| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| For The Year Ended 31st March 2025 |
| for |
| F E Metcalfe & Co Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| For The Year Ended 31st March 2025 |
| for |
| F E Metcalfe & Co Limited |
| F E Metcalfe & Co Limited (Registered number: 07862998) |
| Contents of the Financial Statements |
| For The Year Ended 31st March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| F E Metcalfe & Co Limited |
| Company Information |
| For The Year Ended 31st March 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 4 Old Market Place |
| Ripon |
| North Yorkshire |
| HG4 1EQ |
| F E Metcalfe & Co Limited (Registered number: 07862998) |
| Balance Sheet |
| 31st March 2025 |
| 31.3.25 | 31.3.24 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 5 |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| F E Metcalfe & Co Limited (Registered number: 07862998) |
| Balance Sheet - continued |
| 31st March 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| F E Metcalfe & Co Limited (Registered number: 07862998) |
| Notes to the Financial Statements |
| For The Year Ended 31st March 2025 |
| 1. | STATUTORY INFORMATION |
| F E Metcalfe & Co Limited is a |
| 2. | STATEMENT OF COMPLIANCE |
| These financial statements were prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland ("FRS 102") as issued in August 2014. The financial statements have been prepared under the historical cost convention and in accordance with the Companies Act 2006. |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable for services provided, net of VAT and any discounts. Turnover is recognised when the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. The value of services invoiced during the year is adjusted for opening work-in-progress that is invoiced during the year and closing work-in-progress. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of a business in 2012, was amortised evenly over it estimated useful life of nine years. The Goodwill was fully amortised by 31 March 2021. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: |
| Short Leasehold 20% straight line on cost |
| Plant and machinery 25% straight line on cost |
| Fixtures and fittings 25% straight line on cost |
| Computer equipment 33.33% straight line on cost |
| Work in progress |
| Work in progress represents the value of time incurred but not invoiced at the year end. Work-in-progress is valued at the lower of cost and net realisable value. |
| Taxation |
| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| F E Metcalfe & Co Limited (Registered number: 07862998) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st March 2025 |
| 3. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease |
| Pension costs and other post-retirement benefits |
| The company contributes to some of their employees personal pension schemes. Contributions payable to the individual pension schemes are charged to the profit and loss account in the period to which they relate. The company does not operate its own pension scheme and does not have any further liability for staff pensions other than as noted above. |
| Debtors and creditors receivable / payable within one year |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
| Loans and borrowings |
| Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value. |
| A basic financial liability that is a loan from a person who is a director and a shareholder is recorded at the initial transaction price and is not measured at fair value. |
| Employee benefits |
| When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| F E Metcalfe & Co Limited (Registered number: 07862998) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st March 2025 |
| 5. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1st April 2024 |
| and 31st March 2025 |
| AMORTISATION |
| At 1st April 2024 |
| and 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st March 2024 |
| 6. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | Plant and | and | Computer |
| leasehold | machinery | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1st April 2024 |
| Additions |
| At 31st March 2025 |
| DEPRECIATION |
| At 1st April 2024 |
| Charge for year |
| At 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st March 2024 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Trade debtors |
| Prepayments |
| F E Metcalfe & Co Limited (Registered number: 07862998) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st March 2025 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Trade creditors |
| Corporation Tax |
| Social security and other taxes |
| Other creditors |
| Directors' current accounts | 20,841 | 8,432 |
| Deferred income |
| Accrued expenses |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Directors' loan accounts | 398,008 | 402,056 |
| 10. | PROVISIONS FOR LIABILITIES |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Deferred tax | 5,700 | 5,700 |
| Deferred |
| tax |
| £ |
| Balance at 1st April 2024 |
| Balance at 31st March 2025 |
| 11. | ULTIMATE CONTROLLING PARTY |