REGISTERED NUMBER: 10427434 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

beMatrix UK Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S R M Decroos

E Van der Vennet

A Burton

SECRETARY:

MYUKOFFICE LTD

REGISTERED OFFICE:

Unit 2 Lobb Farm

London Road

Tetsworth

Thame

Oxfordshire

OX9 7BE

REGISTERED NUMBER:

10427434 (England and Wales)

AUDITORS:

Try Lunn & Co

Chartered Accountants

and Statutory Auditors

Roland House

Princes Dock Street

HULL HU1 2LD

FIXED ASSETS

Intangible assets

5

100

100

Tangible assets

6

613,923

421,016

614,023

421,116

CURRENT ASSETS

Debtors

7

194,493

174,082

Cash at bank and in hand

393,513

405,309

588,006

579,391

CREDITORS

Amounts falling due within one year

8

98,781

163,074

NET CURRENT ASSETS

489,225

416,317

TOTAL ASSETS LESS CURRENT LIABILITIES

1,103,248

837,433

CREDITORS

Amounts falling due after more than one year

9

(8,746

)

(12,135

)

PROVISIONS FOR LIABILITIES

11

(147,291

)

(104,853

)

NET ASSETS

947,211

720,445

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

13

947,111

720,345

SHAREHOLDERS' FUNDS

947,211

720,445

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 Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

S R M Decroos - Director

E Van der Vennet - Director

A Burton - Director

1.	STATUTORY INFORMATION

beMatrix UK Ltd 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.

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.

Turnover

Turnover comprises of fees in respect of marketing services provided and the rental of exhibition related goods.

Marketing revenues are recognised on a monthly basis following the completion of the services provided.

Revenue for rental of exhibition related goods are recognised evenly over the the rental period.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and Machinery etc - 33% on cost, 25% on cost, and 20% on cost

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.

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.

Hire purchase and leasing commitments

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4.	AUDITORS' REMUNERATION

2024

2023

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

5,095

4,760

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

1,294,966

Additions

370,607

Disposals

(592

)

At 31 December 2024

1,664,981

DEPRECIATION

At 1 January 2024

873,950

Charge for year

177,108

At 31 December 2024

1,051,058

NET BOOK VALUE

At 31 December 2024

613,923

At 31 December 2023

421,016

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

21,195

DEPRECIATION

At 1 January 2024

6,127

Charge for year

6,237

At 31 December 2024

12,364

NET BOOK VALUE

At 31 December 2024

8,831

At 31 December 2023

15,068

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

81,228

71,862

Amounts owed by group undertakings

12,369

72,110

Other debtors

100,896

30,110

194,493

174,082

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 10)

3,389

3,157

Trade creditors

18,093

23,253

Amounts owed to group undertakings

24,615

5,263

Taxation and social security

15,101

92,213

Other creditors

37,583

39,188

98,781

163,074

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 10)

8,746

12,135

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

3,389

3,157

Between one and five years

8,746

12,135

12,135

15,292

Non-cancellable

operating leases

2024

2023

£

£

Within one year

84,600

76,050

Between one and five years

239,700

291,525

324,300

367,575

11.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

147,291

104,853

Deferred

tax

£

Balance at 1 January 2024

104,853

Charge to Income Statement during year

42,438

Balance at 31 December 2024

147,291

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

13.

RESERVES

Retained

earnings

£

At 1 January 2024

720,345

Profit for the year

226,766

At 31 December 2024

947,111

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

The Report of the Auditors was unqualified.

Simon Moss FCCA (Senior Statutory Auditor)

for and on behalf of Try Lunn & Co

15.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

A Burton

Balance outstanding at start of year

-

33,022

Amounts advanced

-

11,254

Amounts repaid

-

(44,276

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Interest was charged on the directors loan at a market rate of interest.

16.	RELATED PARTY DISCLOSURES

During the year the company recharged costs of £12,588 (2023: £85,855) on normal commercial terms to beMatrix NV, a sister company.

During the year the company purchased goods and services totalling £337,323 (2023: £211,462) on normal commercial terms from beMatrix NV.

During the year the company received commissions of £373,131 (2023: £333,191) under normal commercial terms from beMatrix NV.

At the balance sheet date an amount of £14,062 was owed by the company to beMatrix NV. (2023: £67,244 owed to the company by beMatrix NV).

During the year the company purchased goods and services totalling £192,950 (2023: £99,269) on normal commercial terms from beMatrix Rental & Service Center Belgium NV.

During the year the company provided goods and services totalling £32,438 (2023: £27,535) on normal commercial terms to beMatrix Rental & Service Center Belgium NV.

During the year the company provided goods and services totalling £13,482 (2023: £3,232) on normal commercial terms to beMatrix Netherlands.

During the year the company provided goods and services totalling £NIL (2023: £5,279) on normal commercial terms to beMatrix France SAS.

Also during the year the company purchased goods and services totalling £2,276 (2023: £11,736) on normal commercial terms from beMatrix France SAS.

At the balance sheet date an amount of £NIL (2023: £3,486) was owed by the company to beMatrix France SAS.

During the year the company received commissions of £23,815 (2023: £34,280) under normal commercial terms from beMatrix USA.

At the balance sheet date an amount of £11,013 (2023: £4,866) was owed to the company by beMatrix USA.

During the year the company provided goods and services totalling £1,307 (2023: £NIL) on normal commercial terms to beMatrix Germany.

Also during the year the company purchased goods and services totalling £696 (2023: £700) on normal commercial terms from beMatrix Germany.

During the year the company provided goods and services totalling £1,459 (2023: £NIL) on normal commercial terms to beMatrix Scandinavia AB.

At the balance sheet date and amount of £1,356 (2023: £NIL) was owed to the company by beMatrix

Scandinavia AB.

During the year the company provided goods and services totalling £2,442 (2023: £NIL) on normal commercial terms to beMatrix Rental Poland SP. Z o.o..

During the year the company were provided with services totalling £71,841 (2023: £18,404) under normal commercial terms by Stedi BVBA.

At the balance sheet date and amount of £10,553 (2023: £1,777) was owed by the company to Stedi BVBA.

17.	ULTIMATE CONTROLLING PARTY

The immediate controlling party is Stedi BVBA a company registered in Belgium.

There is no overall controlling party.