Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 03850682 Mr Simon Astil Mr John Milsom iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03850682 2023-09-30 03850682 2024-09-30 03850682 2023-10-01 2024-09-30 03850682 frs-core:CurrentFinancialInstruments 2024-09-30 03850682 frs-core:FurnitureFittings 2024-09-30 03850682 frs-core:FurnitureFittings 2023-10-01 2024-09-30 03850682 frs-core:FurnitureFittings 2023-09-30 03850682 frs-core:MotorVehicles 2024-09-30 03850682 frs-core:MotorVehicles 2023-10-01 2024-09-30 03850682 frs-core:MotorVehicles 2023-09-30 03850682 frs-core:PlantMachinery 2024-09-30 03850682 frs-core:PlantMachinery 2023-10-01 2024-09-30 03850682 frs-core:PlantMachinery 2023-09-30 03850682 frs-core:ShareCapital 2024-09-30 03850682 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 03850682 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03850682 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 03850682 frs-bus:SmallEntities 2023-10-01 2024-09-30 03850682 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 03850682 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 03850682 frs-bus:Director1 2023-10-01 2024-09-30 03850682 frs-bus:Director2 2023-10-01 2024-09-30 03850682 frs-countries:EnglandWales 2023-10-01 2024-09-30 03850682 2022-09-30 03850682 2023-09-30 03850682 2022-10-01 2023-09-30 03850682 frs-core:CurrentFinancialInstruments 2023-09-30 03850682 frs-core:ShareCapital 2023-09-30 03850682 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 03850682
METALFLEX INDUSTRIAL SUPPLIES LIMITED
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 03850682
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 38,067 45,702
38,067 45,702
CURRENT ASSETS
Stocks 5 40,000 40,000
Debtors 6 351,379 348,603
Cash at bank and in hand 204,691 112,182
596,070 500,785
Creditors: Amounts Falling Due Within One Year 7 (274,648 ) (218,608 )
NET CURRENT ASSETS (LIABILITIES) 321,422 282,177
TOTAL ASSETS LESS CURRENT LIABILITIES 359,489 327,879
NET ASSETS 359,489 327,879
CAPITAL AND RESERVES
Called up share capital 8 6 6
Profit and Loss Account 359,483 327,873
SHAREHOLDERS' FUNDS 359,489 327,879
For the year ending 30 September 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Simon Astil
Director
Mr John Milsom
Director
22nd May 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
METALFLEX INDUSTRIAL SUPPLIES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 03850682 . The registered office is Unit 9 Adlington Court, Risley Road, Risley Warrington, Cheshire, WA3 6PL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery - 25& on reducing balance
Motor Vehicles - 25& on reducing balance
Fixtures & Fittings - 0%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 12)
11 12
Page 2
Page 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2023 130,153 50,089 15,159 195,401
As at 30 September 2024 130,153 50,089 15,159 195,401
Depreciation
As at 1 October 2023 120,370 29,329 - 149,699
Provided during the period 2,445 5,190 - 7,635
As at 30 September 2024 122,815 34,519 - 157,334
Net Book Value
As at 30 September 2024 7,338 15,570 15,159 38,067
As at 1 October 2023 9,783 20,760 15,159 45,702
5. Stocks
2024 2023
£ £
Stock 40,000 40,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 348,109 343,338
Prepayments and accrued income 3,270 5,265
351,379 348,603
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 168,019 130,456
Corporation tax 71,082 55,656
Other taxes and social security 5,564 5,408
VAT 27,413 22,729
Accrued expenses 2,200 4,120
Directors' loan accounts 370 239
274,648 218,608
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6 6
Page 3