01 September 2023 31 August 2024 No principle activity is included 06293218 2023-09-01 06293218 2024-08-31 06293218 2023-09-01 2024-08-31 06293218 2023-08-31 06293218 2022-09-01 2023-08-31 06293218 uk-core:WithinOneYear 2024-08-31 06293218 uk-core:WithinOneYear 2023-08-31 06293218 uk-core:AfterOneYear 2024-08-31 06293218 uk-core:AfterOneYear 2023-08-31 06293218 uk-core:ShareCapital 2024-08-31 06293218 uk-core:ShareCapital 2023-08-31 06293218 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 06293218 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 06293218 uk-bus:RegisteredOffice 2023-09-01 2024-08-31 06293218 uk-curr:PoundSterling 2023-09-01 2024-08-31 06293218 uk-core:PlantMachinery 2023-09-01 2024-08-31 06293218 uk-core:Vehicles 2023-09-01 2024-08-31 06293218 uk-core:FurnitureFittings 2023-09-01 2024-08-31 06293218 uk-core:OfficeEquipment 2023-09-01 2024-08-31 06293218 uk-core:LandBuildings uk-core:ShortLeaseholdAssets 2023-08-31 06293218 uk-core:VehiclesPlantMachinery 2023-08-31 06293218 uk-core:FurnitureFittingsToolsEquipment 2023-08-31 06293218 uk-core:LandBuildings uk-core:ShortLeaseholdAssets 2023-09-01 2024-08-31 06293218 uk-core:VehiclesPlantMachinery 2023-09-01 2024-08-31 06293218 uk-core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 06293218 uk-core:LandBuildings uk-core:ShortLeaseholdAssets 2024-08-31 06293218 uk-core:VehiclesPlantMachinery 2024-08-31 06293218 uk-core:FurnitureFittingsToolsEquipment 2024-08-31 06293218 uk-core:BetweenTwoFiveYears 2024-08-31 06293218 uk-core:BetweenTwoFiveYears 2023-08-31 06293218 uk-bus:FRS102 2023-09-01 2024-08-31 06293218 uk-bus:FullAccounts 2023-09-01 2024-08-31 06293218 uk-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 06293218 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  METSITE LIMITED
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 31 AUGUST 2024
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  METSITE LIMITED
  Company registered number: 06293218
  ABRIDGED STATEMENT OF FINANCIAL POSITION AT 31 August 2024
           
    Note 2024 2023
      £ £ £
  FIXED ASSETS
  Property, plant and equipment 3 47,141 51,705
  CURRENT ASSETS    
  Inventories   98,960 62,280
  Debtors 4 125,406 90,555
      224,366 152,835
  CREDITORS: Amounts falling due within one year 5 271,307 210,210
  NET CURRENT LIABILITIES   (46,941) (57,375)
  TOTAL ASSETS LESS CURRENT LIABILITIES   200 (5,670)
           
  CREDITORS: Amounts falling due after more than one year 6 (7,500) (17,500)
  NET LIABILITIES   7,300) 23,170)
       
  CAPITAL AND RESERVES
  Called up share capital   100 100
  Retained earnings   (7,400) (23,270)
  SHAREHOLDERS' FUNDS   7,300) 23,170)
       
       
       
  In approving these financial statements as directors of the company we hereby confirm the following:
       
  For the year in question 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 of its financial statements for the period ended 31 August 2024 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records, and for the preparation of accounts.
       
  These financial statements have been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies
       
  All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 August 2024 in accordance with Section 444 (2A) of the Companies Act 2006
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered
  The financial statements were approved and authorised for issue by the board of directors on 05 November 2024
 
  Signed on behalf of the board of directors
 
 
       
  M C Collins, Director
       
       
  page 1
  METSITE LIMITED
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 31 AUGUST 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  Metsite Limited is a private company limited by shares incorporated in England.
         
  Registered office:
  74 St George's Road,
Bolton
BL1 2DD
         
1b. Basis of accounting
         
  These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
  The financial statements have been prepared under the historical cost convention. The presentation currency is Sterling, which is the functional currency of the company.
         
  The end of the reporting period has been changed to make it co-terminus with the other companies in the same group. The financial statements have been prepared using a shorter period of five months and the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1d. Taxation
         
         
  Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
       
1e. Property, plant and equipment
       
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
       
  Plant and machinery Reducing balance 20%  
  Vehicles Reducing balance 25%  
  Fixtures and fittings Reducing balance 15%  
  Equipment Reducing balance 33%  
         
1f. Inventories
         
  Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.
         
  page 2
  METSITE LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 AUGUST 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1g. Leased assets
         
  Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.
         
 
         
         
1h. Pensions
         
  The company operates a defined contribution pension scheme, and the pension charge represents the amounts payable by the company to the fund in respect of the period.
         
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the year were as follows:
    2024 2023
    No. No.
  Management and administration 2 2
  Production and sales 14 15
    16 17
   
  page 3
  METSITE LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 AUGUST 2024
           
3. TANGIBLE ASSETS
    Computer Plant & Motor  
    Equipment Machinery Vehicles Total
           
           
    £ £ £ £
  Cost
           
  At 1 September 2023 1,064 124,574 50,758 176,396
  Additions other than through business combinations - 8,039 - 8,039
           
  At 31 August 2024 1,064 132,613 50,758 184,435
   
  Depreciation
           
  At 1 September 2023 778 85,508 38,405 124,691
  For the year 94 9,421 3,088 12,603
  At 31 August 2024 872 94,929 41,493 137,294
   
  Net Book Amounts
           
  At 31 August 2024 192 37,684 9,265 47,141
   
           
  At 31 August 2023 286 39,066 12,353 51,705
   
       
       
4. DEBTORS :AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023
    £ £
  Trade debtors 119,396 82,047
  Social security and other taxes 901 1,049
  Other debtors 5,109 7,459
    £125,406 £90,555
   
       
       
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2024 2023
    £ £
  Other loans 80,000 70,000
  Bank loans and overdrafts 30,226 17,171
  Trade creditors 109,733 74,354
  Other taxes and social security 11,652 8,082
  Other creditors 24,525 23,363
  Accruals and deferred income 15,171 17,240
    £271,307 £210,210
   
       
  page 4
  METSITE LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 AUGUST 2024
       
       
6. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
    2024 2023
    £ £
  Bank loans and overdrafts 7,500 17,500
    £7,500 £17,500
   
       
       
  Analysis of borrowings:
       
  Due within five years:
  within 1 year
  bank 10,000 10,000
  other 80,000 70,000
  within 2-5 years
  bank 7,500 17,500
    £97,500 £97,500
   
  page 5