05983623falsethe sale of machine parts2024-12-012025-11-30http://www.companieshouse.gov.uk/2024-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2024-11-30http://www.companieshouse.gov.uk/cd:Director12024-12-012025-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2025-11-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-12-012025-11-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-12-012025-11-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-12-012025-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2025-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-11-30http://www.companieshouse.gov.uk/2024-12-012025-11-30http://www.companieshouse.gov.uk/2024-11-30http://www.companieshouse.gov.uk/cd:FRS1022024-12-012025-11-30http://www.companieshouse.gov.uk/2025-11-30http://www.companieshouse.gov.uk/cd:FullAccounts2024-12-012025-11-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-12-012025-11-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 05983623
Matparts Ltd
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30/11/2025
Prepared By:
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL112ER
Matparts Ltd
ACCOUNTS
FOR THE YEAR ENDED 30/11/2025
DIRECTORS
P Rodgers
REGISTERED OFFICE
Newline Industrial Estate
The Sidings
Bacup
OL13 9RW
OL13 9RW
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05983623
ACCOUNTANTS
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL112ER
Matparts Ltd
ACCOUNTS
FOR THEYEARENDED30/11/2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Matparts Ltd
BALANCE SHEET AT 30/11/2025
20252024
Notes££
FIXED ASSETS
Tangible assets365,80880,791
Investment Assets4-7,143
65,80887,934
CURRENT ASSETS
Stock64,67774,853
Debtors6521,680465,979
Cash at bank and in hand287,036406,454
873,393947,286
CREDITORS: Amounts falling due within one year7349,106375,784
NET CURRENT ASSETS524,287571,502
TOTAL ASSETS LESS CURRENT LIABILITIES590,095659,436
CREDITORS: Amounts falling due after more than one year8-29,167
NET ASSETS590,095630,269
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account589,995630,169
SHAREHOLDERS' FUNDS590,095630,269
For the year ending 30/11/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21/08/2026 and signed on their behalf by
.............................
P Rodgers
Director
Matparts Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 20%
Fixtures and Fittingsstraight line 15%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Matparts Ltd
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1f. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
1g. Investments
Investments are shown at cost as the director considers this to be a fair valuation for the investment.
1h. Revenue Recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
2. EMPLOYEES
20252024
No.No.
Average number of employees66
Matparts Ltd
3. TANGIBLE FIXED ASSETS
Plant and MachineryFixtures, Fittings and EquipmentWebsitesMotor Vehicles
Total
£££££
Cost
At 01/12/202433,563126,22149,690164,555374,029
Additions5,5005,120--10,620
Disposals---(16,160)(16,160)
At 30/11/202539,063131,34149,690148,395368,489
Depreciation
At 01/12/202426,247120,76949,69096,532293,238
Disposals---(14,947)(14,947)
For the year5,4482,240-16,70224,390
At 30/11/202531,695123,00949,69098,287302,681
Net Book Amounts
At 30/11/20257,3688,332-50,10865,808
At 30/11/20247,3165,452-68,02380,791
4. INVESTMENTS
Other
InvestmentsTotal
££
Cost
At 01/12/20247,1437,143
Disposals(7,143)(7,143)
Amortisation
Net Book Amounts
At 30/11/20247,1437,143
The investment represents a investment in Sew Hop'd Brewery LLC, a limited liability company registered in the USA.
The investment was sold during the year.
5. STOCK 20252024
££
Stock comprises:
Stock64,67774,853
64,67774,853
Matparts Ltd
6. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors86,825101,051
Amounts due Castomar Properties Ltd422,492358,221
Other Debtors 6,850-
Prepayments5,5136,707
521,680465,979
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
UK corporation tax19,28622,475
VAT6,3192,183
PAYE control3,3092,836
Amounts due Dielex Ltd52,72329,123
Amounts due Union Special UK Ltd29,6631,808
Bank Loan29,16650,000
Credit card1612,707
Trade creditors204,582259,932
Accruals3,8974,720
349,106375,784
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20252024
££
Bank loans >1 year-29,167
-29,167
9. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
Matparts Ltd
10. CONTROLLING PARTY
The company is controlled by its directorand his family by virtue of the fact that they own 100% of the issued share capital.
11. RELATED PARTY TRANSACTIONS
P Rodgers is a shareholder in MPT Group Matress Machinery Ltd. During the year Matparts Limited sold goods and services to the value of £14,236 ( 2024:£16,639). The company also purchased goods and services to the value of £874 ( 2024:£982) from that company. P Rodgers is a trustee of MPT Group Pensions Scheme. Matparts Ltd was charged rent of £9,500 during the year (2024 £9,500).
P Rodgers is a shareholder and director in Dielex Limited during the year matparts paid a consultancy fee of £23,000 ( 2024: £23,000). The company paid sales commission to Union Special Limited of £18,006 (2023:£20,099), a company in which Mr P Rodgers is a director and shareholder. Matparts Ltd also advanced monies to Castomar Properties Ltd, a company in which Mr Rodgers is a director, the balance outstanding at the year end was £422,492 (2024 £358,221).