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Company Registration No. 11200808 (England and Wales)
Matrix Tiles Ltd Unaudited accounts for the year ended 31 March 2024
Matrix Tiles Ltd Unaudited accounts Contents
Page
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Matrix Tiles Ltd Company Information for the year ended 31 March 2024
Director
Krunalkumar Balavantbhai Viradiya
Company Number
11200808 (England and Wales)
Registered Office
CONWAY HOUSE SPRINGFIELD ROAD HAYES UB4 0JT ENGLAND
Accountants
Equifin Accountancy Ltd 87 Kingshill drive Harrow Middlesex HA3 8QQ
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Matrix Tiles Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,580 
- 
Current assets
Inventories
388,410 
386,840 
Debtors
43,356 
11,087 
Cash at bank and in hand
(4,918)
- 
426,848 
397,927 
Creditors: amounts falling due within one year
(201,136)
(36,790)
Net current assets
225,712 
361,137 
Total assets less current liabilities
236,292 
361,137 
Creditors: amounts falling due after more than one year
(342,511)
(423,617)
Net liabilities
(106,219)
(62,480)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(106,319)
(62,580)
Shareholders' funds
(106,219)
(62,480)
For the year ending 31 March 2024 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 and authorised for issue on 10 December 2024 and were signed on its behalf by
Krunalkumar Balavantbhai Viradiya Director Company Registration No. 11200808
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Matrix Tiles Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Matrix Tiles Ltd is a private company, limited by shares, registered in England and Wales, registration number 11200808. The registered office is CONWAY HOUSE, SPRINGFIELD ROAD, HAYES, UB4 0JT, ENGLAND.
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Other Income
Other income includes rental income and utility charges recovered from the tenant during the period.
Other Debtors
Other debtors includes rent deposit £5,000 (2021 : £5,000)
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:
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Matrix Tiles Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 April 2023
- 
Additions
10,580 
At 31 March 2024
10,580 
Depreciation
At 31 March 2024
- 
Net book value
At 31 March 2024
10,580 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
(1,580)
437 
Deferred tax asset
5,650 
5,650 
Other debtors
34,286 
- 
38,356 
6,087 
Amounts falling due after more than one year
5,000 
5,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
23,326 
13,532 
VAT
3,928 
5,796 
Trade creditors
2,713 
13,451 
Taxes and social security
- 
11 
Other creditors
166,580 
- 
Accruals
4,589 
4,000 
201,136 
36,790 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
18,860 
27,910 
Other creditors
279,264 
371,264 
Loans from directors
44,387 
24,443 
342,511 
423,617 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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