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Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Matchmaker M/c Holdings Limited

Matchmaker M/c Holdings Limited (Registered number: 05677414)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Matchmaker M/c Holdings Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: B Phelan





REGISTERED OFFICE: 8-10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: 05677414





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Matchmaker M/c Holdings Limited (Registered number: 05677414)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,134 18,005

CURRENT ASSETS
Stocks 5,415 107,654
Debtors 5 89,053 58,903
Cash at bank 38,044 164,567
132,512 331,124
CREDITORS
Amounts falling due within one year 6 59,894 92,206
NET CURRENT ASSETS 72,618 238,918
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,752

256,923

CREDITORS
Amounts falling due after more than one
year

7

35,648

44,723
NET ASSETS 48,104 212,200

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 48,004 212,100
SHAREHOLDERS' FUNDS 48,104 212,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2024 and were signed by:





B Phelan - Director


Matchmaker M/c Holdings Limited (Registered number: 05677414)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Matchmaker M/c Holdings Limited is a private company, limited by shares , registered in Not specified/Other. 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 computer controlled machine tools, as well as the sales of spare parts and the servicing of machines. Turnover is stated excluding value added tax and is recognised at the point at which the company has the right to consideration.

Provision is made where a machine is sold with warranty included at the point when the sale is recognised and is either used up or written back at the end of the warranty period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Matchmaker M/c Holdings Limited (Registered number: 05677414)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 76,798
Disposals (23,591 )
At 29 February 2024 53,207
DEPRECIATION
At 1 March 2023 58,793
Charge for year 6,870
Eliminated on disposal (23,590 )
At 29 February 2024 42,073
NET BOOK VALUE
At 29 February 2024 11,134
At 28 February 2023 18,005

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 21,890
DEPRECIATION
At 1 March 2023 8,209
Charge for year 5,473
At 29 February 2024 13,682
NET BOOK VALUE
At 29 February 2024 8,208
At 28 February 2023 13,681

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 57,411 56,807
Other debtors 31,642 2,096
89,053 58,903

Matchmaker M/c Holdings Limited (Registered number: 05677414)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,258 6,247
Hire purchase contracts 2,816 2,598
Trade creditors 12,322 7,948
Taxation and social security 19,777 59,534
Other creditors 18,721 15,879
59,894 92,206

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 33,898 40,156
Hire purchase contracts 1,750 4,567
35,648 44,723

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,866 15,124

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B Phelan.