Matrix BES Limited - Accounts to registrar - small 17.2

Matrix BES Limited - Accounts to registrar - small 17.2

MATRIX BES LIMITED - Company Information

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REGISTERED NUMBER: 05444494 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2016

for

Matrix BES Limited

Matrix BES Limited (Registered number: 05444494)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Matrix BES Limited

Company Information
for the Year Ended 31 December 2016







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
Page 1
Matrix BES Limited (Registered number: 05444494)

Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,777 20,664

CURRENT ASSETS
Stocks 3,876 250
Debtors 5 41,714 25,326
Cash at bank 65,933 80,394
111,523 105,970
CREDITORS
Amounts falling due within one year 6 58,768 35,272
NET CURRENT ASSETS 52,755 70,698
TOTAL ASSETS LESS CURRENT
LIABILITIES
91,532
91,362

CAPITAL AND RESERVES
Called up share capital 100 2
Retained earnings 91,432 91,360
SHAREHOLDERS' FUNDS 91,532 91,362

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 31 May 2017 and were signed by:





S Crewe - Director


The notes form part of these financial statements

Page 2
Matrix BES Limited (Registered number: 05444494)

Notes to the Financial Statements
for the Year Ended 31 December 2016

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 and work in progress are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

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 6 .

Page 3 continued...
Matrix BES Limited (Registered number: 05444494)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2016 51,485
Additions 31,039
At 31 December 2016 82,524
DEPRECIATION
At 1 January 2016 30,821
Charge for year 12,926
At 31 December 2016 43,747
NET BOOK VALUE
At 31 December 2016 38,777
At 31 December 2015 20,664

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade debtors 39,464 25,326
Other debtors 2,250 -
41,714 25,326

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade creditors 7,245 3,253
Taxation and social security 25,021 25,321
Other creditors 26,502 6,698
58,768 35,272

7. ULTIMATE CONTROLLING PARTY

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

8. FIRST YEAR ADOPTION

Transition to FRS 102

This is the first year in which the financial statements have been prepared under FRS 102 Section 1A. As
demonstrated in the final note of the accounts, there have been no changes to the figures as a result of transition.


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