Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05746877 Rachael Barrett Andrew Barrett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05746877 2023-03-31 05746877 2024-03-31 05746877 2023-04-01 2024-03-31 05746877 frs-core:CurrentFinancialInstruments 2024-03-31 05746877 frs-core:PlantMachinery 2024-03-31 05746877 frs-core:PlantMachinery 2023-04-01 2024-03-31 05746877 frs-core:PlantMachinery 2023-03-31 05746877 frs-core:ShareCapital 2024-03-31 05746877 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05746877 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05746877 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05746877 frs-bus:SmallEntities 2023-04-01 2024-03-31 05746877 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05746877 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05746877 frs-bus:Director1 2023-04-01 2024-03-31 05746877 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 05746877 frs-countries:EnglandWales 2023-04-01 2024-03-31 05746877 2022-03-31 05746877 2023-03-31 05746877 2022-04-01 2023-03-31 05746877 frs-core:CurrentFinancialInstruments 2023-03-31 05746877 frs-core:ShareCapital 2023-03-31 05746877 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05746877
Matrix ER/HR Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05746877
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Stocks 5 4,000 7,500
Cash at bank and in hand 1,806 484
5,806 7,984
Creditors: Amounts Falling Due Within One Year 6 (4,552 ) (7,945 )
NET CURRENT ASSETS (LIABILITIES) 1,254 39
TOTAL ASSETS LESS CURRENT LIABILITIES 1,254 39
NET ASSETS 1,254 39
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 1,253 38
SHAREHOLDERS' FUNDS 1,254 39
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Rachael Barrett
Director
3 December 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Matrix ER/HR Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05746877 . The registered office is 3 Stoke Damerel Business Centre, 5 Church Street, Plymouth, Devon, PL3 4DT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the rendering of services.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33% Straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 8,412
As at 31 March 2024 8,412
Depreciation
As at 1 April 2023 8,412
As at 31 March 2024 8,412
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Stocks
2024 2023
£ £
Work in progress 4,000 7,500
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 2,680 6,192
Other taxes and social security - 21
Accruals and deferred income 1,861 1,465
Director's loan account 11 267
4,552 7,945
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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