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REGISTERED NUMBER: 04939070 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2024

for

MATRIX FLOORING SOLUTIONS LIMITED

MATRIX FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 04939070)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


MATRIX FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 04939070)

Balance Sheet
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 317,240 171,315
Investments 6 125,000 125,000
442,240 296,315

CURRENT ASSETS
Stocks 49,763 30,117
Debtors 7 207,459 237,710
Cash at bank 212,454 335,638
469,676 603,465
CREDITORS
Amounts falling due within one year 8 207,652 218,483
NET CURRENT ASSETS 262,024 384,982
TOTAL ASSETS LESS CURRENT
LIABILITIES

704,264

681,297

PROVISIONS FOR LIABILITIES 9 54,908 40,858
NET ASSETS 649,356 640,439

CAPITAL AND RESERVES
Called up share capital 10 30 30
Capital redemption reserve 30 30
Retained earnings 649,296 640,379
SHAREHOLDERS' FUNDS 649,356 640,439

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 February 2025 and were signed by:





L Hutchinson - Director


MATRIX FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 04939070)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Matrix Flooring Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04939070

Registered office: Unit 4 Lincoln Park
Walton Summit Industrial Estate
Bamber Bridge
Preston
PR5 8NA

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Matrix Flooring Solutions Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

MATRIX FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 04939070)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 11 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2024 527,925 55,080 583,005
Additions 121,284 88,290 209,574
At 31 December 2024 649,209 143,370 792,579
DEPRECIATION
At 1 January 2024 404,995 6,695 411,690
Charge for year 51,553 12,096 63,649
At 31 December 2024 456,548 18,791 475,339
NET BOOK VALUE
At 31 December 2024 192,661 124,579 317,240
At 31 December 2023 122,930 48,385 171,315

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 125,000
NET BOOK VALUE
At 31 December 2024 125,000
At 31 December 2023 125,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 182,481 208,291
Other debtors 24,978 29,419
207,459 237,710

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 36,856 54,306
Amounts owed to group undertakings 107,845 99,980
Taxation and social security 12,491 17,692
Other creditors 50,460 46,505
207,652 218,483

MATRIX FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 04939070)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

9. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 54,908 40,858

Deferred
tax
£   
Balance at 1 January 2024 40,858
Provided during year 14,050
Balance at 31 December 2024 54,908

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
30 Ordinary £1 30 30