IRIS Accounts Production v22.1.4.3 08781119 Board of Directors 1.12.20 30.11.21 30.11.21 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure087811192020-11-30087811192021-11-30087811192020-12-012021-11-30087811192019-11-30087811192019-12-012020-11-30087811192020-11-3008781119ns16:EnglandWales2020-12-012021-11-3008781119ns15:PoundSterling2020-12-012021-11-3008781119ns11:Director12020-12-012021-11-3008781119ns11:PrivateLimitedCompanyLtd2020-12-012021-11-3008781119ns11:SmallEntities2020-12-012021-11-3008781119ns11:AuditExempt-NoAccountantsReport2020-12-012021-11-3008781119ns11:SmallCompaniesRegimeForAccounts2020-12-012021-11-3008781119ns11:FullAccounts2020-12-012021-11-300878111912020-12-012021-11-3008781119ns11:Director22020-12-012021-11-3008781119ns11:Director32020-12-012021-11-3008781119ns11:Director42020-12-012021-11-3008781119ns11:RegisteredOffice2020-12-012021-11-3008781119ns6:CurrentFinancialInstruments2021-11-3008781119ns6:CurrentFinancialInstruments2020-11-3008781119ns6:ShareCapital2021-11-3008781119ns6:ShareCapital2020-11-3008781119ns6:SharePremium2021-11-3008781119ns6:SharePremium2020-11-3008781119ns6:RetainedEarningsAccumulatedLosses2021-11-3008781119ns6:RetainedEarningsAccumulatedLosses2020-11-3008781119ns6:IntangibleAssetsOtherThanGoodwill2020-12-012021-11-3008781119ns6:PatentsTrademarksLicencesConcessionsSimilar2020-12-012021-11-3008781119ns6:PlantMachinery2020-12-012021-11-3008781119ns6:FurnitureFittings2020-12-012021-11-3008781119ns6:ComputerEquipment2020-12-012021-11-3008781119ns6:PatentsTrademarksLicencesConcessionsSimilar2020-11-3008781119ns6:PatentsTrademarksLicencesConcessionsSimilar2021-11-3008781119ns6:PatentsTrademarksLicencesConcessionsSimilar2020-11-3008781119ns6:PlantMachinery2020-11-3008781119ns6:FurnitureFittings2020-11-3008781119ns6:ComputerEquipment2020-11-3008781119ns6:PlantMachinery2021-11-3008781119ns6:FurnitureFittings2021-11-3008781119ns6:ComputerEquipment2021-11-3008781119ns6:PlantMachinery2020-11-3008781119ns6:FurnitureFittings2020-11-3008781119ns6:ComputerEquipment2020-11-3008781119ns6:WithinOneYearns6:CurrentFinancialInstruments2021-11-3008781119ns6:WithinOneYearns6:CurrentFinancialInstruments2020-11-30
REGISTERED NUMBER: 08781119 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

METIX LIMITED

METIX LIMITED (REGISTERED NUMBER: 08781119)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


METIX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2021







DIRECTORS: Dr. J E Guerrero Ontiveros
Dr S I Neophytou
Ms K Zakharova
J Thurlow





REGISTERED OFFICE: Runway East Moorgate
10 Finsbury Square
London
EC2A 1AF





REGISTERED NUMBER: 08781119 (England and Wales)





ACCOUNTANTS: Cornerstone Accountants
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

METIX LIMITED (REGISTERED NUMBER: 08781119)

BALANCE SHEET
30 NOVEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,209 2,417
Tangible assets 5 45,658 56,862
46,867 59,279

CURRENT ASSETS
Debtors 6 104,532 41,857
Cash at bank 576,849 162,024
681,381 203,881
CREDITORS
Amounts falling due within one year 7 138,933 130,403
NET CURRENT ASSETS 542,448 73,478
TOTAL ASSETS LESS CURRENT
LIABILITIES

589,315

132,757

CAPITAL AND RESERVES
Called up share capital 950 827
Share premium 4,364,416 2,875,303
Retained earnings (3,776,051 ) (2,743,373 )
589,315 132,757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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.

METIX LIMITED (REGISTERED NUMBER: 08781119)

BALANCE SHEET - continued
30 NOVEMBER 2021


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 25 August 2022 and were signed on its behalf by:





Ms K Zakharova - Director


METIX LIMITED (REGISTERED NUMBER: 08781119)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1. STATUTORY INFORMATION

Metix 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.

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.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on a straight line basis
Fixtures and fittings - 20% on a straight line basis
Computer equipment - 20% on a straight line basis

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2020 - 30 ) .

METIX LIMITED (REGISTERED NUMBER: 08781119)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 December 2020
and 30 November 2021 6,044
AMORTISATION
At 1 December 2020 3,627
Amortisation for year 1,208
At 30 November 2021 4,835
NET BOOK VALUE
At 30 November 2021 1,209
At 30 November 2020 2,417

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2020 54,230 20,578 53,548 128,356
Additions - 690 15,666 16,356
At 30 November 2021 54,230 21,268 69,214 144,712
DEPRECIATION
At 1 December 2020 28,355 12,001 31,138 71,494
Charge for year 10,846 4,126 12,588 27,560
At 30 November 2021 39,201 16,127 43,726 99,054
NET BOOK VALUE
At 30 November 2021 15,029 5,141 25,488 45,658
At 30 November 2020 25,875 8,577 22,410 56,862

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 104,532 41,857

METIX LIMITED (REGISTERED NUMBER: 08781119)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 65,661 68,381
Taxation and social security 16,565 -
Other creditors 56,707 62,022
138,933 130,403