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REGISTERED NUMBER: 07246688 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

METIS AUTOMATION LIMITED

METIS AUTOMATION LIMITED (REGISTERED NUMBER: 07246688)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

METIS AUTOMATION LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: M Griffiths
Mrs B M Griffiths





REGISTERED OFFICE: Pioneer House
North Road
Ellesmere port
Cheshire
CH65 1AD





REGISTERED NUMBER: 07246688 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

METIS AUTOMATION LIMITED (REGISTERED NUMBER: 07246688)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,336 10,110

CURRENT ASSETS
Debtors 5 33,577 55,581
Cash at bank 15,814 22,105
49,391 77,686
CREDITORS
Amounts falling due within one year 6 36,334 57,882
NET CURRENT ASSETS 13,057 19,804
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,393

29,914

CREDITORS
Amounts falling due after more than one year 7 13,346 23,234
NET ASSETS 10,047 6,680

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 9,947 6,580
SHAREHOLDERS' FUNDS 10,047 6,680

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2025 and were signed on its behalf by:




M Griffiths - Director



Mrs B M Griffiths - Director


METIS AUTOMATION LIMITED (REGISTERED NUMBER: 07246688)

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

1. STATUTORY INFORMATION

Metis Automation 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.
Plant and machinery etc - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 - 3 ) .

METIS AUTOMATION LIMITED (REGISTERED NUMBER: 07246688)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 22,443
Additions 2,810
At 31 May 2024 25,253
DEPRECIATION
At 1 June 2023 12,333
Charge for year 2,584
At 31 May 2024 14,917
NET BOOK VALUE
At 31 May 2024 10,336
At 31 May 2023 10,110

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 14,533 38,328
Other debtors 19,044 17,253
33,577 55,581

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 16,791 11,602
Trade creditors 3,821 8,708
Taxation and social security 11,376 31,846
Other creditors 4,346 5,726
36,334 57,882

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 13,346 23,234

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 ORDINARY 1 100 100

METIS AUTOMATION LIMITED (REGISTERED NUMBER: 07246688)

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

9. RESERVES
Retained
earnings
£   

At 1 June 2023 6,580
Profit for the year 78,227
Dividends (74,860 )
At 31 May 2024 9,947

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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
£    £   
M Griffiths
Balance outstanding at start of year (12,969 ) (29,602 )
Amounts advanced 81,861 95,564
Amounts repaid (86,225 ) (78,931 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (17,333 ) (12,969 )

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £74,860 (2023 - £88,000) were paid to the directors .

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Metis Automation Limited (Registered number: 07246688)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Metis Automation Limited for the year ended 31 May 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Metis Automation Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Metis Automation Limited and state those matters that we have agreed to state to the Board of Directors of Metis Automation Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Metis Automation Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Metis Automation Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Metis Automation Limited. You consider that Metis Automation Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Metis Automation Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


13 February 2025