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REGISTERED NUMBER: 03193402 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Metafix (Uk) Limited

Metafix (Uk) Limited (Registered number: 03193402)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Metafix (Uk) Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: N C Dean





SECRETARY:





REGISTERED OFFICE: Woodbine Farm
Lutton
Peterborough
PE8 5ND





REGISTERED NUMBER: 03193402 (England and Wales)





ACCOUNTANTS: OCL Accountancy
141 Englishcombe Lane
Bath
BA2 2EL

Metafix (Uk) Limited (Registered number: 03193402)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 31,364
Investments 5 - 2
- 31,366

CURRENT ASSETS
Stocks - 33,367
Debtors 6 452,969 462,274
Cash at bank and in hand 41,267 27,538
494,236 523,179
CREDITORS
Amounts falling due within one year 7 513,310 552,485
NET CURRENT LIABILITIES (19,074 ) (29,306 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,074

)

2,060

PROVISIONS FOR LIABILITIES - 4,015
NET LIABILITIES (19,074 ) (1,955 )

CAPITAL AND RESERVES
Called up share capital 4,152 4,152
Retained earnings (23,226 ) (6,107 )
SHAREHOLDERS' FUNDS (19,074 ) (1,955 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 24 October 2023 and were signed by:




N C Dean - Director


Metafix (Uk) Limited (Registered number: 03193402)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Metafix (Uk) 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.

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

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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 NIL (2022 - 4 ).

Metafix (Uk) Limited (Registered number: 03193402)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2022 7,651 234,588 242,239
Disposals (7,651 ) (234,588 ) (242,239 )
At 31 January 2023 - - -
DEPRECIATION
At 1 February 2022 3,557 207,318 210,875
Eliminated on disposal (3,557 ) (207,318 ) (210,875 )
At 31 January 2023 - - -
NET BOOK VALUE
At 31 January 2023 - - -
At 31 January 2022 4,094 27,270 31,364

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2022 2
Disposals (2 )
At 31 January 2023 -
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 17,101 25,279
Amounts owed by group undertakings 435,868 424,929
Other debtors - 12,066
452,969 462,274

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Hire purchase contracts - 2,671
Trade creditors 57,694 83,674
Amounts owed to group undertakings - 13,131
Taxation and social security 2,932 -
Other creditors 452,684 453,009
513,310 552,485

Metafix (Uk) Limited (Registered number: 03193402)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. ULTIMATE CONTROLLING PARTY

The company is a subsidiary of N C D Property Developments Limited. Mr N C Dean is the ultimate controlling party by virtue of his shareholding in N C D Property Developments Limited.