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REGISTERED NUMBER: 01378022 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Metro Garden Buildings Limited

Metro Garden Buildings Limited (Registered number: 01378022)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Metro Garden Buildings Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs D Margison
Mr M Margison





SECRETARY: Mrs D Margison





REGISTERED OFFICE: Unit 1, Metro Trading Centre
Barugh Green Road
Barugh Green
Barnsley
S75 1JU





REGISTERED NUMBER: 01378022 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

Metro Garden Buildings Limited (Registered number: 01378022)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 52,094 52,776

CURRENT ASSETS
Stocks 99,120 111,116
Debtors 5 30,056 54,166
Cash at bank 569,317 573,849
698,493 739,131
CREDITORS
Amounts falling due within one year 6 (58,938 ) (122,519 )
NET CURRENT ASSETS 639,555 616,612
TOTAL ASSETS LESS CURRENT LIABILITIES 691,649 669,388

PROVISIONS FOR LIABILITIES (13,024 ) (10,028 )
NET ASSETS 678,625 659,360

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 678,525 659,260
678,625 659,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Metro Garden Buildings Limited (Registered number: 01378022)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





Mrs D Margison - Director


Metro Garden Buildings Limited (Registered number: 01378022)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Metro Garden Buildings 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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Metro Garden Buildings Limited (Registered number: 01378022)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 274,353
Additions 20,833
Disposals (17,495 )
At 31 January 2024 277,691
DEPRECIATION
At 1 February 2023 221,577
Charge for year 17,363
Eliminated on disposal (13,343 )
At 31 January 2024 225,597
NET BOOK VALUE
At 31 January 2024 52,094
At 31 January 2023 52,776

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,135 27,908
Other debtors 13,921 26,258
30,056 54,166

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,507 38,308
Taxation and social security 33,316 75,227
Other creditors 10,115 8,984
58,938 122,519