REGISTERED NUMBER: 14324454 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Matt Carney Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M J Carney

REGISTERED OFFICE:

Upper Moreton Farm

Bishton Lane

Wolseley Bridge

Staffordshire

ST18 0XD

REGISTERED NUMBER:

14324454 (England and Wales)

ACCOUNTANTS:

SET Accountancy

Foresters Lodge

White Barn Farm

Shugborough Estate

Staffordshire

ST17 0XA

FIXED ASSETS

Intangible assets

4

70,000

80,000

Tangible assets

5

337,985

273,547

407,985

353,547

CURRENT ASSETS

Stocks

108,000

190,150

Debtors

6

273,098

312,261

Cash at bank

296,232

-

677,330

502,411

CREDITORS

Amounts falling due within one year

7

856,561

717,502

NET CURRENT LIABILITIES

(179,231

)

(215,091

)

TOTAL ASSETS LESS CURRENT LIABILITIES

228,754

138,456

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

228,744

138,446

228,754

138,456

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 26 August 2026 and were signed by:

M J Carney - Director

1.	STATUTORY INFORMATION

Matt Carney Ltd 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.

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 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

100,000

AMORTISATION

At 1 September 2024

20,000

Charge for year

10,000

At 31 August 2025

30,000

NET BOOK VALUE

At 31 August 2025

70,000

At 31 August 2024

80,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 September 2024

71,284

279,949

351,233

Additions

23,377

84,000

107,377

At 31 August 2025

94,661

363,949

458,610

DEPRECIATION

At 1 September 2024

-

77,686

77,686

Charge for year

-

42,939

42,939

At 31 August 2025

-

120,625

120,625

NET BOOK VALUE

At 31 August 2025

94,661

243,324

337,985

At 31 August 2024

71,284

202,263

273,547

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

273,098

308,055

Other debtors

-

4,206

273,098

312,261

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

393,091

328,102

Taxation and social security

82,988

83,225

Other creditors

380,482

306,175

856,561

717,502