2023-03-01 2024-02-28 false Capium Accounts Production 1.1 11224794 bus:AbridgedAccounts 2023-03-01 2024-02-28 11224794 bus:FRS102 2023-03-01 2024-02-28 11224794 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 11224794 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 11224794 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 11224794 2023-03-01 2024-02-28 11224794 2024-02-28 11224794 bus:RegisteredOffice 2023-03-01 2024-02-28 11224794 core:WithinOneYear 2024-02-28 11224794 core:AfterOneYear 2024-02-28 11224794 bus:Director1 2023-03-01 2024-02-28 11224794 bus:Director1 2024-02-28 11224794 bus:Director1 2022-03-01 2023-02-28 11224794 2022-03-01 11224794 bus:LeadAgentIfApplicable 2023-03-01 2024-02-28 11224794 2022-03-01 2023-02-28 11224794 2023-02-28 11224794 core:WithinOneYear 2023-02-28 11224794 core:AfterOneYear 2023-02-28 11224794 bus:EntityAccountantsOrAuditors 2022-03-01 2023-02-28 11224794 bus:OrdinaryShareClass1 2023-03-01 2024-02-28 11224794 bus:OrdinaryShareClass1 2024-02-28 11224794 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 11224794 bus:OrdinaryShareClass1 2023-02-28 11224794 core:MotorCars 2023-03-01 2024-02-28 11224794 core:MotorCars 2024-02-28 11224794 core:MotorCars 2023-02-28 11224794 core:FurnitureFittings 2023-03-01 2024-02-28 11224794 core:FurnitureFittings 2024-02-28 11224794 core:FurnitureFittings 2023-02-28 11224794 core:ComputerEquipment 2023-03-01 2024-02-28 11224794 core:ComputerEquipment 2024-02-28 11224794 core:ComputerEquipment 2023-02-28 11224794 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-02-28 11224794 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-02-28 11224794 core:OtherResidualIntangibleAssets 2023-03-01 2024-02-28 11224794 core:OtherResidualIntangibleAssets 2024-02-28 11224794 core:OtherResidualIntangibleAssets 2023-02-28 11224794 core:CostValuation core:Non-currentFinancialInstruments 2024-02-28 11224794 core:CostValuation core:Non-currentFinancialInstruments 2023-02-28 11224794 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-02-28 11224794 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-02-28 11224794 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-02-28 11224794 core:Non-currentFinancialInstruments 2024-02-28 11224794 core:Non-currentFinancialInstruments 2023-02-28 11224794 core:ShareCapital 2024-02-28 11224794 core:ShareCapital 2023-02-28 11224794 core:RetainedEarningsAccumulatedLosses 2024-02-28 11224794 core:RetainedEarningsAccumulatedLosses 2023-02-28 11224794 dpl:Item1 2023-03-01 11224794 dpl:Item1 2024-02-28 11224794 dpl:Item1 2022-03-01 11224794 dpl:Item1 2023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 11224794
England and Wales

 

 

 

MATCH ME CAR FINANCE LTD


Abridged Accounts
 


Period of accounts

Start date: 01 March 2023

End date: 28 February 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 303,241    363,889 
Tangible fixed assets 4 481,441    352,052 
784,682    715,941 
Current assets      
Debtors: amounts falling due within one year 342,360    161,443 
Debtors: amounts falling due after one year 516,665    296,918 
Cash at bank and in hand 143,884    120,483 
1,002,909    578,844 
Creditors: amount falling due within one year (821,770)   (587,548)
Net current assets 181,139    (8,704)
 
Total assets less current liabilities 965,821    707,237 
Creditors: amount falling due after more than one year (631,526)   (519,976)
Provisions for liabilities (12,297)   (4,544)
Net assets 321,998    182,717 
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account 321,898    182,617 
Shareholders' funds 321,998    182,717 
 


For the year ended 28 February 2024 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. 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 15 August 2024 and were signed by:


-------------------------------
Callum Walsh
Director
1
General Information
Match Me Car Finance Ltd is a private company, limited by shares, registered in England and Wales, registration number 11224794, registration address The Royals, 353 Altrincham Road, Manchester, M22 4BJ.

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.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
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 66 (2023 : 49).
3.

Intangible fixed assets

Cost Other   Total
  £   £
At 01 March 2023 424,537    424,537 
Additions  
Disposals  
At 28 February 2024 424,537    424,537 
Amortisation
At 01 March 2023 60,648    60,648 
Charge for year 60,648    60,648 
On disposals  
At 28 February 2024 121,296    121,296 
Net book values
At 28 February 2024 303,241    303,241 
At 28 February 2023 363,889    363,889 


4.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 March 2023 320,210    60,683    102,806    483,699 
Additions 390,928    14,798    14,270    419,996 
Disposals (252,495)       (252,495)
At 28 February 2024 458,643    75,481    117,076    651,200 
Depreciation
At 01 March 2023 90,169    14,665    26,813    131,647 
Charge for year 87,726    9,938    16,531    114,195 
On disposals (76,083)       (76,083)
At 28 February 2024 101,812    24,603    43,344    169,759 
Net book values
Closing balance as at 28 February 2024 356,831    50,878    73,732    481,441 
Opening balance as at 01 March 2023 230,041    46,022    75,989    352,052 


5.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

2