Matiere UK Ltd - Filleted accounts

Registered number

13235315

Matiere UK Ltd

Filleted Accounts

For the year ended 31 December 2024

Matiere UK Ltd
Registered number:		13235315
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	5		69,432			68,495

Current assets
Debtors	6	6,852,160			3,460,197
Cash at bank and in hand		17,353			383,517
		6,869,513			3,843,714

Creditors: amounts falling due within one year	7	(6,498,499)			(3,460,483)

Net current assets			371,014			383,231

Total assets less current liabilities			440,446			451,726


Provisions for liabilities			(13,014)			(13,014)


Net assets			427,432			438,712

Capital and reserves
Called up share capital			100			100
Profit and loss account			427,332			438,612

Shareholder's funds			427,432			438,712

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Philippe Matiere
Director
Approved by the board on 18 September 2025

Matiere UK Ltd
Notes to the Accounts
for the year ended 31 December 2024

1	Statutory information

	Matiere UK Ltd is a private company limited by shares and incorporated in England and Wales. The company's registered number and registered office address are as follows:

	Registered number :	13235315

	Registered office :	25 Station Road
		Kings Heath
		Birmingham
		B14 7SR

2	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the companies Act 2006. The presentation currency of the financial statements is the Pound Sterling (£).

	Judgements and key sources of estimation uncertainty
	In the application of the company's accounting policies, the management is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office equipment			33% on cost
	Plant and machinery			20% on cost
	Motor vehicles			20% on cost

	The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	Current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and in hand, short term deposits with financial institutions. Cash equivalents are defined as short term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

	Provisions
	Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period, foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


3	Audit information

	The audit report is unqualified.

	Senior statutory auditor:	Indra Raj Giri ACA, FCCA
	Firm:	Makesworth Audit Services Ltd
	Date of audit report:	18 September 2025


4	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					1		10


5	Tangible fixed assets
		Office equipment		Plant and machinery		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2024	-		31,422		111,146		142,568
	Additions	44,173		974,401		-		1,018,574
	Disposals	-		(974,401)		-		(974,401)
	At 31 December 2024	44,173		31,422		111,146		186,741

	Depreciation
	At 1 January 2024	-		19,784		54,289		74,073
	Charge for the year	14,723		6,284		22,229		43,236
	At 31 December 2024	14,723		26,068		76,518		117,309

	Net book value
	At 31 December 2024	29,450		5,354		34,628		69,432
	At 31 December 2023	-		11,638		56,857		68,495


6	Debtors					2024		2023
£							£

	Trade debtors					1,797,404		-
	Amounts owed by group undertakings					2,532,059		1,756,368
	Prepayments and accrued income					2,488,088		1,286,055
	Other debtors					34,609		417,774
						6,852,160		3,460,197


7	Creditors: amounts falling due within one year					2024		2023
£							£

	Trade creditors					140,674		610,218
	Amounts owed to group undertakings					2,429,540		-
	Taxation and social security costs					-		38,052
	Accruals and deferred income					3,928,285		2,812,213
						6,498,499		3,460,483


8	Related party transactions

	Included within debtors is an amount of £1,557,658 (2023: £1,756,368) due from Matiere SAS, the company's parent company and £974,401 (2023: £nil) from Matiere Senegal, a company controlled by the director. Included within creditors is an amount of £2,429,540 (2023: £nil) due to parent company.


9	Controlling party

	The immediate parent undertaking of this company is Matiere SAS, a company incorporated in France. The ultimate controlling party is Phillippe Matiere by virtue of shares held in the parent entity.