Mather & Ellis Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00757855 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

FOR

MATHER & ELLIS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr I D Madeley

Mr J H Russell

Mr P E Duerden

SECRETARY:

Mr I D Madeley

REGISTERED OFFICE:

Mosley Road

Trafford Park

Manchester

M17 1QA

REGISTERED NUMBER:

00757855 (England and Wales)

AUDITORS:

Dunhams

Chartered Accountants and

Statutory Auditor

11 Warwick Road

Old Trafford

Manchester

M16 0QQ

FIXED ASSETS

Tangible assets

4

236,166

287,894

CURRENT ASSETS

Stocks

5

32,484

172,405

Debtors

6

718,199

885,632

Cash at bank and in hand

1,015,089

1,027,824

1,765,772

2,085,861

CREDITORS

Amounts falling due within one year

7

(943,542

)

(1,341,325

)

NET CURRENT ASSETS

822,230

744,536

TOTAL ASSETS LESS CURRENT LIABILITIES

1,058,396

1,032,430

PROVISIONS FOR LIABILITIES

(30,172

)

(42,191

)

NET ASSETS

1,028,224

990,239

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

1,026,224

988,239

SHAREHOLDERS' FUNDS

1,028,224

990,239

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 on 31 October 2019 and were signed on its behalf by:

Mr J H Russell - Director

1.	STATUTORY INFORMATION

Mather & Ellis 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.	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.

Significant judgements and estimates

The preparation of financial statements in conformity with the UK GAAP requires management to make

estimates and assumptions that effect the amounts and disclosures reported in the financial statements. Actual

results could differ from these estimates.

Work in Progress

See below for detailed policy on Work in Progress.

Turnover

Turnover is the total amount receivable by the company in the ordinary course of business with outside

customers for the goods supplied and services provided excluding VAT. On long term contracts the estimated

sales value of work performed in the period is included.

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

-

20% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks & work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Long-term work in progress is taken to be that on contracts which exceed one year in duration or whose activity

falls into different accounting periods and they are material to the activity of the period. Where it is considered

that the outcome of a long-term contract can be assessed with reasonable certainty before its conclusion, the

prudently calculated attributable profit is recognised in the profit and loss account as the difference between the

recorded turnover and attributable contract costs incurred to date in the accounting period. Where it is

considered that the outcome of a long-term contract cannot be assessed with reasonable certainty before its

conclusion no profit is recognised on such a contract during an accounting period prior to its completion. Where

there are foreseeable losses on a contracts then provision is made for these losses by setting them off against

costs within work in progress and then providing for any excess within creditors. Where contracts are not

long-term in nature revenue is recognised such that the right to consideration has accrued on a part completed

contract.

Financial instruments

Basic financial instruments are recognized at amortised cost, except for investments in non-convertible

preference and non-puttable ordinary shares which are measured at fair value, with changes recognized in profit

or loss.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with

an original maturity date of three months or less.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognized in the income statement in other perating

expenses.

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 33 (2018 - 38 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 July 2018

566,855

15,164

446,133

19,541

1,047,693

Additions

-

-

48,995

-

48,995

Disposals

-

-

(78,654

)

-

(78,654

)

At 30 June 2019

566,855

15,164

416,474

19,541

1,018,034

DEPRECIATION

At 1 July 2018

454,423

12,083

278,084

15,209

759,799

Charge for year

22,485

308

46,660

867

70,320

Eliminated on disposal

-

-

(48,251

)

-

(48,251

)

At 30 June 2019

476,908

12,391

276,493

16,076

781,868

NET BOOK VALUE

At 30 June 2019

89,947

2,773

139,981

3,465

236,166

At 30 June 2018

112,432

3,081

168,049

4,332

287,894

5.

STOCKS

2019

2018

£

£

Stocks

63,348

59,241

Work-in-progress

(30,864

)

113,164

32,484

172,405

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

647,494

811,890

Other debtors

6,603

8,118

Prepayments

64,102

65,624

718,199

885,632

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

335,193

757,089

Associated company loan

35,000

-

Tax

92,208

93,735

Social security and other taxes

39,930

45,655

Net wages control

8,508

10,898

VAT

66,746

67,374

Other creditors

5,582

4,495

Accrued expenses

360,375

362,079

943,542

1,341,325

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Edwards ACCA ACA (Senior Statutory Auditor)

for and on behalf of Dunhams

9.	RELATED PARTY DISCLOSURES

During the year management fees of £280,000 (2018 £309,415) were paid to Damajodo Limited.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr J H Russell.