Company Registration No. 11200808 (England and Wales)
Matrix Tiles Ltd
Unaudited accounts
for the year ended 31 March 2025
Matrix Tiles Ltd
Unaudited accounts
Contents
Matrix Tiles Ltd
Company Information
for the year ended 31 March 2025
Director
Krunalkumar Balavantbhai Viradiya
Company Number
11200808 (England and Wales)
Registered Office
CONWAY HOUSE
SPRINGFIELD ROAD
HAYES
UB4 0JT
ENGLAND
Accountants
Equifin Accountancy Ltd
Unit A-4 Livingstone Court
55 Peel Road
Harrow
Middlesex
HA3 7QT
Matrix Tiles Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
8,464
10,580
Inventories
306,210
388,410
Cash at bank and in hand
8,788
-
Creditors: amounts falling due within one year
(61,075)
(207,634)
Net current assets
315,359
225,712
Total assets less current liabilities
323,823
236,292
Creditors: amounts falling due after more than one year
(521,426)
(342,511)
Net liabilities
(197,603)
(106,219)
Called up share capital
100
100
Profit and loss account
(197,703)
(106,319)
Shareholders' funds
(197,603)
(106,219)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 December 2025 and were signed on its behalf by
Krunalkumar Balavantbhai Viradiya
Director
Company Registration No. 11200808
Matrix Tiles Ltd
Notes to the Accounts
for the year ended 31 March 2025
Matrix Tiles Ltd is a private company, limited by shares, registered in England and Wales, registration number 11200808. The registered office is CONWAY HOUSE, SPRINGFIELD ROAD, HAYES, UB4 0JT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Other income includes rental income and utility charges recovered from the tenant during the period.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Matrix Tiles Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Motor vehicles
Amounts falling due within one year
Deferred tax asset
5,650
5,650
Accrued income and prepayments
16,500
-
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
35,761
28,244
Trade creditors
2,713
4,293
Taxes and social security
672
-
Other creditors
9,635
166,580
7
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
457,044
279,264
Loans from directors
54,387
44,387
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).