Metalock International Association Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00515775

Metalock International Association Limited

Company Limited by Guarantee

Filleted Unaudited Financial Statements

31 December 2025

Metalock International Association Limited

Company Limited by Guarantee

Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Website	5	1,632	–
Tangible assets	6	5,514	7,796
		-------	-------
		7,146	7,796

Current assets

Debtors	7	33,746	50,523
Cash at bank and in hand		280,778	241,671
		---------	---------
		314,524	292,194

Creditors: amounts falling due within one year	8	30,773	10,654
		---------	---------
Net current assets		283,751	281,540
		---------	---------
Total assets less current liabilities		290,897	289,336
		---------	---------
Net assets		290,897	289,336
		---------	---------

Capital and reserves

Profit and loss account	290,897	289,336
	---------	---------
Members funds	290,897	289,336
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Director's responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

Metalock International Association Limited

Company Limited by Guarantee

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 7 May 2026 , and are signed on behalf of the board by:

Mr A de Bruin
Director

Company registration number: 00515775

Metalock International Association Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Evolve Business Centre, Cygnet Way, Houghton le Spring, Tyne and Wear, DH4 5QY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is the total amount, excluding value added tax, receivable by the company in the ordinary course of business for membership dues provided as a principal. In the opinion of the director, a geographical analysis of the turnover would be seriously prejudicial to the company.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Website	-	Over 3 years straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	10% straight line
Fixtures and fittings	-	10% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Company limited by guarantee

The company is limited by guarantee of members and does not have a share capital. The liability of members is limited to £1.

5. Website

	Website
	£
Cost
At 1 January 2025	6,856
Additions	2,448
	-------
At 31 December 2025	9,304
	-------
Amortisation
At 1 January 2025	6,856
Charge for the year	816
	-------
At 31 December 2025	7,672
	-------
Carrying amount
At 31 December 2025	1,632
	-------
At 31 December 2024	–
	-------

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
At 1 January 2025	16,500	1,309	17,809
Disposals	–	( 789)	( 789)
	--------	-------	--------
At 31 December 2025	16,500	520	17,020
	--------	-------	--------
Depreciation
At 1 January 2025	9,335	678	10,013
Charge for the year	1,651	–	1,651
Disposals	–	( 158)	( 158)
	--------	-------	--------
At 31 December 2025	10,986	520	11,506
	--------	-------	--------
Carrying amount
At 31 December 2025	5,514	–	5,514
	--------	-------	--------
At 31 December 2024	7,165	631	7,796
	--------	-------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	3,760	7,813
Other debtors	29,986	42,710
	--------	--------
	33,746	50,523
	--------	--------

The debtors above include the following amounts falling due after more than one year:

	2025	2024
	£	£
Other debtors	29,581	39,330
	--------	--------

Included in other debtors is a loan made to one of the member companies, Metalock Portable machines BV for 69,928 Euros. Interest was charged at the rate of 1% to the association, payable annually in arrears. The balance on this loan at the balance sheet date is £29,581 (2024:£39,330).

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	–	5,342
Corporation tax	439	495
Social security and other taxes	17	–
Other creditors	30,317	4,817
	--------	--------
	30,773	10,654
	--------	--------