Company Registration No. 11568765 (England and Wales)
Metcraft Group Ltd
Unaudited accounts
for the year ended 30 September 2020
Metcraft Group Ltd
Unaudited accounts
Contents
Metcraft Group Ltd
Company Information
for the year ended 30 September 2020
Directors
Richard China
Andrew China
Company Number
11568765 (England and Wales)
Registered Office
4 OLD MILL LANE
Aylesford
Kent
ME20 7DT
United Kingdom
Accountants
Joan Perkins Limited
Brackenhurst
144 Kippington Road
Sevenoaks
Kent
TN13 2LW
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Metcraft Group Ltd
for the year ended 30 September 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Metcraft Group Ltd for the year ended 30 September 2020 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Joan Perkins Limited
Chartered Management Accountants
Brackenhurst
144 Kippington Road
Sevenoaks
Kent
TN13 2LW
7 July 2021
Metcraft Group Ltd
Statement of financial position
as at
30 September 2020
Tangible assets
145,908
28,895
Cash at bank and in hand
36,791
73,913
Creditors: amounts falling due within one year
(394,605)
(568,239)
Net current assets
161,461
111,825
Total assets less current liabilities
307,369
140,720
Creditors: amounts falling due after more than one year
(50,000)
(20,000)
Net assets
257,369
120,720
Called up share capital
2
2
Profit and loss account
257,367
120,718
Shareholders' funds
257,369
120,720
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 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 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 of Directors and authorised for issue on 7 July 2021 and were signed on its behalf by
Richard China
Director
Company Registration No. 11568765
Metcraft Group Ltd
Notes to the Accounts
for the year ended 30 September 2020
Metcraft Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 11568765. The registered office is 4 OLD MILL LANE, Aylesford, Kent, ME20 7DT, United Kingdom.
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
4 years
Fixtures & fittings
4 years
Computer equipment
4 years
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2019
38,527
-
-
38,527
Additions
98,179
36,725
3,181
138,085
At 30 September 2020
136,706
36,725
3,181
176,612
At 1 October 2019
9,632
-
-
9,632
Charge for the year
14,593
6,007
472
21,072
At 30 September 2020
24,225
6,007
472
30,704
At 30 September 2020
112,481
30,718
2,709
145,908
At 30 September 2019
28,895
-
-
28,895
Metcraft Group Ltd
Notes to the Accounts
for the year ended 30 September 2020
5
Debtors: amounts falling due within one year
2020
2019
Trade debtors
468,130
507,015
Amounts due from group undertakings etc.
50,000
-
Accrued income and prepayments
1,145
-
6
Creditors: amounts falling due within one year
2020
2019
Trade creditors
223,738
519,003
Taxes and social security
23,115
49,236
Loans from directors
(2)
-
7
Creditors: amounts falling due after more than one year
2020
2019
8
Average number of employees
During the year the average number of employees was 24 (2019: 17).