Company registration number 04715135 (England and Wales)
S & R METCALFE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
S & R METCALFE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
S & R METCALFE LIMITED
BALANCE SHEET
AS AT
26 SEPTEMBER 2024
26 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
805
1,530
Current assets
Stocks
84,720
85,037
Debtors
5
3,422
3,422
Cash at bank and in hand
3,321
1,828
91,463
90,287
Creditors: amounts falling due within one year
6
(74,954)
(70,397)
Net current assets
16,509
19,890
Total assets less current liabilities
17,314
21,420
Provisions for liabilities
(451)
(451)
Net assets
16,863
20,969
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
16,763
20,869
Total equity
16,863
20,969
S & R METCALFE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
26 SEPTEMBER 2024
26 September 2024
- 2 -

For the financial year ended 26 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 of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 25 June 2025 and are signed on its behalf by:
S Metcalfe
R Thorp
Director
Director
Company registration number 04715135 (England and Wales)
S & R METCALFE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information

S & R Metcalfe Limited is a private company limited by shares incorporated in England and Wales. The registered office is St Paul's House, 23 Park Square, Leeds, West Yorkshire, United Kingdom, LS1 2ND.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services excluding discounts, rebates, VAT and other sales taxes.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and any accumulated impairment losses.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% on reducing balance
Fixtures and fittings
15% on reducing balance
Computers
25% on reducing balance
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

S & R METCALFE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 26 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised 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 calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
10
11
3
Intangible fixed assets
Goodwill
£
Cost
At 27 September 2023 and 26 September 2024
100,000
Amortisation and impairment
At 27 September 2023 and 26 September 2024
100,000
Carrying amount
At 26 September 2024
-
0
At 26 September 2023
-
0
S & R METCALFE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 26 SEPTEMBER 2024
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 27 September 2023 and 26 September 2024
15,835
Depreciation and impairment
At 27 September 2023
14,305
Depreciation charged in the year
725
At 26 September 2024
15,030
Carrying amount
At 26 September 2024
805
At 26 September 2023
1,530
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
578
578
Corporation tax recoverable
2,844
2,844
3,422
3,422
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
16,661
17,977
Trade creditors
29,851
37,008
Taxation and social security
10,280
7,113
Other creditors
18,162
8,299
74,954
70,397
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