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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
Page
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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
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M1 METRO LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
89,000 
89,000 
Tangible assets
36,557 
40,619 
125,557 
129,619 
Current assets
Inventories
26,472 
23,482 
Debtors
104,624 
57,582 
Cash at bank and in hand
58,087 
15,889 
189,183 
96,953 
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 
Capital and reserves
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
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M1 METRO LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
Cost
At 1 November 2022
89,000 
At 31 October 2023
89,000 
Amortisation
At 1 November 2022
- 
At 31 October 2023
- 
Net book value
At 31 October 2023
89,000 
At 31 October 2022
89,000 
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M1 METRO LIMITED Notes to the Accounts for the year ended 31 October 2023
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2022
183,923 
At 31 October 2023
183,923 
Depreciation
At 1 November 2022
143,304 
Charge for the year
4,062 
At 31 October 2023
147,366 
Net book value
At 31 October 2023
36,557 
At 31 October 2022
40,619 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
8,045 
12,750 
Other debtors
- 
44,832 
8,045 
57,582 
Amounts falling due after more than one year
Trade debtors
68,159 
- 
Other debtors
28,420 
- 
96,579 
- 
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 
295,306 
217,686 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
33,431 
- 
9
Average number of employees
During the year the average number of employees was 5 (2022: 6).
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