Company Registration No. 12427667 (England and Wales)
Matrix Partners Ltd
Unaudited accounts
for the year ended 31 March 2023
Matrix Partners Ltd
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
1,184,342
927,467
Creditors: amounts falling due within one year
(760,789)
(621,053)
Net current assets
898,608
497,317
Net assets
899,519
499,137
Called up share capital
10
10
Profit and loss account
899,509
499,127
Shareholders' funds
899,519
499,137
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 December 2023 and were signed on its behalf by
Philip Hammond
Director
Company Registration No. 12427667
Matrix Partners Ltd
Notes to the Accounts
for the year ended 31 March 2023
Matrix Partners Ltd is a private company, limited by shares, registered in England and Wales, registration number 12427667.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
197,924
164,227
Amounts due from group undertakings etc.
247,000
-
Other debtors
30,131
9,458
Amounts falling due after more than one year
Matrix Partners Ltd
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
135,407
100,299
Proposed dividends
600,000
500,000
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).