Company registration number 03930284 (England and Wales)
METALTECH PRECISION ENGINEERS LTD
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
METALTECH PRECISION ENGINEERS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
METALTECH PRECISION ENGINEERS LTD
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 1 -
31 December 2023
7 September 2023
Notes
£
£
£
£
Current assets
Debtors
3
3,606
5
Creditors: amounts falling due within one year
4
(3,601)
Net current assets
5
5
Capital and reserves
-
-
Called up share capital
5
5
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 23 August 2024 and are signed on its behalf by:
P. Painter
Director
Company registration number 03930284 (England and Wales)
METALTECH PRECISION ENGINEERS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
Metaltech Precision Engineers Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 4, Diplocks Way, Hailsham, East Sussex, BN27 3JF.
1.1
Reporting period
The accounts have been prepared for the period to 31 December 2023 to bring the accounting reporting date to be in line with other group companies.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Turnover
The company has ceased trading prior to the commencement of this period, and as such has no revenue during the period.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
1.6
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
METALTECH PRECISION ENGINEERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
Period
Period
ended
ended
31 December
7 September
2023
2023
Number
Number
Total
65
3
Debtors
31 December
7 September
2023
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
3,606
5
4
Creditors: amounts falling due within one year
31 December
7 September
2023
2023
£
£
Taxation and social security
3,601
5
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Senior Statutory Auditor:
Leighton Bower
Statutory Auditor:
Rouse Audit LLP