Registered number
15015406
Metapraxis Holdings Limited
Unaudited Filleted Accounts
30 June 2024
Metapraxis Holdings Limited
Registered number: 15015406
Balance Sheet
as at 30 June 2024
Notes 2024
£
Current assets
Debtors 3 379,534
Cash at bank and in hand 65,125
444,659
Creditors: amounts falling due within one year 4 (331,709)
Net current assets 112,950
Total assets less current liabilities 112,950
Creditors: amounts falling due after more than one year 5 (89,000)
Net assets 23,950
Capital and reserves
Called up share capital 2
Profit and loss account 23,948
Shareholders' funds 23,950
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Groom
Director
Approved by the board on 26 February 2025
Metapraxis Holdings Limited
Notes to the Accounts
for the period from 20 July 2023 to 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 rendering of services.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024
Number
Average number of persons employed by the company 5
3 Debtors 2024
£
Trade debtors 30,298
Amounts owed by group undertakings and undertakings in which the company has a participating interest 342,851
Other debtors 6,385
379,534
Amounts due after more than one year included above 200,000
4 Creditors: amounts falling due within one year 2024
£
Trade creditors 88
Taxation and social security costs 8,484
Other creditors 323,137
331,709
5 Creditors: amounts falling due after one year 2024
£
Other creditors 89,000
6 Other information
Metapraxis Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
Blythe Farm
51 Mill Street
Gamlingay
Sandy
Beds
SG19 3JW
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