METROCOUNT (U.K.) LIMITED - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03367759 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2017

for

METROCOUNT (U.K.) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T M Kenny

P P Wilson

REGISTERED OFFICE:

51 Clarkegrove Road

Sheffield

South Yorkshire

S10 2NH

REGISTERED NUMBER:

03367759 (England and Wales)

ACCOUNTANTS:

Brown McLeod Ltd

Chartered Accountants

51 Clarkegrove Road

Sheffield

S10 2NH

FIXED ASSETS

Tangible assets

4

26,432

25,365

CURRENT ASSETS

Stocks

106,649

113,672

Debtors

5

70,204

125,473

Cash at bank and in hand

418,760

194,454

595,613

433,599

CREDITORS

Amounts falling due within one year

6

144,728

106,482

NET CURRENT ASSETS

450,885

327,117

TOTAL ASSETS LESS CURRENT LIABILITIES

477,317

352,482

PROVISIONS FOR LIABILITIES

4,888

4,588

NET ASSETS

472,429

347,894

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

472,428

347,893

SHAREHOLDERS' FUNDS

472,429

347,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 20 March 2018 and were signed on its behalf by:

T M Kenny - Director

1.	STATUTORY INFORMATION

METROCOUNT (U.K.) 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 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.

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

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2016 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 July 2016

14,887

38,780

28,868

82,535

Additions

548

1,085

6,546

8,179

At 30 June 2017

15,435

39,865

35,414

90,714

DEPRECIATION

At 1 July 2016

8,798

27,130

21,242

57,170

Charge for year

1,659

1,910

3,543

7,112

At 30 June 2017

10,457

29,040

24,785

64,282

NET BOOK VALUE

At 30 June 2017

4,978

10,825

10,629

26,432

At 30 June 2016

6,089

11,650

7,626

25,365

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

32,701

95,111

Other debtors

37,503

30,362

70,204

125,473

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade creditors

43,255

41,444

Taxation and social security

42,550

29,243

Other creditors

58,923

35,795

144,728

106,482