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Registered number: 14055506

Mets Garage Ltd

ACCOUNTS
FOR THE 376 DAY PERIOD ENDED 30/04/2023

Prepared By:
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

Mets Garage Ltd

ACCOUNTS
FOR THE 376 DAY PERIOD ENDED 30/04/2023
DIRECTORS
Monika Anderson
REGISTERED OFFICE
Unit 4b Eden Place, Outgang Lane
Dinnington
Sheffield
S25 3QY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 14055506
ACCOUNTANTS
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

Mets Garage Ltd

ACCOUNTS
FOR THE376 DAY PERIODENDED30/04/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Mets Garage Ltd

BALANCE SHEET AT 30/04/2023
2023
Notes£
FIXED ASSETS
Tangible assets316,460
CURRENT ASSETS
Stock27,332
Debtors515,781
Cash at bank and in hand1,091
44,204
CREDITORS: Amounts falling due within one year6118,008
NET CURRENT LIABILITIES(73,804)
TOTAL ASSETS LESS CURRENT LIABILITIES(57,344)
CAPITAL AND RESERVES
Profit and loss account(57,344)
SHAREHOLDERS' FUNDS(57,344)
For the year ending 30/04/2023 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 19/01/2024 and signed on their behalf by
.............................
Monika Anderson
Director

Mets Garage Ltd

NOTES TO THE ACCOUNTS
FOR THE 376 DAY PERIOD ENDED 30/04/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 15%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 33%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
2023
No.No.
Average number of employees10

Mets Garage Ltd

3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsEquipmentMotor CarsTotal
£££££
Cost
Additions7,9865,8204025,94120,149
At 30/04/20237,9865,8204025,94120,149
Depreciation
For the 376 day period1,1988731331,4853,689
At 30/04/20231,1988731331,4853,689
Net Book Amounts
At 30/04/20236,7884,9472694,45616,460
4. STOCK 2023
£
Stock comprises:
Stock27,332
27,332
5. DEBTORS 2023
£
Amounts falling due within one year
Trade debtors15,781
15,781
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
VAT26,445
PAYE control21,940
Credit card6,688
Trade creditors62,454
Pension schemes481
118,008