REGISTERED NUMBER: 04530358 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Maetrics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J A Wnek

J Potthoff

SECRETARY:

Oakwood Corporate Secretary Limited

REGISTERED OFFICE:

3rd Floor 1 Ashley Road

Altrincham

Cheshire

WA14 2DT

REGISTERED NUMBER:

04530358 (England and Wales)

AUDITORS:

Bates Weston Audit Ltd

Statutory Auditors

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

7,652

19,444

CURRENT ASSETS

Debtors

5

2,976,684

3,963,863

Cash at bank

123,442

225,588

3,100,126

4,189,451

CREDITORS

Amounts falling due within one year

6

1,601,407

2,083,559

NET CURRENT ASSETS

1,498,719

2,105,892

TOTAL ASSETS LESS CURRENT LIABILITIES

1,506,371

2,125,336

PROVISIONS FOR LIABILITIES

-

6,000

NET ASSETS

1,506,371

2,119,336

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

1,506,171

2,119,136

SHAREHOLDERS' FUNDS

1,506,371

2,119,336

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

J A Wnek - Director

1.	STATUTORY INFORMATION

Maetrics 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.

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.

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

Turnover represents the amounts (excluding value added tax) derived from the provision of services to customers during the year. Turnover is recognised following provision of the service and it is probable that the company will receive the agreed upon payment.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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:

Improvements to property

- 10% or 20% on cost

Fixtures and fittings

- 33% on cost

Computer equipment

- 33% on cost

Motor vehicles

- 33% on cost

The assets' residual values, useful lives and the depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Foreign currencies

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 plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as an expense when they fall due. Amounts not paid are shown in accruals on the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Leasing commitments

Operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 48 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

25,872

36,289

234,065

296,226

Additions

-

-

1,998

1,998

Disposals

(25,872

)

(36,289

)

-

(62,161

)

At 31 December 2024

-

-

236,063

236,063

DEPRECIATION

At 1 January 2024

24,402

34,303

218,077

276,782

Charge for year

-

-

10,334

10,334

Eliminated on disposal

(24,402

)

(34,303

)

-

(58,705

)

At 31 December 2024

-

-

228,411

228,411

NET BOOK VALUE

At 31 December 2024

-

-

7,652

7,652

At 31 December 2023

1,470

1,986

15,988

19,444

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

344,067

342,051

Amounts owed by group undertakings

2,189,931

3,290,076

Other debtors

47,786

17,185

Tax

71,150

-

Prepayments and accrued income

158,757

314,551

2,811,691

3,963,863

Amounts falling due after more than one year:

Deferred tax

164,993

-

Aggregate amounts

2,976,684

3,963,863

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

99,469

25,786

Amounts owed to group undertakings

797,041

1,086,873

Tax

-

327,620

Social security and other taxes

96,503

147,775

Other creditors

328,571

287,457

Accruals and deferred income

279,823

208,048

1,601,407

2,083,559

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

The Report of the Auditors was unqualified.

Wayne Thomas FCA (Senior Statutory Auditor)

for and on behalf of Bates Weston Audit Ltd

8.

CONTROL

The immediate parent company is RQM+ Europe Holdings LLC .

RQM Parent Holdings LP (incorporated in USA) is regarded by the directors as being the company's ultimate parent company.

The consolidated financial statements for the group are available from the head office of RQM Parent Holdings LP at 2790 Mosside Boulevard, Monroeville, PA 15146, United States of America.