Metham Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04664046

Metham Limited

Filleted Unaudited Financial Statements

For the year ended

31 July 2025

Metham Limited

Financial Statements

Year ended 31 July 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Metham Limited

Statement of Financial Position

31 July 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		184		245

Current assets

Debtors	6	31,933	33,902
Cash at bank and in hand		29	29
		--------	--------
		31,962	33,931

Creditors: amounts falling due within one year	7	31,450		33,838
		--------		--------
Net current assets			512		93
			----		----
Total assets less current liabilities			696		338
			----		----

Capital and reserves

Called up share capital	100	100
Profit and loss account	596	238
	----	----
Shareholders funds	696	338
	----	----

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 income statement has not been delivered.

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

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Metham Limited

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 31 July 2026 , and are signed on behalf of the board by:

Mrs L Martinson

Director

Company registration number: 04664046

Metham Limited

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Warwick House, Yokefleet, Goole, East Yorkshire, DN14 7XZ.

2. Statement of compliance

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

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Going concern

The UK economy has recently been impacted by rising inflation, interest rates and energy costs. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

(c) Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of services is recognised when the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

(d) Current & deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

(e) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(f) 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:

	Equipment	-	25% reducing balance

(g) 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.

(h) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 August 2024 and 31 July 2025	2,059	2,059
	-------	-------
Depreciation
At 1 August 2024	1,814	1,814
Charge for the year	61	61
	-------	-------
At 31 July 2025	1,875	1,875
	-------	-------
Carrying amount
At 31 July 2025	184	184
	-------	-------
At 31 July 2024	245	245
	-------	-------

6. Debtors

	2025	2024
	£	£
Other debtors	31,933	33,902
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank overdraft	14,794	21,019
Trade creditors	1,444	1,684
Corporation tax	15,212	11,135
	--------	--------
	31,450	33,838
	--------	--------

8. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr P B Martinson	12,846	27,870	( 28,240)	12,476
Mrs L Martinson	12,846	27,869	( 28,241)	12,474
	--------	--------	--------	--------
	25,692	55,739	( 56,481)	24,950
	--------	--------	--------	--------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr P B Martinson	12,448	26,800	( 26,401)	12,847
Mrs L Martinson	12,448	26,799	( 26,402)	12,845
	--------	--------	--------	--------
	24,896	53,599	( 52,803)	25,692
	--------	--------	--------	--------

Interest is charged on these loans at the HMRC official rate annually.