Registered number
07084395
MettaCare Ltd
Unaudited Filleted Accounts
30 November 2023
MettaCare Ltd
Registered number: 07084395
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 14,092 16,076
Tangible assets 4 25,573 35,371
39,665 51,447
Current assets
Debtors 5 218,631 204,413
Cash at bank and in hand 245,575 118,683
464,206 323,096
Creditors: amounts falling due within one year 6 (262,914) (232,266)
Net current assets 201,292 90,830
Total assets less current liabilities 240,957 142,277
Provisions for liabilities (7,112) (8,843)
Net assets 233,845 133,434
Capital and reserves
Called up share capital 100 100
Profit and loss account 233,745 133,334
Shareholders' funds 233,845 133,434
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr C J Carter
Director
Approved by the board on 26 February 2024
MettaCare Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
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:
Office equipment and furniture 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 121 118
3 Intangible fixed assets £
Franchise licence fee:
Cost
At 1 December 2022 39,685
At 30 November 2023 39,685
Amortisation
At 1 December 2022 23,609
Provided during the year 1,984
At 30 November 2023 25,593
Net book value
At 30 November 2023 14,092
At 30 November 2022 16,076
The Franchise licence fee is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 105,828
Additions 2,563
Disposals (45,030)
At 30 November 2023 63,361
Depreciation
At 1 December 2022 70,457
Charge for the year 8,527
On disposals (41,196)
At 30 November 2023 37,788
Net book value
At 30 November 2023 25,573
At 30 November 2022 35,371
5 Debtors 2023 2022
£ £
Trade debtors 206,165 188,995
Other debtors 12,466 15,418
218,631 204,413
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 27,358 23,473
Taxation and social security costs 87,283 53,857
Other creditors 148,273 154,936
262,914 232,266
7 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 31,220 31,220
8 Other information
MettaCare Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 7 Diamond House
Vulcan Road North
Norwich
NR6 6AQ
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