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Company Registration No. 05495766 (England and Wales)
Matrix Global Networks Limited Unaudited accounts for the year ended 31 December 2025
Matrix Global Networks Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Matrix Global Networks Limited Company Information for the year ended 31 December 2025
Directors
BISHOP, Andrew James GRANT, Nicola LEWIS, Desmond William TROTT, Adrian Spencer
Company Number
05495766 (England and Wales)
- 3 -
Matrix Global Networks Limited Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
150,594
214,963
Investments
5
1
1
150,595
214,964
Current assets
Inventories
972,601
1,175,093
Debtors
6
1,832,694
1,886,062
Cash at bank and in hand
34,751
46,900
2,840,046
3,108,055
Creditors: amounts falling due within one year
7
(2,045,688)
(2,314,219)
Net current assets
794,358
793,836
Total assets less current liabilities
944,953
1,008,800
Creditors: amounts falling due after more than one year
8
(46,988)
(101,774)
Provisions for liabilities
Deferred tax
(37,649)
(53,741)
Net assets
860,316
853,285
Capital and reserves
Called up share capital
9
100,002
100,002
Profit and loss account
760,314
753,283
Shareholders' funds
860,316
853,285
For the year ending 31 December 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 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 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 of Directors and authorised for issue on 18 June 2026 and were signed on its behalf by
BISHOP, Andrew James Director Company Registration No. 05495766
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Matrix Global Networks Limited Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Matrix Global Networks Limited is a private company, limited by shares, registered in England and Wales, registration number 05495766.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Land & buildings
10% on cost
Plant & machinery
25% on reducing balance
Fixtures & fittings
33% on cost
Computer equipment
33% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Leased assets
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
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Matrix Global Networks Limited Notes to the Accounts for the year ended 31 December 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 January 2025
292,066
178,318
69,016
539,400
Additions
15,981
-
15,925
31,906
At 31 December 2025
308,047
178,318
84,941
571,306
Depreciation
At 1 January 2025
145,962
135,129
43,346
324,437
Charge for the year
38,729
42,649
14,897
96,275
At 31 December 2025
184,691
177,778
58,243
420,712
Net book value
At 31 December 2025
123,356
540
26,698
150,594
At 31 December 2024
146,104
43,189
25,670
214,963
5
Investments
Subsidiary undertakings
£
Valuation at 1 January 2025
1
Valuation at 31 December 2025
1
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
957,162
1,219,934
Accrued income and prepayments
123,087
137,382
Other debtors
20,218
19,508
1,100,467
1,376,824
Amounts falling due after more than one year
Trade debtors
-
(9,400)
Amounts due from group undertakings etc.
732,227
518,638
732,227
509,238
- 6 -
Matrix Global Networks Limited Notes to the Accounts for the year ended 31 December 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
20,833
50,001
VAT
98,174
121,963
Obligations under finance leases and hire purchase contracts
43,010
45,806
Trade creditors
1,074,151
1,221,467
Taxes and social security
60,102
44,021
Other creditors
644,082
694,787
Accruals
105,336
136,174
2,045,688
2,314,219
Secured Debts; Bank Loans 2025 - £20,833, 2024 - £70,,833 Hire Purchase Contracts 2025 - £89,998 2024 - £126,747
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
20,833
Obligations under finance leases and hire purchase contracts
46,988
80,941
46,988
101,774
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100,002 Ordinary shares of £1 each
100,002
100,002
10
Controlling party
The company is a wholly owned subsidiary of Global Networks Group Limited.
11
Average number of employees
During the year the average number of employees was 48 (2024: 48).
- 7 -