Registered number
06755844
In2Matrix UK Limited
Filleted Accounts
31 December 2023
In2Matrix UK Limited
Registered number: 06755844
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 1,980 2,274
Current assets
Debtors 5 22,018 563
Cash at bank and in hand 46,394 79,184
68,412 79,747
Creditors: amounts falling due within one year 6 (8,337) (32,461)
Net current assets 60,075 47,286
Net assets 62,055 49,560
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 61,055 48,560
Shareholder's funds 62,055 49,560
The directors are satisfied that the Company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The directors' report and profit and loss account have not been delivered to the Registrar of Companies in accordance with the special provisions available to companies subject to the small companies regime.
G Baltazar
Director
Approved by the board on 12 June 2024
In2Matrix UK Limited
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
Revenue from services rendered is recognised in profit or loss in proportion to the stage of completion of the transaction at the reporting date.

When the Company acts in the capacity of an agent rather than as the principal in a transaction, the revenue recognised is the net amount of commission made by the Company.
Intangible fixed assets
Intangible assets that are acquired by the Company, which have finite useful lives, are measured at cost less accumulated amortisation and accumulated impairment losses.

Subsequent expenditure is capitalised only when it increases the future economic benefits embodied in the specific asset to which it relates. All other expenditure, including expenditure on internally generated goodwill and brands, is recognised in the profit or loss as incurred.

Amortisation is calculated over the cost of the asset, or other amount substituted for cost, less its residual value. Amortisation is recognised in profit or loss on a straight-line basis over the estimated useful lives of intangible assets, from the date that they are available for use since this most closely reflects the expected pattern of consumption of future economic benefits embodied in the asset. The estimated useful lives for the current period are as follows:
Trademark 10 years
Tangible fixed assets
Items of property, plant and equipment are measured at cost less accumulated depreciation and impairment losses. Cost includes expenditure that is directly attributable to the acquisition of the asset.

Gains and losses on disposal of an item of property, plant and equipment are determined by comparing the proceeds from disposal with the carrying amount of property, plant and equipment, and are recognised net within "other income" in profit or loss.

Depreciation is calculated over the depreciable amount, which is the cost of an asset, or other amount substituted for cost, less its residual value.

Depreciation is recognised in profit or loss on a straight-line basis over the estimated useful lives of an item of property, plant and equipment.

The estimated useful lives for the current period are as follows:
Office equipment 3 years
Taxation
Income tax expense comprises current and deferred tax. Current tax and deferred tax are recognised in profit or loss.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years.

Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is measured at the tax rates that are expected to be applied to the temporary differences when they reverse, based on the laws that have been enacted or substantively enacted by the reporting date. Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax assets and liabilities, and they relate to income taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realised simultaneously.

A deferred tax asset is recognised for unused tax losses, tax credits and deductible temporary differences, to the extent that it is probable that future taxable profits will be available against which they can be utilised. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the Company 1 1
3 Intangible fixed assets £
Cost
At 1 January 2023 2,945
At 31 December 2023 2,945
Amortisation
At 1 January 2023 671
Provided during the year 294
At 31 December 2023 965
Net book value
At 31 December 2023 1,980
At 31 December 2022 2,274
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 922
At 31 December 2023 922
Depreciation
At 1 January 2023 922
At 31 December 2023 922
Net book value
At 31 December 2023 -
5 Debtors 2023 2022
£ £
Trade debtors 53 -
Other debtors 21,965 563
22,018 563
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,258 27,401
Corporation tax 1,590 (2,305)
Other taxes and social security costs 3,296 4,470
Other creditors 2,193 2,895
8,337 32,461
7 Controlling party
The ultimate controlling party is G Baltazar by virtue of his shareholding.
The parent of the smallest group for which consolidated accounts are drawn up is In2Matrix (Netherlands) B.V. Its registered address is Gustav Mahlerlaan 381, 1082 MK Amsterdam, Netherlands.
8 Other information
In2Matrix UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
20 Little Britain
London
EC1A 7DH
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