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

REGISTERED NUMBER: 04565239 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2018

for

MATRIX TECHNOLOGY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

Director:

M O Coombs

Secretary:

Mrs A E Coombs

Registered office:

The Lodge

4 Upper Halliford Road

Shepperton

Middlesex

TW17 8RY

Registered number:

04565239 (England and Wales)

Accountants:

Haines Watts

Aissela

46 High Street

Esher

Surrey

KT10 9QY

Fixed assets

Tangible assets

4

2,397

3,363

Current assets

Debtors

5

11,847

15,743

Cash at bank

-

5,825

11,847

21,568

Creditors

Amounts falling due within one year

6

10,538

21,443

Net current assets

1,309

125

Total assets less current liabilities

3,706

3,488

Capital and reserves

Called up share capital

7

1,000

1,000

Retained earnings

8

2,706

2,488

Shareholders' funds

3,706

3,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 28 November 2018 and were signed by:

M O Coombs - Director

1.	Statutory information

Matrix Technology 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Key source of estimation, uncertainty and judgement

The preparation of financial statements requires management to make judgements, estimates and assumptions

that affect the amounts reported. These estimates and judgements are continually reviewed and are based on

experience and other factors, including expectations of future events that are believed to be reasonable under

the circumstances.

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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

3.	Employees and directors

The average number of employees during the year was NIL (2017 - 2 ).

4.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 March 2017

and 28 February 2018

17,565

749

18,314

Depreciation

At 1 March 2017

14,701

250

14,951

Charge for year

716

250

966

At 28 February 2018

15,417

500

15,917

Net book value

At 28 February 2018

2,148

249

2,397

At 28 February 2017

2,864

499

3,363

5.

Debtors: amounts falling due within one year

2018

2017

£

£

Trade debtors

11,579

15,773

Provision for doubtful debts

(30

)

(30

)

Prepayments

298

-

11,847

15,743

6.

Creditors: amounts falling due within one year

2018

2017

£

£

Bank loans and overdrafts

337

-

Trade creditors

-

1,201

VAT

531

235

Directors' current accounts

8,420

18,757

Accrued expenses

1,250

1,250

10,538

21,443

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

900

Ordinary (A)

1

900

900

100

Ordinary (B)

1

100

100

1,000

1,000

8.

Reserves

Retained

earnings

£

At 1 March 2017

2,488

Profit for the year

218

At 28 February 2018

2,706

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements

and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Matrix Technology Limited for the year ended 28 February 2018 which comprise the Profit and

Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Matrix Technology Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Matrix Technology Limited and state those matters that we have agreed to state to the director of Matrix Technology Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Matrix Technology Limited and its director for our work or for this report.

It is your duty to ensure that Matrix Technology Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Matrix Technology Limited. You consider that Matrix Technology Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Matrix Technology Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts

Aissela

46 High Street

Esher

Surrey

KT10 9QY

28 November 2018