REGISTERED NUMBER: 12852412 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

THE MATRIX ACADEMY LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Director:

P A Leedham

Registered office:

Unit 5

Bradmarsh Court

Bradmarsh Way

Rotherham

South Yorkshire

S60 1BW

Registered number:

12852412 (England and Wales)

Accountant:

Thackeray Associates Accountants

102 High Street

New Whittington

Chesterfield

Derbyshire

S43 2AL

FIXED ASSETS

Intangible assets

4

14,213

752

Tangible assets

5

155,319

163,482

169,532

164,234

CURRENT ASSETS

Debtors

6

96,673

71,640

Cash at bank

31,665

59,250

128,338

130,890

CREDITORS

Amounts falling due within one year

7

22,875

25,499

NET CURRENT ASSETS

105,463

105,391

TOTAL ASSETS LESS CURRENT LIABILITIES

274,995

269,625

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

274,975

269,605

SHAREHOLDER FUNDS

274,995

269,625

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 29th August 2025 and were signed by:

P A Leedham - Director

1.	STATUTORY INFORMATION

The Matrix 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.

Preparation of consolidated financial statements

The financial statements contain information about The Matrix Academy Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Changes in accounting policies

The rate of depreciation utilised for motor vehicles has been reviewed during the period. In the light of valuations for the vehicles, the directors considered the rate was too high and there is a write back for prior years. The amended rate is shown within the Tangible Fixed Assets accounting policy below.

Turnover

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

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.

Vehicle registration marks are being amortised evenly over their estimated useful life of ten years.

Cloud solution development are being amortised evenly over their estimated useful life of eight years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

over the period of lease

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

Straight line over 6 years

IT equipment and software

-

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

4.	INTANGIBLE FIXED ASSETS

Vehicle

Cloud

registration

solution

marks

development

Totals

£

£

£

COST

At 1st September 2023

887

-

887

Additions

-

13,875

13,875

At 31st August 2024

887

13,875

14,762

AMORTISATION

At 1st September 2023

135

-

135

Amortisation for year

88

326

414

At 31st August 2024

223

326

549

NET BOOK VALUE

At 31st August 2024

664

13,549

14,213

At 31st August 2023

752

-

752

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st September 2023

128,236

-

284

Additions

18,977

3,999

1,352

At 31st August 2024

147,213

3,999

1,636

DEPRECIATION

At 1st September 2023

19,627

-

4

Charge for year

27,443

598

235

Charge written back

-

-

-

At 31st August 2024

47,070

598

239

NET BOOK VALUE

At 31st August 2024

100,143

3,401

1,397

At 31st August 2023

108,609

-

280

IT

equipment

Motor

and

vehicles

software

Totals

£

£

£

COST

At 1st September 2023

84,494

1,000

214,014

Additions

-

-

24,328

At 31st August 2024

84,494

1,000

238,342

DEPRECIATION

At 1st September 2023

30,471

430

50,532

Charge for year

14,042

332

42,650

Charge written back

(10,159

)

-

(10,159

)

At 31st August 2024

34,354

762

83,023

NET BOOK VALUE

At 31st August 2024

50,140

238

155,319

At 31st August 2023

54,023

570

163,482

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

6,192

932

Amounts owed by group undertakings

14,173

14,173

Other debtors

76,308

56,535

96,673

71,640

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

9,947

19,821

Amounts owed to group undertakings

241

241

Taxation and social security

3,272

-

Other creditors

9,415

5,437

22,875

25,499

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Hydra Global Holdings Ltd.