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REGISTERED NUMBER: 05211741 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

MATRIX CONSULT LIMITED

MATRIX CONSULT LIMITED (REGISTERED NUMBER: 05211741)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MATRIX CONSULT LIMITED

Company Information
for the year ended 31 August 2024







DIRECTORS: D J Clark
R M Geary
S J Penwarden





SECRETARY: S J Penwarden





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 05211741 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

MATRIX CONSULT LIMITED (REGISTERED NUMBER: 05211741)

Balance Sheet
31 August 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 2 2
Tangible assets 5 1,151 2,097
1,153 2,099

CURRENT ASSETS
Debtors 6 109,351 75,912
Cash at bank 56,072 91,835
165,423 167,747
CREDITORS
Amounts falling due within one year 7 (95,689 ) (90,830 )
NET CURRENT ASSETS 69,734 76,917
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,887

79,016

CREDITORS
Amounts falling due after more than one
year

8

(8,777

)

(19,062

)

PROVISIONS FOR LIABILITIES 10 (288 ) (524 )
NET ASSETS 61,822 59,430

CAPITAL AND RESERVES
Called up share capital 11 60,000 60,000
Retained earnings 1,822 (570 )
SHAREHOLDERS' FUNDS 61,822 59,430

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

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

The directors acknowledge their 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 CONSULT LIMITED (REGISTERED NUMBER: 05211741)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by:





S J Penwarden - Director


MATRIX CONSULT LIMITED (REGISTERED NUMBER: 05211741)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Matrix Consult 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the fair value of consideration received or receivable net of VAT and trade discounts. Revenue from the sale of services is recognised at the point of sale.

Goodwill
Goodwill reflects the amount paid in connection with the acquisition of a business in 2005 and has been fully amortised.

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.

Intangible assets represent contracts acquired in 2005 and have been fully amortised.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & fittings- 25% on cost
Computer equipment- 25% on cost

Financial instruments
Financial assets, 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 entity after deducting all of its financial liabilities.

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.


MATRIX CONSULT LIMITED (REGISTERED NUMBER: 05211741)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill Contracts Totals
£ £ £
COST
At 1 September 2023
and 31 August 2024 1 1 2
NET BOOK VALUE
At 31 August 2024 1 1 2
At 31 August 2023 1 1 2

MATRIX CONSULT LIMITED (REGISTERED NUMBER: 05211741)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
equipment equipment Totals
£ £ £
COST
At 1 September 2023
and 31 August 2024 17,102 7,273 24,375
DEPRECIATION
At 1 September 2023 17,048 5,230 22,278
Charge for year 54 892 946
At 31 August 2024 17,102 6,122 23,224
NET BOOK VALUE
At 31 August 2024 - 1,151 1,151
At 31 August 2023 54 2,043 2,097

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 109,129 75,811
Other debtors 222 101
109,351 75,912

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,289 10,037
Trade creditors 1,852 1,449
Taxation and social security 67,635 54,138
Other creditors 15,913 25,206
95,689 90,830

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 8,777 19,062

9. SECURED DEBTS

HSBC Bank plc has a fixed and floating charge over the assets of the company.

MATRIX CONSULT LIMITED (REGISTERED NUMBER: 05211741)

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

10. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 288 524

Deferred tax
£
Balance at 1 September 2023 524
Provided during year (236 )
Balance at 31 August 2024 288

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
60,000 Ordinary £1 60,000 60,000