METAL-X LIMITED - Filleted accounts

METAL-X LIMITED
Registered number:		05874880
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		37,112			49,482

Current assets
Stocks		3,000			3,000
Debtors	4	226,194			175,417
Cash at bank and in hand		492,241			403,041
		721,435			581,458

Creditors: amounts falling due within one year	5	(208,608)			(134,231)

Net current assets			512,827			447,227

Total assets less current liabilities			549,939			496,709


Provisions for liabilities			-			(1,581)


Net assets			549,939			495,128

Capital and reserves
Called up share capital			2			2
Profit and loss account			549,937			495,126

Shareholders' funds			549,939			495,128

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.




Mr R J Price
Director
Approved by the board on 2 October 2025

METAL-X LIMITED
Notes to the Accounts
for the year ended 31 July 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	25% on reducing balance
	Fixtures, fittings, tools and equipment	" " " "

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			8		7


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 August 2024	24,750		84,445		109,195
	At 31 July 2025	24,750		84,445		109,195

	Depreciation
	At 1 August 2024	19,185		40,528		59,713
	Charge for the year	1,391		10,979		12,370
	At 31 July 2025	20,576		51,507		72,083

	Net book value
	At 31 July 2025	4,174		32,938		37,112
	At 31 July 2024	5,565		43,917		49,482


4	Debtors			2025		2024
£					£

	Trade debtors			220,546		162,229
	Other debtors			5,648		13,188
				226,194		175,417


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			142,209		99,695
	Taxation and social security costs			51,627		23,136
	Other creditors			14,772		11,400
				208,608		134,231


6	Related party transactions

	The directors have loaned funds to the company free of interest and the amount outstanding at the year end was £181 (2024-£440).


7	Controlling party

	The ultimate control of the company rests with Mr and Mrs Price who are directors and each owns 50% of the issued shares.


8	Other information

	METAL-X LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Bay 4
	Unit 38 Bayton Road
	Exhall
	Coventry
	CV7 9RJ