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Company Registration No. 03448185 (England and Wales)
MATRIX COMPOSITE MATERIALS COMPANY LIMITED Unaudited accounts for the year ended 31 December 2023
MATRIX COMPOSITE MATERIALS COMPANY LIMITED Unaudited accounts Contents
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MATRIX COMPOSITE MATERIALS COMPANY LIMITED Company Information for the year ended 31 December 2023
Directors
Sarah Darby Martin Spooner
Secretary
Sarah Darby
Company Number
03448185 (England and Wales)
Registered Office
2 FOLLY LANE BRISTOL BS2 0RH
Accountants
Esther White Chartered Accountants 15 Captains Walk Saundersfoot SA69 9NL
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MATRIX COMPOSITE MATERIALS COMPANY LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,393 
8,643 
Current assets
Inventories
676,850 
643,000 
Debtors
693,057 
676,106 
Cash at bank and in hand
530,970 
1,117,223 
1,900,877 
2,436,329 
Creditors: amounts falling due within one year
(541,390)
(629,180)
Net current assets
1,359,487 
1,807,149 
Net assets
1,373,880 
1,815,792 
Capital and reserves
Called up share capital
166 
300 
Capital redemption reserve
134 
- 
Profit and loss account
1,373,580 
1,815,492 
Shareholders' funds
1,373,880 
1,815,792 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 March 2024 and were signed on its behalf by
Sarah Darby Director Company Registration No. 03448185
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MATRIX COMPOSITE MATERIALS COMPANY LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
MATRIX COMPOSITE MATERIALS COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03448185. The registered office is 2 FOLLY LANE, BRISTOL, BS2 0RH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10 Years Straight Line
Plant & machinery
20% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2023
87,055 
Additions
11,932 
At 31 December 2023
98,987 
Depreciation
At 1 January 2023
78,412 
Charge for the year
6,182 
At 31 December 2023
84,594 
Net book value
At 31 December 2023
14,393 
At 31 December 2022
8,643 
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MATRIX COMPOSITE MATERIALS COMPANY LIMITED Notes to the Accounts for the year ended 31 December 2023
5
Average number of employees
During the year the average number of employees was 9 (2022: 9).
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