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REGISTERED NUMBER: 05960144 (England and Wales)






























Financial Statements

for the Year Ended 31 March 2023

for

Market Mettle Limited

Market Mettle Limited (Registered number: 05960144)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Market Mettle Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: T W Lamb
A J Birkhead





SECRETARY: M Walji





REGISTERED OFFICE: 336 Pinner Road
Harrow
Middlesex
HA1 4LB





REGISTERED NUMBER: 05960144 (England and Wales)





ACCOUNTANTS: Walji & Associates
336 Pinner Road
Harrow
HA1 4LB

Market Mettle Limited (Registered number: 05960144)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 791 949
Tangible assets 5 10,575 18,299
11,366 19,248

CURRENT ASSETS
Debtors 6 196,514 338,312
Cash at bank 191,217 260,418
387,731 598,730
CREDITORS
Amounts falling due within one year 7 120,953 159,264
NET CURRENT ASSETS 266,778 439,466
TOTAL ASSETS LESS CURRENT
LIABILITIES

278,144

458,714

CREDITORS
Amounts falling due after more than one year 8 (93,242 ) (114,545 )

ACCRUALS AND DEFERRED INCOME (39,237 ) (112,640 )
NET ASSETS 145,665 231,529

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 144,665 230,529
SHAREHOLDERS' FUNDS 145,665 231,529

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

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

The directors acknowledge their 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.

Market Mettle Limited (Registered number: 05960144)

Balance Sheet - continued
31 March 2023


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 Board of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by:





T W Lamb - Director


Market Mettle Limited (Registered number: 05960144)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Market Mettle Limited 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Market Mettle Limited (Registered number: 05960144)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 3,163
AMORTISATION
At 1 April 2022 2,214
Charge for year 158
At 31 March 2023 2,372
NET BOOK VALUE
At 31 March 2023 791
At 31 March 2022 949

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 49,570
Additions 1,583
At 31 March 2023 51,153
DEPRECIATION
At 1 April 2022 31,271
Charge for year 9,307
At 31 March 2023 40,578
NET BOOK VALUE
At 31 March 2023 10,575
At 31 March 2022 18,299

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 176,119 311,349
Other debtors 20,395 26,963
196,514 338,312

Market Mettle Limited (Registered number: 05960144)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 45,151 16,539
Taxation and social security 67,689 130,016
Other creditors 8,113 12,709
120,953 159,264

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 93,242 114,545

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
500 Ordinary A 1 500 500
500 Ordinary B 1 500 500
1,000 1,000