Registered number
07084395
MettaCare Ltd
Unaudited Filleted Accounts
30 November 2024
MettaCare Ltd
Registered number: 07084395
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 12,108 14,092
Tangible assets 4 20,405 25,573
32,513 39,665
Current assets
Debtors 5 286,113 218,631
Cash at bank and in hand 294,238 245,575
580,351 464,206
Creditors: amounts falling due within one year 6 (337,890) (262,914)
Net current assets 242,461 201,292
Total assets less current liabilities 274,974 240,957
Provisions for liabilities (5,101) (7,112)
Net assets 269,873 233,845
Capital and reserves
Called up share capital 100 100
Profit and loss account 269,773 233,745
Shareholders' funds 269,873 233,845
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.
Mr C J Carter
Director
Approved by the board on 7 March 2025
MettaCare Ltd
Notes to the Accounts
for the year ended 30 November 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment and furniture 25% reducing balance
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 117 121
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2023 39,685
At 30 November 2024 39,685
Amortisation
At 1 December 2023 25,593
Provided during the year 1,984
At 30 November 2024 27,577
Net book value
At 30 November 2024 12,108
At 30 November 2023 14,092
The Franchise licence fee is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2023 63,361
Additions 2,778
Disposals (4,818)
At 30 November 2024 61,321
Depreciation
At 1 December 2023 37,788
Charge for the year 6,802
On disposals (3,674)
At 30 November 2024 40,916
Net book value
At 30 November 2024 20,405
At 30 November 2023 25,573
5 Debtors 2024 2023
£ £
Trade debtors 245,526 206,165
Other debtors 40,587 12,466
286,113 218,631
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 36,526 27,358
Taxation and social security costs 110,233 87,283
Other creditors 191,131 148,273
337,890 262,914
7 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases - 31,220
8 Share based payment transactions
Enterprise Management Incentive (EMI) Scheme.

On 18th December 2023 the company granted share options to certain employees under the Company's Enterprise Management Incentive Scheme. The number of shares subject to the option may ordinarily be exercised at an exit event (eg. company sale) or 9 years from the grant date if sooner.
Exercise price £0.15 per share
Number of shares 10,204
Number of employees 2
Performance conditions None
9 Other information
MettaCare Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 17, Diamond House
Vulcan Road North
Norwich
NR6 6AQ
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