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Company Registration Number: 03232971
 
 
Metalform Limited
 
Director's Report and Unaudited Financial Statements
 
for the financial year ended 30 November 2024
Metalform Limited
DIRECTOR AND OTHER INFORMATION

 
Director Stephen Callaghan
 
 
Company Secretary Natalie Callaghan
 
 
Company Registration Number 03232971
 
 
Registered Office 8-10 Gatley Road
Cheadle
Cheshire
SK8 1PY
 
 
Business Address Unit 4 Wyvern Avenue, Reddish
Stockport
SK5 7DD
 
 
Accountants Langers
Chartered Certified Accountants
8-10 Gatley Road
Cheadle
Cheshire
SK8 1PY



Metalform Limited
DIRECTOR'S REPORT
for the financial year ended 30 November 2024

 
The director presents his report and the unaudited financial statements for the financial year ended 30 November 2024.
     
Director
The director who served during the financial year is as follows:
     
Stephen Callaghan
   
     
Statement of Director's Responsibilities
     
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:
select suitable accounting policies and apply them consistently;
make judgements and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
___________________________
Stephen Callaghan
Director
     
13 June 2025



Metalform Limited

CHARTERED CERTIFIED ACCOUNTANTS REPORT
to the director on the preparation of the unaudited statutory accounts of Metalform Limited
for the financial year ended 30 November 2024
 
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Metalform Limited for the financial year ended 30 November 2024 which comprise the Income Statement, the Statement of Financial Position and the related notes thereto from the company's accounting records and from information and explanations you have given to us.
 
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
<http://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html>
 
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
<http://www.accaglobal.com/ie/en/technical-activities/technical-resources-search/2009/october/factsheet-163-audit-exempt-companies.html>
 
 
 
__________________________________
LANGERS
Chartered Certified Accountants
8-10 Gatley Road
Cheadle
Cheshire
SK8 1PY
 
13 June 2025



Metalform Limited
INCOME STATEMENT
for the financial year ended 30 November 2024
2024 2023
Notes £ £

Turnover 284,828 258,607
 
Cost of sales (91,648) (74,943)
───────── ─────────
Gross profit 193,180 183,664
 
Administrative expenses (169,207) (164,133)
Other operating income 208 306
───────── ─────────
Operating profit 24,181 19,837
 
Interest receivable and similar income 16 36
Interest payable and similar expenses (1) (4)
───────── ─────────
Profit before taxation 24,196 19,869
 
Tax on profit (4,623) (3,800)
───────── ─────────
Profit for the financial year 19,573 16,069
───────── ─────────
Total comprehensive income 19,573 16,069
         
Equity dividends   (23,000)   (23,000)
Retained profit brought forward   175,721   182,652
    ─────────   ─────────
Retained profit carried forward   172,294   175,721
    ═════════   ═════════



Metalform Limited
Company Registration Number: 03232971
STATEMENT OF FINANCIAL POSITION
as at 30 November 2024

2024 2023
Notes £ £
 
Non-Current Assets
Property, plant and equipment 4 152 537
───────── ─────────
 
Current Assets
Stocks 5 2,428 1,268
Debtors 6 216,848 211,777
Cash and cash equivalents 22,828 20,665
───────── ─────────
242,104 233,710
───────── ─────────
Creditors: amounts falling due within one year 7 (64,933) (53,424)
───────── ─────────
Net Current Assets 177,171 180,286
───────── ─────────
Total Assets less Current Liabilities 177,323 180,823
 
Provisions for liabilities 8 (29) (102)
───────── ─────────
Net Assets 177,294 180,721
═════════ ═════════
 
Capital and Reserves
Called up share capital 5,000 5,000
Retained earnings 172,294 175,721
───────── ─────────
Equity attributable to owners of the company 177,294 180,721
═════════ ═════════
 
The financial statements have been prepared 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).
           
For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 13 June 2025
           
           
________________________________          
Stephen Callaghan          
Director          
           



Metalform Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 November 2024

   
1. General Information
 
Metalform Limited is a company limited by shares incorporated and registered in England. The registered number of the company is 03232971. The registered office of the company is 8-10 Gatley Road, Cheadle, Cheshire, SK8 1PY. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 November 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 25% Reducing balance and straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Foreign currencies
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 4, (2023 - 4).
 
  2024 2023
  Number Number
 
Director 1 1
Non-directors 3 3
  ───────── ─────────
  4 4
  ═════════ ═════════
       
4. Property, plant and equipment
  Plant and Total
  machinery  
     
  £ £
Cost
At 1 December 2023 196,754 196,754
  ───────── ─────────
 
At 30 November 2024 196,754 196,754
  ───────── ─────────
Depreciation
At 1 December 2023 196,217 196,217
Charge for the financial year 385 385
  ───────── ─────────
At 30 November 2024 196,602 196,602
  ───────── ─────────
Net book value
At 30 November 2024 152 152
  ═════════ ═════════
At 30 November 2023 537 537
  ═════════ ═════════
       
5. Stocks 2024 2023
  £ £
 
Finished goods and goods for resale 2,428 1,268
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
6. Debtors 2024 2023
  £ £
 
Trade debtors 49,754 49,074
Amounts owed by connected parties (Note 10) 150,717 150,717
Prepayments and accrued income 16,377 11,986
  ───────── ─────────
  216,848 211,777
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Trade creditors 21,402 8,995
Taxation 20,796 17,481
Director's current account 2,048 1,290
Other creditors 18,712 23,987
Accruals:
Pension accrual 556 276
Other accruals 1,419 1,395
  ───────── ─────────
  64,933 53,424
  ═════════ ═════════
         
8. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2024 2023
  £ £ £
 
At financial year start 102 102 243
Charged to profit and loss (73) (73) (141)
  ───────── ───────── ─────────
At financial year end 29 29 102
  ═════════ ═════════ ═════════
       
9. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 November 2024.
           
10. Related party transactions
  Balance Movement Balance Maximum
  2024 in year 2023 in year
  £ £ £ £
 
Cornbrook Properties Ltd 150,717 - 150,717 150,717
  ───────── ───────── ───────── ═════════
 
At 30 November 2024 Cornbrook Properties Ltd owes Metalform Ltd £150,717 (2023: £150,717) in respect of an unsecured loan, which bears no interest.

At 30 November 2024 the company owed £2,048 to the director (2023: £1,290). No interest has been charged to the company in respect of this loan, which is repayable on demand and classified in creditors due within one year.
   
11. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.



Metalform Limited
SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
TRADING STATEMENT
for the financial year ended 30 November 2024
2024 2023
£ £

Sales 284,828 258,607
───────── ─────────
       
Cost of sales
Opening stock 1,268   4,942
Purchases 91,966 71,269
Direct costs 842 -
  ─────────   ─────────
  94,076   76,211
Closing stock (2,428)   (1,268)
  ─────────   ─────────
  91,648   74,943
  ─────────   ─────────
       
Gross profit 193,180   183,664
  ─────────   ─────────
Gross profit Percentage 67.8%   71.0%
  ─────────   ─────────
       
Administrative expenses
Wages and salaries 78,703   77,659
Director's Remuneration 9,204   9,204
Social security costs 2,044   2,504
Staff defined contribution pension costs 1,743 1,230
Use of premises 312 312
Rent payable 39,000 39,000
Rates 14,620 12,473
Insurance 2,368 2,046
Light and heat 7,660 5,503
Repairs and maintenance 3,592 3,402
Printing, postage and stationery 908 478
Advertising 500 -
Telephone  Broadband 1,334 1,490
Computer costs 483 402
Motor expenses 3,249 3,608
Travelling and subsistence 287 124
Pension fees 636 636
Accountancy Fees 1,941 1,959
Bank charges 150 150
Bad debts (644) 769
General expenses 420 245
Subscriptions 283 199
Depreciation of tangible assets 385   740
Charitable donations 29   -
  ─────────   ─────────
  169,207   164,133
  ─────────   ─────────
       
Finance
Interest paid on overdue taxation 1 4
  ─────────   ─────────
       
Miscellaneous income
Sundry income 208 306
Other interest -   6
Bank interest 16   30
  ─────────   ─────────
  224   342
  ─────────   ─────────
       
Net profit 24,196   19,869
  ═════════   ═════════