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Company No: 09182029 (England and Wales)

MATT GARMAN LTD

Abridged Unaudited Financial Statements
For the financial year ended 31 March 2025

MATT GARMAN LTD

Abridged Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

MATT GARMAN LTD

COMPANY INFORMATION

For the financial year ended 31 March 2025
MATT GARMAN LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025
DIRECTOR Matthew Garman
REGISTERED OFFICE Meopham House
Rother Road
Seaford
BN25 4HS
United Kingdom
COMPANY NUMBER 09182029 (England and Wales)
ACCOUNTANT Synergee
Pluto House
6 Vale Avenue
Tunbridge Wells
TN1 1DJ
MATT GARMAN LTD

BALANCE SHEET

As at 31 March 2025
MATT GARMAN LTD

BALANCE SHEET (continued)

As at 31 March 2025
Note 31.03.2025 31.03.2024
£ £
Fixed assets
Intangible assets 3 0 169,513
Tangible assets 4 146 257
146 169,770
Current assets
Debtors 2,500 4,200
Cash at bank and in hand 4,281 4,460
6,781 8,660
Creditors: amounts falling due within one year ( 116,685) ( 125,477)
Net current liabilities (109,904) (116,817)
Total assets less current liabilities (109,758) 52,953
Creditors: amounts falling due after more than one year ( 2,651) ( 13,091)
Net (liabilities)/assets ( 112,409) 39,862
Capital and reserves
Called-up share capital 5 400 400
Profit and loss account ( 112,809 ) 39,462
Total shareholders' (deficit)/funds ( 112,409) 39,862

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Matt Garman Ltd (registered number: 09182029) were approved and authorised for issue by the Director on 07 July 2025. They were signed on its behalf by:

Matthew Garman
Director
MATT GARMAN LTD

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
MATT GARMAN LTD

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Matt Garman Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Meopham House, Rother Road, Seaford, BN25 4HS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised to the extent it is probable that economic benefit will flow to the company, and that it can be reliably measured. Turnover is measured at the fair value of consideration received or receivable, net of discounts, rebates, VAT and other sales taxes.

Turnover from the provision of services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when the following conditions are satisfied:
- the amount of turnover can be measured reliably;
- it is probable that consideration due will be received;
- the stage of completion of the contract at the reporting date can be measured reliably, and
- the costs incurred, or to be incurred, can be measured reliably.

Turnover recognised but not billed at the reporting date is treated as amounts recoverable on contracts due within one year.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 10 years straight line
Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the director is satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is capitalised as an intangible asset and amortised over the period during which the Company is expected to benefit. This period is between three and five years. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

31.03.2025 31.03.2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 April 2024 235,658 235,658
At 31 March 2025 235,658 235,658
Accumulated amortisation
At 01 April 2024 66,145 66,145
Charge for the financial year 169,513 169,513
At 31 March 2025 235,658 235,658
Net book value
At 31 March 2025 0 0
At 31 March 2024 169,513 169,513

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2024 1,854 1,854
At 31 March 2025 1,854 1,854
Accumulated depreciation
At 01 April 2024 1,597 1,597
Charge for the financial year 111 111
At 31 March 2025 1,708 1,708
Net book value
At 31 March 2025 146 146
At 31 March 2024 257 257

5. Called-up share capital

31.03.2025 31.03.2024
£ £
Allotted, called-up and fully-paid
400 Ordinary shares of £ 1.00 each 400 400