03045779falsethat of the supply of mechanical handling equipment2022-05-012023-04-30http://www.companieshouse.gov.uk/2022-04-30http://www.companieshouse.gov.uk/pt:ShareCapital2022-04-30http://www.companieshouse.gov.uk/cd:Director12022-05-012023-04-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2022-04-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-04-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-04-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-04-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-04-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-04-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-05-012023-04-30http://www.companieshouse.gov.uk/pt:MotorCars2022-04-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-04-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-05-012023-04-30http://www.companieshouse.gov.uk/pt:MotorCars2023-04-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-05-012023-04-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-04-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-04-30http://www.companieshouse.gov.uk/2022-05-012023-04-30http://www.companieshouse.gov.uk/2022-04-30http://www.companieshouse.gov.uk/cd:FRS1022022-05-012023-04-30http://www.companieshouse.gov.uk/2023-04-30http://www.companieshouse.gov.uk/cd:FullAccounts2022-05-012023-04-30http://www.companieshouse.gov.uk/pt:LandBuildings2022-04-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-05-012023-04-30http://www.companieshouse.gov.uk/pt:LandBuildings2023-04-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 03045779

MATRIX HANDLING LIMITED

ACCOUNTS
FOR THE YEAR ENDED 30/04/2023

Prepared By:
Woodways Accountancy
Accountants
The White Cottage
10 Worminghall Road
Oakley
Bucks
HP18 9QY

MATRIX HANDLING LIMITED

ACCOUNTS
FOR THE YEAR ENDED 30/04/2023
DIRECTORS
G J Lake
SECRETARY
Mrs A C Lake
REGISTERED OFFICE
2 Thomas Gardens
Mortimer Hill
Tring
Herts
HP23 5FN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03045779
ACCOUNTANTS
Woodways Accountancy
Accountants
The White Cottage
10 Worminghall Road
Oakley
Bucks
HP18 9QY

MATRIX HANDLING LIMITED

ACCOUNTS
FOR THEYEARENDED30/04/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

MATRIX HANDLING LIMITED

BALANCE SHEET AT 30/04/2023
20232022
Notes££
FIXED ASSETS
Tangible assets37,72115,572
CURRENT ASSETS
Stock50,400106,057
Debtors513,43522,207
Cash at bank and in hand179,837230,263
243,672358,527
CREDITORS: Amounts falling due within one year6110,546213,267
NET CURRENT ASSETS133,126145,260
TOTAL ASSETS LESS CURRENT LIABILITIES140,847160,832
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account140,747160,732
SHAREHOLDERS' FUNDS140,847160,832
For the year ending 30/04/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 10/10/2023 and signed on their behalf by
.............................
G J Lake
Director

MATRIX HANDLING LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/04/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsreducing balance 25%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 25%
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.

MATRIX HANDLING LIMITED

1f. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
2. EMPLOYEES
20232022
No.No.
Average number of employees36
3. TANGIBLE FIXED ASSETS
Land AndCommercialFixtures
BuildingsVehiclesand FittingsEquipmentMotor CarsTotal
££££££
Cost
At 01/05/20227,0657,89011,83112,9812,00041,767
Additions--715--715
Disposals(7,065)-(3,046)(12,981)(2,000)(25,092)
At 30/04/2023-7,8909,500--17,390
Depreciation
At 01/05/20226,8153,3545,5748,8291,62326,195
Disposals(6,815)-(1,832)(8,829)(1,623)(19,099)
For the year-1,2081,365--2,573
At 30/04/2023-4,5625,107--9,669
Net Book Amounts
At 30/04/2023-3,3284,393--7,721
At 30/04/20222504,5366,2574,15237715,572
4. STOCK 20232022
££
Stock comprises:
Stock50,400106,057
50,400106,057

MATRIX HANDLING LIMITED

5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors10,09210,445
VAT-7,459
Other debtors811738
Prepayments2,5323,565
13,43522,207
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax13,15739,644
VAT3,425-
PAYE control1,5102,300
Directors current account5,0101,647
Trade creditors95535,998
Other creditors14,74233,748
Accruals71,74799,930
110,546213,267
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100