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
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
MET CONNECTIONS LTD
Statement of financial position
as at 30 April 2024
Tangible assets
494,909
284,925
Cash at bank and in hand
203,565
73,268
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)
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
MET CONNECTIONS LTD
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
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 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.
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.
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
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
At 30 April 2024
82,836
412,073
494,909
At 30 April 2023
44,815
240,110
284,925
Amounts falling due within one year
Trade debtors
552,720
58,259
Other debtors
84,337
1,501
6
Creditors: amounts falling due within one year
2024
2023
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
Loans from directors
31,613
30,964
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).