Company registration number 00460566 (England and Wales)
Metanodic (Engineers) Limited
Unaudited Financial Statements
For the year ended 31 December 2025
Metanodic (Engineers) Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 9
Metanodic (Engineers) Limited
Statement of financial position
As at 31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
479,428
489,544
Investment property
4
1,743,750
1,993,750
Investments
5
155,708
174,274
2,378,886
2,657,568
Current assets
Stocks
12,697
16,125
Debtors
6
60,380
76,613
Cash at bank and in hand
231,142
15,332
304,219
108,070
Creditors: amounts falling due within one year
7
(160,628)
(199,057)
Net current assets/(liabilities)
143,591
(90,987)
Total assets less current liabilities
2,522,477
2,566,581
Creditors: amounts falling due after more than one year
8
-
0
(4,409)
Provisions for liabilities
(124,348)
(112,871)
Net assets
2,398,129
2,449,301
Capital and reserves
Called up share capital
4,756
4,756
Capital redemption reserve
2,246
2,246
Non-distributable profits reserve
9
1,647,361
1,756,334
Distributable profit and loss reserves
743,766
685,965
Total equity
2,398,129
2,449,301
Metanodic (Engineers) Limited
Statement of financial position (continued)
As at 31 December 2025
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 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.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 1 April 2026
Mr C R Miller
Director
Company registration number 00460566 (England and Wales)
Metanodic (Engineers) Limited
Notes to the financial statements
For the year ended 31 December 2025
- 3 -
1
Accounting policies
Company information

Metanodic (Engineers) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Holditch Road, Newcastle Under Lyme, Staffs, ST5 9JA.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

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

Other income

Revenue from rentals of property are recognised when the amount of revenue can be measured reliably, it is probable that the economical benefits associated with the transactions will flow to the entity and the costs incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property
2% per annum on fair value
Plant and machinery
15% reducing balance
Fixtures, fittings and equipment
15% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Metanodic (Engineers) Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies
(Continued)
- 4 -
1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Fixed asset investments

Investments in shares (listed and unlisted) are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date, with the change in value included directly in the income statement. Transaction costs are expensed to profit or loss as incurred.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Metanodic (Engineers) Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies
(Continued)
- 5 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank overdraft s and loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Metanodic (Engineers) Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies
(Continued)
- 6 -
1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

As lessor

When the company acts as a lessor, a lease is classified as a finance lease whenever it transfers substantially all the risks and rewards of ownership of the underlying asset to the lessee, either at the end of the lease term or for the major part of the economic life of the asset. All other leases are classified as operating leases. If an arrangement contains both lease and non-lease components, the company allocates the consideration in the contract to the two elements.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
12
13
3
Tangible fixed assets
Metanodic (Engineers) Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
3
Tangible fixed assets
(Continued)
- 7 -
Freehold property
Plant and machinery
Fixtures, fittings and equipment
Motor vehicles
Total
£
£
£
£
£
Cost or valuation
At 1 January 2025
519,235
197,807
32,990
39,527
789,559
Additions
-
0
-
0
598
-
0
598
At 31 December 2025
519,235
197,807
33,588
39,527
790,157
Depreciation and impairment
At 1 January 2025
61,076
185,179
31,555
22,205
300,015
Depreciation charged in the year
4,249
1,894
241
4,330
10,714
At 31 December 2025
65,325
187,073
31,796
26,535
310,729
Carrying amount
At 31 December 2025
453,910
10,734
1,792
12,992
479,428
At 31 December 2024
458,159
12,628
1,435
17,322
489,544

The following assets are carried at valuation. If the assets were measured using the cost model, the carrying amounts would be as follows:

Freehold Property
2025
2024
£
£
Cost
368,204
368,204
Accumulated depreciation
42,202
37,953
Carrying value
410,406
406,157
4
Investment property
2025
£
Fair value
At 1 January 2025
1,993,750
Disposals
(250,000)
At 31 December 2025
1,743,750

Investment property comprises of commercial properties. The fair value of the investment properties have been arrived at on the basis of a valuation carried out by the director, based on reference to market evidence of transaction prices for similar properties.

Metanodic (Engineers) Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
- 8 -
5
Fixed asset investments
2025
2024
£
£
Other investments other than loans
155,708
174,274
Fixed asset investments revalued

Listed and unlisted investments are measured at fair value using reported stock exchange values at the year end date.

Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 January 2025
174,274
Additions
5,125
Valuation changes
6,156
Disposals
(29,847)
At 31 December 2025
155,708
Carrying amount
At 31 December 2025
155,708
At 31 December 2024
174,274
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
55,286
69,769
Other debtors
5,094
6,844
60,380
76,613
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
93,540
117,245
Trade creditors
28,154
19,837
Taxation and social security
13,969
44,765
Other creditors
24,965
17,210
160,628
199,057
Metanodic (Engineers) Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
7
Creditors: amounts falling due within one year
(Continued)
- 9 -

The bank overdraft is secured by a legal charge over company assets £89,131 (2024: £106,848).

8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
4,409
9
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the year
1,756,334
1,756,334
Non distributable profits in the year
(108,973)
-
At the end of the year
1,647,361
1,756,334
10
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
8,822
18,446
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