Matrix BES Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05444494 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2021

for

Matrix BES Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Crewe

SECRETARY:

Mrs S Crewe

REGISTERED OFFICE:

Unit 13 Station Road Workshops

Station Road

Kingswood

Bristol

BS15 4PJ

REGISTERED NUMBER:

05444494 (England and Wales)

ACCOUNTANTS:

Matrix Accounting and Taxation

Solutions

Redwood House

Bristol Road

Keynsham

Bristol

BS31 2WB

FIXED ASSETS

Tangible assets

4

13,587

16,228

CURRENT ASSETS

Stocks

4,000

4,000

Debtors

5

24,361

61,041

Cash at bank

102,297

89,808

130,658

154,849

CREDITORS

Amounts falling due within one year

6

32,805

49,179

NET CURRENT ASSETS

97,853

105,670

TOTAL ASSETS LESS CURRENT LIABILITIES

111,440

121,898

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

111,340

121,798

SHAREHOLDERS' FUNDS

111,440

121,898

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 March 2022 and were signed by:

S Crewe - Director

1.	STATUTORY INFORMATION

Matrix BES 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.

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.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account Profit and Loss Accountexcept to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2021

54,752

Additions

1,417

At 31 December 2021

56,169

DEPRECIATION

At 1 January 2021

38,524

Charge for year

4,058

At 31 December 2021

42,582

NET BOOK VALUE

At 31 December 2021

13,587

At 31 December 2020

16,228

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade debtors

19,241

56,291

Other debtors

5,120

4,750

24,361

61,041

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade creditors

7,319

11,091

Taxation and social security

22,501

34,507

Other creditors

2,985

3,581

32,805

49,179

7.	ULTIMATE CONTROLLING PARTY

Mr S Crewe, director, is the controlling party due to his majority shareholding.