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MATRADUCTION LIMITED

Registered Number
11294531
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

MATRADUCTION LIMITED
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

SCALWAY, James Matthew

Registered Address

26 Berkeley Square
Bristol
BS8 1HP

Registered Number

11294531 (England and Wales)
MATRADUCTION LIMITED
Statement of Financial Position
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets37291,576
7291,576
Current assets
Debtors9,9414,635
Cash at bank and on hand-85
9,9414,720
Creditors amounts falling due within one year4(10,486)(6,119)
Net current assets (liabilities)(545)(1,399)
Total assets less current liabilities184177
Net assets184177
Capital and reserves
Called up share capital100100
Profit and loss account8477
Shareholders' funds184177
The financial statements were approved and authorised for issue by the Director on 18 December 2024, and are signed on its behalf by:
SCALWAY, James Matthew
Director
Registered Company No. 11294531
MATRADUCTION LIMITED
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 May 232,5412,541
At 30 April 242,5412,541
Depreciation and impairment
At 01 May 23965965
Charge for year847847
At 30 April 241,8121,812
Net book value
At 30 April 24729729
At 30 April 231,5761,576
4.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts77-
Taxation and social security9,8916,119
Accrued liabilities and deferred income518-
Total10,4866,119
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.