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Registered Number: 11224794
England and Wales

 

 

 

MATCH ME FINANCE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 March 2022

End date: 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of Match Me Finance Limited for the year ended 28 February 2023 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Match Me Finance Limited in accordance with our terms of engagement. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Match Me Finance Limited 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 Match Me Finance Limited.
You consider that Match Me Finance Limited is exempt from the statutory audit requirement for the period and we have not been instructed to carry out an audit or a review of the financial statements of Match Me Finance Limited. 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.


Burton Varley Ltd
Suite 3, 2nd Floor, Didsbury House
748 - 754 Wilmslow Road
Manchester
M20 2DW
20 October 2023
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 363,889   
Tangible fixed assets 4 352,052    364,884 
715,941    364,884 
Current assets      
Debtors: amounts falling due within one year 161,444    35,655 
Debtors: amounts falling due after one year 296,918    334,946 
Cash at bank and in hand 120,483    83,428 
578,845    454,029 
Creditors: amount falling due within one year (587,549)   (273,721)
Net current liabilities (8,704)   180,308 
 
Total assets less current liabilities 707,237    545,192 
Creditors: amount falling due after more than one year (519,976)   (408,872)
Provisions for liabilities (4,544)   (5,765)
Net assets 182,717    130,555 
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account 182,617    130,455 
Shareholder's funds 182,717    130,555 
 


For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 20 October 2023 and were signed by:


-------------------------------
Callum Walsh
Director
2
General Information
Match Me Finance Limited is a private company, limited by shares, registered in England and Wales, registration number 11224794, registration address C/O Burton Varley LTD, Suite 3, 2nd floor, Didsbury House, 748 - 754 Wilmslow Road, Manchester, Manchester, M20 2DW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Computer software development costs
Development costs of computer software are capitalised once a detailed program design has been established and are amortised on a straight line basis over 7 years.
Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 20% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 49 (2022 : 18).
3.

Intangible fixed assets

Cost Other   Total
  £   £
At 01 March 2022  
Additions 424,537    424,537 
Disposals  
At 28 February 2023 424,537    424,537 
Amortisation
At 01 March 2022  
Charge for year 60,648    60,648 
On disposals  
At 28 February 2023 60,648    60,648 
Net book values
At 28 February 2023 363,889    363,889 
At 28 February 2022  


4.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 March 2022 320,210    35,784    61,288    417,282 
Additions   24,903    41,514    66,417 
Disposals      
At 28 February 2023 320,210    60,687    102,802    483,699 
Depreciation
At 01 March 2022 32,658    5,940    13,800    52,398 
Charge for year 57,511    8,725    13,013    79,249 
On disposals      
At 28 February 2023 90,169    14,665    26,813    131,647 
Net book values
Closing balance as at 28 February 2023 230,041    46,022    75,989    352,052 
Opening balance as at 01 March 2022 287,552    29,844    47,488    364,884 


5.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

3