Metkey 1 Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10798894 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2020

for

Metkey 1 Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Singh

REGISTERED OFFICE:

The Mills

Canal Street

Derby

Derbyshire

DE1 2RJ

REGISTERED NUMBER:

10798894 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

CURRENT ASSETS

Stocks

1,319,965

869,425

Debtors

4

1,333

37,800

Cash at bank

10,442

872

1,331,740

908,097

CREDITORS

Amounts falling due within one year

5

1,347,540

914,549

NET CURRENT LIABILITIES

(15,800

)

(6,452

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(15,800

)

(6,452

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(15,900

)

(6,552

)

(15,800

)

(6,452

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2021 and were signed by:

S Singh - Director

1.	STATUTORY INFORMATION

Metkey 1 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.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Amounts owed by related parties

-

36,100

Other debtors

480

1,538

Prepayments

853

162

1,333

37,800

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

6,022

12,556

Amounts owed to related parties

1,341,287

901,993

Accruals and deferred income

231

-

1,347,540

914,549