01877761falsescrap metal merchants and presswork2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:CompanySecretary12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:Director22023-04-012024-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-04-012024-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2024-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FRS1022023-04-012024-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:LandBuildings2023-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:LandBuildings2024-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 01877761

Metro Alloys & Residues Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
Robert Perry Ltd
Parkside House
Old Stafford Road
Wolverhampton
West Midlands
WS9 0PH

Metro Alloys & Residues Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
K.W. Child Esq.
Mrs S. Child
SECRETARY
Mrs S. Child
REGISTERED OFFICE
Metro House
Nimmings Road
Halesowen
West Midlands
B62 9JE
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 01877761
ACCOUNTANTS
Robert Perry Ltd
Parkside House
Old Stafford Road
Wolverhampton
West Midlands
WS9 0PH

Metro Alloys & Residues Limited

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Metro Alloys & Residues Limited

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets4112,483117,107
CURRENT ASSETS
Stock1,301,9511,003,863
Debtors61,460,8281,746,115
Cash at bank and in hand2,761,4302,940,284
5,524,2095,690,262
CREDITORS: Amounts falling due within one year7795,872768,830
NET CURRENT ASSETS4,728,3374,921,432
TOTAL ASSETS LESS CURRENT LIABILITIES4,840,8205,038,539
CAPITAL AND RESERVES
Called up share capital85,0005,000
Profit and loss account4,835,8205,033,539
SHAREHOLDERS' FUNDS4,840,8205,038,539
For the year ending 31/03/2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 01/08/2024 and signed on their behalf by
.............................
K.W. Child Esq.
Director
.............................
Mrs S. Child
Director

Metro Alloys & Residues Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 2%
Commercial Vehiclesreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 5 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. EMPLOYEES
20242023
No.No.
Average number of employees77

Metro Alloys & Residues Limited

3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/04/202315,00015,000
At 31/03/202415,00015,000
Depreciation
At 01/04/202315,00015,000
At 31/03/202415,00015,000
Net Book Amounts
At 31/03/2024--
4. TANGIBLE FIXED ASSETS
Land AndPlant andCommercialFixtures
BuildingsMachineryVehiclesand FittingsTotal
£££££
Cost
At 01/04/2023213,937107,66430,62411,872364,097
At 31/03/2024213,937107,66430,62411,872364,097
Depreciation
At 01/04/202398,334107,66429,12011,872246,990
For the year4,248-376-4,624
At 31/03/2024102,582107,66429,49611,872251,614
Net Book Amounts
At 31/03/2024111,355-1,128-112,483
At 31/03/2023115,603-1,504-117,107
5. STOCK 20242023
££
Stock comprises:
Stock of finished goods1,301,9511,003,863
1,301,9511,003,863

Metro Alloys & Residues Limited

6. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors73,521623,836
Other debtors1,387,3071,122,279
1,460,8281,746,115
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax1,994141,755
VAT13,2695,120
Trade creditors574,534461,103
Other creditors206,075160,852
795,872768,830
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
5000 Class 1 shares of £1 each50005000
5,0005,000