Match Me Car Finance Ltd

Match Me Car Finance Ltd
Statement of Financial Position
As at 28 February 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	242,593	303,241
Tangible fixed assets	4	690,842	481,441
		933,435	784,682
Current assets
Debtors: amounts falling due within one year		1,585,131	342,362
Debtors: amounts falling due after one year		387,858	516,665
Cash at bank and in hand		85,772	143,884
		2,058,761	1,002,911
Creditors: amount falling due within one year		(1,248,188)	(877,477)
Net current assets		810,573	125,434

Total assets less current liabilities		1,744,008	910,116
Creditors: amount falling due after more than one year		(1,270,166)	(575,821)
Provisions for liabilities		(11,353)	(12,297)
Net assets		462,489	321,998

Capital and reserves
Called up share capital	5	100	100
Profit and loss account		462,389	321,898
Shareholders' funds		462,489	321,998

For the year ended 28 February 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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 21 August 2025 and were signed by:

-------------------------------
Callum Walsh
Director

Match Me Car Finance Ltd
Notes to the Abridged Financial Statements
For the year ended 28 February 2025

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.

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.

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.

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% Straight Line
Fixtures and Fittings	20% Straight Line
Computer Equipment	20% Straight Line

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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 64 (2024 : 49).

Intangible fixed assets

Cost	Other	Total
	£	£
At 29 February 2024	424,537	424,537
Additions	-	-
Disposals	-	-
At 28 February 2025	424,537	424,537
Amortisation
At 29 February 2024	121,296	121,296
Charge for year	60,648	60,648
On disposals	-	-
At 28 February 2025	181,944	181,944
Net book values
At 28 February 2025	242,593	242,593
At 28 February 2024	303,241	303,241

Tangible fixed assets

Cost or valuation	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£
At 29 February 2024	458,643	75,481	117,076	651,200
Additions	337,009	-	5,893	342,902
Disposals	-	-	-	-
At 28 February 2025	795,652	75,481	122,969	994,102
Depreciation
At 29 February 2024	101,812	24,603	43,344	169,759
Charge for year	78,721	15,097	39,683	133,501
On disposals	-	-	-	-
At 28 February 2025	180,533	39,700	83,027	303,260
Net book values
Closing balance as at 28 February 2025	615,119	35,781	39,942	690,842
Opening balance as at 29 February 2024	356,831	50,878	73,732	481,441

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
100 Class A shares of £1.00 each	100		100
	100		100

Registered Number: 11224794
England and Wales
MATCH ME CAR FINANCE LTD

Abridged Accounts

Period of accounts Start date: 29 February 2024 End date: 28 February 2025