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Company Registration No. 12648579 (England and Wales)
Metalynx Ltd Amended unaudited accounts for the year ended 30 June 2025
Metalynx Ltd Amended unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Metalynx Ltd Company Information for the year ended 30 June 2025
Directors
Kanwal Kaur Bhatia Dominic John Keen
Company Number
12648579 (England and Wales)
Registered Office
71-75 Shelton Street London WC2H 9JQ England
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
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Metalynx Ltd Accountants' report
Accountants' report to the board of directors of Metalynx Ltd on the preparation of the unaudited statutory accounts for the year ended 30 June 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Metalynx Ltd for the year ended 30 June 2025 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Metalynx Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Metalynx Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Metalynx Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Metalynx Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Metalynx Ltd. You consider that Metalynx Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Metalynx Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY 4 December 2025
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Metalynx Ltd Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
15,577
6,922
Current assets
Debtors
5
108,950
70,534
Cash at bank and in hand
74,254
165,645
183,204
236,179
Creditors: amounts falling due within one year
6
(60,443)
(30,294)
Net current assets
122,761
205,885
Net assets
138,338
212,807
Capital and reserves
Called up share capital
3
3
Share premium
746,970
731,733
Profit and loss account
(608,635)
(518,929)
Shareholders' funds
138,338
212,807
For the year ending 30 June 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 4 December 2025 and were signed on its behalf by
Kanwal Kaur Bhatia Director Company Registration No. 12648579
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Metalynx Ltd Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Metalynx Ltd is a private company, limited by shares, registered in England and Wales, registration number 12648579. The registered office is 71-75 Shelton Street, London, WC2H 9JQ, 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
These financial statements for the year ended 30 June 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Principle Activity
The principal activity of the company during the period was the provision of business and domestic software development services. There has been no material change in this activity during the period.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to third party customers during the year. The goods and services are derived from the principal activities of the company.
Revenue Recognition
Revenue is measured at the fair value of consideration received or receivable, net of VAT and trade discounts. Service income is recognised as services are provided.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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:
Fixtures & fittings
3 years straight line
Computer equipment
3 years straight line
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Metalynx Ltd Notes to the Accounts for the year ended 30 June 2025
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Current Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 July 2024
613
9,698
10,311
Additions
-
15,415
15,415
At 30 June 2025
613
25,113
25,726
Depreciation
At 1 July 2024
297
3,092
3,389
Charge for the year
123
6,637
6,760
At 30 June 2025
420
9,729
10,149
Net book value
At 30 June 2025
193
15,384
15,577
At 30 June 2024
316
6,606
6,922
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
5,812
3,535
Accrued income and prepayments
8,277
-
Other debtors
94,861
66,999
108,950
70,534
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Metalynx Ltd Notes to the Accounts for the year ended 30 June 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
2,217
2,173
Taxes and social security
2,714
2,698
Other creditors
12,721
24,639
Loans from directors
41,430
784
Accruals
1,361
-
60,443
30,294
7
Pension commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions totalling £674 (2024: £639) were payable to the fund at the reporting date and are included in creditors.
8
Average number of employees
During the year the average number of employees was 3 (2024: 4).
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