Registered number
11208961
Metro Services London Limited
Filleted Accounts
28 February 2025
Metro Services London Limited
Registered number: 11208961
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 29,337 44,928
Current assets
Debtors 4 16,662 14,664
Cash at bank and in hand 3,722 7,455
20,384 22,119
Creditors: amounts falling due within one year 5 (146,442) (145,907)
Net current liabilities (126,058) (123,788)
Total assets less current liabilities (96,721) (78,860)
Creditors: amounts falling due after more than one year 6 (10,789) (20,280)
Net liabilities (107,510) (99,140)
Capital and reserves
Called up share capital 1 1
Profit and loss account (107,511) (99,141)
Shareholders' funds (107,510) (99,140)
The director is 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 director acknowledges his 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. S. Pryor
Director
Approved by the board on 2 April 2025
Metro Services London Limited
Notes to the Accounts
for the year ended 28 February 2025
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.
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:
Plant and machinery over 5 years
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 2025 2024
Number Number
Average number of persons employed by the company - 2
3 Tangible fixed assets
Computer Equipment
£
Cost
At 1 March 2024 90,316
Additions 2,600
Disposals (2,166)
At 28 February 2025 90,750
Depreciation
At 1 March 2024 45,388
Charge for the year 18,191
On disposals (2,166)
At 28 February 2025 61,413
Net book value
At 28 February 2025 29,337
At 29 February 2024 44,928
4 Debtors 2025 2024
£ £
Trade debtors 16,662 14,664
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 12,695 6,518
Director's loan 124,655 124,655
Taxation and social security costs (908) 4,734
146,442 145,907
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 10,789 20,280
7 Share Capital Nominal 2025 2025 2024
Value number £ £
Allotted, called up and fully paid: Ordinary shares £1 each 1 1 1
8 Related Party Transactions
The directors' loan and current accounts represents amounts due from the Company to the directors for money advanced to the company. The directors appreciate that these sums are technically repayable on demand but would not be repaid to the detriment of the Company's financial position and the trading figure is based on their continued support by these loans.
9 Controlling party
The company is controlled by the director, Mr. S. Pryor.
10 Other information
Metro Services London Limited is a private company limited by shares and incorporated in England. Its registered office is:
First Floor, 1 Park Court,
Pyrford Road,
West Byfleet,
Surrey,
KT14 6SD.
It's place of business is:
12 Bradfied Road,
London,
E16 2AX.
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