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REGISTERED NUMBER: SC638021 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

J. Berry (Metals) Ltd

J. Berry (Metals) Ltd (Registered number: SC638021)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J. Berry (Metals) Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: J Berry
J M Berry





REGISTERED OFFICE: 47-49 The Square
Kelso
United Kingdom
Roxburghshire
TD5 7HW





REGISTERED NUMBER: SC638021 (Scotland)





ACCOUNTANTS: Douglas Home & Co Ltd
Chartered Accountants
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

J. Berry (Metals) Ltd (Registered number: SC638021)

Balance Sheet
31 August 2023

31/8/23 31/8/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 36,000 42,000
Property, plant and equipment 5 135,138 104,058
171,138 146,058

CURRENT ASSETS
Inventories 68,620 64,653
Debtors 6 7,717 27,630
Cash at bank 399,330 483,633
475,667 575,916
CREDITORS
Amounts falling due within one year 7 365,913 478,965
NET CURRENT ASSETS 109,754 96,951
TOTAL ASSETS LESS CURRENT
LIABILITIES

280,892

243,009

PROVISIONS FOR LIABILITIES 11,000 -
NET ASSETS 269,892 243,009

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 269,692 242,809
SHAREHOLDERS' FUNDS 269,892 243,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

J. Berry (Metals) Ltd (Registered number: SC638021)

Balance Sheet - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:




J Berry - Director



J M Berry - Director


J. Berry (Metals) Ltd (Registered number: SC638021)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

J. Berry (Metals) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

J. Berry (Metals) Ltd (Registered number: SC638021)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 60,000
AMORTISATION
At 1 September 2022 18,000
Charge for year 6,000
At 31 August 2023 24,000
NET BOOK VALUE
At 31 August 2023 36,000
At 31 August 2022 42,000

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 September 2022 198,390
Additions 65,326
Disposals (13,679 )
At 31 August 2023 250,037
DEPRECIATION
At 1 September 2022 94,332
Charge for year 27,562
Eliminated on disposal (6,995 )
At 31 August 2023 114,899
NET BOOK VALUE
At 31 August 2023 135,138
At 31 August 2022 104,058

6. DEBTORS
31/8/23 31/8/22
£    £   
Amounts falling due within one year:
Trade debtors 6,000 24,588
Other debtors 1,717 1,542
7,717 26,130

J. Berry (Metals) Ltd (Registered number: SC638021)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

6. DEBTORS - continued
31/8/23 31/8/22
£    £   
Amounts falling due after more than one year:
Other debtors - 1,500

Aggregate amounts 7,717 27,630

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade creditors 1,241 4,462
Taxation and social security 47,158 67,058
Other creditors 317,514 407,445
365,913 478,965