Mapmatic Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 07574403

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		85,500		-
Tangible Assets	5		498,434		461,275

			583,934		461,275
CURRENT ASSETS
Debtors	6	1,352,653		1,119,766
Cash at bank and in hand		52,025		205,409

		1,404,678		1,325,175
Creditors: Amounts Falling Due Within One Year	7	(521,663 )		(390,731 )

NET CURRENT ASSETS (LIABILITIES)			883,015		934,444

TOTAL ASSETS LESS CURRENT LIABILITIES			1,466,949		1,395,719

Creditors: Amounts Falling Due After More Than One Year	8		(54,190 )		(16,399 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(91,700 )		(75,800 )

NET ASSETS			1,321,059		1,303,520

CAPITAL AND RESERVES
Called up share capital	10		134		133
Profit and Loss Account			1,320,925		1,303,387

SHAREHOLDERS' FUNDS			1,321,059		1,303,520

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Mapmatic Limited

Balance Sheet (continued)

As At 31 March 2025

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Anthony Watkins

Director

22 December 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Mapmatic Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07574403 . The registered office is Unit 14 Prime Enterprise Park, Prime Parkway, Derby, DE1 3QB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	5% Straight Line
Motor Vehicles	25% Straight Line
Computer Equipment	20% Straight Line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Mapmatic Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 38 (2024: 31)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	-
Additions	95,000

As at 31 March 2025	95,000

Amortisation
As at 1 April 2024	-
Provided during the period	9,500

As at 31 March 2025	9,500

Net Book Value
As at 31 March 2025	85,500

As at 1 April 2024	-

5. Tangible Assets

	Land & Property
	Leasehold	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	108,016	286,445	591,074	985,535
Additions	-	105,957	104,156	210,113
Disposals	-	(140,636 )	(16,445 )	(157,081 )

As at 31 March 2025	108,016	251,766	678,785	1,038,567

Depreciation
As at 1 April 2024	4,214	136,778	383,268	524,260
Provided during the period	5,401	54,010	84,347	143,758
Disposals	-	(113,783 )	(14,102 )	(127,885 )

As at 31 March 2025	9,615	77,005	453,513	540,133

...CONTINUED

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Mapmatic Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	98,401	174,761	225,272	498,434

As at 1 April 2024	103,802	149,667	207,806	461,275

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	536,748	529,310
Prepayments and accrued income	95,047	72,901
Other debtors	12,981	400,356
Director's loan account	-	117,199
Amounts owed by group undertakings	707,877	-

	1,352,653	1,119,766

Amounts owed from group undertakings has previously been reported within other debtors.

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	21,415	5,121
Trade creditors	80,523	37,772
Bank loans and overdrafts	4,250	4,250
Corporation tax	52,470	107,590
Other taxes and social security	23,852	19,810
VAT	210,730	188,417
Other creditors	97,573	27,771
Director's loan account	30,850	-

	521,663	390,731

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	49,429	7,683
Bank loans	4,761	8,716

	54,190	16,399

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	21,415	5,121
Later than one year and not later than five years	49,429	7,683

	70,844	12,804

	70,844	12,804

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Mapmatic Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	134	133

11. Related Party Transactions

Map IT Group Ltd

Group undertakings

Intercompany loans

Mapmatic Limited has made loans to the parent company Map IT Group Ltd with the balance outstanding of £707,877 (2024: £396,730). The loan is provided interest free and repayable on demand.

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