M E T F BUNKER SERVICES LIMITED Filleted accounts for Companies House (small and micro)

M E T F BUNKER SERVICES LIMITED Filleted accounts for Companies House (small and micro)

METF BUNKER SERVICES LTD - Company Information

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2 false false false false false false false false false false true false false false false false false No description of principal activity 2022-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 15,867 15,668 199 15,867 199 xbrli:pure xbrli:shares iso4217:GBP 03570107 2022-01-01 2022-12-31 03570107 2022-12-31 03570107 2021-12-31 03570107 2021-01-01 2021-12-31 03570107 2021-12-31 03570107 2020-12-31 03570107 core:FurnitureFittings 2022-01-01 2022-12-31 03570107 core:FurnitureFittings 2021-12-31 03570107 core:FurnitureFittings 2022-12-31 03570107 core:WithinOneYear 2022-12-31 03570107 core:WithinOneYear 2021-12-31 03570107 core:AfterOneYear 2022-12-31 03570107 core:AfterOneYear 2021-12-31 03570107 core:UKTax 2022-01-01 2022-12-31 03570107 core:ShareCapital 2022-12-31 03570107 core:ShareCapital 2021-12-31 03570107 core:RetainedEarningsAccumulatedLosses 2022-12-31 03570107 core:RetainedEarningsAccumulatedLosses 2021-12-31 03570107 core:FurnitureFittings 2021-12-31 03570107 bus:Director1 2022-01-01 2022-12-31 03570107 bus:SmallEntities 2022-01-01 2022-12-31 03570107 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 03570107 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 03570107 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 03570107 bus:FullAccounts 2022-01-01 2022-12-31
COMPANY REGISTRATION NUMBER: 03570107
M E T F BUNKER SERVICES LIMITED
Filleted Unaudited Financial Statements
For
31 December 2022
M E T F BUNKER SERVICES LIMITED
Statement of Financial Position
31 December 2022
2022
2021
Note
£
£
£
Fixed assets
Tangible assets
5
–
199
Current assets
Debtors
6
485,884
18,645
Cash at bank and in hand
346,802
328,815
---------
---------
832,686
347,460
Creditors: amounts falling due within one year
7
123,774
37,089
---------
---------
Net current assets
708,912
310,371
---------
---------
Total assets less current liabilities
708,912
310,570
Creditors: amounts falling due after more than one year
8
615,556
331,243
---------
---------
Net assets/(liabilities)
93,356
( 20,673)
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
93,354
( 20,675)
--------
--------
Shareholders funds/(deficit)
93,356
( 20,673)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
M E T F BUNKER SERVICES LIMITED
Statement of Financial Position (continued)
31 December 2022
These financial statements were approved by the board of directors and authorised for issue on 6 October 2023 , and are signed on behalf of the board by:
Mr.K Patel
Company registration number: 03570107
M E T F BUNKER SERVICES LIMITED
Notes to the Financial Statements
Year ended 31 December 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Wolsey Mansions, Northwood., Middlesex, HA6 2HL, UK.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its associated undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings
-
25% reducing balance
3. Particulars of employees
The average number of persons employed by the company during the year amounted to 2 (2021: 2 ).
4. Taxation on ordinary activities
Major components of tax expense
2022
2021
£
£
Current tax:
UK current tax expense
23,127
–
--------
----
Taxation on ordinary activities
23,127
–
--------
----
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 January 2022 and 31 December 2022
15,867
15,867
--------
--------
Depreciation
At 1 January 2022
15,668
15,668
Charge for the year
199
199
--------
--------
At 31 December 2022
15,867
15,867
--------
--------
Carrying amount
At 31 December 2022
–
–
--------
--------
At 31 December 2021
199
199
--------
--------
6. Debtors
2022
2021
£
£
Trade debtors
485,884
18,645
---------
--------
7. Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
80,261
33,003
Corporation tax
23,227
100
Social security and other taxes
–
308
Other creditors
20,286
3,678
---------
--------
123,774
37,089
---------
--------
8. Creditors: amounts falling due after more than one year
2022
2021
£
£
Other creditors
615,556
331,243
---------
---------
Is all in respect of advance from associated company.