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Company Registration No. 11581266 (England and Wales)
Barrow Scrap Metal Ltd Unaudited accounts for the period from 6 April 2023 to 31 July 2024
Barrow Scrap Metal Ltd Unaudited accounts Contents
Page
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Barrow Scrap Metal Ltd Company Information for the period from 6 April 2023 to 31 July 2024
Directors
Mr Mark Gelling Miss Kathleen O'Connor
Company Number
11581266 (England and Wales)
Registered Office
Market Street House 72 Market Street Dalton in Furness Cumbria LA15 8AA
Accountants
Smeaton & Holmes Ltd 70 Market Street Dalton-in-Furness Cumbria LA15 8AA
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Barrow Scrap Metal Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
162 
67,970 
Current assets
Cash at bank and in hand
101,857 
70,790 
Creditors: amounts falling due within one year
(12,621)
(16,403)
Net current assets
89,236 
54,387 
Total assets less current liabilities
89,398 
122,357 
Creditors: amounts falling due after more than one year
(11,400)
(11,400)
Net assets
77,998 
110,957 
Capital and reserves
Share premium
2 
2 
Profit and loss account
77,996 
110,955 
Shareholders' funds
77,998 
110,957 
For the period ending 31 July 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 27 August 2024 and were signed on its behalf by
Mr Mark Gelling Director Company Registration No. 11581266
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Barrow Scrap Metal Ltd Notes to the Accounts for the period from 6 April 2023 to 31 July 2024
1
Statutory information
Barrow Scrap Metal Ltd is a private company, limited by shares, registered in England and Wales, registration number 11581266. The registered office is Market Street House, 72 Market Street, Dalton in Furness, Cumbria, LA15 8AA.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
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:
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 6 April 2023
108,618 
548 
109,166 
Additions
8,042 
- 
8,042 
Disposals
(116,748)
- 
(116,748)
At 31 July 2024
(88)
548 
460 
Depreciation
At 6 April 2023
40,918 
278 
41,196 
Charge for the period
22,101 
116 
22,217 
On disposals
(63,115)
- 
(63,115)
At 31 July 2024
(96)
394 
298 
Net book value
At 31 July 2024
8 
154 
162 
At 5 April 2023
67,700 
270 
67,970 
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Barrow Scrap Metal Ltd Notes to the Accounts for the period from 6 April 2023 to 31 July 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
6,782 
10,222 
Trade creditors
- 
8 
Taxes and social security
5,770 
6,185 
Other creditors
110 
- 
Loans from directors
(41)
(12)
12,621 
16,403 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,400 
11,400 
7
Average number of employees
During the period the average number of employees was 2 (2023: 2).
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