1 July 2022 false No description of principal activity Taxfiler 2023.10 12648579business:PrivateLimitedCompanyLtd2022-07-012023-06-30 126485792022-06-30 126485792022-07-012023-06-30 12648579business:AuditExemptWithAccountantsReport2022-07-012023-06-30 12648579business:FilletedAccounts2022-07-012023-06-30 126485792023-06-30 12648579business:Director12022-07-012023-06-30 12648579business:Director22022-07-012023-06-30 12648579business:RegisteredOffice2022-07-012023-06-30 126485792022-06-30 12648579core:WithinOneYear2023-06-30 12648579core:WithinOneYear2022-06-30 12648579core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 12648579core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 12648579core:SharePremiumcore:PreviouslyStatedAmount2023-06-30 12648579core:SharePremiumcore:PreviouslyStatedAmount2022-06-30 12648579core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 12648579core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 12648579core:PreviouslyStatedAmount2023-06-30 12648579core:PreviouslyStatedAmount2022-06-30 12648579business:SmallEntities2022-07-012023-06-30 12648579countries:EnglandWales2022-07-012023-06-30 12648579core:FurnitureFittings2022-07-012023-06-30 12648579core:ComputerEquipment2022-07-012023-06-30 12648579core:FurnitureFittings2022-06-30 12648579core:ComputerEquipment2022-06-30 12648579core:FurnitureFittings2023-06-30 12648579core:ComputerEquipment2023-06-30 126485792021-07-012022-06-30 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
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
- 4 -
METALYNX LTD Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,771 
990 
Current assets
Debtors
163,299 
103,369 
Cash at bank and in hand
165,390 
340,738 
328,689 
444,107 
Creditors: amounts falling due within one year
(11,241)
(36,313)
Net current assets
317,448 
407,794 
Net assets
323,219 
408,784 
Capital and reserves
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
- 5 -
METALYNX LTD Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Foreign exchange
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Government grants
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.
- 6 -
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 
Additions
- 
5,704 
5,704 
At 30 June 2023
613 
6,171 
6,784 
Depreciation
At 1 July 2022
51 
39 
90 
Charge for the year
123 
800 
923 
At 30 June 2023
174 
839 
1,013 
Net book value
At 30 June 2023
439 
5,332 
5,771 
At 30 June 2022
562 
428 
990 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
3,784 
6,641 
Accrued income and prepayments
72,978 
- 
Other debtors
86,537 
96,728 
163,299 
103,369 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
314 
35,515 
Taxes and social security
9,628 
- 
Other creditors
1,161 
666 
Loans from directors
138 
132 
11,241 
36,313 
7
Average number of employees
During the year the average number of employees was 4 (2022: 3).
- 7 -