Registered number
02285125
Metadata Ltd
Filleted Accounts
30 June 2024
Metadata Ltd
Registered number: 02285125
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,387 4,315
Current assets
Debtors 4 8,044 66,663
Cash at bank and in hand 379,582 272,156
387,626 338,819
Creditors: amounts falling due within one year 5 (116,973) (140,961)
Net current assets 270,653 197,858
Net assets 272,040 202,173
Capital and reserves
Called up share capital 100 100
Profit and loss account 271,940 202,073
Shareholder's funds 272,040 202,173
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Michael Charles Goodland
Director
Approved by the board on 25 October 2024
Metadata Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line
Motor vehicles 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 45,931 8,635 54,566
Additions 1,850 - 1,850
At 30 June 2024 47,781 8,635 56,416
Depreciation
At 1 July 2023 42,564 7,687 50,251
Charge for the year 3,830 948 4,778
At 30 June 2024 46,394 8,635 55,029
Net book value
At 30 June 2024 1,387 - 1,387
At 30 June 2023 3,367 948 4,315
4 Debtors 2024 2023
£ £
Trade debtors 7,944 28,608
Other debtors 100 38,055
8,044 66,663
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,785 47,397
Trade creditors 66,048 70,430
Taxation and social security costs 37,303 19,974
Other creditors 8,837 3,160
116,973 140,961
6 Other information
Metadata Ltd is a private company limited by shares and incorporated in England. Its registered office is:
34 Croydon Road
Caterham
Surrey
CR3 6QB
Metadata Ltd 02285125 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts July 2024 Michael Charles Goodland No description of principal activity 02285125 2022-07-01 2023-06-30 02285125 core:WithinOneYear 2023-06-30 02285125 core:ShareCapital 2023-06-30 02285125 core:RetainedEarningsAccumulatedLosses 2023-06-30 02285125 2023-07-01 2024-06-30 02285125 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02285125 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 02285125 bus:Director40 2023-07-01 2024-06-30 02285125 1 2023-07-01 2024-06-30 02285125 2 2023-07-01 2024-06-30 02285125 core:PlantMachinery 2023-07-01 2024-06-30 02285125 core:Vehicles 2023-07-01 2024-06-30 02285125 countries:England 2023-07-01 2024-06-30 02285125 bus:FRS102 2023-07-01 2024-06-30 02285125 bus:FilletedAccounts 2023-07-01 2024-06-30 02285125 2024-06-30 02285125 core:WithinOneYear 2024-06-30 02285125 core:ShareCapital 2024-06-30 02285125 core:RetainedEarningsAccumulatedLosses 2024-06-30 02285125 core:PlantMachinery 2024-06-30 02285125 core:Vehicles 2024-06-30 02285125 2023-06-30 02285125 core:PlantMachinery 2023-06-30 02285125 core:Vehicles 2023-06-30 iso4217:GBP xbrli:pure