Company Registration No. 08414039 (England and Wales)
Metro Fresh Limited
Unaudited accounts
for the year ended 29 February 2024
Metro Fresh Limited
Statement of financial position
as at 29 February 2024
Tangible assets
35,323
27,097
Cash at bank and in hand
362
10,456
Creditors: amounts falling due within one year
(151,242)
(126,813)
Net current liabilities
(150,880)
(116,357)
Net liabilities
(106,757)
(80,460)
Called up share capital
1,000
1,000
Profit and loss account
(107,757)
(81,460)
Shareholders' funds
(106,757)
(80,460)
For the year ending 29 February 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 8 October 2024 and were signed on its behalf by
Mr Awais Anwar
Director
Company Registration No. 08414039
Metro Fresh Limited
Notes to the Accounts
for the year ended 29 February 2024
Metro Fresh Limited is a private company, limited by shares, registered in England and Wales, registration number 08414039. The registered office is Northern Rail, Railway Station, Boulevard, Blackburn, Lancashire, BB1 1EY, England.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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% Reducing balance
Fixtures & fittings
25% Reducing balance
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Tangible fixed assets
Total
At 29 February 2024
207,638
Charge for the year
11,774
At 29 February 2024
172,315
At 29 February 2024
35,323
At 28 February 2023
27,097
Metro Fresh Limited
Notes to the Accounts
for the year ended 29 February 2024
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Average number of employees
During the year the average number of employees was 3 (2023: 3).