Company Registration No. 09950595 (England and Wales)
Metric Engineering Management Limited
Unaudited accounts
for the year ended 30 September 2020
Metric Engineering Management Limited
Unaudited accounts
Contents
Metric Engineering Management Limited
Company Information
for the year ended 30 September 2020
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 2020
Intangible assets
2,855
3,805
Tangible assets
63,527
77,079
Inventories
11,212
53,376
Cash at bank and in hand
297,618
69,606
Creditors: amounts falling due within one year
(91,975)
(232,864)
Net current assets
294,450
224,468
Total assets less current liabilities
360,832
305,352
Creditors: amounts falling due after more than one year
(3,845)
(10,126)
Net assets
356,987
295,226
Called up share capital
100
100
Profit and loss account
356,887
295,126
Shareholders' funds
356,987
295,226
For the year ending 30 September 2020 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.
The financial statements were approved by the Board and authorised for issue on 6 May 2021 and were signed on its behalf by
John Patrick Hayes
Director
Company Registration No. 09950595
Metric Engineering Management Limited
Notes to the Accounts
for the year ended 30 September 2020
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 30 September 2020
6,910
At 30 September 2020
4,055
At 30 September 2020
2,855
At 30 September 2019
3,805
Metric Engineering Management Limited
Notes to the Accounts
for the year ended 30 September 2020
5
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 2019
47,505
54,814
11,312
25,871
139,502
Additions
5,146
-
-
1,509
6,655
At 30 September 2020
52,651
54,814
11,312
27,380
146,157
At 1 October 2019
22,790
25,812
2,237
11,584
62,423
Charge for the year
7,465
7,251
1,542
3,949
20,207
At 30 September 2020
30,255
33,063
3,779
15,533
82,630
At 30 September 2020
22,396
21,751
7,533
11,847
63,527
At 30 September 2019
24,715
29,002
9,075
14,287
77,079
6
Debtors: amounts falling due within one year
2020
2019
Trade debtors
46,465
290,497
Accrued income and prepayments
1,750
4,884
Other debtors
29,380
38,969
7
Creditors: amounts falling due within one year
2020
2019
Obligations under finance leases and hire purchase contracts
2,645
8,748
Trade creditors
62,610
149,806
Taxes and social security
(39,696)
55,259
Other creditors
14,458
1,070
Loans from directors
-
8,561
8
Creditors: amounts falling due after more than one year
2020
2019
Obligations under finance leases and hire purchase contracts
3,845
10,126
As at 30/09/2018, there was an amount totalling £22,983 owing by the Director. This balance was cleared in March 2019.
10
Average number of employees
During the year the average number of employees was 0 (2019: 9).