Registered number
13235315
Matiere UK Ltd
Filleted Accounts
For the year ended 31 December 2023
Matiere UK Ltd
Registered number: 13235315
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 68,495 97,008
Current assets
Debtors 5 3,460,197 618,362
Cash at bank and in hand 383,517 690,730
3,843,714 1,309,092
Creditors: amounts falling due within one year 6 (3,460,483) (1,050,066)
Net current assets 383,231 259,026
Total assets less current liabilities 451,726 356,034
Provisions for liabilities (13,014) (23,737)
Net assets 438,712 332,297
Capital and reserves
Share premium 100 100
Profit and loss account 438,612 332,197
Shareholder's funds 438,712 332,297
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Philippe Matiere
Director
Approved by the board on 21 August 2024
Matiere UK Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.

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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% on cost
Motor vehicles 20% on cost
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: Indra Raj Giri ACA, FCCA
Firm: Makesworth Audit Services Ltd
Date of audit report: 21 August 2024
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 13
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 31,422 111,146 142,568
At 31 December 2023 31,422 111,146 142,568
Depreciation
At 1 January 2023 13,500 32,060 45,560
Charge for the year 6,284 22,229 28,513
At 31 December 2023 19,784 54,289 74,073
Net book value
At 31 December 2023 11,638 56,857 68,495
At 31 December 2022 17,922 79,086 97,008
5 Debtors 2023 2022
£ £
Trade debtors - 33,082
Amounts owed by group undertakings 1,756,368 -
Prepayments and accrued income 1,286,055 520,798
Other debtors 417,774 64,482
3,460,197 618,362
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 610,218 226,086
Amounts owed to group undertakings - 618,681
Taxation and social security costs 38,052 73,914
Accruals and deferred income 2,812,213 131,385
3,460,483 1,050,066
7 Related party transactions
Included within debtors is an amount of £1,756,368 (2022: £nil) owed by the parent company.

Included within creditors is an amount of £nil (2022: £618,681) owed to the parent company.
8 Controlling party
The immediate parent undertaking of this company is Matiere SAS, a company incorporated in France.

The ultimate controlling party is Phillippe Matiere by virtue of shares held in the parent entity.
9 Other information
Matiere UK Ltd is a private company limited by shares and incorporated in England. Its registered office is:
25 Station Road
Kings Heath
Birmingham
B14 7SR
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