Silverfin false 31/05/2023 01/06/2022 31/05/2023 Mrs S M Penney 27/03/2023 Mr G A Turner 13/08/2002 17 November 2023 The principal activity of the Company during the financial year was that of the provision of marketing and media services. 04509615 2023-05-31 04509615 bus:Director1 2023-05-31 04509615 bus:Director2 2023-05-31 04509615 2022-05-31 04509615 core:CurrentFinancialInstruments 2023-05-31 04509615 core:CurrentFinancialInstruments 2022-05-31 04509615 core:Non-currentFinancialInstruments 2023-05-31 04509615 core:Non-currentFinancialInstruments 2022-05-31 04509615 core:ShareCapital 2023-05-31 04509615 core:ShareCapital 2022-05-31 04509615 core:RetainedEarningsAccumulatedLosses 2023-05-31 04509615 core:RetainedEarningsAccumulatedLosses 2022-05-31 04509615 core:FurnitureFittings 2022-05-31 04509615 core:OfficeEquipment 2022-05-31 04509615 core:FurnitureFittings 2023-05-31 04509615 core:OfficeEquipment 2023-05-31 04509615 bus:OrdinaryShareClass1 2023-05-31 04509615 bus:OrdinaryShareClass2 2023-05-31 04509615 2022-06-01 2023-05-31 04509615 bus:FullAccounts 2022-06-01 2023-05-31 04509615 bus:SmallEntities 2022-06-01 2023-05-31 04509615 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 04509615 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 04509615 bus:Director1 2022-06-01 2023-05-31 04509615 bus:Director2 2022-06-01 2023-05-31 04509615 core:FurnitureFittings core:TopRangeValue 2022-06-01 2023-05-31 04509615 core:OfficeEquipment core:TopRangeValue 2022-06-01 2023-05-31 04509615 2021-06-01 2022-05-31 04509615 core:FurnitureFittings 2022-06-01 2023-05-31 04509615 core:OfficeEquipment 2022-06-01 2023-05-31 04509615 core:Non-currentFinancialInstruments 2022-06-01 2023-05-31 04509615 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 04509615 bus:OrdinaryShareClass1 2021-06-01 2022-05-31 04509615 bus:OrdinaryShareClass2 2022-06-01 2023-05-31 04509615 bus:OrdinaryShareClass2 2021-06-01 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04509615 (England and Wales)

MATRIX MARKETING AND MEDIA SOLUTIONS LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2023
Pages for filing with the registrar

MATRIX MARKETING AND MEDIA SOLUTIONS LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2023

Contents

MATRIX MARKETING AND MEDIA SOLUTIONS LIMITED

BALANCE SHEET

As at 31 May 2023
MATRIX MARKETING AND MEDIA SOLUTIONS LIMITED

BALANCE SHEET (continued)

As at 31 May 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,753 2,618
Investments 4 112,499 113,534
114,252 116,152
Current assets
Debtors 5 20,446 31,089
Cash at bank and in hand 77,252 144,980
97,698 176,069
Creditors: amounts falling due within one year 6 ( 91,425) ( 136,522)
Net current assets 6,273 39,547
Total assets less current liabilities 120,525 155,699
Creditors: amounts falling due after more than one year 7 ( 85,833) ( 81,261)
Provision for liabilities ( 438) ( 395)
Net assets 34,254 74,043
Capital and reserves
Called-up share capital 8 10 10
Profit and loss account 34,244 74,033
Total shareholders' funds 34,254 74,043

For the financial year ending 31 May 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Matrix Marketing and Media Solutions Limited (registered number: 04509615) were approved and authorised for issue by the Board of Directors on 17 November 2023. They were signed on its behalf by:

Mr G A Turner
Director
MATRIX MARKETING AND MEDIA SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
MATRIX MARKETING AND MEDIA SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Matrix Marketing and Media Solutions Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom. The principal place of business is Unit 7, Residence 2, Royal William Yard, Plymouth, PL1 3RP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings 10 years straight line
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 5

3. Tangible assets

Fixtures and fittings Office equipment Total
£ £ £
Cost
At 01 June 2022 8,523 35,766 44,289
Additions 75 0 75
At 31 May 2023 8,598 35,766 44,364
Accumulated depreciation
At 01 June 2022 7,393 34,278 41,671
Charge for the financial year 326 614 940
At 31 May 2023 7,719 34,892 42,611
Net book value
At 31 May 2023 879 874 1,753
At 31 May 2022 1,130 1,488 2,618

4. Fixed asset investments

2023 2022
£ £
Other investments and loans 112,499 113,534

5. Debtors

2023 2022
£ £
Trade debtors 17,090 28,561
Other debtors 3,356 2,528
20,446 31,089

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,000 9,572
Trade creditors 1,664 1,675
Taxation and social security 16,189 37,780
Other creditors 63,572 87,495
91,425 136,522

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 20,833 31,261
Other creditors 65,000 50,000
85,833 81,261

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
8 Ordinary shares of £ 1.00 each 8 8
2 Ordinary A shares of £ 1.00 each 2 2
10 10

9. Financial commitments

Other financial commitments

2023 2022
£ £
The total amount of financial commitments not included in the balance sheet 4,820 16,093