General Information
Matching Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 08299678, registration address First Floor, Hagley Court, 40 Vicarage Road, Edgbaston, Birmingham, United Kingdom, B15 3EZ.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
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.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, 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:
| Plant and Machinery |
10 Straight Line
|
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.
|
| 2. |
Average number of employees
Average number of employees during the year was 63 (2024 : 51).
|
| 3. |
Intangible fixed assets
| Cost |
Goodwill |
|
Total |
| |
£ |
|
£ |
| At 01 December 2024 |
34,955 |
|
34,955 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 30 November 2025 |
34,955 |
|
34,955 |
| Net book values |
| At 30 November 2025 |
34,955 |
|
34,955 |
| At 30 November 2024 |
34,955 |
|
34,955 |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Land and Buildings |
|
Plant and Machinery |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 December 2024 |
362,708 |
|
89,936 |
|
452,644 |
| Additions |
- |
|
6,623 |
|
6,623 |
| Disposals |
- |
|
- |
|
- |
| At 30 November 2025 |
362,708 |
|
96,559 |
|
459,267 |
| Depreciation |
| At 01 December 2024 |
- |
|
26,105 |
|
26,105 |
| Charge for year |
- |
|
9,656 |
|
9,656 |
| On disposals |
- |
|
- |
|
- |
| At 30 November 2025 |
- |
|
35,761 |
|
35,761 |
| Net book values |
| Closing balance as at 30 November 2025 |
362,708 |
|
60,798 |
|
423,506 |
| Opening balance as at 01 December 2024 |
362,708 |
|
63,831 |
|
426,539 |
|
| 5. |
Stocks
|
2025
£ |
|
2024
£ |
| Finished Goods |
2,400 |
|
2,200 |
|
2,400 |
|
2,200 |
|
| 6. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Amount Owed by Group Undertakings |
121,530 |
|
46,465 |
| Prepayments |
81,327 |
|
106,083 |
| Other Debtors |
2,000 |
|
- |
| Directors' Current Accounts |
84,806 |
|
100,210 |
|
289,663 |
|
252,758 |
|
| 7. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
30,231 |
|
51,755 |
| Amounts Owed to Group Undertakings |
- |
|
83,445 |
| Corporation Tax |
59,831 |
|
60,197 |
| PAYE & Social Security |
14,969 |
|
21,657 |
| Accrued Expenses |
5,500 |
|
5,500 |
| Other Creditors |
2,188 |
|
2,415 |
| VAT |
55,942 |
|
50,663 |
|
168,661 |
|
275,632 |
|
3
|