Matrix Service Development &Training Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03799576

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

MATRIX SERVICE DEVELOPMENT AND TRAINING

LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A J Roddis

Ms D Moffatt

I Grimwood

SECRETARY:

Ms D Moffatt

REGISTERED OFFICE:

5 Green Lane

Blackwater

Camberley

Surrey

GU17 9DG

REGISTERED NUMBER:

03799576

ACCOUNTANTS:

Sykes Dalby & Truelove

Chartered Accountants

5 Green Lane

Blackwater

Camberley

Surrey

GUI7 9DG

FIXED ASSETS

Tangible assets

2

140

195

CURRENT ASSETS

Stocks

-

600

Debtors

1,383

3,960

Cash at bank

27,179

50,348

28,562

54,908

CREDITORS

Amounts falling due within one year

912

27,416

NET CURRENT ASSETS

27,650

27,492

TOTAL ASSETS LESS CURRENT LIABILITIES

27,790

27,687

PROVISIONS FOR LIABILITIES

4

9

NET ASSETS

27,786

27,678

RESERVES

Income and expenditure account

27,786

27,678

27,786

27,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22 July 2014 and were signed on its behalf by:

A J Roddis - Director

Ms D Moffatt - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

4,628

DEPRECIATION

At 1 April 2013

4,433

Charge for year

55

At 31 March 2014

4,488

NET BOOK VALUE

At 31 March 2014

140

At 31 March 2013

195

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company pays Mr AJ Roddis, Ms D Moffat and I Grimwood, directors of the company, a sum for the use

of home as office. The total for the year ended 31 March 2014 amounted to £500 (2013 : £600)