Matai Stone Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

Registered number: 09346659

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		92,696		85,365
Investment Properties	5		515,238		515,238

			607,934		600,603
CURRENT ASSETS
Debtors	6	275,489		290,298
Cash at bank and in hand		118,661		71,918

		394,150		362,216
Creditors: Amounts Falling Due Within One Year	7	(270,031 )		(228,652 )

NET CURRENT ASSETS (LIABILITIES)			124,119		133,564

TOTAL ASSETS LESS CURRENT LIABILITIES			732,053		734,167

Creditors: Amounts Falling Due After More Than One Year	8		(230,167 )		(239,119 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(18,253 )		(16,245 )

NET ASSETS			483,633		478,803

CAPITAL AND RESERVES
Called up share capital	10		2		2
Income Statement			483,631		478,801

SHAREHOLDERS' FUNDS			483,633		478,803

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Matai Stone Ltd

Statement of Financial Position (continued)

As At 31 December 2024

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr B Mataj Director	Mr R Matai Director
02/09/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Matai Stone Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09346659 . The registered office is Nicholson House, 41 Thames Street, Weybridge, Surrey, KT13 8JG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Presentational Currency

The accounts are presented in and rounded to the nearest £1 sterling.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	10% on cost
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Computer Equipment	33.33 % on cost

2.4. Investment Properties

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Depreciation is not provided on the investment property. This treatment may be a departure from the requirements of the Companies Act concerning depreciation of fixed assets. However, the property is not held for consumption but for investment and the directors consider that systematic annual depreciation would not be inappropriate.The accounting policy adopted is therefore necessary for the accounts to give a true and fair view. Depreciation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

2.5. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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Matai Stone Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

2.7. Pensions

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2023: 11)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	18,772	97,137	46,282	6,191	168,382
Additions	-	-	26,995	999	27,994

As at 31 December 2024	18,772	97,137	73,277	7,190	196,376

Depreciation
As at 1 January 2024	1,877	56,927	22,187	2,026	83,017
Provided during the period	1,877	10,053	6,586	2,147	20,663

As at 31 December 2024	3,754	66,980	28,773	4,173	103,680

Net Book Value
As at 31 December 2024	15,018	30,157	44,504	3,017	92,696

As at 1 January 2024	16,895	40,210	24,095	4,165	85,365

5. Investment Property

	2024
	£
Fair Value
As at 1 January 2024 and 31 December 2024	515,238

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Matai Stone Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	68,935	85,214
Prepayments and accrued income	1,460	-
Other debtors	418	205,084
Other debtors (1)	204,676	-

	275,489	290,298

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	9,253	8,833
Trade creditors	119,281	96,839
Bank loans and overdrafts	16,592	15,818
Corporation tax	34,220	24,672
VAT	21,976	21,320
Other creditors	9,753	1,073
Accruals and deferred income	3,200	3,600
Directors' loan accounts	55,756	56,497

	270,031	228,652

The company has provided fixed and floating charges over its assets including the residential property it owns to secure some of its bank loans.

Amount due on finance leases are secured on the asset to which the lease relates

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	17,413	6,666
Bank loans	212,754	232,453

	230,167	239,119

The company has provided fixed and floating charges over its assets including the residential property it owns to secure some of its bank loans.

Amount due on finance leases are secured on the asset to which the lease relates

9. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	9,253	8,833
Later than one year and not later than five years	17,413	6,666

	26,666	15,499

	26,666	15,499

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Matai Stone Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

11. Controlling Party

The company's controlling party is by virtue of his ownership of (enter %)% of the issued share capital in the company.

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