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REGISTERED NUMBER: 05307124 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st March 2024

for

Matrix Cleaning Systems Limited

Matrix Cleaning Systems Limited (Registered number: 05307124)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Matrix Cleaning Systems Limited

Company Information
for the year ended 31st March 2024







DIRECTOR: Ms N Pownall





SECRETARY: Ms N Pownall





REGISTERED OFFICE: Unit H, Leyland Business Park
Centurion Way
Farrington
Leyland
Lancashire
PR25 3GR





REGISTERED NUMBER: 05307124 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Matrix Cleaning Systems Limited (Registered number: 05307124)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,483 25,320
Tangible assets 5 80,496 116,118
Investments 6 2 2
96,981 141,440

CURRENT ASSETS
Stocks 238,268 279,311
Debtors 7 116,397 214,644
Cash at bank and in hand 741 64,108
355,406 558,063
CREDITORS
Amounts falling due within one year 8 211,424 377,278
NET CURRENT ASSETS 143,982 180,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

240,963

322,225

CREDITORS
Amounts falling due after more than one
year

9

48,189

62,710
NET ASSETS 192,774 259,515

CAPITAL AND RESERVES
Called up share capital 19,599 19,599
Retained earnings 173,175 239,916
SHAREHOLDERS' FUNDS 192,774 259,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Cleaning Systems Limited (Registered number: 05307124)

Balance Sheet - continued
31st March 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 director and authorised for issue on 7th November 2024 and were signed by:





Ms N Pownall - Director


Matrix Cleaning Systems Limited (Registered number: 05307124)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

Matrix Cleaning Systems 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2006, was amortised evenly over its estimated useful life of ten years.

Other intangible assets
Other intangible assets are amortised over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on reducing balance

Stocks
Stock is valued on an average cost basis.

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.

Foreign currency translation
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Matrix Cleaning Systems Limited (Registered number: 05307124)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st April 2023 55,000 79,927 134,927
Additions - 150 150
At 31st March 2024 55,000 80,077 135,077
AMORTISATION
At 1st April 2023 55,000 54,607 109,607
Charge for year - 8,987 8,987
At 31st March 2024 55,000 63,594 118,594
NET BOOK VALUE
At 31st March 2024 - 16,483 16,483
At 31st March 2023 - 25,320 25,320

Matrix Cleaning Systems Limited (Registered number: 05307124)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2023 23,629 395,554 419,183
Disposals - (19,480 ) (19,480 )
At 31st March 2024 23,629 376,074 399,703
DEPRECIATION
At 1st April 2023 23,053 280,012 303,065
Charge for year 576 26,828 27,404
Eliminated on disposal - (11,262 ) (11,262 )
At 31st March 2024 23,629 295,578 319,207
NET BOOK VALUE
At 31st March 2024 - 80,496 80,496
At 31st March 2023 576 115,542 116,118

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st April 2023 70,490
Disposals (19,480 )
At 31st March 2024 51,010
DEPRECIATION
At 1st April 2023 12,323
Charge for year 12,487
Eliminated on disposal (11,262 )
At 31st March 2024 13,548
NET BOOK VALUE
At 31st March 2024 37,462
At 31st March 2023 58,167

Matrix Cleaning Systems Limited (Registered number: 05307124)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

6. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1st April 2023
and 31st March 2024 2
NET BOOK VALUE
At 31st March 2024 2
At 31st March 2023 2

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 116,397 197,328
Other debtors - 17,316
116,397 214,644

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 136,581 207,654
Hire purchase contracts (see note 10) 4,521 8,231
Trade creditors 8,418 103,581
Taxation and social security 21,555 11,896
Other creditors 40,349 45,916
211,424 377,278

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 16,667 26,667
Hire purchase contracts (see note 10) 31,522 36,043
48,189 62,710

Matrix Cleaning Systems Limited (Registered number: 05307124)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 4,521 8,231
Between one and five years 31,522 36,043
36,043 44,274

The company has annual leasing commitments that expire within one year of £30,480 (2023 - £31,251).

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 126,581 197,654
Hire purchase contracts 36,043 44,274
162,624 241,928

The bank overdrafts are secured by fixed and floating charges over the company's assets, and a fixed charge on purchased debts.

No security has been provided in respect of the bank loan of £26,667 (2023 - £36,667).

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is the Pownall family.