1 September 2023 false Taxfiler 2024.6 SC573042business:PrivateLimitedCompanyLtd2023-09-012024-08-31 SC5730422023-08-31 SC5730422023-09-012024-08-31 SC573042business:AuditExemptWithAccountantsReport2023-09-012024-08-31 SC573042business:FilletedAccounts2023-09-012024-08-31 SC5730422024-08-31 SC573042business:Director12023-09-012024-08-31 SC573042business:RegisteredOffice2023-09-012024-08-31 SC5730422023-08-31 SC573042core:WithinOneYear2024-08-31 SC573042core:WithinOneYear2023-08-31 SC573042core:AfterOneYear2024-08-31 SC573042core:AfterOneYear2023-08-31 SC573042core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 SC573042core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 SC573042core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 SC573042core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 SC573042core:PreviouslyStatedAmount2024-08-31 SC573042core:PreviouslyStatedAmount2023-08-31 SC573042business:SmallEntities2023-09-012024-08-31 SC573042countries:Scotland2023-09-012024-08-31 SC573042core:MotorVehicles2023-09-012024-08-31 SC573042core:FurnitureFittings2023-09-012024-08-31 SC573042core:ComputerEquipment2023-09-012024-08-31 SC573042core:MotorVehicles2023-08-31 SC573042core:FurnitureFittings2023-08-31 SC573042core:ComputerEquipment2023-08-31 SC573042core:MotorVehicles2024-08-31 SC573042core:FurnitureFittings2024-08-31 SC573042core:ComputerEquipment2024-08-31 SC5730422022-09-012023-08-31 iso4217:GBP xbrli:pure
Company Registration No. SC573042 (Scotland)
Allied Metro Ltd Unaudited Accounts for the year ended 31 August 2024
Allied Metro Ltd Unaudited Accounts Contents
Page
- 2 -
Allied Metro Ltd Company Information for the year ended 31 August 2024
Director
Abrar Ahmad
Company Number
SC573042 (Scotland)
Registered Office
84 TORYGLEN STREET UNIT 4-6 GLASGOW G5 0BH SCOTLAND
Accountants
BCi Accountants Suite 2/3 - 48 West George Street Glasgow Scotland G2 1BP
- 3 -
Allied Metro Ltd Accountants' report
Accountants' report to the director of Allied Metro Ltd on the preparation of the unaudited statutory accounts for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Allied Metro Ltd for the year ended 31 August 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Allied Metro Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Allied Metro Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Allied Metro Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Allied Metro Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Allied Metro Ltd. You consider that Allied Metro Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Allied Metro Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
BCi Accountants Suite 2/3 - 48 West George Street Glasgow Scotland G2 1BP 29 May 2025
- 4 -
Allied Metro Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
100,398 
120,924 
Current assets
Inventories
850,000 
745,000 
Debtors
430,220 
502,235 
Cash at bank and in hand
294,556 
325,461 
1,574,776 
1,572,696 
Creditors: amounts falling due within one year
(587,650)
(601,650)
Net current assets
987,126 
971,046 
Total assets less current liabilities
1,087,524 
1,091,970 
Creditors: amounts falling due after more than one year
(874,991)
(900,389)
Provisions for liabilities
Other provisions
(45,020)
(52,030)
Net assets
167,513 
139,551 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
167,413 
139,451 
Shareholders' funds
167,513 
139,551 
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 29 May 2025 and were signed on its behalf by
Abrar Ahmad Director Company Registration No. SC573042
- 5 -
Allied Metro Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Allied Metro Ltd is a private company, limited by shares, registered in Scotland, registration number SC573042. The registered office is 84 TORYGLEN STREET, UNIT 4-6, GLASGOW, G5 0BH, SCOTLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
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:
Motor vehicles
10 Percent Straight Line
Fixtures & fittings
10 Percent Straight Line
Computer equipment
10 Percent Straight Line
Stock
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell.
Government grants
No Government Grants were received by the Company during the financial year 1 September 2021 to 31 August 2022
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
- 6 -
Allied Metro Ltd Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
98,050 
152,217 
- 
250,267 
Additions
- 
- 
4,500 
4,500 
At 31 August 2024
98,050 
152,217 
4,500 
254,767 
Depreciation
At 1 September 2023
47,369 
81,974 
- 
129,343 
Charge for the year
9,805 
15,221 
- 
25,026 
At 31 August 2024
57,174 
97,195 
- 
154,369 
Net book value
At 31 August 2024
40,876 
55,022 
4,500 
100,398 
At 31 August 2023
50,681 
70,243 
- 
120,924 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
430,220 
502,235 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
8,443 
5,228 
Obligations under finance leases and hire purchase contracts
19,201 
18,449 
Trade creditors
547,234 
569,984 
Taxes and social security
12,772 
7,989 
587,650 
601,650 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
250,000 
300,000 
Loans from directors
624,991 
600,389 
874,991 
900,389 
8
Average number of employees
During the year the average number of employees was 36 (2023: 36).
- 7 -