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Company No: 04509615 (England and Wales)

MATRIX MARKETING AND MEDIA SOLUTIONS LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

MATRIX MARKETING AND MEDIA SOLUTIONS LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

MATRIX MARKETING AND MEDIA SOLUTIONS LIMITED

BALANCE SHEET

As at 31 May 2024
MATRIX MARKETING AND MEDIA SOLUTIONS LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 2,396 1,753
Investments 4 115,969 112,499
118,365 114,252
Current assets
Debtors 5 31,540 20,446
Cash at bank and in hand 51,795 77,252
83,335 97,698
Creditors: amounts falling due within one year 6 ( 115,111) ( 91,425)
Net current (liabilities)/assets (31,776) 6,273
Total assets less current liabilities 86,589 120,525
Creditors: amounts falling due after more than one year 7 ( 60,833) ( 85,833)
Provision for liabilities ( 599) ( 438)
Net assets 25,157 34,254
Capital and reserves
Called-up share capital 8 10 10
Profit and loss account 25,147 34,244
Total shareholders' funds 25,157 34,254

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Matrix Marketing and Media Solutions Limited (registered number: 04509615) were approved and authorised for issue by the Board of Directors on 15 January 2025. They were signed on its behalf by:

Mr G A Turner
Director
MATRIX MARKETING AND MEDIA SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
MATRIX MARKETING AND MEDIA SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Matrix Marketing and Media Solutions Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom. The principal place of business is Unit 7, Residence 2, Royal William Yard, Plymouth, PL1 3RP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings 10 years straight line
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 5

Numbers as per Market IQ

3. Tangible assets

Fixtures and fittings Office equipment Total
£ £ £
Cost
At 01 June 2023 8,598 35,766 44,364
Additions 0 1,593 1,593
At 31 May 2024 8,598 37,359 45,957
Accumulated depreciation
At 01 June 2023 7,719 34,892 42,611
Charge for the financial year 329 621 950
At 31 May 2024 8,048 35,513 43,561
Net book value
At 31 May 2024 550 1,846 2,396
At 31 May 2023 879 874 1,753

4. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 June 2023 112,499 112,499
Movement in fair value 3,471 3,471
At 31 May 2024 115,970 115,970
Carrying value at 31 May 2024 115,969 115,969
Carrying value at 31 May 2023 112,499 112,499

5. Debtors

2024 2023
£ £
Trade debtors 19,464 17,090
Other debtors 12,076 3,356
31,540 20,446

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,000 10,000
Trade creditors 1,878 1,664
Taxation and social security 17,708 16,189
Other creditors 85,525 63,572
115,111 91,425

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 10,833 20,833
Other creditors 50,000 65,000
60,833 85,833

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
8 Ordinary shares of £ 1.00 each 8 8
2 Ordinary A shares of £ 1.00 each 2 2
10 10

9. Financial commitments

Other financial commitments

2024 2023
£ £
The total amount of financial commitments not included in the balance sheet 4,400 4,820