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REGISTERED NUMBER: SC532323 (Scotland)















Financial Statements For The Year Ended 30 April 2025

for

Metiscube Limited

Metiscube Limited (Registered number: SC532323)






Contents of the Financial Statements
For The Year Ended 30 April 2025




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Metiscube Limited

Company Information
For The Year Ended 30 April 2025







DIRECTORS: S A Nicholson
K Nicholson





REGISTERED OFFICE: c/o Robb Ferguson
Regent Court
70 West Regent Street
Glasgow
G2 2QZ





REGISTERED NUMBER: SC532323 (Scotland)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

Metiscube Limited (Registered number: SC532323)

Abridged Statement of Financial Position
30 April 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,604 2,793

CURRENT ASSETS
Debtors 6,712 14,795
Cash at bank 3,565 27,134
10,277 41,929
CREDITORS
Amounts falling due within one year 56,683 31,190
NET CURRENT (LIABILITIES)/ASSETS (46,406 ) 10,739
TOTAL ASSETS LESS CURRENT
LIABILITIES

(41,802

)

13,532

CREDITORS
Amounts falling due after more than one
year

5

10,030

12,604
NET (LIABILITIES)/ASSETS (51,832 ) 928

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (51,932 ) 828
SHAREHOLDERS' FUNDS (51,832 ) 928

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Metiscube Limited (Registered number: SC532323)

Abridged Statement of Financial Position - continued
30 April 2025


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

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2025 and were signed on its behalf by:





S A Nicholson - Director


Metiscube Limited (Registered number: SC532323)

Notes to the Financial Statements
For The Year Ended 30 April 2025

1. STATUTORY INFORMATION

Metiscube Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has net liabilities. This is due to funds due to the company directors. The funds will not be sought for repayment until the company is in a position to do so. On this basis, the directors consider it appropriate for the accounts to be prepared on the going concern basis.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services
Turnover 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 turnover 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer Equipment - 25% on reducing balance

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the statement of comprehensive income. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the statement of comprehensive income.


Metiscube Limited (Registered number: SC532323)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2025

2. ACCOUNTING POLICIES - continued
Taxation and deferred tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2024 5,895
Additions 2,755
At 30 April 2025 8,650
DEPRECIATION
At 1 May 2024 3,102
Charge for year 944
At 30 April 2025 4,046
NET BOOK VALUE
At 30 April 2025 4,604
At 30 April 2024 2,793

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2025 2024
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 2,274 4,848

Metiscube Limited (Registered number: SC532323)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2025

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

2025 2024
£    £   
S A Nicholson
Balance outstanding at start of year 4,780 (449 )
Amounts advanced - 60,455
Amounts repaid (53,823 ) (55,226 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (49,043 ) 4,780