Metcalfe Software Ltd. - Filleted accounts

Registered number

03036538

Metcalfe Software Ltd.

Unaudited Filleted Accounts

31 March 2026

Metcalfe Software Ltd.
Registered number:		03036538
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		391			321

Current assets
Debtors	4	5,043			26,460
Cash at bank and in hand		88,336			113,455
		93,379			139,915

Creditors: amounts falling due within one year	5	(8,829)			(33,717)

Net current assets			84,550			106,198

Total assets less current liabilities			84,941			106,519

Creditors: amounts falling due after more than one year	6		(9,008)			(11,287)

Provisions for liabilities			(74)			(61)


Net assets			75,859			95,171

Capital and reserves
Allotted called up and fully paid share capital			100			100
Profit and loss account			75,759			95,071

Shareholder's funds			75,859			95,171

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Timothy Metcalfe
Director
Approved by the board on 10 August 2026

Metcalfe Software Ltd.
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 3 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		2		2


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2025				1,357
	Additions				228
	At 31 March 2026				1,585

	Depreciation
	At 1 April 2025				1,036
	Charge for the year				158
	At 31 March 2026				1,194

	Net book value
	At 31 March 2026				391
	At 31 March 2025				321


4	Debtors		2026		2025
£				£

	Trade debtors		-		26,460
	Other debtors		5,043		-
			5,043		26,460


5	Creditors: amounts falling due within one year		2026		2025
£				£

	Bank loans and overdrafts		2,473		2,417
	Trade creditors		5,306		18,117
	Taxation and social security costs		-		12,231
	Other creditors		1,050		952
			8,829		33,717


6	Creditors: amounts falling due after one year		2026		2025
£				£

	Bank loans		9,008		11,287


7	Other information

	Metcalfe Software Ltd. is a private company limited by shares and incorporated in England. Its registered office is:
	Cavendish House
	St Andrews Court
	Leeds
	LS3 1JY