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REGISTERED NUMBER: 12443070 (England and Wales)












Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Met-Sec Limited

Met-Sec Limited (Registered number: 12443070)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Met-Sec Limited

Company Information
for the year ended 29 February 2024







DIRECTORS: S G H Bailey
Mrs M D Bailey
D S Bailey
Ms C Bailey





REGISTERED OFFICE: Unit 4 Lakeside
Calder Island Way
Wakefield
WF2 7AW





REGISTERED NUMBER: 12443070 (England and Wales)





ACCOUNTANTS: Beaumonts
8 Navigation Court
Calder Park
Wakefield
West Yorkshire
WF2 7BJ

Met-Sec Limited (Registered number: 12443070)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 200,051 51

CURRENT ASSETS
Debtors 5 6,368 142,680

CREDITORS
Amounts falling due within one year 6 72,148 540
NET CURRENT (LIABILITIES)/ASSETS (65,780 ) 142,140
TOTAL ASSETS LESS CURRENT
LIABILITIES

134,271

142,191

CREDITORS
Amounts falling due after more than one
year

7

71,680

-
NET ASSETS 62,591 142,191

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 62,491 142,091
62,591 142,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 S Bailey - Director



S G H Bailey - Director


Met-Sec Limited (Registered number: 12443070)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Met-Sec 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.

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.

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 NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2023 51
Additions 200,000
At 29 February 2024 200,051
NET BOOK VALUE
At 29 February 2024 200,051
At 28 February 2023 51

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 6,368 142,680

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other creditors 72,148 540

Met-Sec Limited (Registered number: 12443070)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Other creditors 71,680 -

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
D S Bailey and Ms C Bailey
Balance outstanding at start of year 80,935 -
Amounts advanced 105,411 80,935
Amounts repaid (185,126 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,220 80,935

S G H Bailey and Mrs M D Bailey
Balance outstanding at start of year 61,645 -
Amounts advanced 84,150 61,645
Amounts repaid (134,946 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,849 61,645