C & J METCALF LIMITED 28/02/2025 iXBRL

Company registration number: 08415495

C & J METCALF LIMITED

Unaudited filleted financial statements

28 February 2025

C & J METCALF LIMITED

Contents

Statement of financial position

Notes to the financial statements

C & J METCALF LIMITED

Statement of financial position

28 February 2025

		28/02/25		29/02/24
	Note	£	£	£	£

Fixed assets
Tangible assets	5	26,471		34,163
		_______		_______
			26,471		34,163

Current assets
Debtors	6	232,327		189,215
Cash at bank and in hand		31,516		39,094
		_______		_______
		263,843		228,309
Creditors: amounts falling due
within one year	7	( 129,944)		( 128,603)
		_______		_______
Net current assets			133,899		99,706
			_______		_______
Total assets less current liabilities			160,370		133,869

Creditors: amounts falling due
after more than one year	8		( 12,281)		( 26,309)

Provisions for liabilities	10		( 5,029)		( 6,622)

			_______		_______
Net assets			143,060		100,938
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			142,960		100,838
			_______		_______
Shareholders funds			143,060		100,938
			_______		_______

For the period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 10 September 2025 , and are signed on behalf of the board by:

Mr Christopher Metcalf Mr Michael Metcalf

Director Director

Company registration number: 08415495

C & J METCALF LIMITED

Notes to the financial statements

Period ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is C & J Metcalf Limited, Unit 3 Atlas Mills Business Park, Atlas Mills Road, Brighouse, West Yorkshire, HD6 1ES.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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 measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	20 %	straight line
Office equipment	-	33 %	straight line
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 10 (2024: 9 ).

5. Tangible assets

	Plant and machinery	Office equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 March 2024	16,869	4,852	92,323	114,044
Additions	1,604	579	-	2,183
	_______	_______	_______	_______
At 28 February 2025	18,473	5,431	92,323	116,227
	_______	_______	_______	_______
Depreciation
At 1 March 2024	11,890	4,297	63,694	79,881
Charge for the year	2,172	546	7,157	9,875
	_______	_______	_______	_______
At 28 February 2025	14,062	4,843	70,851	89,756
	_______	_______	_______	_______
Carrying amount
At 28 February 2025	4,411	588	21,472	26,471
	_______	_______	_______	_______
At 29 February 2024	4,979	555	28,629	34,163
	_______	_______	_______	_______

Obligations under finance leases

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:


		Motor vehicles
		£
	At 28 February 2025	11,304
		_______
	At 29 February 2024	15,072
		_______

6. Debtors

	28/02/25	29/02/24
	£	£
Trade debtors	146,354	88,288
Other debtors	85,973	100,927
	_______	_______
	232,327	189,215
	_______	_______

7. Creditors: amounts falling due within one year

	28/02/25	29/02/24
	£	£
Bank loans and overdrafts	25,541	13,601
Trade creditors	11,285	14,847
Corporation tax	20,016	-
Social security and other taxes	11,026	12,611
Other creditors	62,076	87,544
	_______	_______
	129,944	128,603
	_______	_______

8. Creditors: amounts falling due after more than one year

	28/02/25	29/02/24
	£	£
Bank loans and overdrafts	3,420	13,017
Other creditors	8,861	13,292
	_______	_______
	12,281	26,309
	_______	_______

9. Obligations under finance leases

Company lessee

The total future minimum lease payments under finance lease agreements are as follows:

	28/02/25	29/02/24
	£	£
Not later than 1 year	5,759	5,759
Later than 1 year and not later than 5 years	11,520	17,279
	_______	_______
	17,279	23,038
Less: future finance charges	( 3,987)	( 5,315)
	_______	_______
Present value of minimum lease payments	13,292	17,723
	_______	_______

10. Provisions

	Deferred tax (note 11)	Total
	£	£
At 1 March 2024	6,622	6,622
Charges against provisions	( 1,593)	( 1,593)
	_______	_______
At 28 February 2025	5,029	5,029
	_______	_______

11. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	28/02/25	29/02/24
	£	£
Included in provisions (note 10)	5,029	6,622
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	28/02/25	29/02/24
	£	£
Accelerated capital allowances	5,029	6,622
	_______	_______

12. Related party transactions

During the period the company entered into the following transactions with related parties:

	Balance owed by/(owed to)
	Year	Year
	ended	ended
	28/02/25	29/02/24
	£	£
C J Metcalf Property Limited (Co No: 13564416)	85,491	94,034
	_______	_______

The above party is related to the company due the controlling interest in the related party by director C Metcalf. The above loan provided to the company is unsecured and repayable on demand. Interest is charged on the loan at a rate of 2.56% per annum.