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REGISTERED NUMBER: 08905386 (England and Wales)















EFT & MATRIX REIMPRINTING ACADEMY LTD

Unaudited Financial Statements for the Year Ended 29 February 2024






EFT & MATRIX REIMPRINTING ACADEMY LTD (REGISTERED NUMBER: 08905386)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


EFT & MATRIX REIMPRINTING ACADEMY LTD

Company Information
for the year ended 29 February 2024







Director: K Dawson





Registered office: 44 High Street
Feckenham
Worcestershire
B96 6HS





Registered number: 08905386 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

Accountants' Report to the Director
on the Unaudited Financial Statements of
Eft & Matrix Reimprinting Academy Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eft & Matrix Reimprinting Academy Ltd for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Eft & Matrix Reimprinting Academy Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eft & Matrix Reimprinting Academy Ltd and state those matters that we have agreed to state to the director of Eft & Matrix Reimprinting Academy Ltd in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Eft & Matrix Reimprinting Academy Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Eft & Matrix Reimprinting Academy Ltd. You consider that Eft & Matrix Reimprinting Academy Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Eft & Matrix Reimprinting Academy Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
CUBO Birmingham
4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX


Date: .............................................

EFT & MATRIX REIMPRINTING ACADEMY LTD (REGISTERED NUMBER: 08905386)

Balance Sheet
29 February 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 570 1,124
Investments 5 13,380 -
13,950 1,124

Current assets
Debtors 6 5,452 580
Cash at bank 14,905 36,137
20,357 36,717
Creditors
Amounts falling due within one year 7 5,151 4,522
Net current assets 15,206 32,195
Total assets less current liabilities 29,156 33,319

Creditors
Amounts falling due after more than one year 8 12,236 16,118
Net assets 16,920 17,201

Capital and reserves
Called up share capital 100 100
Retained earnings 16,820 17,101
Shareholders' funds 16,920 17,201

EFT & MATRIX REIMPRINTING ACADEMY LTD (REGISTERED NUMBER: 08905386)

Balance Sheet - continued
29 February 2024


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 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.

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 19 November 2024 and were signed by:





K Dawson - Director


EFT & MATRIX REIMPRINTING ACADEMY LTD (REGISTERED NUMBER: 08905386)

Notes to the Financial Statements
for the year ended 29 February 2024

1. Statutory information

Eft & Matrix Reimprinting Academy Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

Going concern
The financial statements have been prepared on a going concern basis and no material uncertainties exist that impact on the company's ability to trade.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

EFT & MATRIX REIMPRINTING ACADEMY LTD (REGISTERED NUMBER: 08905386)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 March 2023
and 29 February 2024 2,077
Depreciation
At 1 March 2023 953
Charge for year 554
At 29 February 2024 1,507
Net book value
At 29 February 2024 570
At 28 February 2023 1,124

5. Fixed asset investments

Investments (neither listed nor unlisted) were as follows:
2024 2023
£ £
Other commodities 13,380 -

6. Debtors: amounts falling due within one year
2024 2023
£ £
Amounts owed by group undertakings 4,872 -
Tax 580 580
5,452 580

7. Creditors: amounts falling due within one year
2024 2023
£ £
Tax 64 2,769
Directors' current accounts 3,732 396
Accrued expenses 1,355 1,357
5,151 4,522

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans - 2-5 years 12,236 16,118

EFT & MATRIX REIMPRINTING ACADEMY LTD (REGISTERED NUMBER: 08905386)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£ £
K Dawson
Balance outstanding at start of year (395 ) 9,786
Amounts advanced 62,614 41,707
Amounts repaid (65,950 ) (51,888 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,731 ) (395 )