Metroclean ( UK ) Ltd |
Notes to the Accounts |
for the year ended 28 February 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Plant and machinery |
over 5 years |
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Fixtures, fittings, tools and equipment |
over 5 years |
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Stocks |
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Stocks are measured at the lower of cost and net realiseable value. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Tangible fixed assets |
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Plant and machinery |
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Motor vehicles |
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Total |
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Cost |
£ |
£ |
£ |
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At 1 March 2022 |
31,667 |
|
17,754 |
|
49,421 |
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Additions |
1,669 |
|
- |
|
1,669 |
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At 28 February 2023 |
33,336 |
|
17,754 |
|
51,090 |
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Depreciation |
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At 1 March 2022 |
26,893 |
|
12,421 |
|
39,314 |
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Charge for the year |
741 |
|
800 |
|
1,541 |
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At 28 February 2023 |
27,634 |
|
13,221 |
|
40,855 |
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Net book value |
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At 28 February 2023 |
5,702 |
|
4,533 |
|
10,235 |
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At 28 February 2022 |
4,774 |
|
5,333 |
|
10,107 |
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4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
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Other debtors |
271 |
|
336 |
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5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
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Bank loans and overdrafts |
- |
|
2,686 |
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Obligations under finance lease and hire purchase contracts |
- |
|
2,528 |
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Trade creditors |
780 |
|
1,722 |
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Corporation tax |
1,548 |
|
(666) |
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Other taxes and social security costs |
109 |
|
109 |
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Other creditors |
8,438 |
|
11,032 |
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10,875 |
|
17,411 |
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6 |
Controlling party |
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The company is controlled by the director who owns the entire issued share capital. |
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7 |
Other information |
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Metroclean ( UK ) Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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4 Canter Close |
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Liverpool |
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Merseyside |
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L9 9JE |