Company Registration No. 03857340 (England and Wales)
M1 METRO LIMITED
Unaudited accounts
for the year ended 31 October 2023
M1 METRO LIMITED
Unaudited accounts
Contents
M1 METRO LIMITED
Company Information
for the year ended 31 October 2023
Directors
Ali Raza Ahmad
Joan Mcguire
Company Number
03857340 (England and Wales)
Registered Office
14-16 OLDHAM STREET
MANCHESTER
M1 1JG
ENGLAND
Accountants
CLEARCUT ACCOUNTING LIMITED
SUITE 2 PARKWAY 5 PARKWAY BUSINESS CENT
300 PRINCESS ROAD
MANCHESTER
M14 7HR
M1 METRO LIMITED
Statement of financial position
as at 31 October 2023
Intangible assets
89,000
89,000
Tangible assets
36,557
40,619
Cash at bank and in hand
58,087
15,889
Creditors: amounts falling due within one year
(295,306)
(217,686)
Net current liabilities
(106,123)
(120,733)
Total assets less current liabilities
19,434
8,886
Creditors: amounts falling due after more than one year
(33,431)
-
Net (liabilities)/assets
(13,997)
8,886
Called up share capital
100
100
Profit and loss account
(14,097)
8,786
Shareholders' funds
(13,997)
8,886
For the year ending 31 October 2023 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 31 October 2024 and were signed on its behalf by
Ali Raza Ahmad
Director
Company Registration No. 03857340
M1 METRO LIMITED
Notes to the Accounts
for the year ended 31 October 2023
M1 METRO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03857340. The registered office is 14-16 OLDHAM STREET, MANCHESTER, M1 1JG, 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:
Fixtures & fittings
10% Reducing balance
4
Intangible fixed assets
Goodwill
M1 METRO LIMITED
Notes to the Accounts
for the year ended 31 October 2023
5
Tangible fixed assets
Plant & machinery
At 1 November 2022
183,923
At 31 October 2023
183,923
At 1 November 2022
143,304
At 31 October 2023
147,366
Amounts falling due within one year
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
299,218
214,369
Taxes and social security
(6,504)
(4,301)
Other creditors
1,590
6,872
Loans from directors
1,002
746
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 5 (2022: 6).