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Registered Number: 10527875
England and Wales

 

 

 

METRO FOOD & WINE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 4 16,389    16,389 
16,389    16,389 
Current assets      
Stocks 23,465    22,375 
Debtors: amounts falling due within one year 2,340    2,218 
Cash at bank and in hand 3,454    6,677 
29,259    31,270 
Creditors: amount falling due within one year (2,916)   (3,817)
Net current assets 26,343    27,453 
 
Total assets less current liabilities 42,732    43,842 
Creditors: amount falling due after more than one year (20,360)   (27,701)
Net assets 22,372    16,141 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 22,371    16,140 
Shareholders' funds 22,372    16,141 
 


For the accounting year the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 18 September 2024 and were signed by:


-------------------------------
Masum Ahmed
Director
1
General Information
METRO FOOD & WINE LIMITED is a private company, limited by shares , registered in England and Wales, registration number 10527875 , registration address Ground Floor,, 48 White Horse Road, London, E1 0ND.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Cost of sales
Cost of sales comprises the value of goods and services purchased by the company, net of Value Added Tax and trade discounts as applicable. 
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
The tax charged on the profit on ordinary activities using applicable standard taxation provisions in use.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Staff Costs

2023
£
  2022
£
Wages and salaries 10,762    23,379 
10,762    23,379 
 
Average number of employees during the year Number   Number
Administration 1    1 
Sales 1    1 
 

3.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
4.

Tangible fixed assets

Cost or valuation Improvements to property   Total
  £   £
At 01 January 2023 16,389    16,389 
Additions  
Disposals  
At 31 December 2023 16,389    16,389 
Depreciation
At 01 January 2023  
Charge for year  
On disposals  
At 31 December 2023  
Net book values
Closing balance as at 31 December 2023 16,389    16,389 
Opening balance as at 01 January 2023 16,389    16,389 

The net book value of Improvements to property includes £ 16,389 (2022 £16,389) in respect of assets leased under finance leases or hire purchase contracts.

2