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REGISTERED NUMBER: 14079218 (England and Wales)


Metcalfe Projects Ltd

Financial Statements for the Year Ended 31 March 2024






Metcalfe Projects Ltd (Registered number: 14079218)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Metcalfe Projects Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B J Metcalfe
M J Nixon



REGISTERED OFFICE: Metcalfe Farms
Washfold Farm
Leyburn
North Yorkshire
DL8 5JZ



REGISTERED NUMBER: 14079218 (England and Wales)



AUDITORS: Riverside Accountancy Lancaster Ltd
Chartered Accountants & Statutory Auditors
Riverside Offices, Second Floor
St Georges Quay
Lancaster
LA1 1RD



ACCOUNTANTS: Addison & Co Chartered Accountants
Ebor House
91 Galgate
Barnard Castle
County Durham
DL12 8ES

Metcalfe Projects Ltd (Registered number: 14079218)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 21,170 33,930

CURRENT ASSETS
Debtors 6 370,619 88,916
Cash at bank and in hand 8 4,299
370,627 93,215
CREDITORS
Amounts falling due within one year 7 386,798 47,855
NET CURRENT (LIABILITIES)/ASSETS (16,171 ) 45,360
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,999

79,290

CREDITORS
Amounts falling due after more than one
year

8

-

95,000
NET ASSETS/(LIABILITIES) 4,999 (15,710 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 4,899 (15,810 )
SHAREHOLDERS' FUNDS 4,999 (15,710 )

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





B J Metcalfe - Director


Metcalfe Projects Ltd (Registered number: 14079218)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Metcalfe Projects Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company is part of a group and the consolidated accounts are available at the registered office. Details are:

Parent company: Metcalfe Farms (Holdings) Ltd
Registered office: Washfold Farm
Leyburn
North Yorkshire
DL8 5JZ

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling, which is the functional currency of the company, and are rounded to the nearest pound.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Metcalfe Projects Ltd (Registered number: 14079218)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 7 ) .

4. AUDITORS' REMUNERATION
Period
29.4.22
Year Ended to
31.3.24 31.3.23
£    £   
Fees payable to the company's auditors for the audit of the
company's financial statements

6,000

-

Metcalfe Projects Ltd (Registered number: 14079218)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 17,485 1,989 19,345 38,819
Additions 831 - 5,000 5,831
Disposals (7,100 ) - (9,350 ) (16,450 )
At 31 March 2024 11,216 1,989 14,995 28,200
DEPRECIATION
At 1 April 2023 1,296 211 3,382 4,889
Charge for year 2,424 267 2,632 5,323
Eliminated on disposal (1,635 ) - (1,547 ) (3,182 )
At 31 March 2024 2,085 478 4,467 7,030
NET BOOK VALUE
At 31 March 2024 9,131 1,511 10,528 21,170
At 31 March 2023 16,189 1,778 15,963 33,930

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 356,984 84,122
Other debtors 178 212
Called up share capital not paid 100 100
Prepayments 13,357 4,482
370,619 88,916

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 1,351 1,319
Trade creditors 254,115 12,128
Social security and other taxes 9,178 -
VAT 78,361 12,402
Other creditors 5 5
Pensions payable 559 115
Deferred income 5,846 17,001
Accrued expenses 37,383 4,885
386,798 47,855

Metcalfe Projects Ltd (Registered number: 14079218)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed to associates - 95,000

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year - 15,100

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Share capital 1 £1 100 100

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Penelope Bowden FCA (Senior Statutory Auditor)
for and on behalf of Riverside Accountancy Lancaster Ltd

12. RELATED PARTY DISCLOSURES

During the year there have been various transactions at market value with connected parties and at 31 March 2024 the company was owed £5,400 (2023 £43,386) by these connected parties. Similarly the company owed £15,753 (2023 £9,354) to these connected parties at 31 March 2024.

Included in creditors is a loan totalling £nil (2023 £95,000) from a connected party.


13. ULTIMATE CONTROLLING PARTY

It is considered that the company is controlled by the director.