Registered number
07193082
Matrix Cash Ltd
Filleted Accounts
31 March 2023
Matrix Cash Ltd
Registered number: 07193082
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 2,303 4,311
Net current assets 2,303 4,311
Net assets 2,303 4,311
Capital and reserves
Called up share capital 3 3
Profit and loss account 2,300 4,308
Shareholder's funds 2,303 4,311
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Vucinic
Director
Approved by the board on 14 November 2023
Matrix Cash Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Other information
Matrix Cash Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3rd Floor
207 Regent Street
London
England
W1B 3HH
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