Registration number: 04938954

Matrix Resources Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Matrix Resources Limited

Company Information

Directors

Mr Peter Neale Crosbie Morrison Mrs Helen Fiona Morrison Mr Henry Morrison

Company secretary

Mr Peter Neale Crosbie Morrison

Registered office

32 West Green Barrington Cambridge Cambridgeshire CB22 7SA

Accountants

Tayabali & White 5 High Green Great Shelford Cambridge CB22 5EG

Matrix Resources Limited

(Registration number: 04938954)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	6	27,534	35,928
Current assets
Stocks	7	26,880	41,778
Debtors	8	29,592	26,400
Cash at bank and in hand		363,217	361,126
		419,689	429,304
Creditors: Amounts falling due within one year	9	(187,905)	(177,356)
Net current assets		231,784	251,948
Total assets less current liabilities		259,318	287,876
Provisions for liabilities		(6,884)	(8,982)
Net assets		252,434	278,894
Capital and reserves
Called up share capital	10	125	125
Retained earnings		252,309	278,769
Shareholders' funds		252,434	278,894

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Matrix Resources Limited

(Registration number: 04938954)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 11 December 2025 and signed on its behalf by:
 

......................................... Mrs Helen Fiona Morrison Director

Matrix Resources Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The company's registered number is 04938954.

The address of its registered office is:
32 West Green
Barrington
Cambridge
Cambridgeshire
CB22 7SA

These financial statements were authorised for issue by the Board on 11 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Matrix Resources Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Short leasehold - equally over the period of the lease
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Matrix Resources Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Matrix Resources Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2024 - 13).

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	8,576	11,268

Matrix Resources Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 April 2024	66,777	66,777
At 31 March 2025	66,777	66,777
Amortisation
At 1 April 2024	66,777	66,777
At 31 March 2025	66,777	66,777
Carrying amount
At 31 March 2025	-	-

Matrix Resources Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6	Tangible assets

	Short leasehold land and buildings £	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	37,181	24,153	20,278	60,195	141,807
Additions	-	-	182	-	182
At 31 March 2025	37,181	24,153	20,460	60,195	141,989
Depreciation
At 1 April 2024	37,181	20,862	17,998	29,838	105,879
Charge for the year	-	495	491	7,590	8,576
At 31 March 2025	37,181	21,357	18,489	37,428	114,455
Carrying amount
At 31 March 2025	-	2,796	1,971	22,767	27,534
At 31 March 2024	-	3,291	2,280	30,357	35,928

7

Stocks

	2025 £	2024 £
Raw materials and consumables	26,880	41,778

8

Debtors

	2025 £	2024 £
Trade debtors	9,844	8,607
Other debtors	10,508	10,338
Prepayments	9,240	7,455
	29,592	26,400

Matrix Resources Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		84,298	71,862
Social security and other taxes		29,394	26,979
Other payables		26,180	31,684
Accruals		18,582	17,178
Tax		29,451	29,653
		187,905	177,356

10	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	125	125	125	125

11

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £915 (2024 - £914) per each Ordinary		114,403		114,214