Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseManufacture of other fabricated metal products not elsewhere classified22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02731015 2023-01-01 2023-12-31 02731015 2022-01-01 2022-12-31 02731015 2023-12-31 02731015 2022-12-31 02731015 c:Director1 2023-01-01 2023-12-31 02731015 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 02731015 d:Buildings d:LongLeaseholdAssets 2023-12-31 02731015 d:Buildings d:LongLeaseholdAssets 2022-12-31 02731015 d:CurrentFinancialInstruments 2023-12-31 02731015 d:CurrentFinancialInstruments 2022-12-31 02731015 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02731015 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02731015 d:ShareCapital 2023-12-31 02731015 d:ShareCapital 2022-12-31 02731015 d:CapitalRedemptionReserve 2023-12-31 02731015 d:CapitalRedemptionReserve 2022-12-31 02731015 d:RetainedEarningsAccumulatedLosses 2023-12-31 02731015 d:RetainedEarningsAccumulatedLosses 2022-12-31 02731015 c:FRS102 2023-01-01 2023-12-31 02731015 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02731015 c:FullAccounts 2023-01-01 2023-12-31 02731015 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02731015 6 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 02731015










M & T METALS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
M & T METALS LIMITED
REGISTERED NUMBER: 02731015

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
54,239
54,239

Investments
 5 
65,108
65,108

  
119,347
119,347

  

Creditors: amounts falling due within one year
 6 
(25,446)
(25,446)

Net current liabilities
  
 
 
(25,446)
 
 
(25,446)

Total assets less current liabilities
  
93,901
93,901

  

Net assets
  
93,901
93,901


Capital and reserves
  

Called up share capital 
  
207
207

Capital redemption reserve
  
1
1

Profit and loss account
  
93,693
93,693

  
93,901
93,901


Page 1

 
M & T METALS LIMITED
REGISTERED NUMBER: 02731015
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 April 2024.

N J Goodricke
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
M & T METALS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

M & T Metals Limited is a private company limited by shares, incorporated in England and Wales (registered number: 02731015). Its registered office is Unit F2 Holbrook Green, Holbrook Industrial Estate, Mosborough, Sheffield, S19 5FE. The principal activity of the Company throughout the year continued to be that of a holding company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company's functional and presentation currency is pounds sterling. 

The following principal accounting policies have been applied:

 
2.2

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Long Leasehold Property
-
nil

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

 
M & T METALS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2022 - 2).

Page 4

 
M & T METALS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Long Term Leasehold Property

£



Cost or valuation


At 1 January 2023
60,984



At 31 December 2023

60,984



Depreciation


At 1 January 2023
6,745



At 31 December 2023

6,745



Net book value



At 31 December 2023
54,239



At 31 December 2022
54,239

Page 5

 
M & T METALS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
65,108



At 31 December 2023
65,108




The company has a 100% interest in the issued ordinary share capital of Active Metals Limited, a non listed company incorporated in the United Kingdom. 


6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
25,446
25,446


Page 6