METSITE LIMITED | |
UNAUDITED FINANCIAL STATEMENTS | |
FOR THE YEAR ENDED 31 AUGUST 2024 | |
Company registered number: |
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ABRIDGED STATEMENT OF FINANCIAL POSITION AT |
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Note | 2024 | 2023 | |||
£ | £ | £ | |||
FIXED ASSETS | |||||
Property, plant and equipment | 3 | ||||
CURRENT ASSETS | |||||
Inventories | |||||
Debtors | 4 | ||||
CREDITORS: Amounts falling due within one year | 5 | ||||
NET CURRENT LIABILITIES | ( |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
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CREDITORS: Amounts falling due after more than one year | 6 | ( |
( |
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NET LIABILITIES | (£ |
(£ |
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CAPITAL AND RESERVES | |||||
Called up share capital | |||||
Retained earnings | ( |
( |
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SHAREHOLDERS' FUNDS | (£ |
(£ |
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In approving these financial statements as directors of the company we hereby confirm the following: | |||
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 |
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The financial statements were approved and authorised for issue by the board of directors on |
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Signed on behalf of the board of directors | |||
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 |
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Registered office: | ||||
Bolton BL1 2DD |
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1b. | Basis of accounting | |||
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 | |||
1d. | Taxation | |||
1e. | Property, plant and equipment | ||
Plant and machinery | |||
Vehicles | |||
Fixtures and fittings | |||
Equipment |
1f. | Inventories | |||
page 2 | |
METSITE LIMITED | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 AUGUST 2024 |
1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) |
1g. | Leased assets | |||
1h. | Pensions | |||
2. | DIRECTORS AND EMPLOYEES | ||
The average weekly number of employees during the year were as follows: | |||
2024 | 2023 | ||
No. | No. | ||
Management and administration | |||
Production and sales | |||
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 | |||||
Additions other than through business combinations | |||||
At 31 August 2024 | |||||
Depreciation | |||||
At 1 September 2023 | |||||
For the year | |||||
At 31 August 2024 | |||||
Net Book Amounts | |||||
At 31 August 2024 | |||||
At 31 August 2023 | |||||
4. | DEBTORS :AMOUNTS FALLING DUE WITHIN ONE YEAR | 2024 | 2023 |
£ | £ | ||
Trade debtors | |||
Social security and other taxes | |||
Other debtors | |||
£ |
£ |
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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 | |||
Other taxes and social security | |||
Other creditors | |||
Accruals and deferred income | |||
£ |
£ |
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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 | |||
£ |
£ |
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Analysis of borrowings: | |||
Due within five years: | |||
within 1 year | |||
bank | |||
other | |||
within 2-5 years | |||
bank | |||
£97,500 | £97,500 | ||
page 5 |