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REGISTERED NUMBER: SC467010 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Metron Group Limited

Metron Group Limited (Registered number: SC467010)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

Metron Group Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Hamlin
J D Gill





REGISTERED OFFICE: Office Building 1
Kirkwood Commercial Park
INVERURIE
AB51 5NR





REGISTERED NUMBER: SC467010 (Scotland)





ACCOUNTANTS: Atholl Scott
55-57 West High Street
INVERURIE
AB51 3QQ

Metron Group Limited (Registered number: SC467010)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 239,068 239,109

CURRENT ASSETS
Debtors 5 645,668 766,553
Cash at bank and in hand 249,165 166,939
894,833 933,492
CREDITORS
Amounts falling due within one
year

6

(293,822

)

(251,414

)
NET CURRENT ASSETS 601,011 682,078
TOTAL ASSETS LESS CURRENT
LIABILITIES

840,079

921,187

CREDITORS
Amounts falling due after more
than one year

7

(22,885

)

(54,298

)

PROVISIONS FOR LIABILITIES 9 (43,739 ) (43,259 )
NET ASSETS 773,455 823,630

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 773,445 823,620
SHAREHOLDERS' FUNDS 773,455 823,630

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

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

Metron Group Limited (Registered number: SC467010)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:




M Hamlin - Director



J D Gill - Director


Metron Group Limited (Registered number: SC467010)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Metron Group Limited is a private company, limited by shares , registered in Scotland. 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 represents amounts receivable for goods sold and services rendered during the year, exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Metron Group Limited (Registered number: SC467010)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 29 (2023 - 26 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 309,992 37,520 154,458 105,392 607,362
Additions 50,820 6,516 - 450 57,786
Disposals (741 ) - (41,280 ) - (42,021 )
At 31 March 2024 360,071 44,036 113,178 105,842 623,127
DEPRECIATION
At 1 April 2023 159,641 22,831 96,426 89,355 368,253
Charge for year 30,152 3,179 13,061 5,444 51,836
Eliminated on disposal (539 ) - (35,491 ) - (36,030 )
At 31 March 2024 189,254 26,010 73,996 94,799 384,059
NET BOOK VALUE
At 31 March 2024 170,817 18,026 39,182 11,043 239,068
At 31 March 2023 150,351 14,689 58,032 16,037 239,109

Metron Group Limited (Registered number: SC467010)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 113,178
Transfer to ownership (28,995 )
At 31 March 2024 84,183
DEPRECIATION
At 1 April 2023 60,935
Charge for year 13,061
Transfer to ownership (19,821 )
At 31 March 2024 54,175
NET BOOK VALUE
At 31 March 2024 30,008
At 31 March 2023 52,243

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 486,712 605,950
Directors' loan accounts 5,789 -
Tax recoverable 61,993 82,063
VAT 36,507 35,642
Prepayments 54,667 42,898
645,668 766,553

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8)
21,934

27,169
Trade creditors 80,792 100,753
Tax 1,954 -
PAYE 42,939 36,843
Net salary clearing account 78,115 100
Accrued expenses 58,088 76,549
293,822 251,414

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 2,500 12,570
Hire purchase contracts (see note 8)
10,385

31,728
22,885 54,298

Metron Group Limited (Registered number: SC467010)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 21,934 27,169
Between one and five years 10,385 31,728
32,319 58,897

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Within one year 34,032 34,032

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 43,739 43,259

Deferred
tax
£   
Balance at 1 April 2023 43,259
Utilised during year 480
Balance at 31 March 2024 43,739

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
J D Gill
Balance outstanding at start of year - -
Amounts advanced 5,789 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,789 -

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £120,000 were paid to the directors .

12. ULTIMATE CONTROLLING PARTY

J Gill is the ultimate controlling party by virtue of his 55% shareholding in the company.

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Metron Group 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 Metron Group Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Metron Group 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 Metron Group Limited and state those matters that we have agreed to state to the Board of Directors of Metron Group Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Metron Group 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 Metron Group Limited. You consider that Metron Group 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 Metron Group 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.

As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/publicinterest/memberregulations.






Atholl Scott
55-57 West High Street
INVERURIE
AB51 3QQ


16 September 2024