Company Registration No. 03634858 (England and Wales)
Pro-METS Ltd
Unaudited accounts
for the year ended 31 March 2025
Pro-METS Ltd
Unaudited accounts
Contents
Pro-METS Ltd
Company Information
for the year ended 31 March 2025
Directors
Mr M J Cracknell
Mr I W Mansfield
Secretary
Mr M J Cracknell
Company Number
03634858 (England and Wales)
Registered Office
Brunel Court
122 Fore Street
Saltash
Cornwall
PL12 6JW
Accountants
Blackwell Bate Ltd
Brunel Court
122 Fore Street
Saltash
Cornwall
PL12 6JW
Pro-METS Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
29,343
38,919
Cash at bank and in hand
27,413
19,597
Creditors: amounts falling due within one year
(87,916)
(64,238)
Net current assets
15,322
10,620
Total assets less current liabilities
44,665
49,539
Creditors: amounts falling due after more than one year
(7,810)
(13,333)
Called up share capital
66
66
Capital redemption reserve
34
34
Profit and loss account
36,755
36,106
Shareholders' funds
36,855
36,206
For the year ending 31 March 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 10 November 2025 and were signed on its behalf by
Mr M J Cracknell
Director
Company Registration No. 03634858
Pro-METS Ltd
Notes to the Accounts
for the year ended 31 March 2025
Pro-METS Ltd is a private company, limited by shares, registered in England and Wales, registration number 03634858. The registered office is Brunel Court, 122 Fore Street, Saltash , Cornwall, PL12 6JW.
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:
Plant & machinery
15% Reducing Balance
Motor vehicles
15% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
15% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Pro-METS Ltd
Notes to the Accounts
for the year ended 31 March 2025
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
5,954
44,598
6,449
16,501
73,502
Additions
625
14,080
-
-
14,705
Disposals
-
(35,533)
-
-
(35,533)
At 31 March 2025
6,579
23,145
6,449
16,501
52,674
At 1 April 2024
5,102
12,297
5,545
11,639
34,583
Charge for the year
151
-
135
729
1,015
On disposals
-
(12,267)
-
-
(12,267)
At 31 March 2025
5,253
30
5,680
12,368
23,331
At 31 March 2025
1,326
23,115
769
4,133
29,343
At 31 March 2024
852
32,301
904
4,862
38,919
Amounts falling due within one year
Trade debtors
56,977
40,058
Deferred tax asset
8,509
5,036
Accrued income and prepayments
1,839
1,917
Pro-METS Ltd
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
3,637
-
Trade creditors
27,408
6,766
Taxes and social security
22,535
28,831
Other creditors
5,135
1,116
Loans from directors
6,500
2,754
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
4,476
-
9
Average number of employees
During the year the average number of employees was 7 (2024: 7).