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UNIMETAL INDUSTRIES LIMITED

Registered Number
00353330
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

UNIMETAL INDUSTRIES LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

CLARK, Beatrix Diane
CLARK, Michael Timothy

Registered Address

Grove House
2 Woodberry Grove
London
N12 0DR

Registered Number

00353330 (England and Wales)
UNIMETAL INDUSTRIES LIMITED
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3384,732382,523
Investments4103,049-
487,781382,523
Current assets
Debtors5295,468298,694
Cash at bank and on hand66,019177,952
361,487476,646
Creditors amounts falling due within one year6(18,228)(22,001)
Net current assets (liabilities)343,259454,645
Total assets less current liabilities831,040837,168
Net assets831,040837,168
Capital and reserves
Called up share capital40,62540,625
Other reserves375375
Profit and loss account790,040796,168
Shareholders' funds831,040837,168
The financial statements were approved and authorised for issue by the Board of Directors on 9 August 2024, and are signed on its behalf by:
CLARK, Beatrix Diane
Director
Registered Company No. 00353330
UNIMETAL INDUSTRIES LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
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 sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
The investment property is initially measured at its cost and subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Fixtures and fittings15
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 February 23449,547
Additions2,625
At 31 January 24452,172
Depreciation and impairment
At 01 February 2367,024
Charge for year416
At 31 January 2467,440
Net book value
At 31 January 24384,732
At 31 January 23382,523
The investment property is shown at the market value by the directors. In their opinion the estimated market value at the balance sheet date was not materially different than its carrying value.
4.Fixed asset investments

Total

£
Cost or valuation
Additions100,000
Revaluations3,049
At 31 January 24103,049
Net book value
At 31 January 24103,049
At 31 January 23-
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,5054,731
Other debtors293,963293,963
Total295,468298,694
6.Creditors: amounts due within one year

2024

2023

££
Taxation and social security3,0025,271
Accrued liabilities and deferred income15,22616,730
Total18,22822,001
7.Related party transactions
Millwall Ingot Metals Limited (The) - a related company by virtue of both companies being controlled by the director Beatrix Diane Clark. At the balance sheet date, the related company owed £293,963 (2023 - £293,963) to the reporting entity. The loan is interest free with no fixed date for repayment.