Company Registration No. 05481371 (England and Wales)
MATRIX AGGREGATES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2016
MATRIX AGGREGATES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
MATRIX AGGREGATES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
61,604
2,978
Current assets
Debtors
826,753
693,441
Cash at bank and in hand
262,464
113,441
1,089,217
806,882
Creditors: amounts falling due within one year
3
(869,232)
(737,026)
Net current assets
219,985
69,856
Total assets less current liabilities
281,589
72,834
Provisions for liabilities
(12,321)
(595)
269,268
72,239
Capital and reserves
Called up share capital
4
40
40
Share premium account
8,586
8,586
Profit and loss account
260,642
63,613
Shareholders' funds
269,268
72,239
For the financial Period ended 30 November 2016 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 Period 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 6 March 2017
Mr E Seekings
Mr N J Cook
Director
Director
Company Registration No. 05481371
MATRIX AGGREGATES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 30 NOVEMBER 2016
- 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 January 2015).
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:
Plant and machinery
Computer equipment
25% on reducing balance
Fixtures, fittings & equipment
20% on reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2015
8,132
Additions
66,250
At 30 November 2016
74,382
Depreciation
At 1 November 2015
5,154
Charge for the period
7,624
At 30 November 2016
12,778
Net book value
At 30 November 2016
61,604
At 31 October 2015
2,978
3
Creditors: amounts falling due within one year
Included in other creditors are amounts due to the directors of £337,328 (2015 £416,096).
MATRIX AGGREGATES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2016
- 3 -
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
37 Ordinary of £1 each
37
37
3 Ordinary A of £1 each
3
3
40
40