Registered Number
:
04002322
|
For the year ended 31 May 2018
England and Wales
Unaudited Financial Statements
For the year ended 31 May 2018
Metz I.T. Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Metz I.T. Limited
Statement of Financial Position
2017
2018
Property
,
plant and equipment
|
1,601
1,056
2
1,601
1,056
Trade and other receivables
|
-
3,486
3
283
Cash and cash equivalents
|
9,895
13,381
283
Trade and other payables
:
amounts falling due within one
|
year
|
(20,159)
(14,739)
4
(19,876)
(1,358)
Net current liabilities
Total assets less current liabilities
|
243
(18,820)
243
Net assets/liabilities
(18,820)
100
100
143
(18,920)
243
(18,820)
Shareholders' funds
For the year ended 31 May 2018 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 of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
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.
|
These financial statements were approved and authorised for issue by the Board on 28 February 2019 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 May 2018
Metz I.T. Limited
Notes to the Financial Statements
Statutory Information
Metz I
.
T
.
Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
04002322
.
|
26 High Storrs Crescent
Sheffield
S11 7JY
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Fixtures and fittings
Inventories
Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract, at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs.
|
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.
|
2 of 3
For the year ended 31 May 2018
Metz I.T. Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
8,225
1,079
9,304
Provision for depreciation and impairment
|
7,169
Charge for year
534
7,703
1,601
1,056
3
.
Trade and other receivables
|
2017
2018
3,486
-
4
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
Taxation and social security
|
13,423
-
1,316
20,159
14,739
20,159
5
.
Related party transactions
|
The director is also a shareholder of the company
.
Dividends paid to Mr S
.
K
.
Metz
,
as director and shareholder
|
of the company
,
during the year
(
with the previous year shown in brackets
)
were £
22
,
500
(
£Nil
).
|
3 of 3