Abbreviated Company Accounts - MATRIX CAPITAL LIMITED

MATRIX CAPITAL LIMITED - Company Information

05278782 MATRIX CAPITAL LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 05278782 2014-01-01 2014-12-31 05278782 2014-12-31 05278782 2013-12-31 05278782 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 05278782 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:Director3 2014-01-01 2014-12-31 uk-gaap-cd-bus:Director3 2014-12-31 uk-gaap-cd-bus:Director3 2013-12-31 uk-gaap-cd-bus:Director4 2014-01-01 2014-12-31 uk-gaap-cd-bus:Director4 2014-12-31 uk-gaap-cd-bus:Director4 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 05278782

MATRIX CAPITAL LIMITED

Abbreviated Accounts

31 December 2014

MATRIX CAPITAL LIMITED Registered Number 05278782

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	11,416	13,094
Investments	3	10,500	10,500
		21,916	23,594
Current assets
Debtors		66,466	64,432
Cash at bank and in hand		228	52
		66,694	64,484
Creditors: amounts falling due within one year		(60,480)	(67,587)
Net current assets (liabilities)		6,214	(3,103)
Total assets less current liabilities		28,130	20,491
Provisions for liabilities		(2,138)	(2,442)
Total net assets (liabilities)		25,992	18,049
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		25,892	17,949
Shareholders' funds		25,992	18,049

For the year ending 31 December 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 1 September 2015

And signed on their behalf by:
Mr R E Melley, Director
Mr G Matthews, Director

MATRIX CAPITAL LIMITED Registered Number 05278782

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

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

Plant and machinery etc - 20% on reducing balance

Other accounting policies
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

The company's tax liability has been reduced by losses incurred by Acamar Productions LLP, a limited liability partnership in which the company is a member. In the event that these losses are made good in future years then the tax reduction as a result of these losses will be reversed. The losses attributable during the year have reduced the company's Corporation Tax liability by £18,000.

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 the profit and loss account in the period to which they relate.

2Tangible fixed assets

	£
Cost
At 1 January 2014	23,473
Additions	1,130
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	24,603
Depreciation
At 1 January 2014	10,379
Charge for the year	2,808
On disposals	-
At 31 December 2014	13,187
Net book values
At 31 December 2014	11,416
At 31 December 2013	13,094

3Fixed assets Investments
Investment at cost £10,500.

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100

5Transactions with directors

Name of director receiving advance or credit:	Mr R E Melley
Description of the transaction:	Director's loan
Balance at 1 January 2014:	£ 39,870
Advances or credits made:	£ 45,084
Advances or credits repaid:	£ 45,000
Balance at 31 December 2014:	£ 39,954

Name of director receiving advance or credit:	Mr G Matthews
Description of the transaction:	Director's loan
Balance at 1 January 2014:	£ 12,499
Advances or credits made:	£ 17,854
Advances or credits repaid:	£ 16,000
Balance at 31 December 2014:	£ 14,353