Matthews & Partners Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03045485 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

MATTHEWS & PARTNERS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M A Matthews

J M Matthews

SECRETARY:

M A Matthews

REGISTERED OFFICE:

Ballands Hall

The Old Street

Fetcham

Leatherhead

Surrey

KT22 9QJ

REGISTERED NUMBER:

03045485 (England and Wales)

ACCOUNTANTS:

IGD Accounting Services Limited

29a High Street

West Wickham

Kent

BR4 0LP

FIXED ASSETS

Tangible assets

4

1,041

3,192

CURRENT ASSETS

Debtors

5

30,551

20,000

Cash at bank

1,081

8,133

31,632

28,133

CREDITORS

Amounts falling due within one year

6

2,926

1,156

NET CURRENT ASSETS

28,706

26,977

TOTAL ASSETS LESS CURRENT LIABILITIES

29,747

30,169

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

29,647

30,069

SHAREHOLDERS' FUNDS

29,747

30,169

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 15 July 2022 and were signed on its behalf by:

M A Matthews - Director

J M Matthews - Director

1.	STATUTORY INFORMATION

Matthews & Partners Ltd 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.

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.

Turnover

Turnover represents net invoiced sales of goods and services, excluding VAT.

Tangible fixed assets

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

Fixtures, fittings & equipment

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

& equipment

£

COST

At 1 April 2021

and 31 March 2022

16,969

DEPRECIATION

At 1 April 2021

13,777

Charge for year

2,151

At 31 March 2022

15,928

NET BOOK VALUE

At 31 March 2022

1,041

At 31 March 2021

3,192

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Other debtors

30,551

20,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Taxation and social security

-

356

Other creditors

2,926

800

2,926

1,156

7.	ULTIMATE CONTROLLING PARTY

8.	LOAN WRITE OFF

During 2021, an inter-company loan balance of £118,000.00 was written off. The balance was owed by Daniel Marks Recruitment Ltd, which went into liquidation on 29 April 2021.