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REGISTERED NUMBER: 09982980 (England and Wales)















THE METAL BELT COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28 FEBRUARY 2023






THE METAL BELT COMPANY LIMITED (REGISTERED NUMBER: 09982980)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE METAL BELT COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: K O'Brien
Mrs A O'Brien





SECRETARY: None Appointed





REGISTERED OFFICE: Dipford House, Queens Square
Huddersfield Road
Honley
Holmfirth
West Yorkshire
HD9 6QZ





REGISTERED NUMBER: 09982980 (England and Wales)





ACCOUNTANTS: STEAD ROBINSON
Dipford House, Queens Square
Huddersfield Road
Honley
Holmfirth
HD9 6QZ

THE METAL BELT COMPANY LIMITED (REGISTERED NUMBER: 09982980)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 71,873 73,008

CURRENT ASSETS
Debtors 5 39,186 156,110
Cash at bank 93,323 62,791
132,509 218,901
CREDITORS
Amounts falling due within one year 6 24,902 55,172
NET CURRENT ASSETS 107,607 163,729
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,480

236,737

CREDITORS
Amounts falling due after more than one year 7 38,369 48,333
NET ASSETS 141,111 188,404

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 141,011 188,304
SHAREHOLDERS' FUNDS 141,111 188,404

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

THE METAL BELT COMPANY LIMITED (REGISTERED NUMBER: 09982980)

BALANCE SHEET - continued
28 FEBRUARY 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 22 November 2023 and were signed on its behalf by:





Mrs A O'Brien - Director


THE METAL BELT COMPANY LIMITED (REGISTERED NUMBER: 09982980)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

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

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 etc - 33% on reducing balance and 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

THE METAL BELT COMPANY LIMITED (REGISTERED NUMBER: 09982980)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2022 99,330 4,551 8,175 112,056
Additions 47,601 - 2,125 49,726
At 28 February 2023 146,931 4,551 10,300 161,782
DEPRECIATION
At 1 March 2022 31,521 2,347 5,180 39,048
Charge for year 22,235 440 1,707 24,382
Eliminated on disposal 26,479 - - 26,479
At 28 February 2023 80,235 2,787 6,887 89,909
NET BOOK VALUE
At 28 February 2023 66,696 1,764 3,413 71,873
At 28 February 2022 67,809 2,204 2,995 73,008

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 35,029 153,473
Other debtors 4,157 2,637
39,186 156,110

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,891 1,092
Taxation and social security 20,988 51,676
Other creditors 2,023 2,404
24,902 55,172

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 38,369 48,333