METTALEX_LIMITED - Accounts


METTALEX LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
Company Registration No. 09165537 (England and Wales)
METTALEX LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3
METTALEX LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF METTALEX LIMITED FOR THE YEAR ENDED 31 AUGUST 2016
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 3 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mettalex Limited for the year ended 31 August 2016 set out on pages 3 to 6 from the company’s accounting records and from information and explanations you have given us.

 

This report is made solely to the Board of Directors of Mettalex Limited, as a body, in accordance with the terms of our engagement letter dated 2 October 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Mettalex Limited. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mettalex Limited and its Board of Directors as a body, for our work or for this report.

 

It is your duty to ensure that Mettalex Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Mettalex Limited. You consider that Mettalex Limited is exempt from the statutory audit requirement for the year.

 

We have not been instructed to carry out an audit or a review of the financial statements of Mettalex Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

 

 

Churchgate Accountants Limited
19 May 2017
Accountants
18 Langton Place
Bury St Edmunds
Suffolk
IP33 1NE
METTALEX LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2016
31 August 2016
- 2 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
1,927
-
Cash at bank and in hand
4,862
126
6,789
126
Creditors: amounts falling due within one year
(128,883)
(62,456)
Total assets less current liabilities
(122,094)
(62,330)
Capital and reserves
Called up share capital
2
1
1
Profit and loss account
(122,095)
(62,331)
Shareholders'  funds
(122,094)
(62,330)
For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 16 May 2017
Mr D Nicholson
Director
Company Registration No. 09165537
METTALEX LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016
- 3 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2
Going concern

The company benefits from the financial support of one of it's major creditors. Accordingly, the directors adopt a going concern basis in preparing these accounts.

1.3
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.4

Financial instruments

 

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
-
1
1,000,000 Ordinary shares of 0.0001p each
1
-

On 22 July 2016 1 share with a nominal value of £1 was subdivided into 1,000,000 shares with a nominal value of 0.0001p each.

3
Transactions with directors

During the year Mr D Nicholson, a director, received £nil (2015: £500) for consultancy services provided to the company.

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