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REGISTERED NUMBER: 04709071 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Metroglaze Ltd

Metroglaze Ltd (Registered number: 04709071)

Contents of the Financial Statements
for the Year Ended 31 March 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Metroglaze Ltd

Company Information
for the Year Ended 31 March 2022







DIRECTORS: Mr A M Martin
Mrs Y Martin





SECRETARY: Mr A M Martin





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





BUSINESS ADDRESS: 24 Tye Green
Wimbish
Saffron Walden
Essex
CB10 2XE





REGISTERED NUMBER: 04709071 (England and Wales)

Metroglaze Ltd (Registered number: 04709071)

Balance Sheet
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 535 713
535 713

CURRENT ASSETS
Stocks - 28,333
Debtors 7 119,736 40,493
Cash at bank 55,084 52,880
174,820 121,706
CREDITORS
Amounts falling due within one year 8 112,036 63,595
NET CURRENT ASSETS 62,784 58,111
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,319

58,824

PROVISIONS FOR LIABILITIES 102 136
NET ASSETS 63,217 58,688

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 63,215 58,686
SHAREHOLDERS' FUNDS 63,217 58,688

Metroglaze Ltd (Registered number: 04709071)

Balance Sheet - continued
31 March 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

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 5 September 2022 and were signed on its behalf by:




Mr A M Martin - Director



Mrs Y Martin - Director


Metroglaze Ltd (Registered number: 04709071)

Notes to the Financial Statements
for the Year Ended 31 March 2022


1. STATUTORY INFORMATION

Metroglaze 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.


Metroglaze Ltd (Registered number: 04709071)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022


3. ACCOUNTING POLICIES - continued
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.

Covid-19
The Directors have assessed the current and future effects of COVID-19 on the Company. The Company has been able to continue to trade during the pandemic, on this basis, the Directors consider it appropriate to prepare the financial statements on a going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 40,000
AMORTISATION
At 1 April 2021
and 31 March 2022 40,000
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

Metroglaze Ltd (Registered number: 04709071)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022


6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021
and 31 March 2022 31,100
DEPRECIATION
At 1 April 2021 30,387
Charge for year 178
At 31 March 2022 30,565
NET BOOK VALUE
At 31 March 2022 535
At 31 March 2021 713

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 119,736 5,201
Other debtors - 35,292
119,736 40,493

Included within other debtors disclosed above is a balance of £Nil (2021 - £26,248) in relation to accrued income and a balance of £Nil (2021 - £9,044) in relation to VAT recoverable.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 11,975 16,944
Taxation and social security 46,264 15,700
Other creditors 53,797 30,951
112,036 63,595

Included within other creditors disclosed above is a balance of £53,020 (2021 - £30,271) in relation to the Directors' loan accounts and a balance of £777 (2021 - £680) in relation to other creditors.