

(2,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(256

)

844

The loans are repayable on demand. Interest is charged at 3.75% on the loan account of Mr R Matthews.