Registered number
05450049
Matrix Global Sourcing Ltd
Filleted Accounts
31 May 2023
Matrix Global Sourcing Ltd
Registered number: 05450049
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 528 235
Current assets
Debtors 4 511 345
Creditors: amounts falling due within one year 5 (67,750) (63,561)
Net current liabilities (67,239) (63,216)
Net liabilities (66,711) (62,981)
Capital and reserves
Called up share capital 100 100
Profit and loss account (66,811) (63,081)
Shareholder's funds (66,711) (62,981)
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.
W Waite
Director
Approved by the board on 5 February 2024
Matrix Global Sourcing Ltd
Notes to the Accounts
for the year ended 31 May 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).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Fixtures and Fittings Office Equipment Total
£ £ £
Cost
At 1 June 2022 317 1,532 1,849
Additions - 422 422
At 31 May 2023 317 1,954 2,271
Depreciation
At 1 June 2022 288 1,326 1,614
Charge for the year 4 125 129
At 31 May 2023 292 1,451 1,743
Net book value
At 31 May 2023 25 503 528
At 31 May 2022 29 206 235
4 Debtors 2023 2022
£ £
Trade debtors 313 345
VAT 198 -
511 345
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 6,148 6,633
Trade creditors 1,450 1,194
Accruals 580 560
VAT - 201
Director's Current Account 59,572 54,973
67,750 63,561
6 Other information
Matrix Global Sourcing Ltd is a private company limited by shares and incorporated in England. Its registered office is:
127 Monkswell House
Manse Lane
Knaresborough
HG5 8NQ
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