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REGISTERED NUMBER: 09956153 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JANUARY 2024

FOR

METCALFE TECHNOLOGIES LIMITED

METCALFE TECHNOLOGIES LIMITED (REGISTERED NUMBER: 09956153)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


METCALFE TECHNOLOGIES LIMITED

COMPANY INFORMATION
For The Year Ended 30 January 2024







DIRECTOR: Mr J P Metcalfe





REGISTERED OFFICE: Equinox House
Clifton Park Avenue
Shipton Road
York
North Yorkshire
YO30 5PA





REGISTERED NUMBER: 09956153 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

METCALFE TECHNOLOGIES LIMITED (REGISTERED NUMBER: 09956153)

BALANCE SHEET
30 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,391 35,816
Investments 5 3,794 2,645
31,185 38,461

CURRENT ASSETS
Stocks 40,000 27,100
Debtors 6 4,558 16,650
Cash at bank 23,691 36,227
68,249 79,977
CREDITORS
Amounts falling due within one year 7 43,591 48,013
NET CURRENT ASSETS 24,658 31,964
TOTAL ASSETS LESS CURRENT LIABILITIES 55,843 70,425

CREDITORS
Amounts falling due after more than
one year

8

(30,390

)

(42,333

)

PROVISIONS FOR LIABILITIES (6,848 ) (6,805 )
NET ASSETS 18,605 21,287

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 18,505 21,187
SHAREHOLDERS' FUNDS 18,605 21,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

METCALFE TECHNOLOGIES LIMITED (REGISTERED NUMBER: 09956153)

BALANCE SHEET - continued
30 January 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2024 and were signed by:





Mr J P Metcalfe - Director


METCALFE TECHNOLOGIES LIMITED (REGISTERED NUMBER: 09956153)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 January 2024


1. STATUTORY INFORMATION

Metcalfe Technologies Limited is a private company, limited by shares , registered in England and Wales. 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.

These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

METCALFE TECHNOLOGIES LIMITED (REGISTERED NUMBER: 09956153)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 January 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements

Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown with borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 31 January 2023 1,544 42,799 4,252 48,595
Additions - - 725 725
At 30 January 2024 1,544 42,799 4,977 49,320
DEPRECIATION
At 31 January 2023 1,079 8,916 2,784 12,779
Charge for year 154 8,471 525 9,150
At 30 January 2024 1,233 17,387 3,309 21,929
NET BOOK VALUE
At 30 January 2024 311 25,412 1,668 27,391
At 30 January 2023 465 33,883 1,468 35,816

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 31 January 2023 2,645
Additions 1,149
At 30 January 2024 3,794
NET BOOK VALUE
At 30 January 2024 3,794
At 30 January 2023 2,645

METCALFE TECHNOLOGIES LIMITED (REGISTERED NUMBER: 09956153)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 January 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,500 16,600
Other debtors 58 50
4,558 16,650

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,464 8,464
Hire purchase contracts 4,261 4,261
Trade creditors 299 3,056
Taxation and social security 24,618 24,473
Other creditors 5,949 7,759
43,591 48,013

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,900 18,583
Hire purchase contracts 19,490 23,750
30,390 42,333

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100