Matchriver Analysis Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 02342560 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2017

for

MATCHRIVER ANALYSIS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R R Gordon

G R Harrison

SECRETARY:

Mrs A J Harrison

REGISTERED OFFICE:

Suite G1

Montpellier House

Montpellier Drive

Cheltenham

Gloucestershire

GL50 1TY

REGISTERED NUMBER:

02342560 (England and Wales)

ACCOUNTANTS:

Davies Mayers Barnett LLP

Pillar House

113/115 Bath Road

Cheltenham

Gloucestershire

GL53 7LS

FIXED ASSETS

Tangible assets

5

9,331

7,627

CURRENT ASSETS

Stocks

48,622

49,393

Debtors

6

196,191

232,221

Cash at bank and in hand

415,408

184,865

660,221

466,479

CREDITORS

Amounts falling due within one year

7

(199,478

)

(180,483

)

NET CURRENT ASSETS

460,743

285,996

TOTAL ASSETS LESS CURRENT LIABILITIES

470,074

293,623

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

469,954

293,503

SHAREHOLDERS' FUNDS

470,074

293,623

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 profit or loss 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 17th October 2017 and were signed on its behalf by:

R R Gordon - Director

1.	STATUTORY INFORMATION

Matchriver Analysis Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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. Details of adjustments made on transition to FRS 102 are disclosed in the First Year Adoption note.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis, under the historical cost basis except for

the modification to a fair value basis where specified.

Turnover

Turnover represents net sales of goods and services and is measured at the fair value of the consideration

received or receivable, net of discounts, returns and value added taxes.

Revenue from a contract to provide services is recognised in the period in which the services are provided and in

accordance with the stage of completion of the contract at the balance sheet date.

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 cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Cost is defined as purchase cost or valuation, including costs directly attributable to making the asset capable of

operating as intended, less any residual value.

Depreciation is charged from the month of acquisition at the above rates. The fair values of the assets are

regularly reviewed by the directors and further adjustments to carrying values are made where considered

appropriate.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all

costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and

condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account,

except that a change attributable to an item of income and expense recognised as other comprehensive income or

to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity

respectively.

Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the

balance sheet date.

Current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted

by the balance sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Employee 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.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past

event, it is probable than an outflow of economic benefits will be required in settlement and the amount can be

reliably estimated.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance

sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is

estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an

impairment loss is recognised in the profit and loss account unless the asset is carried at a revalued amount where

the impairment loss is a revaluation decrease.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising

from impairment are recognised in the profit and loss account.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2016 - 15 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2016

67,154

Additions

6,699

At 31st March 2017

73,853

DEPRECIATION

At 1st April 2016

59,527

Charge for year

4,995

At 31st March 2017

64,522

NET BOOK VALUE

At 31st March 2017

9,331

At 31st March 2016

7,627

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

187,803

224,473

Other debtors

8,388

7,748

196,191

232,221

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

3,329

7,487

Taxation and social security

86,490

68,914

Other creditors

109,659

104,082

199,478

180,483

8.	GUARANTEES CONTINGENCIES LIABILITIES AND OTHER FINANCIAL COMMITMENTS

As at 31st March 2017 the company had no guarantees, contingencies or financial commitments. (2016 : None)

9.	FIRST YEAR ADOPTION

This year is the first year the company has presented its results under FRS 102 Section 1A. The last financial

statements prepared under the previous UK GAAP were for the period ended 31st March 2016. The date of

transition to FRS 102 Section 1A was 1st April 2015.

No material adjustments have been noted on transition to FRS 102 Section 1A.