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Registered number: 09491254

Metacol Ltd

FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL11 2ER

Metacol Ltd

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
J Collinson
REGISTERED OFFICE
226 Oldham Road
Rochdale
Lancashire
OL11 2ER
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09491254
ACCOUNTANTS
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL11 2ER

Metacol Ltd

UNAUDITED FINANCIAL STATEMENTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Metacol Ltd

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets3-8,468
CURRENT ASSETS
Stock-250
Debtors53,80316,619
Cash at bank and in hand74,56699,661
78,369116,530
CREDITORS: Amounts falling due within one year61,00013,186
NET CURRENT ASSETS77,369103,344
TOTAL ASSETS LESS CURRENT LIABILITIES77,369111,812
PROVISIONS FOR LIABILITIES AND CHARGES7-1,609
NET ASSETS77,369110,203
CAPITAL AND RESERVES
Called up share capital81010
Profit and loss account77,359110,193
SHAREHOLDERS' FUNDS77,369110,203
For the year ending 31/03/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 31/10/2024 and signed on their behalf by
.............................
J Collinson
Director

Metacol Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

Metacol Ltd

1f. Revenue Recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
2. EMPLOYEES
20242023
No.No.
Average number of employees34
3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 01/04/202319232,92133,113
Disposals(192)(32,921)(33,113)
At 31/03/2024---
Depreciation
At 01/04/202313124,51424,645
Disposals(131)(24,514)(24,645)
At 31/03/2024---
Net Book Amounts
At 31/03/2024---
At 31/03/2023618,4078,468
4. STOCK 20242023
££
Stock comprises:
Stock-250
-250

Metacol Ltd

5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors1,41914,211
UK corporation tax2,111-
VAT273-
Other debtors - Bond-2,124
Prepayments-284
3,80316,619
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax-3,371
VAT-3,678
PAYE control-748
Trade creditors-4,389
Accruals1,0001,000
1,00013,186
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation-1,609
-1,609
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
7 Ordinary A shares of £1 each77
3 Ordinary B shares of £1 each33
1010

Metacol Ltd

9. CONTROLLING PARTY
The company is controlled by the director who owns 100% of the companies issued share capital.