IRIS Accounts Production v24.1.9.2 08546297 Board of Directors Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085462972023-05-31085462972024-05-31085462972023-06-012024-05-31085462972022-05-31085462972022-06-012023-05-31085462972023-05-3108546297ns15:EnglandWales2023-06-012024-05-3108546297ns14:PoundSterling2023-06-012024-05-3108546297ns10:Director12023-06-012024-05-3108546297ns10:Director22023-06-012024-05-3108546297ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3108546297ns10:SmallEntities2023-06-012024-05-3108546297ns10:AuditExemptWithAccountantsReport2023-06-012024-05-3108546297ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3108546297ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3108546297ns10:FullAccounts2023-06-012024-05-3108546297ns10:Director32023-06-012024-05-3108546297ns10:RegisteredOffice2023-06-012024-05-3108546297ns5:CurrentFinancialInstruments2024-05-3108546297ns5:CurrentFinancialInstruments2023-05-3108546297ns5:Non-currentFinancialInstruments2024-05-3108546297ns5:Non-currentFinancialInstruments2023-05-3108546297ns5:ShareCapital2024-05-3108546297ns5:ShareCapital2023-05-3108546297ns5:RetainedEarningsAccumulatedLosses2024-05-3108546297ns5:RetainedEarningsAccumulatedLosses2023-05-3108546297ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-06-012024-05-3108546297ns5:FurnitureFittings2023-06-012024-05-3108546297ns5:MotorVehicles2023-06-012024-05-3108546297ns5:ComputerEquipment2023-06-012024-05-3108546297ns5:LandBuildings2023-05-3108546297ns5:FurnitureFittings2023-05-3108546297ns5:MotorVehicles2023-05-3108546297ns5:ComputerEquipment2023-05-3108546297ns5:LandBuildings2023-06-012024-05-3108546297ns5:LandBuildings2024-05-3108546297ns5:FurnitureFittings2024-05-3108546297ns5:MotorVehicles2024-05-3108546297ns5:ComputerEquipment2024-05-3108546297ns5:LandBuildings2023-05-3108546297ns5:FurnitureFittings2023-05-3108546297ns5:MotorVehicles2023-05-3108546297ns5:ComputerEquipment2023-05-3108546297ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3108546297ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3108546297ns5:Secured2024-05-3108546297ns5:Secured2023-05-31
REGISTERED NUMBER: 08546297 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Metropolitan Agency Limited

Metropolitan Agency Limited (Registered number: 08546297)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

Metropolitan Agency Limited

Company Information
for the year ended 31 May 2024







DIRECTORS: S Bailey
D S Bailey
Ms C Bailey





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





REGISTERED NUMBER: 08546297 (England and Wales)





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

Metropolitan Agency Limited (Registered number: 08546297)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 685,968 583,259

CURRENT ASSETS
Debtors 5 481,375 732,295
Cash at bank 109,539 89,149
590,914 821,444
CREDITORS
Amounts falling due within one year 6 410,720 658,463
NET CURRENT ASSETS 180,194 162,981
TOTAL ASSETS LESS CURRENT
LIABILITIES

866,162

746,240

CREDITORS
Amounts falling due after more than one
year

7

(132,656

)

(150,230

)

PROVISIONS FOR LIABILITIES (114,920 ) (85,819 )
NET ASSETS 618,586 510,191

CAPITAL AND RESERVES
Called up share capital 125 125
Retained earnings 618,461 510,066
618,586 510,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

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

Metropolitan Agency Limited (Registered number: 08546297)

Balance Sheet - continued
31 May 2024


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 21 August 2024 and were signed on its behalf by:




D S Bailey - Director



S Bailey - Director


Metropolitan Agency Limited (Registered number: 08546297)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Metropolitan Agency 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.

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 - 2% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

Metropolitan Agency Limited (Registered number: 08546297)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 201,681 80,990 42,533 588,652 913,856
Additions - 328 36,540 343,240 380,108
Disposals - - (36,533 ) - (36,533 )
At 31 May 2024 201,681 81,318 42,540 931,892 1,257,431
DEPRECIATION
At 1 June 2023 4,034 80,528 6,258 239,777 330,597
Charge for year 4,033 352 13,019 231,961 249,365
Eliminated on disposal - - (8,499 ) - (8,499 )
At 31 May 2024 8,067 80,880 10,778 471,738 571,463
NET BOOK VALUE
At 31 May 2024 193,614 438 31,762 460,154 685,968
At 31 May 2023 197,647 462 36,275 348,875 583,259

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 455,507 722,770
Other debtors 25,868 9,525
481,375 732,295

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,106 9,798
Hire purchase contracts - 10,313
Trade creditors 58,575 377,536
Taxation and social security 243,887 226,204
Other creditors 98,152 34,612
410,720 658,463

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 10,536 20,796
Other creditors 122,120 129,434
132,656 150,230

Amounts falling due in more than five years:

Repayable by instalments
Mortgage 122,120 129,434

Metropolitan Agency Limited (Registered number: 08546297)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 20,642 30,594
Hire purchase contracts - 10,313
20,642 40,907

9. OTHER FINANCIAL COMMITMENTS

The total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £nil (2023 - £8,980).

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Metropolitan Agency 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 Metropolitan Agency Limited for the year ended 31 May 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 Metropolitan Agency 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 Metropolitan Agency Limited and state those matters that we have agreed to state to the Board of Directors of Metropolitan Agency 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 Metropolitan Agency Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Metropolitan Agency 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 Metropolitan Agency Limited. You consider that Metropolitan Agency 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 Metropolitan Agency 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.






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


21 August 2024