Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-213true2024-01-01falseNo description of principal activity5trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09867537 2024-01-01 2024-12-31 09867537 2023-01-01 2023-12-31 09867537 2024-12-31 09867537 2023-12-31 09867537 2023-01-01 09867537 c:Director3 2024-01-01 2024-12-31 09867537 c:Director4 2024-01-01 2024-12-31 09867537 d:Buildings 2024-01-01 2024-12-31 09867537 d:Buildings d:ShortLeaseholdAssets 2024-01-01 2024-12-31 09867537 d:PlantMachinery 2024-01-01 2024-12-31 09867537 d:PlantMachinery 2024-12-31 09867537 d:PlantMachinery 2023-12-31 09867537 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09867537 d:MotorVehicles 2024-01-01 2024-12-31 09867537 d:MotorVehicles 2024-12-31 09867537 d:MotorVehicles 2023-12-31 09867537 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09867537 d:OfficeEquipment 2024-01-01 2024-12-31 09867537 d:OfficeEquipment 2024-12-31 09867537 d:OfficeEquipment 2023-12-31 09867537 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09867537 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09867537 d:CurrentFinancialInstruments 2024-12-31 09867537 d:CurrentFinancialInstruments 2023-12-31 09867537 d:Non-currentFinancialInstruments 2024-12-31 09867537 d:Non-currentFinancialInstruments 2023-12-31 09867537 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09867537 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09867537 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 09867537 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09867537 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 09867537 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 09867537 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 09867537 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 09867537 d:ShareCapital 2024-01-01 2024-12-31 09867537 d:ShareCapital 2024-12-31 09867537 d:ShareCapital 2023-01-01 2023-12-31 09867537 d:ShareCapital 2023-12-31 09867537 d:ShareCapital 2023-01-01 09867537 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 09867537 d:RetainedEarningsAccumulatedLosses 2024-12-31 09867537 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 09867537 d:RetainedEarningsAccumulatedLosses 2023-12-31 09867537 d:RetainedEarningsAccumulatedLosses 2023-01-01 09867537 c:FRS102 2024-01-01 2024-12-31 09867537 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09867537 c:FullAccounts 2024-01-01 2024-12-31 09867537 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09867537 2 2024-01-01 2024-12-31 09867537 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

09867537









METALOGALVA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
METALOGALVA LIMITED
REGISTERED NUMBER: 09867537

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
71,250
75,272

  
71,250
75,272

Current assets
  

Stocks
 5 
933,696
640,567

Debtors: amounts falling due within one year
 6 
212,777
427,793

Cash at bank and in hand
  
237,475
224,232

  
1,383,948
1,292,592

Creditors: amounts falling due within one year
 7 
(1,588,623)
(1,364,113)

Net current liabilities
  
 
 
(204,675)
 
 
(71,521)

Total assets less current liabilities
  
(133,425)
3,751

Creditors: amounts falling due after more than one year
 8 
(20,833)
(28,881)

  

Net liabilities
  
(154,258)
(25,130)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(154,358)
(25,230)

  
(154,258)
(25,130)


Page 1

 
METALOGALVA LIMITED
REGISTERED NUMBER: 09867537
    
STATEMENT OF FINANCIAL POSITION (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 year 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 income statement 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 on 21 May 2025.




................................................
Ms Margarida Maria Da Silva Caetano
................................................
Mr Bruno Oliveira Teixeira Da Mota
Director
Director

The notes on pages 5 to 11 form part of these financial statements.

Page 2

 
METALOGALVA LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2024
100
(25,230)
(25,130)


Comprehensive income for the year

Loss for the year

-
(129,128)
(129,128)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(129,128)
(129,128)


Total transactions with owners
-
-
-


At 31 December 2024
100
(154,358)
(154,258)


The notes on pages 5 to 11 form part of these financial statements.

Page 3

 
METALOGALVA LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2023
100
(77,472)
(77,372)


Comprehensive income for the year

Profit for the year

-
52,242
52,242


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
52,242
52,242


Total transactions with owners
-
-
-


At 31 December 2023
100
(25,230)
(25,130)


The notes on pages 5 to 11 form part of these financial statements.

Page 4

 
METALOGALVA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Metalogalva Limited is a private company limited by shares, incorporated in England & Wales, with registration number 09867537. The Registered Office address is at 2nd floor, 19 Margaret Street, London W1W 8RR. 

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Income Statement within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 5

 
METALOGALVA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 6

 
METALOGALVA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

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 reporting date in the countries where the Company operates and generates income.


 
2.9

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Page 7

 
METALOGALVA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Short-term leasehold property
-
Plant and machinery
-
15%
on a reducing balance basis
Motor vehicles
-
25%
on a reducing balance basis
Office equipment
-
15%
on a reducing balance basis

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.

 
2.10

Inventories

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

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.

 
2.12

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.

 
2.13

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 8

 
METALOGALVA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

The average monthly number of employees, including the Directors, during the year was as follows:


        2024
        2023
            No.
            No.







Office and administration
1
1



Sales. marketing and distribution
2
4

3
5


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2024
77,462
17,676
6,993
102,131


Additions
1,746
-
-
1,746



At 31 December 2024

79,208
17,676
6,993
103,877



Depreciation


At 1 January 2024
3,811
17,676
5,372
26,859


Charge for the year on owned assets
4,655
-
1,113
5,768



At 31 December 2024

8,466
17,676
6,485
32,627



Net book value



At 31 December 2024
70,742
-
508
71,250



At 31 December 2023
73,651
-
1,621
75,272

Page 9

 
METALOGALVA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Inventories

2024
2023
£
£

Finished goods and goods for resale
933,696
640,567

933,696
640,567



6.


Debtors

2024
2023
£
£


Trade debtors
208,027
406,348

Other debtors
-
13,279

Prepayments and accrued income
4,750
8,166

212,777
427,793



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
70,736
1,256,183

Amounts owed to group undertakings
1,473,716
-

Corporation tax
-
3,266

Other taxation and social security
22,014
87,559

Other creditors
1,436
7,700

Accruals and deferred income
20,721
9,405

1,588,623
1,364,113



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
20,833
28,881

20,833
28,881


Page 10

 
METALOGALVA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 1-2 years

Bounce Bank loan
13,766
21,814


13,766
21,814

Amounts falling due 2-5 years

Bounce Back loan
7,067
7,067


7,067
7,067


20,833
28,881



10.


Controlling party

The ultimate controlling party and ultimate beneficial owner is Mr A P R B Martinho Antunes, ex-company director.

 
Page 11