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Registered number: 05775079
Profmatt Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2025
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director Mr Matthew Handy
Company Number 05775079
Registered Office 10 Victoria Avenue
Harrogate
HG1 1ED
Accountants White Rose Accounting
FMAAT
Cobdale Cottage
Cobdale Lane
Warter
York
YO42 1XD
Page 1
Page 2
Balance Sheet
Registered number: 05775079
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,035 4,033
5,035 4,033
CURRENT ASSETS
Debtors 5 522 14,643
Cash at bank and in hand 9,220 18,605
9,742 33,248
Creditors: Amounts Falling Due Within One Year 6 (13,076 ) (16,408 )
NET CURRENT ASSETS (LIABILITIES) (3,334 ) 16,840
TOTAL ASSETS LESS CURRENT LIABILITIES 1,701 20,873
NET ASSETS 1,701 20,873
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 1,700 20,872
SHAREHOLDERS' FUNDS 1,701 20,873
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Page 3
For the year ending 31 August 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 Matthew Handy
Director
28th May 2026
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Profmatt Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05775079 . The registered office is 10 Victoria Avenue, Harrogate, HG1 1ED.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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. 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:
Plant & Machinery 15% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 25% straight line
2.4. 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. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
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. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2024 2,370 3,118 15,249 20,737
Additions 390 - 3,980 4,370
Disposals - - (1,199 ) (1,199 )
As at 31 August 2025 2,760 3,118 18,030 23,908
Depreciation
As at 1 September 2024 1,742 2,698 12,264 16,704
Provided during the period 98 63 2,308 2,469
Disposals - - (300 ) (300 )
As at 31 August 2025 1,840 2,761 14,272 18,873
Net Book Value
As at 31 August 2025 920 357 3,758 5,035
As at 1 September 2024 628 420 2,985 4,033
5. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 131 130
Director's loan account 391 14,513
522 14,643
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 1
Bank loans and overdrafts 7,506 8,740
Corporation tax 3,946 4,441
Other creditors 1,046 799
Accruals and deferred income 578 2,427
13,076 16,408
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2024 Amounts advanced Amounts repaid Amounts written off As at 31 August 2025
£ £ £ £ £
Mr Matthew Handy 14,512 39,000 (53,121 ) - 391
The above loan is unsecured, interest free and repayable on demand.
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