Company Registration No. 12944698 (England and Wales)
ROSS'S RECYCLED METALS LIMITED
Unaudited accounts
for the year ended 31 October 2023
ROSS'S RECYCLED METALS LIMITED
Unaudited accounts
Contents
ROSS'S RECYCLED METALS LIMITED
Company Information
for the year ended 31 October 2023
Company Number
12944698 (England and Wales)
Registered Office
35 CONISTON
GATESHEAD
NE10 0XB
UNITED KINGDOM
Accountants
Gina Caceres-Jimenez
LONSDALE FINANCIAL LTD
FIRST FLOOR, 10 FAIRFIELD TERRACE
PELAW
GATESHEAD
Tyne and Wear
NE10 0QR
ROSS'S RECYCLED METALS LIMITED
Accountants' report
Accountants' report to the director of ROSS'S RECYCLED METALS LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
ROSS'S RECYCLED METALS LIMITED for the year ended
31 October 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ROSS'S RECYCLED METALS LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of ROSS'S RECYCLED METALS LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ROSS'S RECYCLED METALS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ROSS'S RECYCLED METALS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ROSS'S RECYCLED METALS LIMITED. You consider that ROSS'S RECYCLED METALS LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ROSS'S RECYCLED METALS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Gina Caceres-Jimenez
LONSDALE FINANCIAL LTD
FIRST FLOOR, 10 FAIRFIELD TERRACE
PELAW
GATESHEAD
Tyne and Wear
NE10 0QR
25 July 2024
ROSS'S RECYCLED METALS LIMITED
Statement of financial position
as at 31 October 2023
Tangible assets
14,540
9,045
Cash at bank and in hand
21,874
6,858
Creditors: amounts falling due within one year
(8,942)
(6,857)
Net current assets
13,976
1
Called up share capital
1
1
Profit and loss account
28,515
9,045
Shareholders' funds
28,516
9,046
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 July 2024 and were signed on its behalf by
Thomas Ross
Director
Company Registration No. 12944698
ROSS'S RECYCLED METALS LIMITED
Notes to the Accounts
for the year ended 31 October 2023
ROSS'S RECYCLED METALS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12944698. The registered office is 35 CONISTON, GATESHEAD, NE10 0XB, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives in the first complete year after purchase:
Plant & machinery
10% straight line
Motor vehicles
10% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Deferred tax assets encompass variation in expected Corporation tax expense and actual taking into consideration the above
and accelerated capital allowances.
ROSS'S RECYCLED METALS LIMITED
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2022
450
9,600
10,050
At 31 October 2023
450
16,100
16,550
At 1 November 2022
45
960
1,005
Charge for the year
45
960
1,005
At 31 October 2023
90
1,920
2,010
At 31 October 2023
360
14,180
14,540
At 31 October 2022
405
8,640
9,045
Amounts falling due within one year
Deferred tax asset
1,044
-
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
8,198
6,265
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).