Metalikerr Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09218503 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Metalikerr Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Kerr

REGISTERED OFFICE:

Unit 16 First Avenue

Drum Industrial Estate

Birtley

Tyne and Wear

DH2 1AG

REGISTERED NUMBER:

09218503 (England and Wales)

ACCOUNTANTS:

Essell Accountants Limited

29 Howard Street

North Shields

Tyne and Wear

NE30 1AR

FIXED ASSETS

Tangible assets

4

63,312

68,329

CURRENT ASSETS

Stocks

3,000

3,000

Cash at bank and in hand

13,131

12,836

16,131

15,836

CREDITORS

Amounts falling due within one year

5

8,761

7,355

NET CURRENT ASSETS

7,370

8,481

TOTAL ASSETS LESS CURRENT LIABILITIES

70,682

76,810

CREDITORS

Amounts falling due after more than one year

6

24,700

30,100

NET ASSETS

45,982

46,710

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

45,972

46,700

SHAREHOLDERS' FUNDS

45,982

46,710

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 June 2024 and were signed by:

G Kerr - Director

1.	STATUTORY INFORMATION

Metalikerr 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.

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.

Plant and machinery etc

-

20% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2023

138,524

Additions

1,200

At 31 March 2024

139,724

DEPRECIATION

At 1 April 2023

70,195

Charge for year

6,217

At 31 March 2024

76,412

NET BOOK VALUE

At 31 March 2024

63,312

At 31 March 2023

68,329

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/24

31/3/23

£

£

Hire purchase contracts

2,400

2,400

Taxation and social security

5,562

3,891

Other creditors

799

1,064

8,761

7,355

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/24

31/3/23

£

£

Bank loans

20,500

23,500

Hire purchase contracts

4,200

6,600

24,700

30,100