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REGISTERED NUMBER: 12852412 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2022

FOR

THE MATRIX ACADEMY LTD

THE MATRIX ACADEMY LTD (REGISTERED NUMBER: 12852412)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30th September 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THE MATRIX ACADEMY LTD

COMPANY INFORMATION
For The Year Ended 30th September 2022







Directors: D R Davies
P A Leedham





Registered office: Unit 5
Bradmarsh Court
Bradmarsh Way
Rotherham
South Yorkshire
S60 1BW





Registered number: 12852412 (England and Wales)





Accountant: Thackeray Associates Accountants
102 High Street
New Whittington
Chesterfield
Derbyshire
S43 2AL

THE MATRIX ACADEMY LTD (REGISTERED NUMBER: 12852412)

STATEMENT OF FINANCIAL POSITION
30th September 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 832 -
Tangible assets 5 71,963 -
72,795 -

CURRENT ASSETS
Debtors 6 21,547 1,010
Cash at bank 227,861 22,149
249,408 23,159
CREDITORS
Amounts falling due within one year 7 46,809 6,728
NET CURRENT ASSETS 202,599 16,431
TOTAL ASSETS LESS CURRENT LIABILITIES 275,394 16,431

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 275,374 16,411
SHAREHOLDER FUNDS 275,394 16,431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2022 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 MATRIX ACADEMY LTD (REGISTERED NUMBER: 12852412)

STATEMENT OF FINANCIAL POSITION - continued
30th September 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 29th September 2023 and were signed on its behalf by:




D R Davies - Director



P A Leedham - Director


THE MATRIX ACADEMY LTD (REGISTERED NUMBER: 12852412)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30th September 2022

1. STATUTORY INFORMATION

The Matrix Academy Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about The Matrix Academy Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Vehicle registration marks are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
IT equipment and software - 33% on cost

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 statement of financial position date.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

THE MATRIX ACADEMY LTD (REGISTERED NUMBER: 12852412)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30th September 2022

4. INTANGIBLE FIXED ASSETS
Vehicle
registration
marks
£   
COST
Additions 887
At 30th September 2022 887
AMORTISATION
Amortisation for year 55
At 30th September 2022 55
NET BOOK VALUE
At 30th September 2022 832

5. TANGIBLE FIXED ASSETS
IT
equipment
Motor and
vehicles software Totals
£    £    £   
COST
Additions 82,594 1,000 83,594
At 30th September 2022 82,594 1,000 83,594
DEPRECIATION
Charge for year 11,506 125 11,631
At 30th September 2022 11,506 125 11,631
NET BOOK VALUE
At 30th September 2022 71,088 875 71,963

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 21,547 1,010

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 252 (1 )
Taxation and social security 38,010 4,599
Other creditors 8,547 2,130
46,809 6,728

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Hydra Global Holdings Ltd.