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Company Registration No. 13768333 (England and Wales)
METASET LTD Unaudited accounts for the year ended 30 November 2024
METASET LTD Unaudited accounts Contents
Page
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METASET LTD Company Information for the year ended 30 November 2024
Director
Olawale Ikotun
Company Number
13768333 (England and Wales)
Registered Office
20-22 Wenlock Road London N1 7GU ENGLAND
Accountants
Olaando Consulting Ltd 7 Bell Yard London WC2A 2JR
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METASET LTD Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,085 
12,960 
Current assets
Debtors
81,609 
77,119 
Cash at bank and in hand
85 
7,349 
81,694 
84,468 
Creditors: amounts falling due within one year
(16,309)
(32,225)
Net current assets
65,385 
52,243 
Net assets
73,470 
65,203 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
73,469 
65,202 
Shareholders' funds
73,470 
65,203 
For the year ending 30 November 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 August 2025 and were signed on its behalf by
Olawale Ikotun Director Company Registration No. 13768333
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METASET LTD Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
METASET LTD is a private company, limited by shares, registered in England and Wales, registration number 13768333. The registered office is 20-22 Wenlock Road, London, N1 7GU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Computer equipment
33% Straight line
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2023
12,632 
5,203 
17,835 
At 30 November 2024
12,632 
5,203 
17,835 
Depreciation
At 1 December 2023
3,158 
1,717 
4,875 
Charge for the year
3,158 
1,717 
4,875 
At 30 November 2024
6,316 
3,434 
9,750 
Net book value
At 30 November 2024
6,316 
1,769 
8,085 
At 30 November 2023
9,474 
3,486 
12,960 
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METASET LTD Notes to the Accounts for the year ended 30 November 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
19,243 
29,103 
Amounts falling due after more than one year
Other debtors
62,366 
48,016 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
15,659 
39,700 
Loans from directors
- 
(8,125)
Accruals
650 
650 
16,309 
32,225 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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