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REGISTERED NUMBER: 05303452 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Metice Development Solutions Limited

Metice Development Solutions Limited (Registered number: 05303452)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Metice Development Solutions Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: D P Greenwood
Mrs C Greenwood





SECRETARY: Mrs C Greenwood





REGISTERED OFFICE: Moors House
11 South Hawksworth Steet
Ilkley
West Yorkshire
LS9 9DX





REGISTERED NUMBER: 05303452 (England and Wales)





ACCOUNTANTS: DWilkinson&Company
Moors House
11 South Hawksworth Street
Ilkley
West Yorkshire
LS29 9DX

Metice Development Solutions Limited (Registered number: 05303452)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 1,196 1,407
1,197 1,408

CURRENT ASSETS
Debtors 6 19,094 45,462
Cash at bank 19,874 5,046
38,968 50,508
CREDITORS
Amounts falling due within one year 7 13,851 18,327
NET CURRENT ASSETS 25,117 32,181
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,314

33,589

CREDITORS
Amounts falling due after more than
one year

8

(25,465

)

(30,000

)

PROVISIONS FOR LIABILITIES 9 (8 ) (19 )
NET ASSETS 841 3,570

Metice Development Solutions Limited (Registered number: 05303452)

Balance Sheet - continued
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 134 134
Retained earnings 707 3,436
SHAREHOLDERS' FUNDS 841 3,570

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by:





D P Greenwood - Director


Metice Development Solutions Limited (Registered number: 05303452)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Metice Development Solutions 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Metice Development Solutions Limited (Registered number: 05303452)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 43,740
AMORTISATION
At 1 December 2022
and 30 November 2023 43,739
NET BOOK VALUE
At 30 November 2023 1
At 30 November 2022 1

Metice Development Solutions Limited (Registered number: 05303452)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 17,059 1,781 18,840
DEPRECIATION
At 1 December 2022 15,653 1,780 17,433
Charge for year 211 - 211
At 30 November 2023 15,864 1,780 17,644
NET BOOK VALUE
At 30 November 2023 1,195 1 1,196
At 30 November 2022 1,406 1 1,407

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 2,160 1,100
Directors' current accounts 16,934 44,362
19,094 45,462

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,250 1,251
Tax 933 5,390
Accrued expenses 1,668 1,686
13,851 18,327

Directors loans are interest free and repayable on demand.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans - 2-5 years 25,465 30,000

Metice Development Solutions Limited (Registered number: 05303452)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 8 19

Deferred
tax
£   
Balance at 1 December 2022 19
Accelerated capital allowances (11 )
Balance at 30 November 2023 8

The entire provision of deferred tax is relating to accelerated capital allowance.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary Shares £1.00 100 100
34 Class A Shares £1.00 34 34
134 134