METALLIC INC LTD

Company Registration Number:
10726188 (England and Wales)

Unaudited abridged accounts for the year ended 29 April 2023

Period of accounts

Start date: 01 May 2022

End date: 29 April 2023

METALLIC INC LTD

Contents of the Financial Statements

for the Period Ended 29 April 2023

Balance sheet
Notes

METALLIC INC LTD

Balance sheet

As at 29 April 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 12,021 7,013
Total fixed assets: 12,021 7,013
Current assets
Debtors:   652,076 257,760
Cash at bank and in hand: 232,136 362,823
Total current assets: 884,212 620,583
Creditors: amounts falling due within one year: 4 (834,052) (624,632)
Net current assets (liabilities): 50,160 (4,049)
Total assets less current liabilities: 62,181 2,964
Creditors: amounts falling due after more than one year: 5 (61,343)
Total net assets (liabilities): 838 2,964
Capital and reserves
Called up share capital: 200 200
Profit and loss account: 638 2,764
Shareholders funds: 838 2,964

The notes form part of these financial statements

METALLIC INC LTD

Balance sheet statements

For the year ending 29 April 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 April 2024
and signed on behalf of the board by:

Name: Grace Ladoja
Status: Director

The notes form part of these financial statements

METALLIC INC LTD

Notes to the Financial Statements

for the Period Ended 29 April 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,over the useful economic life of that asset as follows:Fittings fixtures and equipment - 25% straight line If there is an indication that there has been a significant change in depreciation rate, useful life orresidual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

METALLIC INC LTD

Notes to the Financial Statements

for the Period Ended 29 April 2023

2. Employees

2023 2022
Average number of employees during the period 18 2

METALLIC INC LTD

Notes to the Financial Statements

for the Period Ended 29 April 2023

3. Tangible Assets

Total
Cost £
At 01 May 2022 39,423
Additions 13,506
At 29 April 2023 52,929
Depreciation
At 01 May 2022 32,410
Charge for year 8,498
At 29 April 2023 40,908
Net book value
At 29 April 2023 12,021
At 30 April 2022 7,013

METALLIC INC LTD

Notes to the Financial Statements

for the Period Ended 29 April 2023

4. Creditors: amounts falling due within one year note

Creditors: amounts falling due within one yearBank loans and overdrafts 2023 - £149,202 (2022 - £20,730)Trade creditors 2023 - £263,221 (2022 - £179,115)Corporation tax 2023 - £13,882 (2022 - £473)Social security and other taxes 2023 - £166,622 (2022 - £18,081)Other creditors 2023 - £241,125 (2022 - £406,233)

METALLIC INC LTD

Notes to the Financial Statements

for the Period Ended 29 April 2023

5. Creditors: amounts falling due after more than one year note

Creditors: amounts falling due after more than one yearBank Loans and overdrafts 2023 - £50,000 (2022 - £0)Other Creditors 2023 - £11,343 (2022 - £0)