03045779falsethat of the supply of mechanical handling equipment2023-05-012024-04-30http://www.companieshouse.gov.uk/2023-04-30http://www.companieshouse.gov.uk/cd:CompanySecretary12023-05-012024-04-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-04-30http://www.companieshouse.gov.uk/cd:Director12023-05-012024-04-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-04-30http://www.companieshouse.gov.uk/pt:ShareCapital2024-04-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-04-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-04-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-04-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-05-012024-04-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-05-012024-04-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-05-012024-04-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-04-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-04-30http://www.companieshouse.gov.uk/2023-05-012024-04-30http://www.companieshouse.gov.uk/2023-04-30http://www.companieshouse.gov.uk/cd:FRS1022023-05-012024-04-30http://www.companieshouse.gov.uk/2024-04-30http://www.companieshouse.gov.uk/cd:FullAccounts2023-05-012024-04-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-05-012024-04-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 03045779

MATRIX HANDLING LIMITED

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024

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

MATRIX HANDLING LIMITED

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
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 THEYEARENDED30/04/2024
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 30/04/2024
20242023
Notes££
FIXED ASSETS
Tangible assets35,0587,721
CURRENT ASSETS
Stock-50,400
Debtors52,02313,435
Cash at bank and in hand163,173179,837
165,196243,672
CREDITORS: Amounts falling due within one year665,257110,546
NET CURRENT ASSETS99,939133,126
TOTAL ASSETS LESS CURRENT LIABILITIES104,997140,847
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account104,897140,747
SHAREHOLDERS' FUNDS104,997140,847
For the year ending 30/04/2024 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 19/07/2024 and signed on their behalf by
.............................
G J Lake
Director

MATRIX HANDLING LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
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.
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing 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.
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.

MATRIX HANDLING LIMITED

2. EMPLOYEES
20242023
No.No.
Average number of employees33
3. TANGIBLE FIXED ASSETS
CommercialFixtures
Vehiclesand FittingsTotal
£££
Cost
At 01/05/20237,8909,50017,390
Additions-1,6261,626
Disposals-(5,986)(5,986)
At 30/04/20247,8905,14013,030
Depreciation
At 01/05/20234,5625,1079,669
Disposals-(2,840)(2,840)
For the year8323111,143
At 30/04/20245,3942,5787,972
Net Book Amounts
At 30/04/20242,4962,5625,058
At 30/04/20233,3284,3937,721
4. STOCK 20242023
££
Stock comprises:
Stock-50,400
-50,400
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors-10,092
Other debtors824811
Prepayments1,1992,532
2,02313,435

MATRIX HANDLING LIMITED

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax1,35213,157
VAT2,4243,425
PAYE control-1,510
Directors current account1,8125,010
Trade creditors2,836955
Other creditors46,14414,742
Accruals10,68971,747
65,257110,546
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100