Company Registration No. 09950595 (England and Wales)
Metric Engineering Management Limited
Unaudited accounts
for the year ended 30 September 2017
Metric Engineering Management Limited
Unaudited accounts
Contents
Metric Engineering Management Limited
Company Information
for the year ended 30 September 2017
Director
John Patrick Hayes
Company Number
09950595 (England and Wales)
Registered Office
Unit 6 Wall Park Close
Newnham Industrial Estate, Plympton
Plymouth
Devon
PL7 4JL
England
Accountants
Numbers UK Limited
Ensign House
Parkway Court
Plymouth
Devon
PL6 8LR
Metric Engineering Management Limited
Statement of financial position
as at
30 September 2017
Tangible assets
62,751
32,477
Cash at bank and in hand
155,145
5,970
Creditors: amounts falling due within one year
(313,209)
(108,173)
Net current assets
195,162
103,944
Total assets less current liabilities
257,913
136,421
Creditors: amounts falling due after more than one year
(23,818)
(20,683)
Net assets
234,095
115,738
Called up share capital
100
100
Profit and loss account
233,995
115,638
Shareholders' funds
234,095
115,738
For the year ending 30 September 2017 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 29 June 2018.
John Patrick Hayes
Director
Company Registration No. 09950595
Metric Engineering Management Limited
Notes to the Accounts
for the year ended 30 September 2017
Metric Engineering Management Limited is a private company, limited by shares, registered in England and Wales, registration number 09950595. The registered office is Unit 6 Wall Park Close, Newnham Industrial Estate, Plympton, Plymouth, Devon, PL7 4JL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 September 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 14 January 2016.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance.
Motor vehicles
25% Reducing Balance.
Fixtures & fittings
25% Reducing Balance.
Computer equipment
25% Reducing Balance.
Metric Engineering Management Limited
Notes to the Accounts
for the year ended 30 September 2017
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2016
9,684
25,351
399
940
36,374
Additions
22,118
10,613
8,200
4,228
45,159
At 30 September 2017
31,802
35,964
8,599
5,168
81,533
At 1 October 2016
453
3,190
45
209
3,897
Charge for the year
6,578
6,425
869
1,013
14,885
At 30 September 2017
7,031
9,615
914
1,222
18,782
At 30 September 2017
24,771
26,349
7,685
3,946
62,751
At 30 September 2016
9,231
22,161
354
731
32,477
Work in progress
24,276
-
Trade debtors
321,387
205,308
Accrued income and prepayments
5,888
839
7
Creditors: amounts falling due within one year
2017
2016
Trade creditors
175,572
58,183
Taxes and social security
102,698
43,621
Loans from directors
84
361
8
Creditors: amounts falling due after more than one year
2017
2016
Obligations under finance leases and hire purchase contracts
16,865
20,683
Metric Engineering Management Limited
Notes to the Accounts
for the year ended 30 September 2017
9
Average number of employees
During the year the average number of employees was 6 (2016: 2).