Company Registration No. 03005712 (England and Wales)
Metering Technology Solutions Limited
Unaudited accounts
for the year ended 30 June 2024
Metering Technology Solutions Limited
Unaudited accounts
Contents
Metering Technology Solutions Limited
Company Information
for the year ended 30 June 2024
Directors
Sarah Whittaker
Robert Whittaker
Company Number
03005712 (England and Wales)
Registered Office
Dogmore
Stoke Row
Henley On Thames
Oxfordshire
RG9 5PD
United Kingdom
Accountants
Redwood Accountants
26 Martingale Grove
Arborfield Green
Reading
Berkshire
RG2 9HD
Metering Technology Solutions Limited
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
309,918
293,061
Creditors: amounts falling due within one year
(263,411)
(266,677)
Net current assets
480,539
353,418
Net assets
480,539
353,418
Called up share capital
101
101
Profit and loss account
480,438
353,317
Shareholders' funds
480,539
353,418
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by
Robert Whittaker
Director
Company Registration No. 03005712
Metering Technology Solutions Limited
Notes to the Accounts
for the year ended 30 June 2024
Metering Technology Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 03005712. The registered office is Dogmore, Stoke Row, Henley On Thames, Oxfordshire, RG9 5PD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10 years straight line
Plant & machinery
4 years straight line
Fixtures & fittings
3 years straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Metering Technology Solutions Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
75,583
24,463
16,074
116,120
Disposals
(75,583)
(24,463)
(16,074)
(116,120)
At 1 July 2023
75,583
24,463
16,074
116,120
On disposals
(75,583)
(24,463)
(16,074)
(116,120)
Finished goods
61,052
56,053
Amounts falling due within one year
Trade debtors
367,566
242,579
Accrued income and prepayments
5,414
15,294
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
34,087
9,119
Taxes and social security
54,773
39,142
Other creditors
1,497
3,319
Loans from directors
12,045
9,885
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
1 Ordinary C shares of £1 each
1
1
Metering Technology Solutions Limited
Notes to the Accounts
for the year ended 30 June 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors loan
(9,924)
-
2,160
(12,084)
Loans are provided interest free with no set repayment terms.
10
Average number of employees
During the year the average number of employees was 9 (2023: 9).