Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 09686308 Mr Benjamin Knight Mr Luke Smith Mr G Hughes true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09686308 2023-03-31 09686308 2024-03-31 09686308 2023-04-01 2024-03-31 09686308 frs-core:CurrentFinancialInstruments 2024-03-31 09686308 frs-core:Non-currentFinancialInstruments 2024-03-31 09686308 frs-core:ComputerEquipment 2024-03-31 09686308 frs-core:ComputerEquipment 2023-04-01 2024-03-31 09686308 frs-core:ComputerEquipment 2023-03-31 09686308 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 09686308 frs-core:OtherResidualIntangibleAssets 2024-03-31 09686308 frs-core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 09686308 frs-core:OtherResidualIntangibleAssets 2023-03-31 09686308 frs-core:PlantMachinery 2024-03-31 09686308 frs-core:PlantMachinery 2023-04-01 2024-03-31 09686308 frs-core:PlantMachinery 2023-03-31 09686308 frs-core:ShareCapital 2024-03-31 09686308 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09686308 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09686308 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09686308 frs-bus:SmallEntities 2023-04-01 2024-03-31 09686308 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09686308 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09686308 1 2023-04-01 2024-03-31 09686308 frs-bus:Director1 2023-04-01 2024-03-31 09686308 frs-bus:Director2 2023-04-01 2024-03-31 09686308 frs-countries:EnglandWales 2023-04-01 2024-03-31 09686308 2022-03-31 09686308 2023-03-31 09686308 2022-04-01 2023-03-31 09686308 frs-core:CurrentFinancialInstruments 2023-03-31 09686308 frs-core:Non-currentFinancialInstruments 2023-03-31 09686308 frs-core:ShareCapital 2023-03-31 09686308 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 09686308
Metageni Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09686308
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 9,779 10,959
Tangible Assets 5 4,917 6,093
14,696 17,052
CURRENT ASSETS
Debtors 6 222,410 155,882
Cash at bank and in hand 301,926 364,325
524,336 520,207
Creditors: Amounts Falling Due Within One Year 7 (189,034 ) (104,134 )
NET CURRENT ASSETS (LIABILITIES) 335,302 416,073
TOTAL ASSETS LESS CURRENT LIABILITIES 349,998 433,125
Creditors: Amounts Falling Due After More Than One Year 8 (29,697 ) (55,151 )
NET ASSETS 320,301 377,974
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account 320,101 377,774
SHAREHOLDERS' FUNDS 320,301 377,974
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Benjamin Knight
Director
3rd December 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Metageni Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09686308 . The registered office is Cannon Place, 78 Cannon Street, London, EC4N 6AF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on cost
Computer Equipment 33% on cost
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 11)
10 11
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 11,800
As at 31 March 2024 11,800
Amortisation
As at 1 April 2023 841
Provided during the period 1,180
As at 31 March 2024 2,021
Net Book Value
As at 31 March 2024 9,779
As at 1 April 2023 10,959
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 2,670 18,285 20,955
Additions - 2,150 2,150
As at 31 March 2024 2,670 20,435 23,105
Depreciation
As at 1 April 2023 1,816 13,046 14,862
Provided during the period 398 2,928 3,326
As at 31 March 2024 2,214 15,974 18,188
Net Book Value
As at 31 March 2024 456 4,461 4,917
As at 1 April 2023 854 5,239 6,093
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 212,400 132,600
Other debtors 10,010 23,282
222,410 155,882
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 18,671 8,590
Bank loans and overdrafts 25,455 25,455
Other creditors 31,260 19,398
Taxation and social security 113,648 50,691
189,034 104,134
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 29,697 55,151
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts - 80,606
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
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11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Steve Whatley 279 80 - - 359
The above loan is unsecured, interest free and repayable on demand.
12. Related Party Transactions
During the year, total dividends of £0 (2023 - £63,081) were paid to directors.
13. Ultimate Controlling Party
The company's ultimate controlling party is Mr G Hughes by virtue of their ownership of 74% of the issued share capital.
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