El Metro Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10491367 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2020

for

El Metro Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J R Hanratty

A M Pires

REGISTERED OFFICE:

31 Wellgarth Mews

Sedgefield

Stockton-On-Tees

Durham

TS21 3NN

REGISTERED NUMBER:

10491367 (England and Wales)

FIXED ASSETS

Tangible assets

4

3,852

4,123

CURRENT ASSETS

Debtors

5

28,024

37,360

Cash at bank

336,036

313,681

364,060

351,041

CREDITORS

Amounts falling due within one year

6

57,289

64,616

NET CURRENT ASSETS

306,771

286,425

TOTAL ASSETS LESS CURRENT LIABILITIES

310,623

290,548

CAPITAL AND RESERVES

Called up share capital

7

4

4

Retained earnings

310,619

290,544

SHAREHOLDERS' FUNDS

310,623

290,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2020 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 20 August 2021 and were signed on its behalf by:

J R Hanratty - Director

A M Pires - Director

1.	STATUTORY INFORMATION

El Metro Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

Straight line over 5 years

Computer equipment

-

Straight line over 5 years

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 December 2019

3,913

4,373

8,286

Additions

-

1,732

1,732

At 30 November 2020

3,913

6,105

10,018

DEPRECIATION

At 1 December 2019

1,539

2,624

4,163

Charge for year

782

1,221

2,003

At 30 November 2020

2,321

3,845

6,166

NET BOOK VALUE

At 30 November 2020

1,592

2,260

3,852

At 30 November 2019

2,374

1,749

4,123

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.11.19

£

£

Trade debtors

27,507

29,949

Other debtors

469

470

VAT

48

6,941

28,024

37,360

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.11.19

£

£

Tax

22,772

38,700

Social security and other taxes

3,216

21,792

Other creditors

29,301

4,124

Accruals and deferred income

2,000

-

57,289

64,616

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.20

30.11.19

value:

£

£

4

Ordinary

£1

4

4

8.	ULTIMATE CONTROLLING PARTY

The company was under the control of its directors during the year.