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REGISTERED NUMBER: 12167825 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

METASONIXX LTD

METASONIXX LTD (REGISTERED NUMBER: 12167825)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


METASONIXX LTD

COMPANY INFORMATION
for the year ended 31 August 2023







DIRECTOR: G Memoli





REGISTERED OFFICE: 3rd Floor
Suite 207
Regent Street
London
W1B 3HH





REGISTERED NUMBER: 12167825 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

METASONIXX LTD (REGISTERED NUMBER: 12167825)

BALANCE SHEET
31 August 2023

31.8.23 31.8.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 30,566 26,566

CURRENT ASSETS
Debtors 5 25,111 45,336
Cash at bank 87 23,673
25,198 69,009
CREDITORS
Amounts falling due within one year 6 (59,651 ) (5,181 )
NET CURRENT (LIABILITIES)/ASSETS (34,453 ) 63,828
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,887

)

90,394

CAPITAL AND RESERVES
Called up share capital 7 120,100 110,060
Share premium 1,659 1,659
Retained earnings (125,646 ) (21,325 )
SHAREHOLDERS' FUNDS (3,887 ) 90,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 March 2024 and were signed by:





G Memoli - Director


METASONIXX LTD (REGISTERED NUMBER: 12167825)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2023

1. STATUTORY INFORMATION

Metasonixx Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover from the provision of engineering research and design services is recognised as contract activity progresses.

Grant income is recognised at the point where the company becomes eligible to receive the funding as per the UKRI finance agreement.

Intangible assets
Intangible assets are measured on a cost basis.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The director has a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future and this opinion has not been altered by the effects of COVID-19. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

METASONIXX LTD (REGISTERED NUMBER: 12167825)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 September 2022 26,566
Additions 4,000
At 31 August 2023 30,566
NET BOOK VALUE
At 31 August 2023 30,566
At 31 August 2022 26,566

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 2,400 22,681
Other debtors 22,711 22,655
25,111 45,336

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 3 -
Trade creditors 44,511 347
Taxation and social security 2,521 1,409
Other creditors 12,616 3,425
59,651 5,181

7. CALLED UP SHARE CAPITAL

Number: Class: Nominal 2023 2022
Value: £    £   
9,270 Ordinary £0.01 93 93
730 Non founder company shares £0.01 7 7
505 Ordinary £40 £40.00 20,200 20,200
1,115 Ordinary £76 £76.00 84,740 84,740
120 Ordinary £125 £125.50 15,060 5,020
------------ ------------
120,100 110,060
------------ ------------

80 Ordinary £125 shares if £125.50 each were allotted and fully paid for cash at par during the period.