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REGISTERED NUMBER: 06724925 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 May 2024

for

Metropex (Rail) Limited

Metropex (Rail) Limited (Registered number: 06724925)






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




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Metropex (Rail) Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: P Jarvis
Mrs S Jarvis





REGISTERED OFFICE: Overdale
Coggins Mill Lane
Mayfield
East Sussex
TN20 6UL





REGISTERED NUMBER: 06724925 (England and Wales)





ACCOUNTANTS: G. A. Hicks - Accountant
14 Meadow Way
Heathfield
East Sussex
TN21 8AL

Metropex (Rail) Limited (Registered number: 06724925)

Report of the Directors
for the Year Ended 31 May 2024

The directors present their report with the financial statements of the company for the year ended 31 May 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the repair and refurbishment of railways stations.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 June 2023 to the date of this report.

P Jarvis
Mrs S Jarvis

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P Jarvis - Director


27 January 2025

Metropex (Rail) Limited (Registered number: 06724925)

Income Statement
for the Year Ended 31 May 2024

31.5.24 31.5.23
Notes £    £   

TURNOVER 148,238 914,113

Cost of sales 32,269 823,209
GROSS PROFIT 115,969 90,904

Administrative expenses 64,307 83,549
OPERATING PROFIT and
PROFIT BEFORE TAXATION 51,662 7,355

Tax on profit 10,916 2,078
PROFIT FOR THE FINANCIAL YEAR 40,746 5,277

Metropex (Rail) Limited (Registered number: 06724925)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,216 4,613

CURRENT ASSETS
Debtors 6 22,858 85,691
Cash at bank 37,221 3,193
60,079 88,884
CREDITORS
Amounts falling due within one year 7 15,105 26,518
NET CURRENT ASSETS 44,974 62,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,190

66,979

PROVISIONS FOR LIABILITIES 804 1,153
NET ASSETS 47,386 65,826

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 47,286 65,726
47,386 65,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Metropex (Rail) Limited (Registered number: 06724925)

Balance Sheet - continued
31 May 2024


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

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





P Jarvis - Director


Metropex (Rail) Limited (Registered number: 06724925)

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

1. STATUTORY INFORMATION

Metropex (Rail) Limited 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.

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.

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.
Fixtures and fittings - 15% straight line
Motor vehicles - 25% on reducing balance
Computer equipment - 33% straight line

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.

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.

Metropex (Rail) Limited (Registered number: 06724925)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.5.24 31.5.23
£    £   
Depreciation - owned assets 1,397 1,737

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 1,214 22,999 11,715 35,928
DEPRECIATION
At 1 June 2023 1,214 18,907 11,194 31,315
Charge for year - 1,023 374 1,397
At 31 May 2024 1,214 19,930 11,568 32,712
NET BOOK VALUE
At 31 May 2024 - 3,069 147 3,216
At 31 May 2023 - 4,092 521 4,613

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 13,445 -
Other debtors 9,413 85,691
22,858 85,691

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 2,608 2,878
Taxation and social security 11,521 2,858
Other creditors 976 20,782
15,105 26,518

Metropex (Rail) Limited (Registered number: 06724925)

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

8. DIRECTORS ADVANCES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
P Jarvis
Balance outstanding at start of year - 1,070
Amounts repaid - (1,070 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -