Matrix Service Development &Training Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03799576

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

MATRIX SERVICE DEVELOPMENT AND TRAINING

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Roddis

Ms D Moffatt

I Grimwood

SECRETARY:

Ms D Moffatt

REGISTERED OFFICE:

63 High Street

Hurstpierpoint

West Sussex

BN6 9RE

REGISTERED NUMBER:

03799576

ACCOUNTANTS:

Sykes Dalby & Truelove Limited

Chartered Accountants

63 High Street

Hurstpierpoint

West Sussex

BN6 9RE

FIXED ASSETS

Tangible assets

4

1,304

362

CURRENT ASSETS

Debtors

5

1,076

-

Cash at bank

37,029

39,182

38,105

39,182

CREDITORS

Amounts falling due within one year

6

6,381

13,380

NET CURRENT ASSETS

31,724

25,802

TOTAL ASSETS LESS CURRENT LIABILITIES

33,028

26,164

PROVISIONS FOR LIABILITIES

8

226

NET ASSETS

33,020

25,938

RESERVES

Income and expenditure account

33,020

25,938

33,020

25,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 22 June 2017 and were signed on its behalf by:

A J Roddis - Director

Ms D Moffatt - Director

1.	STATUTORY INFORMATION

Matrix Service Development and Training Limited is a private company, limited by guarantee , registered in Not

specified/Other. The company's registered number and registered office address can be found on the Company

Information page.

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.

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.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

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

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been

enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2016 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

5,264

Additions

1,577

At 31 March 2017

6,841

DEPRECIATION

At 1 April 2016

4,902

Charge for year

635

At 31 March 2017

5,537

NET BOOK VALUE

At 31 March 2017

1,304

At 31 March 2016

362

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other debtors

1,076

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

3

1

Taxation and social security

1,328

12,510

Other creditors

5,050

869

6,381

13,380

7.	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 2017 amounted to £1,000 (2016 : £600)

8.	RELATED PARTY DISCLOSURES

Matrix Training Associates Limited is a company also controlled by Mr AJ Roddis. At the year end Matrix Training

Associates owed the company £nil for management fees. (2016 : £Nil)

9.	ULTIMATE CONTROLLING PARTY

The company considers Mr AJ Roddis to exercise ultimate control.