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REGISTERED NUMBER: 07185197 (England and Wales)









METAL TREATMENTS (PORTSMOUTH) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






METAL TREATMENTS (PORTSMOUTH) LIMITED (REGISTERED NUMBER: 07185197)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


METAL TREATMENTS (PORTSMOUTH) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M A Mays
Miss L E M Brown





SECRETARY: MC Secretaries Limited





REGISTERED OFFICE: Unit 12
Limberline Spur
Hilsea
Portsmouth
Hampshire
PO3 5HJ





REGISTERED NUMBER: 07185197 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

METAL TREATMENTS (PORTSMOUTH) LIMITED (REGISTERED NUMBER: 07185197)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,468 15,264
11,468 15,264

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 69,659 73,362
Cash at bank 70,441 80,939
142,100 156,301
CREDITORS
Amounts falling due within one year 7 122,679 135,027
NET CURRENT ASSETS 19,421 21,274
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,889

36,538

PROVISIONS FOR LIABILITIES 9 2,867 2,900
NET ASSETS 28,022 33,638

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 28,021 33,637
SHAREHOLDERS' FUNDS 28,022 33,638

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

METAL TREATMENTS (PORTSMOUTH) LIMITED (REGISTERED NUMBER: 07185197)

BALANCE SHEET - continued
31 MARCH 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 3 November 2023 and were signed on its behalf by:





M A Mays - Director


METAL TREATMENTS (PORTSMOUTH) LIMITED (REGISTERED NUMBER: 07185197)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Metal Treatments (Portsmouth) Limited is a private company, limited by shares , registered in England and Wales. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

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
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Financial instruments
Debtors and cash at bank: Trade and other debtors are recognised at the settlement amount due after any trade discount offered. prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash on deposit or in a current account.

Creditors and provisions: Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of economic benefits to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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.


METAL TREATMENTS (PORTSMOUTH) LIMITED (REGISTERED NUMBER: 07185197)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences at the balance sheet date, except as otherwise required in the paragraphs below.

Unrelieved 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.

Deferred tax shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to an deferred tax asset or liability.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 20,000
AMORTISATION
At 1 April 2022
and 31 March 2023 20,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022
and 31 March 2023 16,538 1,063 28,655 7,287 53,543
DEPRECIATION
At 1 April 2022 15,567 682 16,566 5,464 38,279
Charge for year 243 76 3,022 455 3,796
At 31 March 2023 15,810 758 19,588 5,919 42,075
NET BOOK VALUE
At 31 March 2023 728 305 9,067 1,368 11,468
At 31 March 2022 971 381 12,089 1,823 15,264

METAL TREATMENTS (PORTSMOUTH) LIMITED (REGISTERED NUMBER: 07185197)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 67,937 70,455
Other debtors 1,722 2,907
69,659 73,362

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,478 5,797
Taxation and social security 37,081 27,645
Other creditors 84,120 101,585
122,679 135,027

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 21,945 21,945
Between one and five years 27,431 49,376
49,376 71,321

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,867 2,900

Deferred
tax
£   
Balance at 1 April 2022 2,900
Accelerated capital allowances (33 )
Balance at 31 March 2023 2,867

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1.00 1 1

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M A Mays.