MATERIAL INDEX LTD


Directors	LAKHANI, Jay Dilip
	LEWIS, Morgan William Richard Gostwyck
	SMITH, Robert Peter


Registered Address	71-75 Shelton Street
	Covent Garden
	London
	WC2 9JQ


Registered Number	14747938 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		8,981		-
			8,981		-
Current assets
Debtors	4	219,794		13,870
Cash at bank and on hand		442,839		9,581
		662,633		23,451
Creditors amounts falling due within one year	5	(132,619)		(116,814)
Net current assets (liabilities)			530,014		(93,363)
Total assets less current liabilities			538,995		(93,363)
Net assets			538,995		(93,363)
Capital and reserves
Called up share capital			2		1
Share premium			983,053		-
Profit and loss account			(444,060)		(93,364)
Shareholders' funds			538,995		(93,363)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 23 December 2025, and are signed on its behalf by:

SMITH, Robert Peter
Director
Registered Company No. 14747938

MATERIAL INDEX LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of goods and services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Defined contribution pension plan
	The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	4

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. 

	Government grants or assistance
	Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Government grants or assistance

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	8		3

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
Additions	10,449	10,449
At 31 March 25	10,449	10,449
Depreciation and impairment
Charge for year	1,468	1,468
At 31 March 25	1,468	1,468
Net book value
At 31 March 25	8,981	8,981
At 31 March 24	-	-

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	56,731	12,636
Other debtors	155,464	185
Prepayments and accrued income	7,599	1,049
Total	219,794	13,870

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	2,866	17
Convertible loans	-	80,000
Taxation and social security	80,505	24,481
Other creditors	49,248	10,796
Accrued liabilities and deferred income	-	1,520
Total	132,619	116,814

6.	Operating lease commitments
	At 31 March 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £12,000 (2024: £nil), and this is due within 1 year.

7.	Related party transactions
	As at 31 March 2024 the company owed a Director £41. During the year ended 31 March 2025, the Director incurred business expenses of £312 and the amount owed to the Director as at 31 March 2025 was £353 and was included in other creditors. This loan was unsecured, interest free and repayable on demand. As at 31 March 2024 the company owed a Director £4,817 and this was included in other creditors. This loan was unsecured, interest free and repayable on demand. During the year ended 31 March 2025, this amount was written off in full to Other income in the profit and loss account. As at 31 March 2024 the company was owed £185 from a Director and this was included in other debtors. As at 31 March 2024, this loan was unsecured, bore interest at 2.25% per annum and was repayable on demand. During the year the Company received loan advances from the Director of £5,262 and personally paid business expenditure of £7,756. As a result, the Company was owed £2,679 from the Director. This amount has been written off and as this balance relates to business expenditure, the loan has correctly been written off to administrative expenses in the profit and loss account.

Related party transactions

As at 31 March 2024 the company owed a Director £41. During the year ended 31 March 2025, the Director incurred business expenses of £312 and the amount owed to the Director as at 31 March 2025 was £353 and was included in other creditors. This loan was unsecured, interest free and repayable on demand.

As at 31 March 2024 the company owed a Director £4,817 and this was included in other creditors. This loan was unsecured, interest free and repayable on demand. During the year ended 31 March 2025, this amount was written off in full to Other income in the profit and loss account. 

As at 31 March 2024 the company was owed £185 from a Director and this was included in other debtors. As at 31 March 2024, this loan was unsecured, bore interest at 2.25% per annum and was repayable on demand. During the year the Company received loan advances from the Director of £5,262 and personally paid business expenditure of £7,756. As a result, the Company was owed £2,679 from the Director. This amount has been written off and as this balance relates to business expenditure, the loan has correctly been written off to administrative expenses in the profit and loss account.