Company Registration No. 03448185 (England and Wales)
MATRIX COMPOSITE MATERIALS COMPANY LIMITED
Unaudited accounts
for the year ended 31 December 2024
MATRIX COMPOSITE MATERIALS COMPANY LIMITED
Statement of financial position
as at 31 December 2024
Tangible assets
12,392
14,393
Inventories
697,900
676,850
Cash at bank and in hand
688,732
530,970
Creditors: amounts falling due within one year
(547,776)
(541,390)
Net current assets
1,453,110
1,359,487
Net assets
1,465,502
1,373,880
Called up share capital
300
166
Capital redemption reserve
134
134
Profit and loss account
1,465,068
1,373,580
Shareholders' funds
1,465,502
1,373,880
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by
Sarah Darby
Director
Company Registration No. 03448185
MATRIX COMPOSITE MATERIALS COMPANY LIMITED
Notes to the Accounts
for the year ended 31 December 2024
MATRIX COMPOSITE MATERIALS COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03448185. The registered office is 2 FOLLY LANE, BRISTOL, BS2 0RH.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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:
Land & buildings
5 Years Straight Line
Plant & machinery
20% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
MATRIX COMPOSITE MATERIALS COMPANY LIMITED
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2024
45,544
40,326
3,011
10,106
98,987
Additions
-
1,985
-
2,164
4,149
Disposals
-
-
-
(4,775)
(4,775)
At 31 December 2024
45,544
42,311
3,011
7,495
98,361
At 1 January 2024
40,832
35,948
2,760
5,054
84,594
Charge for the year
1,178
2,388
251
1,746
5,563
On disposals
-
-
-
(4,188)
(4,188)
At 31 December 2024
42,010
38,336
3,011
2,612
85,969
At 31 December 2024
3,534
3,975
-
4,883
12,392
At 31 December 2023
4,712
4,378
251
5,052
14,393
Amounts falling due within one year
Trade debtors
548,625
631,953
Accrued income and prepayments
65,629
61,104
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
173,295
148,783
Taxes and social security
122,278
159,934
Other creditors
2,937
2,739
Loans from directors
78,346
55,524
7
Average number of employees
During the year the average number of employees was 9 (2023: 9).