Metal Plate Pictures Limited 11227275 false 2023-03-01 2024-02-28 2024-02-28 The principal activity of the company is the retail of printed posters and canvasses. Digita Accounts Production Advanced 6.30.9574.0 true true 11227275 2023-03-01 2024-02-28 11227275 2024-02-28 11227275 core:CurrentFinancialInstruments 2024-02-28 11227275 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-28 11227275 core:OtherResidualIntangibleAssets 2024-02-28 11227275 core:OtherPropertyPlantEquipment 2024-02-28 11227275 bus:SmallEntities 2023-03-01 2024-02-28 11227275 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 11227275 bus:FilletedAccounts 2023-03-01 2024-02-28 11227275 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 11227275 bus:RegisteredOffice 2023-03-01 2024-02-28 11227275 bus:Director1 2023-03-01 2024-02-28 11227275 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 11227275 core:IntangibleAssetsOtherThanGoodwill 2023-03-01 2024-02-28 11227275 core:OtherPropertyPlantEquipment 2023-03-01 2024-02-28 11227275 core:PlantMachinery 2023-03-01 2024-02-28 11227275 countries:EnglandWales 2023-03-01 2024-02-28 11227275 2023-02-28 11227275 core:OtherResidualIntangibleAssets 2023-02-28 11227275 core:OtherPropertyPlantEquipment 2023-02-28 11227275 2022-03-01 2023-02-28 11227275 2023-02-28 11227275 core:CurrentFinancialInstruments 2023-02-28 11227275 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 11227275 core:OtherPropertyPlantEquipment 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 11227275

Metal Plate Pictures Limited

Unaudited Filleted Financial Statements

for the Period from 1 March 2023 to 28 February 2024

 

Metal Plate Pictures Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Metal Plate Pictures Limited

Company Information

Director

Mr TR Graham

Registered office

Bridge House
41 Wincolmlee
Hull
HU2 8AG

 

Metal Plate Pictures Limited

(Registration number: 11227275)
Balance Sheet as at 28 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

620

826

 

620

826

Current assets

 

Debtors

6

1,766

1,767

Cash at bank and in hand

 

833

1,380

 

2,599

3,147

Creditors: Amounts falling due within one year

7

(42,517)

(37,552)

Net current liabilities

 

(39,918)

(34,405)

Net liabilities

 

(39,298)

(33,579)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(39,299)

(33,580)

Shareholders' deficit

 

(39,298)

(33,579)

For the financial period ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 November 2024
 

.........................................
Mr TR Graham
Director

 

Metal Plate Pictures Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 28 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Bridge House
41 Wincolmlee
Hull
HU2 8AG
United Kingdom

These financial statements were authorised for issue by the director on 26 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the balance sheet date, the company’s net current liabilities exceeded its net current assets. The company has received assurance from the director that they will continue to give financial support to the company for twelve months from the date of signing these financial statements.

On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company’s accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company’s assets or liabilities that might be necessary should this basis not continue to be appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Metal Plate Pictures Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 28 February 2024

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Other intangible assets

over 2 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Metal Plate Pictures Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 28 February 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

 

Metal Plate Pictures Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 28 February 2024

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 March 2023

4,579

4,579

At 28 February 2024

4,579

4,579

Amortisation

At 1 March 2023

4,579

4,579

At 28 February 2024

4,579

4,579

Carrying amount

At 28 February 2024

-

-

5

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 March 2023

1,500

1,500

At 28 February 2024

1,500

1,500

Depreciation

At 1 March 2023

674

674

Charge for the period

206

206

At 28 February 2024

880

880

Carrying amount

At 28 February 2024

620

620

At 28 February 2023

826

826

6

Debtors

2024
£

2023
£

Prepayments

1,766

1,767

1,766

1,767

 

Metal Plate Pictures Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 28 February 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

480

Accruals and deferred income

528

510

Other creditors

41,989

36,562

42,517

37,552