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Company No: 02522024 (England and Wales)

METRON DESIGNS LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

METRON DESIGNS LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

METRON DESIGNS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
METRON DESIGNS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 315 899
315 899
Current assets
Stocks 4 17,651 16,708
Debtors 5 841 4,880
Cash at bank and in hand 77,419 59,226
95,911 80,814
Creditors: amounts falling due within one year 6 ( 53,759) ( 53,666)
Net current assets 42,152 27,148
Total assets less current liabilities 42,467 28,047
Net assets 42,467 28,047
Capital and reserves
Called-up share capital 1,000 1,000
Profit and loss account 41,467 27,047
Total shareholders' funds 42,467 28,047

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Metron Designs Limited (registered number: 02522024) were approved and authorised for issue by the Director. They were signed on its behalf by:

J R Pickering
Director

18 March 2025

METRON DESIGNS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
METRON DESIGNS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Metron Designs Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Larking Gowen 1st Floor Prospect House, Rouen Road, Norwich, NR1 1RE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Tangible assets

Plant and machinery Total
£ £
Cost
At 01 July 2023 18,188 18,188
At 30 June 2024 18,188 18,188
Accumulated depreciation
At 01 July 2023 17,289 17,289
Charge for the financial year 584 584
At 30 June 2024 17,873 17,873
Net book value
At 30 June 2024 315 315
At 30 June 2023 899 899

4. Stocks

2024 2023
£ £
Raw materials 17,651 16,708

5. Debtors

2024 2023
£ £
Trade debtors 600 4,386
VAT recoverable 241 494
841 4,880

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 259 477
Accruals 2,250 3,189
Other creditors 51,250 50,000
53,759 53,666

7. Related party transactions

Included within creditors falling due within one year is a director's current account totalling £51,250 (2023: £50,000).