IRIS Accounts Production v24.2.0.383 04225277 director 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042252772022-12-31042252772023-12-31042252772023-01-012023-12-31042252772021-12-31042252772022-01-012022-12-31042252772022-12-3104225277ns14:PoundSterling2023-01-012023-12-3104225277ns10:Director12023-01-012023-12-3104225277ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104225277ns10:SmallEntities2023-01-012023-12-3104225277ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104225277ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104225277ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104225277ns10:FullAccounts2023-01-012023-12-310422527712023-01-012023-12-3104225277ns10:CompanySecretary12023-01-012023-12-3104225277ns10:RegisteredOffice2023-01-012023-12-3104225277ns5:CurrentFinancialInstruments2023-12-3104225277ns5:CurrentFinancialInstruments2022-12-3104225277ns5:Non-currentFinancialInstruments2023-12-3104225277ns5:Non-currentFinancialInstruments2022-12-3104225277ns5:ShareCapital2023-12-3104225277ns5:ShareCapital2022-12-3104225277ns5:RetainedEarningsAccumulatedLosses2023-12-3104225277ns5:RetainedEarningsAccumulatedLosses2022-12-3104225277ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3104225277ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-01-012023-12-3104225277ns5:IntangibleAssetsOtherThanGoodwill2022-12-3104225277ns5:IntangibleAssetsOtherThanGoodwill2023-12-3104225277ns5:IntangibleAssetsOtherThanGoodwill2022-12-3104225277ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3104225277ns5:PlantMachinery2022-12-3104225277ns5:FurnitureFittings2022-12-3104225277ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-012023-12-3104225277ns5:PlantMachinery2023-01-012023-12-3104225277ns5:FurnitureFittings2023-01-012023-12-3104225277ns5:ShortLeaseholdAssetsns5:LandBuildings2023-12-3104225277ns5:PlantMachinery2023-12-3104225277ns5:FurnitureFittings2023-12-3104225277ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3104225277ns5:PlantMachinery2022-12-3104225277ns5:FurnitureFittings2022-12-3104225277ns5:MotorVehicles2022-12-3104225277ns5:ComputerEquipment2022-12-3104225277ns5:MotorVehicles2023-01-012023-12-3104225277ns5:ComputerEquipment2023-01-012023-12-3104225277ns5:MotorVehicles2023-12-3104225277ns5:ComputerEquipment2023-12-3104225277ns5:MotorVehicles2022-12-3104225277ns5:ComputerEquipment2022-12-3104225277ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104225277ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3104225277ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-12-3104225277ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-12-3104225277ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3104225277ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-31042252771ns10:Director12022-12-31042252771ns10:Director12021-12-31042252771ns10:Director12023-01-012023-12-31042252771ns10:Director12022-01-012022-12-31042252771ns10:Director12023-12-31042252771ns10:Director12022-12-31
REGISTERED NUMBER: 04225277



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MATRIX EVENTS LIMITED

MATRIX EVENTS LIMITED (REGISTERED NUMBER: 04225277)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MATRIX EVENTS LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTOR: B Adcock





SECRETARY: C Adcock





REGISTERED OFFICE: The Old Bank
Penshurst Road
Penshurst
Kent
TN11 8DB





REGISTERED NUMBER: 04225277





ACCOUNTANTS: Robsons Accountants
19 Montpelier Avenue
Bexley
Kent
DA5 3AP

MATRIX EVENTS LIMITED (REGISTERED NUMBER: 04225277)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 19,404 21,991
Tangible assets 5 24,823 21,258
44,227 43,249

CURRENT ASSETS
Stocks 102,080 109,442
Debtors 6 60,010 36,941
Prepayments and accrued income 4,755 3,813
Cash at bank and in hand 372 146
167,217 150,342
CREDITORS
Amounts falling due within one year 7 (833,387 ) (906,348 )
NET CURRENT LIABILITIES (666,170 ) (756,006 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(621,943

)

(712,757

)

CREDITORS
Amounts falling due after more than one year 8 (23,439 ) (40,644 )
NET LIABILITIES (645,382 ) (753,401 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (645,482 ) (753,501 )
SHAREHOLDERS' FUNDS (645,382 ) (753,401 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 EVENTS LIMITED (REGISTERED NUMBER: 04225277)

BALANCE SHEET - continued
31 December 2023


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 director and authorised for issue on 27 September 2024 and were signed by:





B Adcock - Director


MATRIX EVENTS LIMITED (REGISTERED NUMBER: 04225277)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Matrix Events Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 EVENTS LIMITED (REGISTERED NUMBER: 04225277)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 25,872
AMORTISATION
At 1 January 2023 3,881
Charge for year 2,587
At 31 December 2023 6,468
NET BOOK VALUE
At 31 December 2023 19,404
At 31 December 2022 21,991

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2023 10,000 16,429 2,405
Additions - 11,720 -
Disposals - - (88 )
At 31 December 2023 10,000 28,149 2,317
DEPRECIATION
At 1 January 2023 3,000 10,335 2,405
Charge for year 1,000 3,824 -
Eliminated on disposal - - (88 )
At 31 December 2023 4,000 14,159 2,317
NET BOOK VALUE
At 31 December 2023 6,000 13,990 -
At 31 December 2022 7,000 6,094 -

MATRIX EVENTS LIMITED (REGISTERED NUMBER: 04225277)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 11,420 11,408 51,662
Additions - 785 12,505
Disposals - (2,590 ) (2,678 )
At 31 December 2023 11,420 9,603 61,489
DEPRECIATION
At 1 January 2023 3,900 10,764 30,404
Charge for year 3,520 596 8,940
Eliminated on disposal - (2,590 ) (2,678 )
At 31 December 2023 7,420 8,770 36,666
NET BOOK VALUE
At 31 December 2023 4,000 833 24,823
At 31 December 2022 7,520 644 21,258

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 48,724 17,214
Other debtors - 400
Directors' current accounts - 7,713
Prepayments 11,286 11,614
60,010 36,941

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 35,001 35,993
Trade creditors 386,614 372,827
Social security and other taxes 5,235 4,714
VAT 141,556 117,645
Other creditors 11,219 50,790
Accruals and deferred income 206,558 309,400
Accrued expenses 47,204 14,979
833,387 906,348

MATRIX EVENTS LIMITED (REGISTERED NUMBER: 04225277)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 14,093 20,000
Bank loans - 2-5 years 3,631 16,068
Other creditors - 4,576
Directors loan account 5,715 -
23,439 40,644

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
B Adcock
Balance outstanding at start of year 7,713 25,928
Amounts repaid (7,713 ) (18,215 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 7,713