Registered Number:08708112 |
For the year ended 30 September 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 September 2023
Metino Europe Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Metino Europe Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
10
1,118
2
10
1,118
Trade and other receivables |
142
142
3
634
Cash and cash equivalents |
634
776
776
Trade and other payables: amounts falling due within one |
year |
(37,361)
(40,718)
4
(36,585)
(39,942)
Net current liabilities
Total assets less current liabilities |
(39,932)
(35,467)
(39,932)
Net liabilities
(35,467)
130
130
(40,062)
(35,597)
(39,932)
(35,467)
Shareholders' funds
For the year ended 30 September 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 23 August 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 September 2023
Metino Europe Limited
Notes to the Financial Statements
Statutory Information
Metino Europe Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 08708112. |
25 Clissold Court
Greenway Close
London
N4 2EZ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
After reviewing the company’s forecasts and projections, and having received confirmation from the parent company |
that it will continue to support the company financially, the directors have a reasonable expectation that the company |
has adequate resources to continue in operational existence for the foreseeable future. The company therefore |
continues to adopt the going concern basis of accounting in preparing its financial statements. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. An appropriate amount is included in Turnover for services performed but not yet invoiced at the balance sheet date. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
2 of 4
For the year ended 30 September 2023
Metino Europe Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
10,348
10,348
Provision for depreciation and impairment |
9,230
Charge for year
1,108
10,338
10
1,118
3. Trade and other receivables |
2022
2023
Taxation and social security |
142
142
4. Trade and other payables: amounts falling due within one year |
2022
2023
19,941
11,799
Taxation and social security |
564
1,782
Accruals and deferred income |
17,950
17,625
10
10
2,253
6,145
40,718
37,361
5. Related party transactions |
A company registered in New Zealand, controlled by the spouse of Mr J Ward, a director. |
During the year the company provided services to Metino Limited at fair market rate amounting to £66,366 (2022: |
£85,868). |
The amount oustanding at the balance sheet date was £0 (2022: £0). |
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For the year ended 30 September 2023
Metino Europe Limited
Notes to the Financial Statements Continued
6. Average number of persons employed |
During the year the average number of employees was 2 (2022 : 2)
4 of 4