Matthews & Son (Repairs) Ltd. - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08447930 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 15 March 2013 to 31 March 2014

for

MATTHEWS & SON (REPAIRS) LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTORS:

G P Spiers

M Scripps

SECRETARY:

Mrs J A Spiers

REGISTERED OFFICE:

Springfield House

99/101 Crossbrook Street

Cheshunt

Waltham Cross

Hertfordshire

EN8 8JR

REGISTERED NUMBER:

08447930 (England and Wales)

ACCOUNTANTS:

The Trevor Jones Partnership LLP

Springfield House

99/101 Crossbrook Street

Cheshunt

Waltham Cross

Hertfordshire

EN8 8JR

FIXED ASSETS

Intangible assets

2

6,400

Tangible assets

3

5,600

12,000

CURRENT ASSETS

Debtors

34,878

Cash at bank

566

35,444

CREDITORS

Amounts falling due within one year

37,960

NET CURRENT LIABILITIES

(2,516

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,484

PROVISIONS FOR LIABILITIES

1,120

NET ASSETS

8,364

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

8,264

SHAREHOLDERS' FUNDS

8,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 November 2014 and were signed on its behalf by:

G P Spiers - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five 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 etc

-

20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

8,000

At 31 March 2014

8,000

AMORTISATION

Amortisation for period

1,600

At 31 March 2014

1,600

NET BOOK VALUE

At 31 March 2014

6,400

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

7,000

At 31 March 2014

7,000

DEPRECIATION

Charge for period

1,400

At 31 March 2014

1,400

NET BOOK VALUE

At 31 March 2014

5,600

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Matthews & Son (Repairs) Ltd. for the period ended 31 March 2014 which comprise the Profit and Loss Account, the

Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given

us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical

and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Matthews & Son (Repairs) Ltd., as a body, in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Matthews & Son

(Repairs) Ltd. and state those matters that we have agreed to state to the Board of Directors of Matthews & Son (Repairs) Ltd., as a

body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we

do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for

this report.

It is your duty to ensure that Matthews & Son (Repairs) Ltd. has kept adequate accounting records and to prepare statutory financial

statements that give a true and fair view of the assets, liabilities, financial position and profit of Matthews & Son (Repairs) Ltd..

You consider that Matthews & Son (Repairs) Ltd. is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Matthews & Son (Repairs) Ltd.. For this

reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have

given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Trevor Jones Partnership LLP

Springfield House

99/101 Crossbrook Street

Cheshunt

Waltham Cross

Hertfordshire

EN8 8JR

21 November 2014