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Registered number: 07337887
Metro Thermal Limited
Financial Statements
For The Year Ended 31 August 2025
Bridger Smart & Co. Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07337887
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,780 2,374
1,780 2,374
CURRENT ASSETS
Stocks 5 82,000 10,220
Debtors 6 76,991 108,533
Cash at bank and in hand 708,707 451,427
867,698 570,180
Creditors: Amounts Falling Due Within One Year 7 (273,804 ) (220,818 )
NET CURRENT ASSETS (LIABILITIES) 593,894 349,362
TOTAL ASSETS LESS CURRENT LIABILITIES 595,674 351,736
Creditors: Amounts Falling Due After More Than One Year 8 (10,160 ) (19,576 )
NET ASSETS 585,514 332,160
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 585,414 332,060
SHAREHOLDERS' FUNDS 585,514 332,160
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For the year ending 31 August 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.
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.
On behalf of the board
Mr S Hill
Director
13 May 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Metro Thermal Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07337887 . The registered office is 3 Harrier Court, Woodside Road, Lower Woodside, Luton, LU1 4DQ.
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:
Computer Equipment 25% 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 and deferred tax.
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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 6)
7 6
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2024 3,165
As at 31 August 2025 3,165
Depreciation
As at 1 September 2024 791
Provided during the period 594
As at 31 August 2025 1,385
Net Book Value
As at 31 August 2025 1,780
As at 1 September 2024 2,374
5. Stocks
2025 2024
£ £
Stock 7,000 10,220
Work in progress 75,000 -
82,000 10,220
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 63,275 86,730
Other debtors - 162
VAT 7,564 8,241
Directors' loan accounts 6,152 13,400
76,991 108,533
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 86,125 118,050
Corporation tax 93,341 (14,931 )
Other taxes and social security 14,607 59,635
Accurals 2,925 2,700
Pension control 129 102
Other creditor 1,075 -
Directors' loan accounts 75,602 55,262
273,804 220,818
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bounce back loan 10,160 19,576
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
During the year the directors entered into the following advances (and credits) with the company:
As at 1 September 2024 Amounts advanced Amounts repaid Amounts written off As at 31 August 2025
£ £ £ £ £
Mr Lee Ramsey 6,700 - (3,000 ) - 3,700
Mr Guerin Brents III 6,700 - (3,000 ) - 3,700
The above loan is unsecured, interest free and repayable on demand.
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr Stephen Hill.
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