ACCOUNTS - Accounts

Registered number: 3916313

METRO RESEARCH LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015


METRO RESEARCH LIMITED REGISTERED NUMBER: 3916313

ABBREVIATED BALANCE SHEET

AS AT 31 MARCH 2015

2015

2014

	Note	£	£	£	£
FIXED ASSETS
Tangible assets	2		5,026		6,702

CURRENT ASSETS
Debtors	2,306		6,189
Cash at bank	56,833		87,092

	59,139		93,281
CREDITORS: amounts falling due within one year	(52,793)		(62,168)
NET CURRENT ASSETS		6,346		31,113

TOTAL ASSETS LESS CURRENT LIABILITIES

11,372

37,815

CAPITAL AND RESERVES
Called up share capital	3	50	50
Capital redemption reserve		50	50
Profit and loss account		11,272	37,715

SHAREHOLDERS' FUNDS

11,372

37,815

The director considers that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 March 2015 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 5 October 2015.

Mr M S H Morantz

Director

The notes on pages 2 to 3 form part of these financial statements.

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METRO RESEARCH LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

1.ACCOUNTING POLICIES

	1.1	Basis of preparation of financial statements
		The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	1.2	Turnover
		Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

	1.3	Tangible fixed assets and depreciation
		Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

				Fixtures & fittings	-	25% reducing balance
				Office equipment	-	25% reducing balance

2.TANGIBLE FIXED ASSETS

		£
	Cost
	At 1 April 2014 and 31 March 2015	62,912

	Depreciation
	At 1 April 2014	56,210
	Charge for the year	1,676
	At 31 March 2015	57,886

	Net book value
	At 31 March 2015	5,026
	At 31 March 2014	6,702

3.SHARE CAPITAL

	2015	2014
	£	£
Allotted, called up and fully paid

500 Ordinary shares of £0.10 each	50	50

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METRO RESEARCH LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

4.DIRECTOR'S BENEFITS: ADVANCES, CREDIT AND GUARANTEES

Included in other creditors due within one year is a loan from the director, Mr M S H Morantz, amounting to £(44,097) [2014 - £(26,881)].

During the year advances of £NIL (2014 - £10,619) were made to the director and credits amounting to £37,500 (2014 - £37,500) were received from the director.

5.RELATED PARTY TRANSACTIONS

The director Mr M S H Morantz is also a director and shareholder in Baobella Limited, a UK registered company.

During the year, Metro Research Limited received credits from Baobella Limited amounting to £75 [2014 - £(9,041)].

At the year and an amount of £1,777 (2014 - £1,851) was due from Baobella Limited and is included in other debtors.

6.CONTROLLING PARTY

The company was controlled throughout the current period by its director, Mr M S H Morantz, by virtue of the fact that he controls all of the company's ordinary issued share capital.

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