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REGISTERED NUMBER: 01950507 (England and Wales)

| Financial Statements |

| for the Year Ended 31 December 2024 |

| for |

| Mato Industries Limited |

Mato Industries Limited (Registered number: 01950507)

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Mato Industries Limited

Company Information

for the Year Ended 31 December 2024

| DIRECTOR: | A P Norton

| SECRETARY: | G R Hudson

| REGISTERED OFFICE: | Shackleton Point

| Dock Street

| Blackburn

| Lancashire

| BB1 3AX

| REGISTERED NUMBER: | 01950507 (England and Wales)

| AUDITORS: | SB&P

| Chartered Accountants & Statutory Auditors

| Oriel House

| 2-8 Oriel Road

| Bootle

| Liverpool

| Merseyside

| L20 7EP

Mato Industries Limited (Registered number: 01950507)

Balance Sheet

31 December 2024

| 31.12.24 | 31.12.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 2,378,620 |  | 396,802 |  |

Investments | 6 | - |  | - |  |

2,378,620 |  | 396,802 |  |

CURRENT ASSETS

Stocks | 1,092,503 |  | 1,309,908 |  |

Debtors | 7 | 1,385,441 |  | 1,637,150 |  |

Cash at bank and in hand | 2,987,994 |  | 3,895,827 |  |

5,465,938 |  | 6,842,885 |  |

CREDITORS

Amounts falling due within one year | 8 | 888,237 |  | 857,691 |  |

NET CURRENT ASSETS | 4,577,701 |  | 5,985,194 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 6,956,321 |  | 6,381,996 |  |

PROVISIONS FOR LIABILITIES | 10 | 121,214 |  | 143,083 |  |

NET ASSETS | 6,835,107 |  | 6,238,913 |  |

CAPITAL AND RESERVES

Called up share capital | 300,000 |  | 300,000 |  |

Retained earnings | 6,535,107 |  | 5,938,913 |  |

SHAREHOLDERS' FUNDS | 6,835,107 |  | 6,238,913 |  |

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 April 2025 and were signed by:

A P Norton - Director

Mato Industries Limited (Registered number: 01950507)

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Mato Industries Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| 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. The financial statements have been prepared under the historical cost convention.

| Preparation of consolidated financial statements

| The financial statements contain information about Mato Industries 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.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| The turnover shown in the statement of comprehensive income represents amounts invoiced during the year, exclusive of Value Added Tax. Revenue is recognised on delivery of the goods or performance of the service.

| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of ten years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | 3% on cost and NIL

| Improvements to property | - | 20% on cost

| Plant and machinery | - | 10% on cost

| Fixtures and fittings | - | 33% on cost and 20% on cost

| Motor vehicles | - | 25% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

Mato Industries Limited (Registered number: 01950507)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials.

| At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

| Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Basic financial liabilities

| Basic financial liabilities, including trade and other creditors and loans from fellow group companies, are initially recognised at transaction price.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Equity instruments

| Equity instruments issued by the company are recorded at the fair value of proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

| 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.

Mato Industries Limited (Registered number: 01950507)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

| Provisions

| Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

| The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 30 (2023 - 32 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 256,172 |  |

| AMORTISATION

| At 1 January 2024

| and 31 December 2024 | 256,172 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  |

| At 31 December 2023 | - |  |

Mato Industries Limited (Registered number: 01950507)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

5. | TANGIBLE FIXED ASSETS

| Improvements |

| Freehold |  | to |  | Plant and

| property |  | property |  | machinery

£ | £ | £ |

| COST

| At 1 January 2024 | 240,000 |  | 13,746 |  | 227,540 |  |

| Additions | 1,964,404 |  | - |  | 6,854 |  |

| Disposals | - |  | - |  | - |  |

| At 31 December 2024 | 2,204,404 |  | 13,746 |  | 234,394 |  |

| DEPRECIATION

| At 1 January 2024 | 72,000 |  | 13,746 |  | 171,348 |  |

| Charge for year | 17,896 |  | - |  | 3,761 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| At 31 December 2024 | 89,896 |  | 13,746 |  | 175,109 |  |

| NET BOOK VALUE

| At 31 December 2024 | 2,114,508 |  | - |  | 59,285 |  |

| At 31 December 2023 | 168,000 |  | - |  | 56,192 |  |

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024 | 124,937 |  | 430,959 |  | 1,037,182 |  |

| Additions | 13,817 |  | 129,140 |  | 2,114,215 |  |

| Disposals | - |  | (90,023 | ) | (90,023 | ) |

| At 31 December 2024 | 138,754 |  | 470,076 |  | 3,061,374 |  |

| DEPRECIATION

| At 1 January 2024 | 114,047 |  | 269,239 |  | 640,380 |  |

| Charge for year | 8,184 |  | 81,005 |  | 110,846 |  |

| Eliminated on disposal | - |  | (68,472 | ) | (68,472 | ) |

| At 31 December 2024 | 122,231 |  | 281,772 |  | 682,754 |  |

| NET BOOK VALUE

| At 31 December 2024 | 16,523 |  | 188,304 |  | 2,378,620 |  |

| At 31 December 2023 | 10,890 |  | 161,720 |  | 396,802 |  |

6. | FIXED ASSET INVESTMENTS

| The company owns 100% of the issued share capital of Lumatic Limited and Lumatic (G.A.) Limited, both dormant companies incorporated in England & Wales. The investment values have been impaired to £Nil during prior periods.

Mato Industries Limited (Registered number: 01950507)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade debtors | 1,286,908 |  | 1,516,669 |  |

| Amounts owed by group undertakings | 44,731 |  | 41,909 |  |

| Prepayments | 53,802 |  | 78,572 |  |

1,385,441 |  | 1,637,150 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade creditors | 123,149 |  | 186,840 |  |

| Amounts owed to group undertakings | 41,723 |  | 60,431 |  |

| Tax | 210,588 |  | 223,045 |  |

| Social security and other taxes | 31,980 |  | 36,157 |  |

| VAT | 172,448 |  | 163,780 |  |

| Accrued expenses | 308,349 |  | 187,438 |  |

888,237 |  | 857,691 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.12.24 |  | 31.12.23

£ | £ |

| Within one year | 26,312 |  | 60,583 |  |

| Between one and five years | 39,436 |  | 73,000 |  |

| In more than five years | 1,890 |  | - |  |

67,638 |  | 133,583 |  |

10. | PROVISIONS FOR LIABILITIES

| 31.12.24 |  | 31.12.23

£ | £ |

| Deferred tax | 51,214 |  | 2,083 |  |

| Other provisions | 70,000 |  | 141,000 |  |

121,214 |  | 143,083 |  |

| Deferred |  | Other |

| tax |  | provisions |

£ | £ |

| Balance at 1 January 2024 | 2,083 |  | 141,000 |  |

| Charge/(credit) to Income Statement during year | 49,131 |  | (71,000 | ) |

| Balance at 31 December 2024 | 51,214 |  | 70,000 |  |

11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Suzanne Draper FCCA ACA (Senior Statutory Auditor)

| for and on behalf of SB&P

Mato Industries Limited (Registered number: 01950507)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

12. | PARENT COMPANY

| Mato Holding GmbH is the immediate parent company, and the ultimate parent undertaking is Mato GmbH & Co. KG, a limited liability company incorporated in Germany, and is the smallest and largest group for which consolidated accounts including Mato Industries Limited are prepared. The consolidated accounts of Mato GmbH & Co. KG are available from its registered office, BenzstraBe, 16-2463165, Muhlheim am Main, Germany. The ultimate controlling party is Mrs. S . Haupt.