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REGISTERED NUMBER: 12339722 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Metro C24 Stores Limited

Metro C24 Stores Limited (Registered number: 12339722)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Metro C24 Stores Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mrs P K Mehat





SECRETARY:





REGISTERED OFFICE: Trust House C/o Isaacs St James Business
5 New Augustus Street
Bradford
West Yorkshire
BD1 5LL





REGISTERED NUMBER: 12339722 (England and Wales)





ACCOUNTANTS: Isaacs
Trust House
St James Business Park
5 New Augustus Street
Bradford
West Yorkshire
BD1 5LL

Metro C24 Stores Limited (Registered number: 12339722)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 100,000 112,500
Tangible assets 5 49,875 38,004
149,875 150,504

CURRENT ASSETS
Stocks 61,145 77,803
Cash at bank and in hand 428,085 431,281
489,230 509,084
CREDITORS
Amounts falling due within one year 6 364,547 379,715
NET CURRENT ASSETS 124,683 129,369
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,558

279,873

CREDITORS
Amounts falling due after more than one year 7 (26,683 ) (36,464 )

PROVISIONS FOR LIABILITIES (9,476 ) (7,330 )
NET ASSETS 238,399 236,079

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 238,299 235,979
238,399 236,079

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 C24 Stores Limited (Registered number: 12339722)

Balance Sheet - continued
30 November 2023


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 director and authorised for issue on 30 October 2024 and were signed by:





Mrs P K Mehat - Director


Metro C24 Stores Limited (Registered number: 12339722)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

Metro C24 Stores 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 20% on reducing balance and 15% 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.


Metro C24 Stores Limited (Registered number: 12339722)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 125,000
AMORTISATION
At 1 December 2022 12,500
Charge for year 12,500
At 30 November 2023 25,000
NET BOOK VALUE
At 30 November 2023 100,000
At 30 November 2022 112,500

Metro C24 Stores Limited (Registered number: 12339722)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 61,271
Additions 20,903
At 30 November 2023 82,174
DEPRECIATION
At 1 December 2022 23,267
Charge for year 9,032
At 30 November 2023 32,299
NET BOOK VALUE
At 30 November 2023 49,875
At 30 November 2022 38,004

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 194,950 234,700
Trade creditors 45,765 27,563
Taxation and social security 33,212 25,167
Other creditors 90,620 92,285
364,547 379,715

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 26,683 36,464

Amounts falling due in more than five years:

Repayable by instalments
Bounce back loan 26,683 36,464

Metro C24 Stores Limited

Report of the Accountants to the Director of
Metro C24 Stores Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Isaacs
Trust House
St James Business Park
5 New Augustus Street
Bradford
West Yorkshire
BD1 5LL


Date: .............................................