1 January 2024 false No description of principal activity Taxfiler 2024.6 03448185business:PrivateLimitedCompanyLtd2024-01-012024-12-31 034481852023-12-31 034481852024-01-012024-12-31 03448185business:AuditExemptWithAccountantsReport2024-01-012024-12-31 03448185business:FilletedAccounts2024-01-012024-12-31 034481852024-12-31 034481852023-12-31 03448185core:WithinOneYear2024-12-31 03448185core:WithinOneYear2023-12-31 03448185core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 03448185core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 03448185core:CapitalRedemptionReservecore:PreviouslyStatedAmount2024-12-31 03448185core:CapitalRedemptionReservecore:PreviouslyStatedAmount2023-12-31 03448185core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 03448185core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 03448185core:PreviouslyStatedAmount2024-12-31 03448185core:PreviouslyStatedAmount2023-12-31 03448185business:SmallEntities2024-01-012024-12-31 03448185business:Director12024-01-012024-12-31 03448185countries:EnglandWales2024-01-012024-12-31 03448185business:RegisteredOffice2024-01-012024-12-31 03448185core:LandBuildings2024-01-012024-12-31 03448185core:PlantMachinery2024-01-012024-12-31 03448185core:FurnitureFittings2024-01-012024-12-31 03448185core:ComputerEquipment2024-01-012024-12-31 03448185core:LandBuildings2023-12-31 03448185core:PlantMachinery2023-12-31 03448185core:FurnitureFittings2023-12-31 03448185core:ComputerEquipment2023-12-31 03448185core:LandBuildings2024-12-31 03448185core:PlantMachinery2024-12-31 03448185core:FurnitureFittings2024-12-31 03448185core:ComputerEquipment2024-12-31 034481852023-01-012023-12-31 iso4217:GBP xbrli:pure
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
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,392 
14,393 
Current assets
Inventories
697,900 
676,850 
Debtors
614,254 
693,057 
Cash at bank and in hand
688,732 
530,970 
2,000,886 
1,900,877 
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 
Capital and reserves
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
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MATRIX COMPOSITE MATERIALS COMPANY LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
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.
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
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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 
Depreciation
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 
Net book value
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 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
548,625 
631,953 
Accrued income and prepayments
65,629 
61,104 
614,254 
693,057 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
144,521 
154,224 
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 
Accruals
26,399 
20,186 
547,776 
541,390 
7
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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