Registered number
03036538
Metcalfe Software Ltd.
Unaudited Filleted Accounts
31 March 2025
Metcalfe Software Ltd.
Registered number: 03036538
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 321 2
Current assets
Debtors 4 26,460 -
Cash at bank and in hand 113,455 115,391
139,915 115,391
Creditors: amounts falling due within one year 5 (33,717) (34,338)
Net current assets 106,198 81,053
Total assets less current liabilities 106,519 81,055
Creditors: amounts falling due after more than one year 6 (11,287) (13,565)
Provisions for liabilities (61) -
Net assets 95,171 67,490
Capital and reserves
Allotted called up and fully paid share capital 100 100
Profit and loss account 95,071 67,390
Shareholder's funds 95,171 67,490
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Timothy Metcalfe
Director
Approved by the board on 7 August 2025
Metcalfe Software Ltd.
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 1,019
Additions 338
At 31 March 2025 1,357
Depreciation
At 1 April 2024 1,017
Charge for the year 19
At 31 March 2025 1,036
Net book value
At 31 March 2025 321
At 31 March 2024 2
4 Debtors 2025 2024
£ £
Trade debtors 26,460 -
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 2,417 2,360
Trade creditors 18,117 19,295
Taxation and social security costs 12,231 11,811
Other creditors 952 872
33,717 34,338
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 11,287 13,565
7 Other information
Metcalfe Software Ltd. is a private company limited by shares and incorporated in England. Its registered office is:
Cavendish House
St Andrews Court
Leeds
LS3 1JY
Metcalfe Software Ltd. 03036538 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts July 2024 Timothy Metcalfe No description of principal activity 03036538 2023-04-01 2024-03-31 03036538 core:WithinOneYear 2024-03-31 03036538 core:AfterOneYear 2024-03-31 03036538 core:ShareCapital 2024-03-31 03036538 core:RetainedEarningsAccumulatedLosses 2024-03-31 03036538 2024-04-01 2025-03-31 03036538 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03036538 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 03036538 bus:Director40 2024-04-01 2025-03-31 03036538 1 2024-04-01 2025-03-31 03036538 2 2024-04-01 2025-03-31 03036538 core:PlantMachinery 2024-04-01 2025-03-31 03036538 countries:England 2024-04-01 2025-03-31 03036538 bus:FRS102 2024-04-01 2025-03-31 03036538 bus:FilletedAccounts 2024-04-01 2025-03-31 03036538 2025-03-31 03036538 core:WithinOneYear 2025-03-31 03036538 core:AfterOneYear 2025-03-31 03036538 core:ShareCapital 2025-03-31 03036538 core:RetainedEarningsAccumulatedLosses 2025-03-31 03036538 core:PlantMachinery 2025-03-31 03036538 2024-03-31 03036538 core:PlantMachinery 2024-03-31 iso4217:GBP xbrli:pure