Metapic Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 00677296

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		117,544		123,825

			117,544		123,825
CURRENT ASSETS
Stocks		7,800		7,800
Debtors		894,835		656,336
Cash at bank and in hand		154,063		73,168

		1,056,698		737,304
Creditors: Amounts Falling Due Within One Year		(166,536 )		(125,596 )

NET CURRENT ASSETS (LIABILITIES)			890,162		611,708

TOTAL ASSETS LESS CURRENT LIABILITIES			1,007,706		735,533

Creditors: Amounts Falling Due After More Than One Year			(1,838 )		(11,667 )

NET ASSETS			1,005,868		723,866

CAPITAL AND RESERVES
Called up share capital	6		11,650		11,650
Profit and Loss Account			994,218		712,216

SHAREHOLDERS' FUNDS			1,005,868		723,866

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Metapic Limited

Abridged Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Richard Lester

Director

30 October 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Metapic Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00677296 . The registered office is Brimington Road North, Chesterfield, S41 9BG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	25% on reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when this relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2024: 9)

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Metapic Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Total
	£
Cost
As at 1 April 2024	215,625
Additions	29,161

As at 31 March 2025	244,786

Depreciation
As at 1 April 2024	91,800
Provided during the period	35,442

As at 31 March 2025	127,242

Net Book Value
As at 31 March 2025	117,544

As at 1 April 2024	123,825

5. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Bank loans and overdrafts	11,838		21,667

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	11,650	11,650

7. Related Party Transactions

Included in debtors is £590,112 (2024 : £404,122) due from Richard Lester Transport Ltd and £92,177 (2024 : £97,177), both companies being under common control.

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