Mat Adams Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06859460 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MAT ADAMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Adams

SECRETARY:

Mrs S Adams

REGISTERED OFFICE:

4 Copper Beech Close

MANCHESTER

M22 4WP

REGISTERED NUMBER:

06859460 (England and Wales)

ACCOUNTANTS:

Michael Donnan & Co Limited

Oaktree Court Business Ctr

Mill Lane

Ness

Cheshire

CH64 8TP

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

45,001

42,300

45,001

42,300

CURRENT ASSETS

Debtors

6

19,647

15,830

Cash at bank

105,796

90,036

125,443

105,866

CREDITORS

Amounts falling due within one year

7

72,028

70,534

NET CURRENT ASSETS

53,415

35,332

TOTAL ASSETS LESS CURRENT
LIABILITIES

98,416

77,632

CREDITORS

Amounts falling due after more than
one year

8

(1,533

)

(6,133

)

PROVISIONS FOR LIABILITIES

(10,200

)

(10,200

)

NET ASSETS

86,683

61,299

CAPITAL AND RESERVES

Called up share capital

9

1

Retained earnings

10

86,682

61,298

SHAREHOLDERS' FUNDS

86,683

61,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 September 2025 and were signed by:

M Adams - Director

1.	STATUTORY INFORMATION

Mat Adams Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

Transactions are rounded to the nearest £.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

straight line over 3 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

10,000

AMORTISATION

At 1 April 2024

and 31 March 2025

10,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 April 2024

81,836

12,917

-

94,753

Additions

14,746

-

2,210

16,956

Disposals

(8,837

)

-

(8,837

)

At 31 March 2025

87,745

12,917

2,210

102,872

DEPRECIATION

At 1 April 2024

40,876

11,577

-

52,453

Charge for year

9,832

268

587

10,687

Eliminated on disposal

(5,269

)

-

(5,269

)

At 31 March 2025

45,439

11,845

587

57,871

NET BOOK VALUE

At 31 March 2025

42,306

1,072

1,623

45,001

At 31 March 2024

40,960

1,340

-

42,300

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Trade debtors

17,792

14,806

Other debtors

683

-

Prepayments and accrued income

1,172

1,024

19,647

15,830

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Bank loans and overdrafts

4,600

Tax

14,523

15,386

VAT

982

51

Directors' current accounts

45,048

43,732

Accrued expenses

6,875

6,765

72,028

70,534

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31/3/25

31/3/24

£

Bank loans - 1-2 years

1,533

4,600

Bank loans - 2-5 years

-

1,533

6,133

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

1

Ordinary

£1

1

10.

RESERVES

Retained

earnings

£

At 1 April 2024

61,298

Profit for the year

56,634

Dividends

(31,250

)

At 31 March 2025

86,682