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Company Registration No. NI632116 (Northern Ireland)
Metadeck Ltd Unaudited accounts for the year ended 30 June 2023
Metadeck Ltd Unaudited accounts Contents
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Metadeck Ltd Company Information for the year ended 30 June 2023
Director
Declan McDonough
Company Number
NI632116 (Northern Ireland)
Registered Office
36 The Meadows Derry BT48 8RJ Northern Ireland
Accountants
Satori Accounting 11 Orchard Business Park Pennyburn Industrial Estate Derry Northern Ireland BT48 0LU
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Metadeck Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,093 
18,792 
Current assets
Inventories
- 
8,205 
Debtors
39,764 
32,862 
Cash at bank and in hand
6,672 
10,644 
46,436 
51,711 
Creditors: amounts falling due within one year
(53,688)
(35,901)
Net current (liabilities)/assets
(7,252)
15,810 
Net assets
5,841 
34,602 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
5,840 
34,601 
Shareholders' funds
5,841 
34,602 
For the year ending 30 June 2023 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 director acknowledges his 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 and authorised for issue on 27 February 2024 and were signed on its behalf by
Declan McDonough Director Company Registration No. NI632116
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Metadeck Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Metadeck Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI632116. The registered office is 36 The Meadows, Derry, BT48 8RJ, Northern Ireland.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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:
Land & buildings
15% Written Down Value
Computer equipment
33% straight line
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Metadeck Ltd Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Land & buildings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
20,460 
7,958 
28,418 
Additions
- 
3,531 
3,531 
At 30 June 2023
20,460 
11,489 
31,949 
Depreciation
At 1 July 2022
3,978 
5,648 
9,626 
Charge for the year
6,820 
2,410 
9,230 
At 30 June 2023
10,798 
8,058 
18,856 
Net book value
At 30 June 2023
9,662 
3,431 
13,093 
At 30 June 2022
16,482 
2,310 
18,792 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,212 
3,240 
Accrued income and prepayments
288 
440 
Other debtors
29,264 
29,182 
39,764 
32,862 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
14,334 
18,333 
VAT
8,730 
7,998 
Trade creditors
1,684 
910 
Taxes and social security
1,513 
7,351 
Other creditors
- 
1,309 
Accruals
2,865 
- 
Deferred income
24,562 
- 
53,688 
35,901 
7
Transactions with related parties
During the year, the following transactions arose between the company and its sole director: - payments to director: £22,850 - personal expenses: £7,765 - company expenses: £1,240 - interest charged on overdrawn balance: £ 707 - dividends declared: £ 30,000 The amount owed by the director at the year-end date was £ 29,264. This is disclosed as "Other debtors" at note 5.
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Metadeck Ltd Notes to the Accounts for the year ended 30 June 2023
8
Average number of employees
During the year the average number of employees was 3 (2022: 4).
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