Company Registration No. 13894741 (England and Wales)
Metalytics Limited
Unaudited accounts
for the year ended 29 February 2024
Metalytics Limited
Unaudited accounts
Contents
Metalytics Limited
Company Information
for the year ended 29 February 2024
Company Number
13894741 (England and Wales)
Registered Office
FLAT 10 ANTILLES BAY APARTMENTS
3 LAWN HOUSE CLOSE
LONDON
E14 9YG
ENGLAND
Accountants
Townley & Co Limited
Warrington Business Centre
67 Bewsey Street
Warrington
WA2 7JQ
Metalytics Limited
Statement of financial position
as at 29 February 2024
Tangible assets
3,220
2,783
Cash at bank and in hand
470
6,003
Creditors: amounts falling due within one year
(1,696)
(5,469)
Net current (liabilities)/assets
(1,226)
957
Called up share capital
1
1
Profit and loss account
1,993
3,739
Shareholders' funds
1,994
3,740
For the year ending 29 February 2024 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 5 April 2024 and were signed on its behalf by
Mr Gaurav Tiwari
Director
Company Registration No. 13894741
Metalytics Limited
Notes to the Accounts
for the year ended 29 February 2024
Metalytics Limited is a private company, limited by shares, registered in England and Wales, registration number 13894741. The registered office is FLAT 10 ANTILLES BAY APARTMENTS, 3 LAWN HOUSE CLOSE, LONDON, E14 9YG, ENGLAND.
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 year, 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:
Plant & machinery
25% reduced balance method
Fixtures & fittings
25% reduced balance method
Computer equipment
33% straigh line method
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
1,889
150
1,670
3,709
At 29 February 2024
3,288
150
1,670
5,108
At 1 March 2023
472
37
417
926
Charge for the year
383
28
551
962
At 29 February 2024
855
65
968
1,888
At 29 February 2024
2,433
85
702
3,220
At 28 February 2023
1,417
113
1,253
2,783
Amounts falling due after more than one year
Metalytics Limited
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
438
Loans from directors
796
4,131
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).