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Company Registration No. 14138616 (England and Wales)
MET CONNECTIONS LTD Unaudited accounts for the year ended 30 April 2024
MET CONNECTIONS LTD Unaudited accounts Contents
Page
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MET CONNECTIONS LTD Company Information for the year ended 30 April 2024
Directors
MCDONAGH, Mitchell Patrick MCDONAGH, Timothy
Company Number
14138616 (England and Wales)
Registered Office
UNIT 2G1 PACKET BOAT LANE TOMO INDUSTRIAL ESTATE UXBRIDGE UB8 2JP ENGLAND
Accountants
Harvest Accountants Ltd 124 City Road London EC1V 2NX
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MET CONNECTIONS LTD Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
494,909 
284,925 
Current assets
Debtors
637,057 
95,089 
Cash at bank and in hand
203,565 
73,268 
840,622 
168,357 
Creditors: amounts falling due within one year
(531,839)
(117,995)
Net current assets
308,783 
50,362 
Total assets less current liabilities
803,692 
335,287 
Creditors: amounts falling due after more than one year
(266,294)
(200,672)
Provisions for liabilities
Deferred tax
(106,251)
(55,718)
Net assets
431,147 
78,897 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
431,146 
78,896 
Shareholders' funds
431,147 
78,897 
For the year ending 30 April 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 28 May 2024 and were signed on its behalf by
MCDONAGH, Timothy Director Company Registration No. 14138616
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MET CONNECTIONS LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
MET CONNECTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 14138616. The registered office is UNIT 2G1 PACKET BOAT LANE, TOMO INDUSTRIAL ESTATE, UXBRIDGE, UB8 2JP, ENGLAND.
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
25% straight line method
Motor vehicles
20% straight line method
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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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MET CONNECTIONS LTD Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
48,282 
257,073 
305,355 
Additions
58,032 
245,790 
303,822 
At 30 April 2024
106,314 
502,863 
609,177 
Depreciation
At 1 May 2023
3,467 
16,963 
20,430 
Charge for the year
20,011 
73,827 
93,838 
At 30 April 2024
23,478 
90,790 
114,268 
Net book value
At 30 April 2024
82,836 
412,073 
494,909 
At 30 April 2023
44,815 
240,110 
284,925 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
35,329 
Trade debtors
552,720 
58,259 
Other debtors
84,337 
1,501 
637,057 
95,089 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
146,219 
- 
Obligations under finance leases and hire purchase contracts
131,283 
44,800 
Trade creditors
81,505 
23,108 
Taxes and social security
103,867 
19,123 
Other creditors
2,352 
- 
Loans from directors
31,613 
30,964 
Accruals
35,000 
- 
531,839 
117,995 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
266,294 
200,672 
8
Average number of employees
During the year the average number of employees was 6 (2023: 2).
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