2022-10-01 08708112 2023-09-30 08708112 2022-10-01 2023-09-30 08708112 2022-09-30 08708112 2021-10-01 2022-09-30 08708112 uk-core:WithinOneYear 2022-09-30 08708112 uk-core:WithinOneYear 2023-09-30 08708112 uk-core:ShareCapital 2023-09-30 08708112 uk-core:ShareCapital 2022-09-30 08708112 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 08708112 uk-core:RetainedEarningsAccumulatedLosses 2022-09-30 08708112 uk-bus:Director1 2022-10-01 2023-09-30 08708112 uk-core:ToolsEquipment 2022-10-01 2023-09-30 08708112 uk-core:WithinOneYear 2023-09-30 08708112 uk-core:WithinOneYear 2022-09-30 iso4217:GBP xbrli:pure 08708112 uk-bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 08708112 uk-bus:FRS102 2022-10-01 2023-09-30 08708112 uk-bus:FilletedAccounts 2022-10-01 2023-09-30 08708112 uk-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30
Metino Europe Limited
Registered Number:08708112
For the year ended 30 September 2023
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
08708112
As at 30 September 2023
Metino Europe Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
10
1,118
2
10
1,118
Current assets
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)
Capital and reserves
Called up share capital
130
130
Retained earnings
(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.
Jonathan Ward Director
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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4
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.
Registered address:
25 Clissold Court
Greenway Close
London
N4 2EZ
The presentation currency is £ sterling.
1. Accounting policies
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 companys 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:
33% Straight line
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.
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5
For the year ended 30 September 2023
Metino Europe Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Computer
equipment
£
Cost or
valuation
At 01 October 2022
10,348
At 30 September 2023
10,348
Provision for depreciation and impairment
At 01 October 2022
9,230
Charge for year
1,108
At 30 September 2023
10,338
At 30 September 2023
Net book value
10
At 30 September 2022
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
£
£
Bank loans and overdraft
19,941
11,799
Taxation and social security
564
1,782
Accruals and deferred income
17,950
17,625
Directors' loan accounts
10
10
Other creditors
2,253
6,145
40,718
37,361
5. Related party transactions
Metino Limited
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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6
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)
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