Matrix Technology Services Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03309753 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MAY 2016

FOR

MATRIX TECHNOLOGY SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J P Lodge

D R Lodge

REGISTERED OFFICE:

Carlton House

101 New London Road

Chelmsford

Essex

CM2 0PP

REGISTERED NUMBER:

03309753 (England and Wales)

ACCOUNTANTS:

CBHC Limited

Carlton House

101 New London Road

Chelmsford

Essex

CM2 0PP

FIXED ASSETS

Tangible assets

2

1,256

1,674

CURRENT ASSETS

Stocks

4,000

4,500

Debtors

41,874

70,330

45,874

74,830

CREDITORS

Amounts falling due within one year

(40,389

)

(64,795

)

NET CURRENT ASSETS

5,485

10,035

TOTAL ASSETS LESS CURRENT LIABILITIES

6,741

11,709

CREDITORS

Amounts falling due after more than one year

(2,830

)

(5,660

)

NET ASSETS

3,911

6,049

CAPITAL AND RESERVES

Called up share capital

3

200

200

Profit and loss account

3,711

5,849

SHAREHOLDERS' FUNDS

3,911

6,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 21st October 2016 and were signed on its behalf by:

D R Lodge - 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2015

and 31st May 2016

30,894

DEPRECIATION

At 1st June 2015

29,220

Charge for year

418

At 31st May 2016

29,638

NET BOOK VALUE

At 31st May 2016

1,256

At 31st May 2015

1,674

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

1

100

100

100

Preference

1

100

100

200

200

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed the Director J Lodge £3,336 (2015 - £3,336). In

addition D Lodge owed £35,023 to the company (2015 - £30,000 ). This balance was repaid within

9 months of the year end.