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Company Registration No. 03634858 (England and Wales)
Pro-METS Ltd Unaudited accounts for the year ended 31 March 2024
Pro-METS Ltd Unaudited accounts Contents
Page
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Pro-METS Ltd Company Information for the year ended 31 March 2024
Directors
Mr M J Cracknell Mr I W Mansfield
Secretary
Mr M J Cracknell
Company Number
03634858 (England and Wales)
Registered Office
Brunel Court 122 Fore Street Saltash Cornwall PL12 6JW
Accountants
Blackwell Bate Ltd Brunel Court 122 Fore Street Saltash Cornwall PL12 6JW
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Pro-METS Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
38,919 
29,192 
Current assets
Inventories
5,000 
5,000 
Debtors
50,261 
61,106 
Cash at bank and in hand
19,597 
43,296 
74,858 
109,402 
Creditors: amounts falling due within one year
(64,238)
(77,621)
Net current assets
10,620 
31,781 
Total assets less current liabilities
49,539 
60,973 
Creditors: amounts falling due after more than one year
(13,333)
(23,333)
Net assets
36,206 
37,640 
Capital and reserves
Called up share capital
66 
66 
Capital redemption reserve
34 
34 
Profit and loss account
36,106 
37,540 
Shareholders' funds
36,206 
37,640 
For the year ending 31 March 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by
Mr I W Mansfield Director Company Registration No. 03634858
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Pro-METS Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Pro-METS Ltd is a private company, limited by shares, registered in England and Wales, registration number 03634858. The registered office is Brunel Court, 122 Fore Street, Saltash , Cornwall, PL12 6JW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
15% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
15% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Pro-METS Ltd Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
60,000 
At 31 March 2024
60,000 
Amortisation
At 1 April 2023
60,000 
At 31 March 2024
60,000 
Net book value
At 31 March 2024
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
5,954 
31,318 
6,449 
15,428 
59,149 
Additions
- 
13,280 
- 
1,073 
14,353 
At 31 March 2024
5,954 
44,598 
6,449 
16,501 
73,502 
Depreciation
At 1 April 2023
4,951 
8,745 
5,386 
10,875 
29,957 
Charge for the year
151 
3,552 
159 
764 
4,626 
At 31 March 2024
5,102 
12,297 
5,545 
11,639 
34,583 
Net book value
At 31 March 2024
852 
32,301 
904 
4,862 
38,919 
At 31 March 2023
1,003 
22,573 
1,063 
4,553 
29,192 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
40,058 
49,331 
Deferred tax asset
5,036 
4,226 
Accrued income and prepayments
1,917 
1,691 
Other debtors
3,250 
5,858 
50,261 
61,106 
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Pro-METS Ltd Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
14,771 
13,436 
Trade creditors
6,766 
24,227 
Taxes and social security
28,831 
22,082 
Other creditors
1,116 
7,876 
Loans from directors
2,754 
- 
64,238 
77,621 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,333 
23,333 
9
Average number of employees
During the year the average number of employees was 7 (2023: 8).
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