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Company Registration No. 09243215 (England and Wales)
Metal Depot Limited Unaudited accounts for the year ended 31 March 2024
Metal Depot Limited Unaudited accounts Contents
Page
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Metal Depot Limited Company Information for the year ended 31 March 2024
Directors
Maxim Gil Linstead Sally Anne Everitt
Company Number
09243215 (England and Wales)
Registered Office
Navigation Lane Lock Lane Castleford West Yorkshire WF10 2LA UK
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Metal Depot Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1 
1 
Tangible assets
121,386 
124,487 
121,387 
124,488 
Current assets
Inventories
166,705 
166,676 
Debtors
989,771 
811,641 
Cash at bank and in hand
40,749 
56,907 
1,197,225 
1,035,224 
Creditors: amounts falling due within one year
(1,245,475)
(1,154,463)
Net current liabilities
(48,250)
(119,239)
Total assets less current liabilities
73,137 
5,249 
Provisions for liabilities
Deferred tax
(23,064)
- 
Net assets
50,073 
5,249 
Capital and reserves
Profit and loss account
50,073 
5,249 
Shareholders' funds
50,073 
5,249 
For the year ending 31 March 2024 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 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 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 of Directors and authorised for issue on 11 July 2024 and were signed on its behalf by
Maxim Gil Linstead Director Company Registration No. 09243215
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Metal Depot Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Metal Depot Limited is a private company, limited by shares, registered in England and Wales, registration number 09243215. The registered office is Navigation Lane, Lock Lane, Castleford, West Yorkshire, WF10 2LA, UK.
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.
3
Accounting policies
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
5 Years - Straight Line
Computer equipment
2 Years - Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
1 
At 31 March 2024
1 
Amortisation
At 1 April 2023
- 
At 31 March 2024
- 
Net book value
At 31 March 2024
1 
At 31 March 2023
1 
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Metal Depot Limited Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
151,239 
2,228 
153,467 
Additions
19,814 
- 
19,814 
At 31 March 2024
171,053 
2,228 
173,281 
Depreciation
At 1 April 2023
27,618 
1,362 
28,980 
Charge for the year
22,360 
555 
22,915 
At 31 March 2024
49,978 
1,917 
51,895 
Net book value
At 31 March 2024
121,075 
311 
121,386 
At 31 March 2023
123,621 
866 
124,487 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
953,658 
625,606 
Accrued income and prepayments
33,024 
156,381 
Other debtors
3,089 
29,654 
989,771 
811,641 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
225,000 
50,000 
VAT
160,640 
90,221 
Obligations under finance leases and hire purchase contracts
21,031 
- 
Trade creditors
325,628 
452,707 
Taxes and social security
98,123 
137,598 
Other creditors
320,610 
301,660 
Loans from directors
91,893 
112,456 
Accruals
2,550 
2,170 
Deferred income
- 
7,651 
1,245,475 
1,154,463 
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
5,164 
- 
Later than one year and not later than five years
18,119 
- 
23,283 
- 
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Metal Depot Limited Notes to the Accounts for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 22 (2023: 24).
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