2023-03-012024-02-292024-02-29false01768761Metrics Engineering Co Limited2024-08-0125620iso4217:GBPxbrli:pure017687612023-03-01017687612024-02-29017687612023-03-012024-02-29017687612022-03-01017687612023-02-28017687612022-03-012023-02-2801768761bus:SmallEntities2023-03-012024-02-2901768761bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2901768761bus:AbridgedAccounts2023-03-012024-02-2901768761bus:PrivateLimitedCompanyLtd2023-03-012024-02-2901768761core:WithinOneYear2024-02-2901768761core:AfterOneYear2024-02-2901768761core:WithinOneYear2023-02-2801768761core:AfterOneYear2023-02-2801768761core:ShareCapital2024-02-2901768761core:SharePremium2024-02-2901768761core:RevaluationReserve2024-02-2901768761core:OtherReservesSubtotal2024-02-2901768761core:RetainedEarningsAccumulatedLosses2024-02-2901768761core:ShareCapital2023-02-2801768761core:SharePremium2023-02-2801768761core:RevaluationReserve2023-02-2801768761core:OtherReservesSubtotal2023-02-2801768761core:RetainedEarningsAccumulatedLosses2023-02-2801768761core:LandBuildings2024-02-2901768761core:PlantMachinery2024-02-2901768761core:Vehicles2024-02-2901768761core:FurnitureFittings2024-02-2901768761core:OfficeEquipment2024-02-2901768761core:NetGoodwill2024-02-2901768761core:IntangibleAssetsOtherThanGoodwill2024-02-2901768761core:ListedExchangeTraded2024-02-2901768761core:UnlistedNon-exchangeTraded2024-02-2901768761core:LandBuildings2023-02-2801768761core:PlantMachinery2023-02-2801768761core:Vehicles2023-02-2801768761core:FurnitureFittings2023-02-2801768761core:OfficeEquipment2023-02-2801768761core:NetGoodwill2023-02-2801768761core:IntangibleAssetsOtherThanGoodwill2023-02-2801768761core:ListedExchangeTraded2023-02-2801768761core:UnlistedNon-exchangeTraded2023-02-2801768761core:LandBuildings2023-03-012024-02-2901768761core:PlantMachinery2023-03-012024-02-2901768761core:Vehicles2023-03-012024-02-2901768761core:FurnitureFittings2023-03-012024-02-2901768761core:OfficeEquipment2023-03-012024-02-2901768761core:NetGoodwill2023-03-012024-02-2901768761core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2901768761core:ListedExchangeTraded2023-03-012024-02-2901768761core:UnlistedNon-exchangeTraded2023-03-012024-02-2901768761core:MoreThanFiveYears2023-03-012024-02-2901768761core:Non-currentFinancialInstruments2024-02-2901768761core:Non-currentFinancialInstruments2023-02-2801768761dpl:CostSales2023-03-012024-02-2901768761dpl:DistributionCosts2023-03-012024-02-2901768761core:LandBuildings2023-03-012024-02-2901768761core:PlantMachinery2023-03-012024-02-2901768761core:Vehicles2023-03-012024-02-2901768761core:FurnitureFittings2023-03-012024-02-2901768761core:OfficeEquipment2023-03-012024-02-2901768761dpl:AdministrativeExpenses2023-03-012024-02-2901768761core:NetGoodwill2023-03-012024-02-2901768761core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2901768761dpl:GroupUndertakings2023-03-012024-02-2901768761dpl:ParticipatingInterests2023-03-012024-02-2901768761dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2901768761core:ListedExchangeTraded2023-03-012024-02-2901768761dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2901768761core:UnlistedNon-exchangeTraded2023-03-012024-02-2901768761dpl:CostSales2022-03-012023-02-2801768761dpl:DistributionCosts2022-03-012023-02-2801768761core:LandBuildings2022-03-012023-02-2801768761core:PlantMachinery2022-03-012023-02-2801768761core:Vehicles2022-03-012023-02-2801768761core:FurnitureFittings2022-03-012023-02-2801768761core:OfficeEquipment2022-03-012023-02-2801768761dpl:AdministrativeExpenses2022-03-012023-02-2801768761core:NetGoodwill2022-03-012023-02-2801768761core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2801768761dpl:GroupUndertakings2022-03-012023-02-2801768761dpl:ParticipatingInterests2022-03-012023-02-2801768761dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2801768761core:ListedExchangeTraded2022-03-012023-02-2801768761dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2801768761core:UnlistedNon-exchangeTraded2022-03-012023-02-2801768761core:NetGoodwill2024-02-2901768761core:IntangibleAssetsOtherThanGoodwill2024-02-2901768761core:LandBuildings2024-02-2901768761core:PlantMachinery2024-02-2901768761core:Vehicles2024-02-2901768761core:FurnitureFittings2024-02-2901768761core:OfficeEquipment2024-02-2901768761core:AfterOneYear2024-02-2901768761core:WithinOneYear2024-02-2901768761core:ListedExchangeTraded2024-02-2901768761core:UnlistedNon-exchangeTraded2024-02-2901768761core:ShareCapital2024-02-2901768761core:SharePremium2024-02-2901768761core:RevaluationReserve2024-02-2901768761core:OtherReservesSubtotal2024-02-2901768761core:RetainedEarningsAccumulatedLosses2024-02-2901768761core:NetGoodwill2023-02-2801768761core:IntangibleAssetsOtherThanGoodwill2023-02-2801768761core:LandBuildings2023-02-2801768761core:PlantMachinery2023-02-2801768761core:Vehicles2023-02-2801768761core:FurnitureFittings2023-02-2801768761core:OfficeEquipment2023-02-2801768761core:AfterOneYear2023-02-2801768761core:WithinOneYear2023-02-2801768761core:L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Metrics Engineering Co Limited

Registered Number
01768761
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

Metrics Engineering Co Limited
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

J M Sandrey
J H Sandrey

Registered Address

107 North Street
Martock
Somerset
TA12 6EJ

Registered Number

01768761 (England and Wales)
Metrics Engineering Co Limited
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3246,365237,499
246,365237,499
Current assets
Stocks175,503188,807
Debtors4236,246247,377
Cash at bank and on hand234,688197,036
646,437633,220
Creditors amounts falling due within one year5(268,634)(276,468)
Net current assets (liabilities)377,803356,752
Total assets less current liabilities624,168594,251
Provisions for liabilities(45,072)(43,006)
Net assets579,096551,245
Capital and reserves
Called up share capital10,21010,210
Other reserves55
Profit and loss account568,881541,030
Shareholders' funds579,096551,245
The financial statements were approved and authorised for issue by the Board of Directors on 1 August 2024, and are signed on its behalf by:
J H Sandrey
Director
J M Sandrey
Director

Registered Company No. 01768761
Metrics Engineering Co Limited
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Plant and machinery 10% and 20% reducing balance Fixtures & Fittings 10% and 20% reducing balance Motor Vehicles 25% reducing balance

Reducing balance (%)
Plant and machinery10
Fixtures and fittings10
Vehicles25
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year1312
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 231,121,761
Additions38,000
At 29 February 241,159,761
Depreciation and impairment
At 01 March 23884,262
Charge for year29,134
At 29 February 24913,396
Net book value
At 29 February 24246,365
At 28 February 23237,499
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables130,528143,546
Amounts owed by associates and joint ventures / participating interests101,285101,285
Prepayments and accrued income4,4332,546
Total236,246247,377
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables123,413126,070
Amounts owed to related parties4,5004,500
Taxation and social security36,25734,177
Other creditors99,031107,500
Accrued liabilities and deferred income5,4334,221
Total268,634276,468
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.