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Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Metrel UK Limited

Metrel UK Limited (Registered number: 03442471)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Metrel UK Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr B Jelencic





REGISTERED OFFICE: Unit 16
First Quarter Business Park
Blenheim Road
Epsom
Surrey
KT19 9QN





REGISTERED NUMBER: 03442471 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Metrel UK Limited (Registered number: 03442471)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,755 19,882

CURRENT ASSETS
Stocks 5 313,351 275,646
Debtors 6 82,362 108,266
Cash at bank and in hand 109,175 157,916
504,888 541,828
CREDITORS
Amounts falling due within one year 7 937,403 969,369
NET CURRENT LIABILITIES (432,515 ) (427,541 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(406,760

)

(407,659

)

CAPITAL AND RESERVES
Called up share capital 8 7,959 7,959
Capital redemption reserve 2,500 2,500
Retained earnings (417,219 ) (418,118 )
SHAREHOLDERS' FUNDS (406,760 ) (407,659 )

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

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

The director acknowledges her 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 director and authorised for issue on 13 March 2025 and were signed by:





Mr B Jelencic - Director


Metrel UK Limited (Registered number: 03442471)

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


1. STATUTORY INFORMATION

Metrel UK 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 - 15% on reducing balance
Computer equipment, fixtures and fittings - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies
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 translates into Sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
The company is dependent upon support from its holding company. This support is by way of non collection of its trade account for supplies until such time as cashflow of the company permits. In the event that this support was to cease then this may impact the going concern of the company. At present the holding company has indicated its ongoing support for the company.

Metrel UK Limited (Registered number: 03442471)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment,
fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2024 65,786 18,700 84,486
Additions 8,555 1,654 10,209
Disposals (105 ) (798 ) (903 )
At 31 December 2024 74,236 19,556 93,792
DEPRECIATION
At 1 January 2024 50,603 14,001 64,604
Charge for year 2,746 1,336 4,082
Eliminated on disposal (71 ) (578 ) (649 )
At 31 December 2024 53,278 14,759 68,037
NET BOOK VALUE
At 31 December 2024 20,958 4,797 25,755
At 31 December 2023 15,183 4,699 19,882

5. STOCKS
2024 2023
£    £   
Stocks 313,351 275,646

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 58,864 67,691
Other debtors 15,156 14,916
Prepayments 8,342 25,659
82,362 108,266

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,400 14,917
Amounts owed to group undertakings 860,229 884,172
Social security and other taxes 4,925 6,998
VAT 45,546 54,869
Other creditors 553 -
Accrued expenses 18,750 8,413
937,403 969,369

Metrel UK Limited (Registered number: 03442471)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
7,959 Ordinary £1 7,959 7,959

9. RELATED PARTY DISCLOSURES

During the period the company made purchases from its parent company Metrel d.d. totalling £1,196,102 (2023:£827,210). At the balance sheet date the outstanding amount due to Metrel d.d. is £860,229 (2023: £884,172).

During the period the company made sales to its parent company Metrel d.d. totalling Nil (2023:£1,382). At the balance sheet date the amount owed to the company by Metrel d.d. was Nil (2023:Nil).