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REGISTERED NUMBER: 12339722 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2022

for

Metro C24 Stores Limited

Metro C24 Stores Limited (Registered number: 12339722)

Contents of the Financial Statements
for the Year Ended 30 November 2022










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Metro C24 Stores Limited

Company Information
for the Year Ended 30 November 2022







DIRECTOR: Mrs P K Mehat





SECRETARY:





REGISTERED OFFICE: Trust House C/o Isaacs St James Business
5 New Augustus Street
Bradford
West Yorkshire
BD1 5LL





REGISTERED NUMBER: 12339722 (England and Wales)





ACCOUNTANTS: Isaacs
Trust House
St James Business Park
5 New Augustus Street
Bradford
West Yorkshire
BD1 5LL

Metro C24 Stores Limited (Registered number: 12339722)

Abridged Balance Sheet
30 November 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 112,500 125,000
Tangible assets 5 38,004 44,103
150,504 169,103

CURRENT ASSETS
Stocks 77,803 65,620
Cash at bank and in hand 431,281 376,797
509,084 442,417
CREDITORS
Amounts falling due within one year 379,715 398,789
NET CURRENT ASSETS 129,369 43,628
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,873

212,731

CREDITORS
Amounts falling due after more than one
year

6

(36,464

)

(46,071

)

PROVISIONS FOR LIABILITIES (7,330 ) (8,379 )
NET ASSETS 236,079 158,281

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 235,979 158,181
236,079 158,281

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Metro C24 Stores Limited (Registered number: 12339722)

Abridged Balance Sheet - continued
30 November 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 November 2023 and were signed by:





Mrs P K Mehat - Director


Metro C24 Stores Limited (Registered number: 12339722)

Notes to the Financial Statements
for the Year Ended 30 November 2022


1. STATUTORY INFORMATION

Metro C24 Stores 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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 each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 15% 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.

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.

Metro C24 Stores Limited (Registered number: 12339722)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2021 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2021
and 30 November 2022 125,000
AMORTISATION
Amortisation for year 12,500
At 30 November 2022 12,500
NET BOOK VALUE

At 30 November 2022 112,500
At 30 November 2021 125,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2021 59,702
Additions 1,569
At 30 November 2022 61,271
DEPRECIATION
At 1 December 2021 15,599
Charge for year 7,668
At 30 November 2022 23,267
NET BOOK VALUE
At 30 November 2022 38,004
At 30 November 2021 44,103

Metro C24 Stores Limited (Registered number: 12339722)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2022 2021
£    £   
Repayable by instalments
Bounce back loan 36,464 46,071