7 false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 00455695 2022-07-01 2023-06-30 00455695 2023-06-30 00455695 2022-06-30 00455695 2021-07-01 2022-06-30 00455695 2022-06-30 00455695 core:PlantMachinery 2022-07-01 2023-06-30 00455695 core:FurnitureFittings 2022-07-01 2023-06-30 00455695 bus:Director4 2022-07-01 2023-06-30 00455695 core:WithinOneYear 2023-06-30 00455695 core:WithinOneYear 2022-06-30 00455695 core:ShareCapital 2023-06-30 00455695 core:ShareCapital 2022-06-30 00455695 core:OtherReservesSubtotal 2023-06-30 00455695 core:OtherReservesSubtotal 2022-06-30 00455695 core:RetainedEarningsAccumulatedLosses 2023-06-30 00455695 core:RetainedEarningsAccumulatedLosses 2022-06-30 00455695 core:BetweenOneFiveYears 2023-06-30 00455695 bus:SmallEntities 2022-07-01 2023-06-30 00455695 bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 00455695 bus:AbridgedAccounts 2022-07-01 2023-06-30 00455695 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 00455695 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30
COMPANY REGISTRATION NUMBER: 00455695
Mossley Sheet Metal Company Limited
Filleted Unaudited Abridged Financial Statements
30 June 2023
Mossley Sheet Metal Company Limited
Abridged Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
31,292
36,611
Current assets
Stocks
38,886
57,754
Debtors
56,201
64,734
--------
---------
95,087
122,488
Creditors: amounts falling due within one year
69,611
85,151
--------
---------
Net current assets
25,476
37,337
--------
--------
Total assets less current liabilities
56,768
73,948
--------
--------
Net assets
56,768
73,948
--------
--------
Capital and reserves
Called up share capital
1,832
1,832
Other reserves
538
538
Profit and loss account
54,398
71,578
--------
--------
Shareholders funds
56,768
73,948
--------
--------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.
Mossley Sheet Metal Company Limited
Abridged Statement of Financial Position (continued)
30 June 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 26 October 2023 , and are signed on behalf of the board by:
Mr M Walsh
Director
Company registration number: 00455695
Mossley Sheet Metal Company Limited
Notes to the Abridged Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Squire Mill, Micklehurst Road, Mossley, Ashton-under-Lyne, Lancashire, OL5 9JL.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis as modified by the revaluation of the freehold property that the company occupies.
Revenue recognition
Turnover represents amounts invoiced to customers for the sale of goods, excluding Value Added Tax. Turnover is recognised when each order or part of an order is invoiced, which is when it is completed and despatched to the customer.
Tangible assets
Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in equity.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Fixtures and fittings
-
10% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2022: 7 ).
5. Tangible assets
£
Cost
At 1 July 2022 and 30 June 2023
404,240
---------
Depreciation
At 1 July 2022
367,629
Charge for the year
5,319
---------
At 30 June 2023
372,948
---------
Carrying amount
At 30 June 2023
31,292
---------
At 30 June 2022
36,611
---------
6. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Not later than 1 year
23,592
19,009
Later than 1 year and not later than 5 years
2,912
--------
--------
26,504
19,009
--------
--------