Metro Repro Limited - Accounts to registrar (filleted) - small 18.2

Metro Repro Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 02723025(England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

METRO REPRO LIMITED

METRO REPRO LIMITED (REGISTERED NUMBER: 02723025)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


METRO REPRO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: Mr R H Foster
Mrs H H Foster
Mr P R Foster



SECRETARY: Mrs H H Foster



REGISTERED OFFICE: B I House
Carliol Square
Newcastle upon Tyne
Tyne and Wear
NE1 6UF



REGISTERED NUMBER: 02723025(England and Wales)



ACCOUNTANTS: Robson Laidler Accountants Limited
Fernwood House
Fernwood Road
Jesmond
Newcastle upon Tyne
NE2 1TJ



BANKERS: Barclays Bank plc
49/51 Northumberland Street
Newcastle upon Tyne
Tyne and Wear
NE1 7AF



SOLICITORS: Ward Hadaway
Newcastle upon Tyne
Tyne and Wear

METRO REPRO LIMITED (REGISTERED NUMBER: 02723025)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 135,272 101,358
Investments 6 40,145 40,145
175,417 141,503

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 7 140,446 150,311
Cash at bank 678,217 694,048
828,663 854,359
CREDITORS
Amounts falling due within one year 8 95,488 87,113
NET CURRENT ASSETS 733,175 767,246
TOTAL ASSETS LESS CURRENT
LIABILITIES

908,592

908,749

PROVISIONS FOR LIABILITIES 11,339 7,380
NET ASSETS 897,253 901,369

CAPITAL AND RESERVES
Called up share capital 106,000 106,000
Retained earnings 791,253 795,369
SHAREHOLDERS' FUNDS 897,253 901,369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

METRO REPRO LIMITED (REGISTERED NUMBER: 02723025)

BALANCE SHEET - continued
31 MARCH 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 December 2018and were signed on
its behalf by:





Mr R H Foster- Director


METRO REPRO LIMITED (REGISTERED NUMBER: 02723025)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1. STATUTORY INFORMATION

Metro Repro Limited is a private company, limited by shares, registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information
page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1993, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured
at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost and 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.


METRO REPRO LIMITED (REGISTERED NUMBER: 02723025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Grants for capital expenditure are deferred and released to the profit and loss account over the useful
economic life of the asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8(2017 - 9) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 224,237
AMORTISATION
At 1 April 2017
and 31 March 2018 224,237
NET BOOK VALUE
At 31 March 2018 -
At 31 March 2017 -

METRO REPRO LIMITED (REGISTERED NUMBER: 02723025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2017 158,297 31,912 78,339 268,548
Additions 46,056 - 42,000 88,056
Disposals - - (41,714 ) (41,714 )
At 31 March 2018 204,353 31,912 78,625 314,890
DEPRECIATION
At 1 April 2017 102,572 29,198 35,420 167,190
Charge for year 16,753 406 15,978 33,137
Eliminated on disposal - - (20,709 ) (20,709 )
At 31 March 2018 119,325 29,604 30,689 179,618
NET BOOK VALUE
At 31 March 2018 85,028 2,308 47,936 135,272
At 31 March 2017 55,725 2,714 42,919 101,358

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2017
and 31 March 2018 40,145
NET BOOK VALUE
At 31 March 2018 40,145
At 31 March 2017 40,145

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 59,530 61,759
Other debtors 80,916 88,552
140,446 150,311

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 23,827 24,196
Taxation and social security 43,502 49,712
Other creditors 28,159 13,205
95,488 87,113

METRO REPRO LIMITED (REGISTERED NUMBER: 02723025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

9. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

At the balance sheet date, the company had total guarantees and other financial commitments of
£15,694 (2017: £15,694).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2018 and
31 March 2017:

2018 2017
£    £   
Mr R H Fosterand Mrs H H Foster
Balance outstanding at start of year 7,628 -
Amounts advanced 18,337 7,628
Amounts repaid (25,965 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 7,628

Mr P R Foster
Balance outstanding at start of year 53,715 18,499
Amounts advanced 24,272 35,216
Amounts repaid (24,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 53,987 53,715

Interest has been charged on the above loans at the official rate.