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Registered number: 02972530










METZGER SEARCH & SELECTION LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
METZGER SEARCH & SELECTION LIMITED
REGISTERED NUMBER: 02972530

BALANCE SHEET
AS AT 31 DECEMBER 2024

31 December
30 September
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
454
1,574

Investments
 5 
100
100

  
554
1,674

Current assets
  

Debtors due after more than 1 year
 6 
8,418
8,418

Debtors due within 1 year
 6 
106,626
204,497

Cash at bank and in hand
 7 
49,052
74,235

  
164,096
287,150

Current liabilities
  

Creditors: amounts falling due within one year
 8 
(54,315)
(87,150)

Net current assets
  
 
 
109,781
 
 
200,000

Total assets less current liabilities
  
110,335
201,674

  

Net assets
  
110,335
201,674


Capital and reserves
  

Called up share capital 
  
100
100

Capital redemption reserve
  
80
80

Profit and loss account
  
110,155
201,494

  
110,335
201,674


Page 1

 
METZGER SEARCH & SELECTION LIMITED
REGISTERED NUMBER: 02972530

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J S Metzger
Director

Date: 24 May 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
METZGER SEARCH & SELECTION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

The Company is a private company limited by shares, and is incorporated in England and Wales, registration number 02972530. The address of its registered office is 8th Floor South, Reading Bridge House, George Street, Reading, Berkshire, RG1 8LS.
The Company has extended its year ended from 30 September 2024 to 31 December 2024.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
METZGER SEARCH & SELECTION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

  
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
METZGER SEARCH & SELECTION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

  
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 3).


4.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 October 2023
6,540



At 31 December 2024

6,540



Depreciation


At 1 October 2023
4,966


Charge for the period on owned assets
1,120



At 31 December 2024

6,086



Net book value



At 31 December 2024
454



At 30 September 2023
1,574

Page 5

 
METZGER SEARCH & SELECTION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

5.


Fixed asset investments








Investments in subsidiary companies

£



Cost or valuation


At 1 October 2023
100



At 31 December 2024
100





6.


Debtors

31 December
30 September
2024
2023
£
£

Due after more than one year

Other debtors
8,418
8,418

8,418
8,418


31 December
30 September
2024
2023

Due within one year

Trade debtors
8,048
118,839

Amounts owed by group undertakings
60,837
45,903

Other debtors
31,757
32,086

Prepayments and accrued income
5,984
7,669

106,626
204,497



7.


Cash and cash equivalents

31 December
30 September
2024
2023
£
£

Cash at bank and in hand
49,052
74,235


Page 6

 
METZGER SEARCH & SELECTION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

8.


Creditors: Amounts falling due within one year

31 December
30 September
2024
2023
£
£

Trade creditors
42,771
18,656

Other taxation and social security
2,959
26,610

Other creditors
185
736

Accruals and deferred income
8,400
41,148

54,315
87,150



9.


Share capital

31 December
30 September
2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



10.


Prior year adjustment

The accounts include a prior year restatement relating to the year ended 30 September 2023.  The nature of this adjustment relates to the restatement of expenditure from cost of sales to administrative expenses. The restatement has resulted in a decrease in cost of sales of £193,027 and a corresponding increase in administrative expenses. 


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £2,619 (2023: £2,333). Contributions totalling £185 (2023: £736) were payable to the fund at the balance sheet date and are included in creditors.


12.


Related party transactions

Included in other debtors is an amount of £31,757 (2023: £31,757) owed by the directors. The amounts outstanding are interest free and unsecured.
Included in debtors is an amount of £60,822 (2023: £45,906) owed by Metzger Business Search Ltd, a fellow subsidiary. The Company has recharged £57,930 of expenses (2023: £35,280) to Metzger Business Search Ltd. 

Page 7

 
METZGER SEARCH & SELECTION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

13.


Controlling party

The Company is owned by Metzger Group Limited, a company registered in England and Wales. The ultimate controlling party is J Metzger and P Thomas, directors of the Company.


Page 8