Metals & Woods Limited - Accounts to registrar (filleted) - small 17.3

Metals & Woods Limited - Accounts to registrar (filleted) - small 17.3

METALS & WOODS LIMITED - Company Information

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REGISTERED NUMBER: 08172427 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2017

for

Metals & Woods Limited
Metals & Woods Limited (Registered number: 08172427)






Contents of the Financial Statements
for the Year Ended 31 July 2017




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Metals & Woods Limited

Company Information
for the Year Ended 31 July 2017







DIRECTOR: W Allam





REGISTERED OFFICE: 10-14 Accommodation Road
Golders Green
London
NW11 8ED





REGISTERED NUMBER: 08172427 (England and Wales)





ACCOUNTANTS: Grunberg & Co Limited
Chartered Accountants
10-14 Accommodation Road
Golders Green
London
NW11 8ED
Page 1
Metals & Woods Limited (Registered number: 08172427)

Statement of Financial Position
31 July 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1
Investments 5 100 100
100 101

CURRENT ASSETS
Debtors 6 1,793 77,774
Cash at bank 630 1,662
2,423 79,436
CREDITORS
Amounts falling due within one year 7 2,224 78,844
NET CURRENT ASSETS 199 592
TOTAL ASSETS LESS CURRENT
LIABILITIES
299
693

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 298 692
SHAREHOLDERS' FUNDS 299 693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 20 February 2018 and were signed by:





W Allam - Director


The notes form part of these financial statements

Page 2
Metals & Woods Limited (Registered number: 08172427)

Notes to the Financial Statements
for the Year Ended 31 July 2017

1. STATUTORY INFORMATION

Metals & Woods 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Metals & Woods Limited as an individual company and do
not contain consolidated financial information as the parent of a group. The company has taken the option under
Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover
Turnover represents management fees, and gross proceeds from the sale of property held as stock. Income from
management fees is recognised when the service is provided, and property sales are recognised at the date the
contract becomes unconditional.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Debtors - Short term debtors are measured at transaction price, less any impairment.

Creditors - Short term creditors are measured at transaction price.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

Page 3 continued...
Metals & Woods Limited (Registered number: 08172427)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2017

2. ACCOUNTING POLICIES - continued

Going concern
The accounts have been prepared on a going concern basis, on the understanding that the director will continue to
provide support to the company, for a period of at least twelve months, from the date of approval of these
financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2016 2,823
Impairments (2,823 )
At 31 July 2017 -
DEPRECIATION
At 1 August 2016 2,822
Impairments (2,822 )
At 31 July 2017 -
NET BOOK VALUE
At 31 July 2017 -
At 31 July 2016 1

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2016
and 31 July 2017 100
NET BOOK VALUE
At 31 July 2017 100
At 31 July 2016 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Amounts owed by group undertakings 1,793 74,860
Other debtors - 2,914
1,793 77,774

Page 4 continued...
Metals & Woods Limited (Registered number: 08172427)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2017

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 406 1,572
Social security and other taxes 144 -
Director's current account 1 75,669
Accrued expenses 1,673 1,603
2,224 78,844

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.

9. FIRST YEAR ADOPTION

These are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition
is 1 August 2015.

No material transitional adjustments were required in equity or profit and loss for the period.

Page 5