Company Registration No. 12648579 (England and Wales)
METALYNX LTD
Amended unaudited accounts
for the year ended 30 June 2023
METALYNX LTD
Amended unaudited accounts
Contents
METALYNX LTD
Company Information
for the year ended 30 June 2023
Directors
K. Bhatia
D. Keen
Company Number
12648579 (England and Wales)
Registered Office
71-75 SHELTON STREET
LONDON
WC2H 9JQ
ENGLAND
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
METALYNX LTD
Accountants' report
Accountants' report to the board of directors of METALYNX LTD on the preparation of the unaudited statutory accounts for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
METALYNX LTD for the year ended
30 June 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of METALYNX LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of METALYNX LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than METALYNX LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that METALYNX LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of METALYNX LTD. You consider that METALYNX LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of METALYNX LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
6 November 2023
METALYNX LTD
Statement of financial position
as at 30 June 2023
Cash at bank and in hand
165,390
340,738
Creditors: amounts falling due within one year
(11,241)
(36,313)
Net current assets
317,448
407,794
Net assets
323,219
408,784
Called up share capital
3
3
Share premium
681,591
654,591
Profit and loss account
(358,375)
(245,810)
Shareholders' funds
323,219
408,784
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by
K. Bhatia
Director
Company Registration No. 12648579
METALYNX LTD
Notes to the Accounts
for the year ended 30 June 2023
METALYNX LTD is a private company, limited by shares, registered in England and Wales, registration number 12648579. The registered office is 71-75 SHELTON STREET, LONDON, WC2H 9JQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Expenditure on research and development is written off in the year in which it is incurred.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
METALYNX LTD
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2022
613
467
1,080
At 30 June 2023
613
6,171
6,784
Charge for the year
123
800
923
At 30 June 2023
174
839
1,013
At 30 June 2023
439
5,332
5,771
At 30 June 2022
562
428
990
Amounts falling due within one year
Accrued income and prepayments
72,978
-
Other debtors
86,537
96,728
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
314
35,515
Taxes and social security
9,628
-
Loans from directors
138
132
7
Average number of employees
During the year the average number of employees was 4 (2022: 3).