Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.66true2022-01-01falseNo description of principal activity57false 04290499 2022-01-01 2022-12-31 04290499 2021-01-01 2021-12-31 04290499 2022-12-31 04290499 2021-12-31 04290499 c:Director11 2022-01-01 2022-12-31 04290499 d:Buildings d:ShortLeaseholdAssets 2022-01-01 2022-12-31 04290499 d:Buildings d:ShortLeaseholdAssets 2022-12-31 04290499 d:Buildings d:ShortLeaseholdAssets 2021-12-31 04290499 d:PlantMachinery 2022-01-01 2022-12-31 04290499 d:PlantMachinery 2022-12-31 04290499 d:PlantMachinery 2021-12-31 04290499 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 04290499 d:MotorVehicles 2022-01-01 2022-12-31 04290499 d:MotorVehicles 2022-12-31 04290499 d:MotorVehicles 2021-12-31 04290499 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 04290499 d:FurnitureFittings 2022-01-01 2022-12-31 04290499 d:FurnitureFittings 2022-12-31 04290499 d:FurnitureFittings 2021-12-31 04290499 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 04290499 d:ComputerEquipment 2022-01-01 2022-12-31 04290499 d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 04290499 d:CurrentFinancialInstruments 2022-12-31 04290499 d:CurrentFinancialInstruments 2021-12-31 04290499 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04290499 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 04290499 d:ShareCapital 2022-12-31 04290499 d:ShareCapital 2021-12-31 04290499 d:RetainedEarningsAccumulatedLosses 2022-12-31 04290499 d:RetainedEarningsAccumulatedLosses 2021-12-31 04290499 c:OrdinaryShareClass1 2022-01-01 2022-12-31 04290499 c:OrdinaryShareClass1 2022-12-31 04290499 c:OrdinaryShareClass1 2021-12-31 04290499 c:OrdinaryShareClass2 2022-01-01 2022-12-31 04290499 c:OrdinaryShareClass2 2022-12-31 04290499 c:OrdinaryShareClass2 2021-12-31 04290499 c:FRS102 2022-01-01 2022-12-31 04290499 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 04290499 c:FullAccounts 2022-01-01 2022-12-31 04290499 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 04290499 2 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04290499









METRUS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
METRUS LIMITED
REGISTERED NUMBER: 04290499

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
125,590
141,324

  
125,590
141,324

Current assets
  

Debtors
 5 
1,826,507
1,730,419

Cash at bank and in hand
 6 
1,615,765
1,089,895

  
3,442,272
2,820,314

Creditors: amounts falling due within one year
 7 
(3,442,883)
(2,675,452)

Net current (liabilities)/assets
  
 
 
(611)
 
 
144,862

Total assets less current liabilities
  
124,979
286,186

  

Net assets
  
124,979
286,186


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
124,779
285,986

  
124,979
286,186


Page 1

 
METRUS LIMITED
REGISTERED NUMBER: 04290499
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A Sayer
Director

Date: 23 November 2023

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
METRUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Metrus Limited is a private company limited by shares, incorporated in England and Wales (registered number 04290499). The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom W1W 6XH. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

Page 3

 
METRUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 4

 
METRUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis:.

Depreciation is provided on the following basis:

Leasehold property
-
10%
straight line
Plant and machinery
-
33%
straight line
Motor vehicles
-
25%
straight line
Fixtures and fittings
-
15%
reducing balance
Computer equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
METRUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 6

 
METRUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 57 (2021 - 66).


4.


Tangible fixed assets





Leasehold improvements
Plant and machinery
Motor vehicles
Fixtures and fittings

£
£
£
£



Cost or valuation


At 1 January 2022
132,170
148,942
82,823
325,607


Additions
-
33,337
-
2,609


Disposals
-
(44,710)
(52,483)
-



At 31 December 2022

132,170
137,569
30,340
328,216



Depreciation


At 1 January 2022
132,170
82,569
82,823
250,654


Charge for the year on owned assets
-
40,273
-
11,409


Disposals
-
(44,710)
(52,483)
-



At 31 December 2022

132,170
78,132
30,340
262,063



Net book value



At 31 December 2022
-
59,437
-
66,153



At 31 December 2021
-
66,372
-
74,952
Page 7

 
METRUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 January 2022
689,542


Additions
35,946


Disposals
(97,193)



At 31 December 2022

628,295



Depreciation


At 1 January 2022
548,216


Charge for the year on owned assets
51,682


Disposals
(97,193)



At 31 December 2022

502,705



Net book value



At 31 December 2022
125,590



At 31 December 2021
141,324


5.


Debtors

2022
2021
£
£



Trade debtors
571,177
497,734

Amounts owed by group undertakings
809,978
812,071

Amounts owed by related undertakings
1,180
1,880

Other debtors
86,838
82,581

Prepayments and accrued income
357,334
336,153

1,826,507
1,730,419


Page 8

 
METRUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
1,615,765
1,089,895

1,615,765
1,089,895



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
101,841
87,168

Amounts owed to group undertakings
1,091,194
1,116,194

Amounts owed to related undertakings
561,328
560,889

Corporation tax
-
29,502

Other taxation and social security
709,742
521,123

Accruals and deferred income
978,778
360,576

3,442,883
2,675,452



8.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



100 (2021 - 100) Ordinary A shares of £1 each shares of £1.00 each
100
100
100 (2021 - 100) Ordinary B shares of £1 each shares of £1.00 each
100
100

200

200


 
Page 9