Company Registration No. 05481371 (England and Wales)
MATRIX AGGREGATES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2015
MATRIX AGGREGATES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
MATRIX AGGREGATES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2015
31 October 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,978
3,839
Current assets
Debtors
693,441
271,818
Cash at bank and in hand
113,441
298,920
806,882
570,738
Creditors: amounts falling due within one year
3
(737,026)
(402,060)
Net current assets
69,856
168,678
Total assets less current liabilities
72,834
172,517
Provisions for liabilities
(595)
(768)
72,239
171,749
Capital and reserves
Called up share capital
4
40
40
Share premium account
8,586
8,586
Profit and loss account
63,613
163,123
Shareholders' funds
72,239
171,749
For the financial year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 29 July 2016
Mr E Seekings
Mr N J Cook
Director
Director
Company Registration No. 05481371
MATRIX AGGREGATES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
25% on reducing balance
Fixtures, fittings & equipment
20% on reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2014 & at 31 October 2015
8,132
Depreciation
At 1 November 2014
4,293
Charge for the year
861
At 31 October 2015
5,154
Net book value
At 31 October 2015
2,978
At 31 October 2014
3,839
3
Creditors: amounts falling due within one year
Included in other creditors are amounts due to the directors of £416,096 (2014 £5,789).
MATRIX AGGREGATES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2015
- 3 -
4
Share capital
2015
2014
£
£
Allotted, called up and fully paid
37 Ordinary of £1 each
37
37
3 Ordinary A of £1 each
3
3
40
40