METARTEC_LIMITED - Accounts

METARTEC LIMITED - Company Information

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METARTEC LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

Company Registration No. 06166068 (England and Wales)

METARTEC LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

METARTEC LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

233,604

265,213

Current assets

Stocks

203,033

204,559

Debtors

767,192

484,459

Cash at bank and in hand

113,127

115,654

1,083,352

804,672

Creditors: amounts falling due within one year

(1,065,476)

(761,179)

Net current assets

17,876

43,493

Total assets less current liabilities

251,480

308,706

Provisions for liabilities

(37,590)

(43,523)

213,890

265,183

Capital and reserves

Called up share capital

100

Profit and loss account

213,790

265,083

Shareholders' funds

213,890

265,183

For the financial year ended 30 September 2015 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.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 20 June 2016

R. Hall

Director

Company Registration No. 06166068

METARTEC LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover is recongnised when the goods and services are physically provided to the customer.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

20% on a straight line basis

Plant and machinery

25% on a straight line basis

Fixtures, fittings & equipment

25% on a straight line basis

Motor vehicles

33% on a straight line basis

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 October 2014

586,226

Additions

60,032

At 30 September 2015

646,258

Depreciation

At 1 October 2014

321,015

Charge for the year

91,639

At 30 September 2015

412,654

Net book value

At 30 September 2015

233,604

At 30 September 2014

265,213

METARTEC LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Transactions with directors

Other creditors include an amount of £nil (2014: £8,930) in respect of the directors current account.