Matrix Traffic and Transport Data Limited Filleted accounts for Companies House (small and micro)
Matrix Traffic and Transport Data Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
10495309
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Financial Statements |
Period from 1 July 2019 to 31 December 2019
Contents |
Page |
Officers and professional advisers |
1 |
Statement of financial position |
2 |
Notes to the financial statements |
4 |
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Officers and Professional Advisers |
The board of directors |
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Registered office |
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Accountants |
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Chartered accountants |
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4 Mason Court |
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Gillan Way |
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Penrith 40 Business Park |
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Penrith |
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Cumbria |
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CA11 9GR |
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Statement of Financial Position |
31 Dec 19 |
30 Jun 19 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
6 |
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Investments |
7 |
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Cash at bank and in hand |
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-------- |
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Creditors: amounts falling due within one year |
8 |
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Net current liabilities |
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-------- |
------- |
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Total assets less current liabilities |
(
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(
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Provisions |
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– |
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---- |
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Net liabilities |
(
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(
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-------- |
---- |
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Capital and reserves
Called up share capital |
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Profit and loss account |
(
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(
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-------- |
---- |
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Shareholders deficit |
(
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(
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
31 July 2020
, and are signed on behalf of the board by:
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Director |
Director |
Company registration number:
10495309
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Notes to the Financial Statements |
Period from 1 July 2019 to 31 December 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Mason Court, Gillan Way, Penrith 40 Business Park, Penrith, CA11 9GR.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements There are no judgements (apart from those involving estimations) that management have made in the process of applying the entity's accounting policies that have a significant effect on the amounts recognised in the financial statements. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Revenue recognition
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment |
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25% straight line |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
1
(2019: Nil).
5.
Tangible assets
Plant and machinery |
Equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 July 2019 |
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472 |
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Additions |
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1,428 |
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At 31 December 2019 |
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1,900 |
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Depreciation |
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At 1 July 2019 |
– |
20 |
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Charge for the period |
– |
59 |
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------- |
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At 31 December 2019 |
– |
79 |
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Carrying amount |
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At 31 December 2019 |
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1,821 |
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At 30 June 2019 |
– |
452 |
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6.
Debtors
31 Dec 19 |
30 Jun 19 |
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£ |
£ |
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Trade debtors |
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– |
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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– |
Other debtors |
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-------- |
------- |
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7.
Investments
31 Dec 19 |
30 Jun 19 |
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£ |
£ |
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Investments in group undertakings |
60,570 |
60,570 |
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8.
Creditors:
amounts falling due within one year
31 Dec 19 |
30 Jun 19 |
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£ |
£ |
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Trade creditors |
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– |
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Social security and other taxes |
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– |
Other creditors |
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– |
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9.
Controlling party
The ultimate controlling party is the parent company Matrix Traffic and Transport Data Pty Ltd, Brisbane QLD 4000, which is incorporated in Australia.