Abbreviated Company Accounts - METTA MANAGEMENT LIMITED

METTA MANAGEMENT LIMITED - Company Information

06383743 METTA MANAGEMENT LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 06383743 2013-04-01 2014-03-31 06383743 2014-03-31 06383743 2013-03-31 06383743 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 06383743 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 06383743

METTA MANAGEMENT LIMITED

Abbreviated Accounts

31 March 2014

METTA MANAGEMENT LIMITED Registered Number 06383743

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	214,919	242,510
Tangible assets	3	7,460	5,684
		222,379	248,194
Current assets
Debtors		50,818	27,004
Cash at bank and in hand		38,681	87,934
		89,499	114,938
Prepayments and accrued income		6,122	10,690
Creditors: amounts falling due within one year		(142,745)	(163,201)
Net current assets (liabilities)		(47,124)	(37,573)
Total assets less current liabilities		175,255	210,621
Creditors: amounts falling due after more than one year		(172,812)	(207,721)
Accruals and deferred income		(1,811)	(2,572)
Total net assets (liabilities)		632	328
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		630	326
Shareholders' funds		632	328

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 December 2014

And signed on their behalf by:
Paul Rodgers, Director

METTA MANAGEMENT LIMITED Registered Number 06383743

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:
Computer equipment: 25% straight line
Fixtures, fittings and equipment: 25% straight line

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

2Intangible fixed assets

	£
Cost
At 1 April 2013	269,455
Additions	-
Disposals	-
Revaluations	(806)
Transfers	-
At 31 March 2014	268,649
Amortisation
At 1 April 2013	26,945
Charge for the year	26,785
On disposals	-
At 31 March 2014	53,730
Net book values
At 31 March 2014	214,919
At 31 March 2013	242,510

3Tangible fixed assets

	£
Cost
At 1 April 2013	8,401
Additions	3,422
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	11,823
Depreciation
At 1 April 2013	2,717
Charge for the year	1,646
On disposals	-
At 31 March 2014	4,363
Net book values
At 31 March 2014	7,460
At 31 March 2013	5,684

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2