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COMPANY REGISTRATION NUMBER: 04708019
Metal Fusion Technology Limited
Filleted Unaudited Financial Statements
31 March 2023
Metal Fusion Technology Limited
Statement of Financial Position
31 March 2023
2023
2022
£
£
£
Fixed assets
4,574
6,099
------
------
Current assets
371,093
236,216
Prepayments and accrued income
4,719
4,670
--------
--------
375,812
240,886
Creditors: amounts falling due within one year
135,514
85,873
--------
--------
Net current assets
240,298
155,013
--------
--------
Total assets less current liabilities
244,872
161,112
Accruals and deferred income
3,459
53,892
--------
--------
241,413
107,220
--------
--------
Capital and reserves
241,413
107,220
--------
--------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2022: 6 ).
2. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr P Beetlestone
( 2,350)
1,347
( 1,003)
Mr J Beetlestone
( 2,351)
1,347
( 1,004)
------
------
------
( 4,701)
2,694
( 2,007)
------
------
------
2022
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr P Beetlestone
( 42)
( 2,309)
(2,351)
Mr J Beetlestone
( 41)
( 2,309)
(2,350)
----
------
------
( 83)
( 4,618)
( 4,701)
----
------
------
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 19 July 2023 , and are signed on behalf of the board by:
Mr P Beetlestone
Mr J Beetlestone
Director
Director
Company registration number: 04708019
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 217 Long Lane, Halesowen, West Midlands, B62 9JT.