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REGISTERED NUMBER: 08255239 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

METALFLOOR UK LIMITED

METALFLOOR UK LIMITED (REGISTERED NUMBER: 08255239)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


METALFLOOR UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTORS: P Preston
J Ward
Lord D M Jones





REGISTERED OFFICE: Abacus House
450 Warrington Road
Culcheth
Warrington
Cheshire
WA3 5QX





REGISTERED NUMBER: 08255239 (England and Wales)





ACCOUNTANTS: Hunter Healey Limited
Abacus House
450 Warrington Road
Culcheth
Warrington
Cheshire
WA3 5QX

METALFLOOR UK LIMITED (REGISTERED NUMBER: 08255239)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,877,053 1,748,747
Investments 5 100 100
1,877,153 1,748,847

CURRENT ASSETS
Stocks 478,043 280,995
Debtors 6 475,045 601,888
Cash at bank 387,460 289,609
1,340,548 1,172,492
CREDITORS
Amounts falling due within one year 7 935,481 840,849
NET CURRENT ASSETS 405,067 331,643
TOTAL ASSETS LESS CURRENT LIABILITIES 2,282,220 2,080,490

CREDITORS
Amounts falling due after more than one year 8 (1,326,225 ) (1,398,088 )

PROVISIONS FOR LIABILITIES (87,909 ) (57,903 )
NET ASSETS 868,086 624,499

CAPITAL AND RESERVES
Called up share capital 111 111
Share premium 49,984 49,984
Revaluation reserve 10 304,601 169,601
Retained earnings 513,390 404,803
868,086 624,499

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

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

METALFLOOR UK LIMITED (REGISTERED NUMBER: 08255239)

BALANCE SHEET - continued
31ST OCTOBER 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 26th February 2024 and were signed on its behalf by:





P Preston - Director


METALFLOOR UK LIMITED (REGISTERED NUMBER: 08255239)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023

1. STATUTORY INFORMATION

Metalfloor UK 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

METALFLOOR UK LIMITED (REGISTERED NUMBER: 08255239)

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

2. ACCOUNTING POLICIES - continued

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.

Freehold property revaluation
The freehold property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve inline with an annual impairment review.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1st November 2022 1,680,000 33,422 79,878
Additions - 3,140 6,369
Disposals - - (3,010 )
Revaluations 135,000 - -
At 31st October 2023 1,815,000 36,562 83,237
DEPRECIATION
At 1st November 2022 - 17,042 37,436
Charge for year - 4,317 11,706
Eliminated on disposal - - (2,540 )
At 31st October 2023 - 21,359 46,602
NET BOOK VALUE
At 31st October 2023 1,815,000 15,203 36,635
At 31st October 2022 1,680,000 16,380 42,442

METALFLOOR UK LIMITED (REGISTERED NUMBER: 08255239)

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

4. TANGIBLE FIXED ASSETS - continued

Motor
vehicles Website Totals
£    £    £   
COST OR VALUATION
At 1st November 2022 8,000 17,165 1,818,465
Additions - 2,500 12,009
Disposals - - (3,010 )
Revaluations - - 135,000
At 31st October 2023 8,000 19,665 1,962,464
DEPRECIATION
At 1st November 2022 3,500 11,740 69,718
Charge for year 1,125 1,085 18,233
Eliminated on disposal - - (2,540 )
At 31st October 2023 4,625 12,825 85,411
NET BOOK VALUE
At 31st October 2023 3,375 6,840 1,877,053
At 31st October 2022 4,500 5,425 1,748,747

Cost or valuation at 31st October 2023 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2022 1,680,000 36,562 83,237
Valuation in 2023 135,000 - -
1,815,000 36,562 83,237

Motor
vehicles Website Totals
£    £    £   
Valuation in 2022 8,000 19,665 1,827,464
Valuation in 2023 - - 135,000
8,000 19,665 1,962,464

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,516,885 1,498,354

Value of land in freehold land and buildings 1,516,885 1,498,354

Freehold land and buildings were valued on an open market basis on 31st October 2023 by the directors .

METALFLOOR UK LIMITED (REGISTERED NUMBER: 08255239)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST OR VALUATION
At 1st November 2022
and 31st October 2023 19,000
DEPRECIATION
At 1st November 2022 8,313
Charge for year 2,671
At 31st October 2023 10,984
NET BOOK VALUE
At 31st October 2023 8,016
At 31st October 2022 10,687

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st November 2022
and 31st October 2023 100
NET BOOK VALUE
At 31st October 2023 100
At 31st October 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 388,324 453,289
Other debtors 86,721 148,599
475,045 601,888

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 72,011 61,326
Hire purchase contracts 3,663 3,663
Trade creditors 360,157 524,404
Taxation and social security 266,001 99,201
Other creditors 233,649 152,255
935,481 840,849

METALFLOOR UK LIMITED (REGISTERED NUMBER: 08255239)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 1,323,740 1,391,940
Hire purchase contracts 2,485 6,148
1,326,225 1,398,088

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,393,540 1,448,500
Hire purchase contracts 6,148 9,811
1,399,688 1,458,311

10. RESERVES
Revaluation
reserve
£   
At 1st November 2022 169,601
Additions 135,000

At 31st October 2023 304,601