In2Matrix UK Limited - Filleted accounts

Registered number

06755844

In2Matrix UK Limited

Filleted Accounts

31 December 2024

In2Matrix UK Limited
Registered number:		06755844
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Intangible assets	3		1,685			1,980

Current assets
Debtors	5	2,487			22,018
Cash at bank and in hand		128,550			46,394
		131,037			68,412

Creditors: amounts falling due within one year	6	(43,015)			(8,337)

Net current assets			88,022			60,075

Net assets			89,707			62,055

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			88,707			61,055

Shareholder's funds			89,707			62,055

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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.




G Baltazar
Director
Approved by the board on 28 August 2025

In2Matrix UK Limited
Notes to the Accounts
for the year ended 31 December 2024


1	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).

	Turnover
	Revenue from services rendered is recognised in profit or loss in proportion to the stage of completion of the transaction at the reporting date. When the Company acts in the capacity of an agent rather than as the principal in a transaction, the revenue recognised is the net amount of commission made by the Company.

	Intangible fixed assets
	Intangible assets that are acquired by the Company, which have finite useful lives, are measured at cost less accumulated amortisation and accumulated impairment losses. Subsequent expenditure is capitalised only when it increases the future economic benefits embodied in the specific asset to which it relates. All other expenditure, including expenditure on internally generated goodwill and brands, is recognised in the profit or loss as incurred. Amortisation is calculated over the cost of the asset, or other amount substituted for cost, less its residual value. Amortisation is recognised in profit or loss on a straight-line basis over the estimated useful lives of intangible assets, from the date that they are available for use since this most closely reflects the expected pattern of consumption of future economic benefits embodied in the asset. The estimated useful lives for the current period are as follows:

	Trademark	10 years

	Tangible fixed assets
	Items of property, plant and equipment are measured at cost less accumulated depreciation and impairment losses. Cost includes expenditure that is directly attributable to the acquisition of the asset. Gains and losses on disposal of an item of property, plant and equipment are determined by comparing the proceeds from disposal with the carrying amount of property, plant and equipment, and are recognised net within "other income" in profit or loss. Depreciation is calculated over the depreciable amount, which is the cost of an asset, or other amount substituted for cost, less its residual value. Depreciation is recognised in profit or loss on a straight-line basis over the estimated useful lives of an item of property, plant and equipment. The estimated useful lives for the current period are as follows:

	Office equipment	3 years

	Taxation
	Income tax expense comprises current and deferred tax. Current tax and deferred tax are recognised in profit or loss. Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years. Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is measured at the tax rates that are expected to be applied to the temporary differences when they reverse, based on the laws that have been enacted or substantively enacted by the reporting date. Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax assets and liabilities, and they relate to income taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realised simultaneously. A deferred tax asset is recognised for unused tax losses, tax credits and deductible temporary differences, to the extent that it is probable that future taxable profits will be available against which they can be utilised. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised.

	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.


2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		1		1


3	Intangible fixed assets				£

	Cost
	At 1 January 2024				2,945
	At 31 December 2024				2,945

	Amortisation
	At 1 January 2024				965
	Provided during the year				295
	At 31 December 2024				1,260

	Net book value
	At 31 December 2024				1,685
	At 31 December 2023				1,980



4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 January 2024				922
	At 31 December 2024				922

	Depreciation
	At 1 January 2024				922
	At 31 December 2024				922

	Net book value
	At 31 December 2024				-


5	Debtors		2024		2023
£				£

	Trade debtors		2,155		53
	Other debtors		332		21,965
			2,487		22,018


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

	Trade creditors		377		1,258
	Taxation and social security costs		9,114		4,886
	Other creditors		33,524		2,193
			43,015		8,337


7	Controlling party

	The company is ultimately controlled by Mr G. Baltazar and Ms M. M. Clarenbeek, who each own 50% of the parent undertaking. The parent of the smallest group for which consolidated accounts are drawn up is In2Matrix (Netherlands) B.V. Its registered address is Gustav Mahlerlaan 381, 1082 MK Amsterdam, Netherlands.


8	Other information

	In2Matrix UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
	20 Little Britain
	London
	EC1A 7DH