Matrix BES Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05444494 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Matrix BES Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S Crewe

SECRETARY:

Mrs S Crewe

REGISTERED OFFICE:

125 Hurn Lane

Keynsham

Bristol

BS31 1SG

REGISTERED NUMBER:

05444494 (England and Wales)

ACCOUNTANTS:

Matrix Accounting and Taxation

Solutions

101 Wellsway

Keynsham

Bristol

BS31 1HZ

FIXED ASSETS

Tangible assets

2

20,664

12,620

CURRENT ASSETS

Stocks

250

250

Debtors

25,326

62,032

Cash at bank

80,394

83,914

105,970

146,196

CREDITORS

Amounts falling due within one year

35,272

73,869

NET CURRENT ASSETS

70,698

72,327

TOTAL ASSETS LESS CURRENT LIABILITIES

91,362

84,947

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

91,360

84,945

SHAREHOLDERS' FUNDS

91,362

84,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 23 May 2016 and were signed by:

S Crewe - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

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

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

49,300

Additions

14,930

Disposals

(12,745

)

At 31 December 2015

51,485

DEPRECIATION

At 1 January 2015

36,680

Charge for year

6,886

Eliminated on disposal

(12,745

)

At 31 December 2015

30,821

NET BOOK VALUE

At 31 December 2015

20,664

At 31 December 2014

12,620

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

2

Ordinary

1

2

2