Company Registration No. 11113080 (England and Wales)
Metis Law Limited
Unaudited accounts
for the period from 1 September 2021 to 31 October 2021
Metis Law Limited
Unaudited accounts
Contents
Metis Law Limited
Company Information
for the period from 1 September 2021 to 31 October 2021
Directors
R K Sharma
J M Barker
Company Number
11113080 (England and Wales)
Registered Office
84 Albion Street
Leeds
LS1 6AD
Metis Law Limited
Statement of financial position
as at 31 October 2021
Intangible assets
390,000
400,000
Tangible assets
71,651
76,764
Cash at bank and in hand
368,751
643,962
Creditors: amounts falling due within one year
(877,647)
(853,900)
Net current (liabilities)/assets
(417,540)
257,158
Total assets less current liabilities
44,111
733,922
Creditors: amounts falling due after more than one year
(491,206)
(514,058)
Provisions for liabilities
Other provisions
(17,000)
(19,500)
Net (liabilities)/assets
(464,095)
200,364
Called up share capital
2
2
Capital redemption reserve
7
7
Profit and loss account
(464,104)
200,355
Shareholders' funds
(464,095)
200,364
For the period ending 31 October 2021 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 17 November 2023 and were signed on its behalf by
R K Sharma
Director
Company Registration No. 11113080
Metis Law Limited
Notes to the Accounts
for the period from 1 September 2021 to 31 October 2021
Metis Law Limited is a private company, limited by shares, registered in England and Wales, registration number 11113080. The registered office is 84 Albion Street, Leeds, LS1 6AD.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 September 2021
600,000
At 31 October 2021
600,000
At 1 September 2021
200,000
Charge for the period
10,000
At 31 October 2021
210,000
At 31 October 2021
390,000
Metis Law Limited
Notes to the Accounts
for the period from 1 September 2021 to 31 October 2021
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2021
117,800
8,164
125,964
At 31 October 2021
117,800
8,164
125,964
At 1 September 2021
45,882
3,318
49,200
Charge for the period
4,908
205
5,113
At 31 October 2021
50,790
3,523
54,313
At 31 October 2021
67,010
4,641
71,651
At 31 August 2021
71,918
4,846
76,764
6
Debtors
31/10/2021
31/08/2021
Amounts falling due within one year
Trade debtors
62,440
192,960
Accrued income and prepayments
21,858
30,862
Other debtors
7,058
243,274
7
Creditors: amounts falling due within one year
31/10/2021
31/08/2021
Bank loans and overdrafts
160,908
197,836
Obligations under finance leases and hire purchase contracts
19,678
19,678
Trade creditors
849
11,031
Taxes and social security
143,862
274,110
Other creditors
319,386
84,386
8
Creditors: amounts falling due after more than one year
31/10/2021
31/08/2021
Bank loans
434,910
451,289
Obligations under finance leases and hire purchase contracts
56,296
59,576
9
Average number of employees
During the period the average number of employees was 14 (31/08/2021: 19).