REGISTERED NUMBER: 01950507 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Mato Industries Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A P Norton

SECRETARY:

G R Hudson

REGISTERED OFFICE:

Shackleton Point

Dock Street

Blackburn

Lancashire

BB1 3AX

REGISTERED NUMBER:

01950507 (England and Wales)

AUDITORS:

DJH Audit Limited, Statutory Auditor

Oriel House

2-8 Oriel Road

Bootle

L20 7EP

FIXED ASSETS

Owned

Intangible assets

4

-

-

Tangible assets

5

2,321,723

2,378,620

Right-of-use

Tangible assets

5, 10

207,608

-

Investments

6

-

-

2,529,331

2,378,620

CURRENT ASSETS

Stocks

1,308,448

1,092,503

Debtors

7

1,316,078

1,385,441

Cash at bank and in hand

3,177,550

2,987,994

5,802,076

5,465,938

CREDITORS

Amounts falling due within one year

8

778,866

888,237

NET CURRENT ASSETS

5,023,210

4,577,701

TOTAL ASSETS LESS CURRENT LIABILITIES

7,552,541

6,956,321

CREDITORS

Amounts falling due after more than one year

9

(205,699

)

-

PROVISIONS FOR LIABILITIES

11

(43,281

)

(121,214

)

NET ASSETS

7,303,561

6,835,107

CAPITAL AND RESERVES

Called up share capital

300,000

300,000

Retained earnings

7,003,561

6,535,107

SHAREHOLDERS' FUNDS

7,303,561

6,835,107

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 May 2026 and were signed by:

A P Norton - Director

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Mato Industries Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

The turnover shown in the statement of comprehensive income represents amounts invoiced during the year, exclusive of Value Added Tax. Revenue is recognised on delivery of the goods or performance of the service.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

3% on cost and NIL

Improvements to property

-

20% on cost

Plant and machinery

-

10% on cost

Fixtures and fittings

-

33% on cost and 20% on cost

Motor vehicles

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investments in wholly-owned subsidiaries are stated at cost. Impairment is recognised when the carrying amount exceeds the recoverable amount, and any loss is recorded in the statement of profit and loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors and loans from fellow group companies, are initially recognised at transaction price.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leases

Leases are recognised as finance leases. The lease liability is initially recognised at the present value of the lease payments which have not yet been made and subsequently measured under the amortised cost method. The initial cost of the right-of-use asset comprises the amount of the initial measurement of the lease liability, lease payments made prior to the lease commencement date, initial direct costs and the estimated costs of removing or dismantling the underlying asset per the conditions of the contract.

Where ownership of the right-of-use asset transfers to the lessee at the end of the lease term, the right-of-use asset is depreciated over the asset’s remaining useful life. If ownership of the right-of-use asset does not transfer to the lessee at the end of the lease term, depreciation is charged over the shorter of the useful life of the right-of-use asset and the lease term.

Pension costs and other post-retirement benefits

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.

Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

Leases (early adoption of amended frs 102)

The company has early adopted the amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland relating to lease accounting, issued as part of the FRC’s Periodic Review and effective for accounting periods beginning on or after 1 January 2026.

Under the amended standard, the company recognises a right-of-use asset and a corresponding lease liability at the commencement date of most leases.

Right-of-use assets are measured initially at the amount of the lease liability, adjusted for any prepaid or accrued lease payments and lease incentives received, and are depreciated on a straight-line basis over the shorter of the lease term and the useful life of the asset.

Lease liabilities are measured at the present value of remaining lease payments, discounted using the company’s incremental borrowing rate, and are subsequently reduced by lease payments and increased by interest charged to profit or loss.

The company has applied the modified retrospective transition approach permitted by FRS 102. Comparative figures have not been restated, and no cumulative adjustment is required.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2024 - 30 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

256,172

AMORTISATION

At 1 January 2025

and 31 December 2025

256,172

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Improveme

Freehold

Short

to

property

leasehold

property

£

£

£

COST

At 1 January 2025

2,204,404

-

13,746

Additions

-

231,250

-

Disposals

-

-

-

At 31 December 2025

2,204,404

231,250

13,746

DEPRECIATION

At 1 January 2025

89,896

-

13,746

Charge for year

44,088

32,500

-

Eliminated on disposal

-

-

-

At 31 December 2025

133,984

32,500

13,746

NET BOOK VALUE

At 31 December 2025

2,070,420

198,750

-

At 31 December 2024

2,114,508

-

-

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

234,394

138,754

470,076

3,061,374

Additions

14,038

19,254

67,114

331,656

Disposals

-

-

(48,430

)

(48,430

)

At 31 December 2025

248,432

158,008

488,760

3,344,600

DEPRECIATION

At 1 January 2025

175,109

122,231

281,772

682,754

Charge for year

7,274

8,913

88,170

180,945

Eliminated on disposal

-

-

(48,430

)

(48,430

)

At 31 December 2025

182,383

131,144

321,512

815,269

NET BOOK VALUE

At 31 December 2025

66,049

26,864

167,248

2,529,331

At 31 December 2024

59,285

16,523

188,304

2,378,620

6.	FIXED ASSET INVESTMENTS

The company owns 100% of the issued share capital of Lumatic Limited and Lumatic (G.A.) Limited, both dormant companies incorporated in England & Wales. The investment values have been impaired to £Nil during prior periods.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

1,231,873

1,286,908

Amounts owed by group undertakings

14,995

44,731

Other debtors

125

-

Prepayments

69,085

53,802

1,316,078

1,385,441

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Leases (see note 10)

20,910

-

Trade creditors

130,485

123,149

Amounts owed to group undertakings

150,622

41,723

Tax

182,590

210,588

Social security and other taxes

24,499

31,980

VAT

75,894

172,448

Accrued expenses

193,866

308,349

778,866

888,237

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Leases (see note 10)

205,699

-

10.

LEASING

Right-of-use assets

Tangible fixed assets

31.12.25

31.12.24

£

£

COST

Additions

242,470

-

DEPRECIATION

Charge for year

34,862

-

NET BOOK VALUE

207,608

-

Lease liabilities

Minimum lease payments fall due as follows:

31.12.25

31.12.24

£

£

Gross obligations repayable:

Within one year

36,062

-

Between one and five years

232,754

-

268,816

-

Finance charges repayable:

Within one year

15,152

-

Between one and five years

27,055

-

42,207

-

Net obligations repayable:

Within one year

20,910

-

Between one and five years

205,699

-

226,609

-

11.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

43,281

51,214

Other provisions

-

70,000

43,281

121,214

Deferred

Other

tax

provisions

£

£

Balance at 1 January 2025

51,214

70,000

Credit to Statement of Income and Retained Earnings during year

(7,933

)

-

Balance at 31 December 2025

43,281

70,000

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Suzanne Draper FCCA ACA (Senior Statutory Auditor)

for and on behalf of DJH Audit Limited, Statutory Auditor

13.	POST BALANCE SHEET EVENTS

After the year end, the company declared and paid a dividend of £1,500,000.

14.	PARENT COMPANY

Mato Holding GmbH is the immediate parent company, and the ultimate parent undertaking is Mato GmbH & Co. KG, a limited liability company incorporated in Germany, and is the smallest and largest group for which consolidated accounts including Mato Industries Limited are prepared. The consolidated accounts of Mato GmbH & Co. KG are available from its registered office, BenzstraBe, 16-2463165, Muhlheim am Main, Germany. The ultimate controlling party is Mrs. S . Haupt.