Company Registration No. 08828934 (England and Wales)
Metrix Contractors Limited
Unaudited accounts
for the year ended 31 December 2025
Metrix Contractors Limited
Unaudited accounts
Contents
Metrix Contractors Limited
Statement of financial position
as at 31 December 2025
Tangible assets
190,268
106,706
Cash at bank and in hand
93,673
322,544
Creditors: amounts falling due within one year
(256,469)
(252,693)
Net current assets
12,760
314,536
Total assets less current liabilities
203,028
421,242
Creditors: amounts falling due after more than one year
(71,616)
(18,774)
Provisions for liabilities
Deferred tax
(44,689)
(23,614)
Called up share capital
2
2
Profit and loss account
86,721
378,852
Shareholders' funds
86,723
378,854
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. 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 12 June 2026 and were signed on its behalf by
Stephen Dartnell
Director
Company Registration No. 08828934
Metrix Contractors Limited
Notes to the Accounts
for the year ended 31 December 2025
Metrix Contractors Limited is a private company, limited by shares, registered in England and Wales, registration number 08828934. The registered office is Downsview, Dittons Road, Polegate, East Sussex, BN26 6HS.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Land & buildings
5% straight line
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Metrix Contractors Limited
Notes to the Accounts
for the year ended 31 December 2025
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, which include trade and other receivables, and 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.
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, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments 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 payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts 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 payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
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.
The 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 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.
Metrix Contractors Limited
Notes to the Accounts
for the year ended 31 December 2025
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 taxable profit nor accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 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.
The cost of short-term employee benefits are recognised as a liability and 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.
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.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Metrix Contractors Limited
Notes to the Accounts
for the year ended 31 December 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2025
14,662
30,607
180,709
9,011
234,989
Additions
-
2,491
133,162
731
136,384
Disposals
-
-
(25,812)
(2,482)
(28,294)
At 31 December 2025
14,662
33,098
288,059
7,260
343,079
At 1 January 2025
2,947
13,307
106,507
5,522
128,283
Charge for the year
586
2,759
38,149
803
42,297
On disposals
-
-
(15,593)
(2,176)
(17,769)
At 31 December 2025
3,533
16,066
129,063
4,149
152,811
At 31 December 2025
11,129
17,032
158,996
3,111
190,268
At 31 December 2024
11,715
17,300
74,202
3,489
106,706
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Amounts falling due within one year
Trade debtors
77,950
70,618
Accrued income and prepayments
8,741
8,710
Other debtors
51,398
145,176
7
Investments held as current assets
2025
2024
Listed investments
32,942
13,471
Metrix Contractors Limited
Notes to the Accounts
for the year ended 31 December 2025
8
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
70,505
Obligations under finance leases and hire purchase contracts
11,352
-
Trade creditors
41,695
78,448
Amounts owed to group undertakings and other participating interests
150,420
-
Taxes and social security
38,799
97,388
Other creditors
6,203
6,235
Loans from directors
-
117
9
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
71,616
-
10
Operating lease commitments
2025
2024
At 31 December 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
27,825
27,825
Later than one year and not later than five years
111,300
111,300
Later than five years
4,193
32,018
11
Transactions with related parties
During the year, the company entered into a number of transactions with it's parent company, SHMC Enterprises Limited. Monies were paid to the parent in the amount of £39,690 (2024 - £nil) and amounts settled on behalf of the parent in the amount of £159,980 (2024 - £nil). Further a dividend was declared in the amount of £350,000 (2024 - £nil), The balance owed to the parent company at 31 December 2025 was £150,330 (2024 - £nil).
During the year, the company made a payment to Downsview Holdings Limited in the amount of £18,000 (2024 - £25,719), a company under common control and ownership of the owners of Metrix Contractors Limited Downsview Holdings Limited repaid an amount of £nil (2024 - £7,719) to Metrix Contractors Limited. The balance outstanding at 31 December 2025 is £nil (2024 - £18,000). The amount is interest free and considered to be repayable on demand. All transactions are carried out on a commercial arms length basis.
During the year, the company received monies in the amount of £101,295 (2024 - £48,210) from Metrix Finishes Limited, a company under common ownership. The company made payments to Metrix Finishes Limited in the amount of £nil (2024 - £101,295). The balance owed by Metrix Finishes Limited at 31 December 2025 is £nil (2024 - £101,295). The amount is interest free and considered to be repayable on demand. All transactions are carried out on a commercial arms length basis.
12
Average number of employees
During the year the average number of employees was 8 (2024: 10).