IRIS Accounts Production v23.3.1.45 01149471 Board of Directors 1.5.22 30.4.23 30.4.23 specialist dismantling, demolition and disposal in the electrical supply industry. true false true true false false true false Ordinary 1.00000 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REGISTERED NUMBER: 01149471 (England and Wales)












JOHN ROBSON (METALS) LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023






JOHN ROBSON (METALS) LIMITED (REGISTERED NUMBER: 01149471)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Statement of Comprehensive Income 8

Balance Sheet 9

Statement of Changes in Equity 10

Cash Flow Statement 11

Notes to the Cash Flow Statement 12

Notes to the Financial Statements 13


JOHN ROBSON (METALS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Mrs E Slater
Mr M Eastham



SECRETARY: Mrs E Slater



REGISTERED OFFICE: Stump Cross Farm
Goosnargh
Preston
Lancashire
PR3 2FE



REGISTERED NUMBER: 01149471 (England and Wales)



AUDITORS: Rushtons
Chartered Accountants
Statutory Auditors
Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB



BANKERS: National Westminster Bank plc
8 Berry Lane
Longridge
Preston
Lancashire
PR3 3LB

JOHN ROBSON (METALS) LIMITED (REGISTERED NUMBER: 01149471)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2023

The directors present their strategic report for the year ended 30 April 2023.

REVIEW OF BUSINESS
The company provides services of dismantling, demolition and disposal exclusively to the heavy electrical supply industry. We are centrally based in the north west of England and our services are nationwide.

The business continues to develop and is successfully navigating the incremental regulation requirements whilst being watchful of running costs and overheads. Internal record keeping systems are being developed further, helping to identify profit opportunities and cost savings.

The company continues to expand into new markets whilst maintaining their core client base that has developed over many years. The directors use their experience to monitor Key Performance Indicators (KPIs) on a regular basis using their internal systems.

During the last financial year the process of refining the quality and delivery of our services to our established clients has continued with opportunities from new clients being turned into good business.

PRINCIPAL RISKS AND UNCERTAINTIES
The directors have considered the principal risks and uncertainties which face the business and are satisfied that they have systems in place to address these risks. These matters are reviewed on a regular basis and include strategies for maintaining and improving health and safety and for the training and development of staff.

As with almost all industries, the construction industry continues to face the economic uncertainties surrounding Brexit. As a consequence, the risks around this continue to be monitored and the directors remain cautious as to future trading levels.

KEY PERFORMANCE INDICATORS
The main financial Key Performance Indicators (KPI's) are turnover, gross profit and operating (loss)/profit. The results for the year are as follows:

30 April 2023 30 April 2022
£ £
Turnover 6,774,749 11,648,732
Gross Profit 5,314,874 7,936,600
Operating (loss)/profit (1,579,658) 1,316,110

Year ending 2023 saw a slower start to the RIIO T2 framework period than originally expected. Workload slowed down somewhat and the value of contracts awarded were considerably less than previous years.
Investment in the business continued with development works at both sites to help improve processing and efficiencies when back up to full capacity. The Directors have looked to implement cost savings where possible across the business and continue to offer bespoke services within our industry.

ON BEHALF OF THE BOARD:





Mrs E Slater - Secretary


18 January 2024

JOHN ROBSON (METALS) LIMITED (REGISTERED NUMBER: 01149471)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 APRIL 2023

The directors present their report with the financial statements of the company for the year ended 30 April 2023.

DIVIDENDS
An interim dividend of 17.4841053 per share was paid on 30 April 2023. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 30 April 2023 will be £ 385,000 .

RESEARCH AND DEVELOPMENT
The company is currently developing software to assist with wastage whilst on site.

FUTURE DEVELOPMENTS
The company is looking to expand their current site and maintain their current market position. After several years of large investment across both of our operational sites and plant and vehicle fleets, we are now in a position to increase waste volumes processed through the sites by tendering for DNO disposal frameworks that we have previously declined. Such frame works would potentially bring our turnover back to recent levels aligned with increased and improved efficiencies and production.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2022 to the date of this report.

Mrs E Slater
Mr M Eastham

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-state whether applicable accounting standards have been followed, subject to any material departures disclosed and
explained in the financial statements;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:



Mrs E Slater - Secretary


18 January 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
JOHN ROBSON (METALS) LIMITED

Opinion
We have audited the financial statements of John Robson (Metals) Limited (the 'company') for the year ended 30 April 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 April 2023 and of its loss for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
JOHN ROBSON (METALS) LIMITED


Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
JOHN ROBSON (METALS) LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Identifying and assessing potential risks related to irregularities
In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- The nature of the industry and sector, control environment and business performance including the design of the company's remuneration policies, bonus levels and performance targets;
- Enquiring of management, including obtaining and reviewing supporting documentation, concerning the company's policies and procedures relating to:
- Identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;
- Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
- The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.
- Discussing among the engagement team and involving relevant internal specialists, including tax specialists regarding how and where fraud might occur in the financial statements and any potential indicators of fraud, and;
- Obtaining an understanding of the legal and regulatory frameworks that the company operates in, focusing on those laws and regulations that had a direct effect on the financial statements, such as provisions of the UK Companies Act, pensions legislation and tax legislation or that had a fundamental effect on the operations of the company, including the General Data Protection requirements, Anti-bribery and corruption policies and health and safety laws and regulations pertaining to this industry.

Audit response to risks identified
As a result of performing the above procedures, we did not identify any key audit matters related to the potential risk of fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

In addition to the above, our procedures to respond to risks identified included the following:
- Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
- Enquiring of management, and in-house legal counsel concerning actual and potential litigation and claims;
- Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; and
- Reading available minutes of meeting of those charged with governance and any available correspondence with regulators.

Addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
JOHN ROBSON (METALS) LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Adam Calvert ACA (Senior Statutory Auditor)
for and on behalf of Rushtons
Chartered Accountants
Statutory Auditors
Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB

18 January 2024

JOHN ROBSON (METALS) LIMITED (REGISTERED NUMBER: 01149471)

STATEMENT OF COMPREHENSIVE
INCOME
FOR THE YEAR ENDED 30 APRIL 2023

2023 2022
Notes £    £   

TURNOVER 3 6,774,749 11,648,732

Cost of sales 1,459,875 3,712,132
GROSS PROFIT 5,314,874 7,936,600

Administrative expenses 6,894,532 6,620,496
(1,579,658 ) 1,316,104

Other operating income - 6
OPERATING (LOSS)/PROFIT 5 (1,579,658 ) 1,316,110

Interest receivable and similar income 8,652 369
(LOSS)/PROFIT BEFORE TAXATION (1,571,006 ) 1,316,479

Tax on (loss)/profit 6 (18,369 ) 254,964
(LOSS)/PROFIT FOR THE FINANCIAL YEAR (1,552,637 ) 1,061,515

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

(1,552,637

)

1,061,515

JOHN ROBSON (METALS) LIMITED (REGISTERED NUMBER: 01149471)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 4,866,816 4,731,313

CURRENT ASSETS
Stocks 9 690,673 759,070
Debtors 10 2,791,021 3,676,184
Cash at bank and in hand 977,733 2,485,620
4,459,427 6,920,874
CREDITORS
Amounts falling due within one year 11 2,162,623 2,532,492
NET CURRENT ASSETS 2,296,804 4,388,382
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,163,620

9,119,695

PROVISIONS FOR LIABILITIES 12 223,263 241,701
NET ASSETS 6,940,357 8,877,994

CAPITAL AND RESERVES
Called up share capital 13 2,202,000 2,202,000
Capital redemption reserve 450,404 450,404
Retained earnings 4,287,953 6,225,590
SHAREHOLDERS' FUNDS 6,940,357 8,877,994

The financial statements were approved by the Board of Directors and authorised for issue on 18 January 2024 and were signed on its behalf by:





Mrs E Slater - Director


JOHN ROBSON (METALS) LIMITED (REGISTERED NUMBER: 01149471)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2023

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 May 2021 2,202,000 5,549,075 450,404 8,201,479

Changes in equity
Dividends - (385,000 ) - (385,000 )
Total comprehensive income - 1,061,515 - 1,061,515
Balance at 30 April 2022 2,202,000 6,225,590 450,404 8,877,994

Changes in equity
Dividends - (385,000 ) - (385,000 )
Total comprehensive income - (1,552,637 ) - (1,552,637 )
Balance at 30 April 2023 2,202,000 4,287,953 450,404 6,940,357

JOHN ROBSON (METALS) LIMITED (REGISTERED NUMBER: 01149471)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2023

2023 2022
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 (526,869 ) 2,343,607
Tax paid (213,575 ) (391,538 )
Net cash from operating activities (740,444 ) 1,952,069

Cash flows from investing activities
Purchase of tangible fixed assets (508,402 ) (683,535 )
Sale of tangible fixed assets 6,650 4,406
Interest received 8,652 369
Net cash from investing activities (493,100 ) (678,760 )

Cash flows from financing activities
Amount introduced by directors 250,250 250,250
Amount withdrawn by directors (139,593 ) (323,744 )
Equity dividends paid (385,000 ) (385,000 )
Net cash from financing activities (274,343 ) (458,494 )

(Decrease)/increase in cash and cash equivalents (1,507,887 ) 814,815
Cash and cash equivalents at beginning
of year

2

2,485,620

1,670,805

Cash and cash equivalents at end of year 2 977,733 2,485,620

JOHN ROBSON (METALS) LIMITED (REGISTERED NUMBER: 01149471)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2023

1. RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS
2023 2022
£    £   
(Loss)/profit before taxation (1,571,006 ) 1,316,479
Depreciation charges 372,291 336,927
Profit on disposal of fixed assets (6,042 ) (3,346 )
Finance income (8,652 ) (369 )
(1,213,409 ) 1,649,691
Decrease/(increase) in stocks 68,397 (194,378 )
Decrease in trade and other debtors 888,195 213,363
(Decrease)/increase in trade and other creditors (270,052 ) 674,931
Cash generated from operations (526,869 ) 2,343,607

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 April 2023
30.4.23 1.5.22
£    £   
Cash and cash equivalents 977,733 2,485,620
Year ended 30 April 2022
30.4.22 1.5.21
£    £   
Cash and cash equivalents 2,485,620 1,670,805


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.5.22 Cash flow At 30.4.23
£    £    £   
Net cash
Cash at bank and in hand 2,485,620 (1,507,887 ) 977,733
2,485,620 (1,507,887 ) 977,733
Total 2,485,620 (1,507,887 ) 977,733

JOHN ROBSON (METALS) LIMITED (REGISTERED NUMBER: 01149471)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

John Robson (Metals) 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.

The company provides services relating to the controlled dismantling and demolition of high voltage substations throughout the United Kingdom.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared under FRS 102. The financial statements are presented in Sterling (£) and are rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the controlled dismantling and demolition of high voltage substations and from sale of goods.

Rendering of services
Turnover from the rendering of dismantling and demolition services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by specific milestones set out in the initial quote and is applied for each month.

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of the ownership of the goods is transferred to the buyer. This is usually at the point when the customer has signed for the delivery of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Plant and equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

On transition to FRS102 the property and improvements to property have been depreciated over a useful economic life of 50 years.

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

When the outcome of a contract can be assessed with reasonable certainty an appropriate proportion of total contract value is included in turnover. The costs incurred in reaching that stage of completion are matched with this turnover. Hence the profit recognised in the accounts is the profit on the proportion of the contract completed by the balance sheet date. Where the directors expect an overall loss on a contract this is recognised as soon as it is foreseen.


JOHN ROBSON (METALS) LIMITED (REGISTERED NUMBER: 01149471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

Pension costs and other post-retirement benefits
The company contributes to various defined contribution pension schemes. Contributions payable are charged to the profit and loss account in the period to which they relate.

Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. TURNOVER

The turnover and loss (2022 - profit) before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2023 2022
£    £   
United Kingdom 6,774,749 11,648,732
6,774,749 11,648,732

JOHN ROBSON (METALS) LIMITED (REGISTERED NUMBER: 01149471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

4. EMPLOYEES AND DIRECTORS
2023 2022
£    £   
Wages and salaries 3,646,865 3,732,710
Social security costs 438,886 438,625
Other pension costs 88,976 75,931
4,174,727 4,247,266

The average number of employees during the year was as follows:
2023 2022

Productive labour 55 56
Administration 15 13
70 69

The company operates a stakeholder defined contribution pension scheme for the benefit of the employees and directors. The assets of the scheme are administered by an independent pension provider. Pension payments recognised as an expense during the year amounted to £88,976 (2022: £75,931). At the year end the pension creditor was £15,104 (2022: £28,994).

2023 2022
£    £   
Directors' remuneration 461,855 510,189
Directors' pension contributions to money purchase schemes 17,857 9,855

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 2 2

Information regarding the highest paid director is as follows:
2023 2022
£    £   
Emoluments etc 245,080 319,514
Pension contributions to money purchase schemes 9,577 2,575

5. OPERATING (LOSS)/PROFIT

The operating loss (2022 - operating profit) is stated after charging/(crediting):

2023 2022
£    £   
Haulage and equipment hire 541,822 912,498
Depreciation - owned assets 372,291 336,927
Profit on disposal of fixed assets (6,042 ) (3,346 )
Auditors' remuneration 6,000 6,000

JOHN ROBSON (METALS) LIMITED (REGISTERED NUMBER: 01149471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

6. TAXATION

Analysis of the tax (credit)/charge
The tax (credit)/charge on the loss for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax - 213,575
Under/(over) provision in earlier years 69 (21 )
Total current tax 69 213,554

Origination and reversal of timing differences (18,438 ) 41,410
Tax on (loss)/profit (18,369 ) 254,964

Reconciliation of total tax (credit)/charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2023 2022
£    £   
(Loss)/profit before tax (1,571,006 ) 1,316,479
(Loss)/profit multiplied by the standard rate of corporation tax in the UK of
0% (2022 - 19%)

-

250,131

Effects of:
Expenses not deductible for tax purposes 16,353 129
Income not taxable for tax purposes (1,148 ) (636 )
Capital allowances in excess of depreciation (15,067 ) (36,049 )
Adjustments to tax charge in respect of previous periods (69 ) (20 )

Origination and reversal of timing differences (18,438 ) 41,409

Total tax (credit)/charge (18,369 ) 254,964

Deferred tax balances at the balance sheet date have been calculated using a rate of 19%, on the basis that this rate had been substantively enacted at the balance sheet date.

7. DIVIDENDS
2023 2022
£    £   
Ordinary shares of £1 each
Interim 385,000 385,000

JOHN ROBSON (METALS) LIMITED (REGISTERED NUMBER: 01149471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

8. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property equipment
£    £    £   
COST
At 1 May 2022 1,976,454 1,527,769 3,827,789
Additions - 284,218 98,070
Disposals - - (8,000 )
At 30 April 2023 1,976,454 1,811,987 3,917,859
DEPRECIATION
At 1 May 2022 194,668 119,623 2,834,989
Charge for year 29,529 33,105 155,516
Eliminated on disposal - - (7,593 )
At 30 April 2023 224,197 152,728 2,982,912
NET BOOK VALUE
At 30 April 2023 1,752,257 1,659,259 934,947
At 30 April 2022 1,781,786 1,408,146 992,800

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2022 89,154 1,724,399 80,498 9,226,063
Additions 12,590 99,419 14,105 508,402
Disposals - (17,250 ) - (25,250 )
At 30 April 2023 101,744 1,806,568 94,603 9,709,215
DEPRECIATION
At 1 May 2022 62,799 1,216,940 65,731 4,494,750
Charge for year 5,317 139,341 9,483 372,291
Eliminated on disposal - (17,049 ) - (24,642 )
At 30 April 2023 68,116 1,339,232 75,214 4,842,399
NET BOOK VALUE
At 30 April 2023 33,628 467,336 19,389 4,866,816
At 30 April 2022 26,355 507,459 14,767 4,731,313

9. STOCKS
2023 2022
£    £   
Raw materials 690,673 759,070

10. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 1,060,774 1,583,281
Other debtors 739,041 1,278,791
Directors' current accounts 3,321 220
Prepayments and accrued income 987,885 813,823
2,791,021 3,676,115

JOHN ROBSON (METALS) LIMITED (REGISTERED NUMBER: 01149471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

10. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Tax - 69

Aggregate amounts 2,791,021 3,676,184

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 602,106 891,476
Tax - 213,575
Social security and other taxes 238,807 113,685
Other creditors 504,144 571,335
Directors' current accounts 143,088 29,330
Accrued expenses 674,478 713,091
2,162,623 2,532,492

12. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 223,263 241,701

Deferred
tax
£   
Balance at 1 May 2022 241,701
Credit to Statement of Comprehensive Income during year (18,438 )
Balance at 30 April 2023 223,263

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2,202,000 Ordinary £1 2,202,000 2,202,000

14. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements 20,000 57,500

JOHN ROBSON (METALS) LIMITED (REGISTERED NUMBER: 01149471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

15. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
Mrs E Slater
Balance outstanding at start of year (29,330 ) (102,823 )
Amounts advanced 181,491 323,743
Amounts repaid (295,250 ) (250,250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (143,089 ) (29,330 )

Mr M Eastham
Balance outstanding at start of year 220 220
Amounts advanced 3,102 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,322 220

16. RELATED PARTY DISCLOSURES

At the year end the following balances were due with related parties:
20232022
££
Loans from shareholders434,796472,710
Loans to key management personnel87,63811,397
Remuneration of key management personnel114,016267,600
Rent paid to key management personnel26,00026,000
Dividends paid to directors250,250250,250

Other related parties
2023 2022
£    £   
Sales 639 639
Purchases 57,403 195,857
Amount due to related party 1,239 93,600

17. ULTIMATE CONTROLLING PARTY

The company is controlled by the director, Mrs E Slater.