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REGISTERED NUMBER: 02444360 (England and Wales)















Metnor (Great Yarmouth) Limited

Unaudited Financial Statements

for the year ended

31 December 2023






Metnor (Great Yarmouth) Limited (Registered number: 02444360)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4

Chartered Accountants' Report 5

Metnor (Great Yarmouth) Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: K Brooks
Miss J Rankin





REGISTERED OFFICE: Edison Way, Off Morton Peto Road
Gapton Hall Ind. Estate
Great Yarmouth
Norfolk
NR31 0NG





REGISTERED NUMBER: 02444360 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Englands Lane Business Centre
47 Englands Lane
Gorleston
Great Yarmouth
Norfolk
NR31 6BE

Metnor (Great Yarmouth) Limited (Registered number: 02444360)

Balance Sheet
31 December 2023

2023 2022
as restated
Notes £    £   
FIXED ASSETS
Tangible assets 5 155,554 239,348

CURRENT ASSETS
Stocks 414,383 383,987
Debtors 6 1,555,877 1,671,187
Cash at bank and in hand 2,053,381 833,872
4,023,641 2,889,046
CREDITORS
Amounts falling due within one year 7 (781,506 ) (733,590 )
NET CURRENT ASSETS 3,242,135 2,155,456
TOTAL ASSETS LESS CURRENT LIABILITIES 3,397,689 2,394,804

PROVISIONS FOR LIABILITIES (38,889 ) (19,330 )
NET ASSETS 3,358,800 2,375,474

CAPITAL AND RESERVES
Called up share capital 8 50,000 50,000
Retained earnings 3,308,800 2,325,474
SHAREHOLDERS' FUNDS 3,358,800 2,375,474

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 26 April 2024 and were signed on its behalf by:





K Brooks - Director


Metnor (Great Yarmouth) Limited (Registered number: 02444360)

Notes to the Financial Statements
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Metnor (Great Yarmouth) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% straight line
Plant and machinery - 33.33% straight line
Fixtures and fittings - 33.33% straight line
Motor vehicles - 33.33% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 22 ) .

Metnor (Great Yarmouth) Limited (Registered number: 02444360)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 318,961 2,621,723 190,310 88,252 3,219,246
Additions - 3,838 - - 3,838
At 31 December 2023 318,961 2,625,561 190,310 88,252 3,223,084
DEPRECIATION
At 1 January 2023 181,353 2,553,813 182,677 62,055 2,979,898
Charge for year 12,759 53,311 3,844 17,718 87,632
At 31 December 2023 194,112 2,607,124 186,521 79,773 3,067,530
NET BOOK VALUE
At 31 December 2023 124,849 18,437 3,789 8,479 155,554
At 31 December 2022 137,608 67,910 7,633 26,197 239,348

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 1,542,084 1,642,719
Amounts owed by group undertakings 322 -
Other debtors 13,471 28,468
1,555,877 1,671,187

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade creditors 129,262 190,153
Taxation and social security 638,424 320,620
Other creditors 13,820 222,817
781,506 733,590

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: as restated
£    £   
50,000 Ordinary Shares 1 50,000 50,000

9. ULTIMATE CONTROLLING PARTY

The Company is a subsidiary undertaking of Rosco Property Group Limited. The ultimate controlling party is S and Mrs K Rankin.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Metnor (Great Yarmouth) Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Metnor (Great Yarmouth) Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Metnor (Great Yarmouth) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Metnor (Great Yarmouth) Limited and state those matters that we have agreed to state to the Board of Directors of Metnor (Great Yarmouth) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Metnor (Great Yarmouth) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Metnor (Great Yarmouth) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Metnor (Great Yarmouth) Limited. You consider that Metnor (Great Yarmouth) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Metnor (Great Yarmouth) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
Chartered Accountants
Englands Lane Business Centre
47 Englands Lane
Gorleston
Great Yarmouth
Norfolk
NR31 6BE


26 April 2024