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REGISTERED NUMBER: 10027327 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Matrix Consulting Engineers Limited

Matrix Consulting Engineers Limited (Registered number: 10027327)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Matrix Consulting Engineers Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: L J Hoyland
A J Hoyland





SECRETARY: A J Hoyland





REGISTERED OFFICE: Barnsley Business and Innovation Centre
Innovation Way
Wilthorpe
Barnsley
South Yorkshire
S75 1JL





REGISTERED NUMBER: 10027327 (England and Wales)





ACCOUNTANTS: Trevor Billard and Company Limited
Chartered Accountants
BBIC
Innovation Way
Barnsley
South Yorkshire
S75 1JL

Matrix Consulting Engineers Limited (Registered number: 10027327)

Balance Sheet
29 February 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 124,264 66,117

CURRENT ASSETS
Debtors 5 60,986 158,237
Cash at bank 181,428 51,425
242,414 209,662
CREDITORS
Amounts falling due within one year 6 105,187 138,749
NET CURRENT ASSETS 137,227 70,913
TOTAL ASSETS LESS CURRENT
LIABILITIES

261,491

137,030

CREDITORS
Amounts falling due after more than one
year

7

(76,473

)

(45,700

)

PROVISIONS FOR LIABILITIES (32,487 ) (16,386 )
NET ASSETS 152,531 74,944

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 152,431 74,844
152,531 74,944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Matrix Consulting Engineers Limited (Registered number: 10027327)

Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:




A J Hoyland - Director



L J Hoyland - Director


Matrix Consulting Engineers Limited (Registered number: 10027327)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Matrix Consulting Engineers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 29 February 2024 are the company’s first financial statements that comply with FRS 102 including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The company’s date of transition to FRS 102 is 1 March 2022. Its last financial statements prepared in accordance with the entity’s previous financial reporting framework were for the year-ended 28 February 2023.

The transition to FRS 102 has resulted in a number of changes to the company’s accounting policies compared to those used when applying the previous financial reporting framework.The principal effect of these policies is to require the recognition of deferred taxation within the appropriate balance sheets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Matrix Consulting Engineers Limited (Registered number: 10027327)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 96,070
Additions 77,537
At 29 February 2024 173,607
DEPRECIATION
At 1 March 2023 29,953
Charge for year 19,390
At 29 February 2024 49,343
NET BOOK VALUE
At 29 February 2024 124,264
At 28 February 2023 66,117

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 34,616 95,048
Other debtors 26,370 63,189
60,986 158,237

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Hire purchase contracts 20,993 9,466
Trade creditors 4,499 19,380
Taxation and social security 41,386 32,242
Other creditors 38,309 77,661
105,187 138,749

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
as restated
£    £   
Hire purchase contracts 76,473 45,700

Matrix Consulting Engineers Limited (Registered number: 10027327)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
as restated
£    £   
Hire purchase contracts 97,466 55,166