Company Registration No. 05498077 (England and Wales)
Metro Deconstruction Services Limited
Unaudited accounts
for the year ended 31 March 2021
Metro Deconstruction Services Limited
Unaudited accounts
Contents
Metro Deconstruction Services Limited
Company Information
for the year ended 31 March 2021
Company Number
05498077 (England and Wales)
Registered Office
THE OLD DAIRY, HIGHWORTH FARM
STAN HILL, CHARLWOOD
HORLEY
SURREY
RH6 0ES
Metro Deconstruction Services Limited
Statement of financial position
as at
31 March 2021
Tangible assets
1,441,140
1,746,154
Debtors
652,031
1,252,997
Creditors: amounts falling due within one year
(1,706,744)
(2,034,328)
Net current liabilities
(1,054,713)
(781,331)
Total assets less current liabilities
386,427
964,823
Creditors: amounts falling due after more than one year
(579,606)
(779,825)
Provisions for liabilities
Other provisions
(52,310)
(52,310)
Net (liabilities)/assets
(245,489)
132,688
Called up share capital
105
105
Profit and loss account
(245,594)
132,583
Shareholders' funds
(245,489)
132,688
For the year ending 31 March 2021 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 18 May 2022 and were signed on its behalf by
Mark Taylor
Director
Company Registration No. 05498077
Metro Deconstruction Services Limited
Notes to the Accounts
for the year ended 31 March 2021
Metro Deconstruction Services Limited is a private company, limited by shares, registered in England and Wales, registration number 05498077. The registered office is THE OLD DAIRY, HIGHWORTH FARM, STAN HILL, CHARLWOOD, HORLEY, SURREY, RH6 0ES.
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 accumulated depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over the lease term
Plant & machinery
over 5 years
Motor vehicles
over 4 years
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2020
116,203
2,104,968
364,884
2,586,055
Additions
-
157,764
33,250
191,014
Disposals
-
(165,627)
(40,999)
(206,626)
At 31 March 2021
116,203
2,097,105
357,135
2,570,443
At 1 April 2020
89,961
556,128
193,812
839,901
Charge for the year
11,620
418,835
64,161
494,616
On disposals
-
(164,215)
(40,999)
(205,214)
At 31 March 2021
101,581
810,748
216,974
1,129,303
At 31 March 2021
14,622
1,286,357
140,161
1,441,140
At 31 March 2020
26,242
1,548,840
171,072
1,746,154
Metro Deconstruction Services Limited
Notes to the Accounts
for the year ended 31 March 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
503,881
1,207,402
Accrued income and prepayments
33,267
14,903
Other debtors
114,883
30,692
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
488,497
147,502
Obligations under finance leases and hire purchase contracts
517,492
543,737
Trade creditors
1,144,771
1,147,311
Taxes and social security
(452,810)
73,962
Other creditors
4,079
79,579
Loans from directors
4,715
42,237
7
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
579,606
779,825
8
Average number of employees
During the year the average number of employees was 25 (2020: 26).