Registered number
08873455
Metafrazein Limited
Filleted Accounts
29 February 2024
Metafrazein Limited
Registered number: 08873455
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Current assets
Cash at bank and in hand 50,377 46,355
Creditors: amounts falling due within one year 4 (13,227) (12,364)
Net current assets 37,150 33,991
Net assets 37,150 33,991
Capital and reserves
Called up share capital 1 1
Profit and loss account 37,149 33,990
Shareholder's funds 37,150 33,991
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 her 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.
D Dagkli
Director
Approved by the board on 16 November 2024
Metafrazein Limited
Notes to the Accounts
for the year ended 29 February 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.
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:
Computer equipment 33.33% reducing balance
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 1,875
At 29 February 2024 1,875
Depreciation
At 1 March 2023 1,875
At 29 February 2024 1,875
Net book value
At 29 February 2024 -
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,840 1,427
Other creditors 11,387 10,937
13,227 12,364
5 Other information
Metafrazein Limited is a private company limited by shares and incorporated in England. Its registered office is:
12 Shrublands Court
Sandrock Road
Tunbridge Well
Kent
TN2 3PS
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