Company Registration No. 9308446 (England and Wales)
ALL SCRAP METAL & RECYCLING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
ALL SCRAP METAL & RECYCLING LIMITED
COMPANY INFORMATION
Director
E Biddle
Company number
9308446
Registered office
Stevendale House
Primett Road
Stevenage
Herts
SG1 3EE
ALL SCRAP METAL & RECYCLING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
ALL SCRAP METAL & RECYCLING LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
2
82,910
45,197
Current assets
Stocks
9,880
33,788
Cash at bank and in hand
137,023
139,202
146,903
172,990
Creditors: amounts falling due within one year
3
(68,346)
(97,953)
Net current assets
78,557
75,037
Total assets less current liabilities
161,467
120,234
Capital and reserves
Called up share capital
4
100
100
Profit and loss reserves
161,367
120,134
Total equity
161,467
120,234

The director of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Director's responsibilities:

 

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and signed by the director and authorised for issue on 22 August 2024
E Biddle
Director
Company Registration No. 9308446
ALL SCRAP METAL & RECYCLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 2 -
1
Accounting policies
Company information

All Scrap Metal & Recycling Limited is a private company limited by shares incorporated in England and Wales. The registered office is Stevendale House, Primett Road, Stevenage, Herts, SG1 3EE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

ALL SCRAP METAL & RECYCLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022
100,823
Additions
65,350
At 30 November 2023
166,173
Depreciation and impairment
At 1 December 2022
55,626
Depreciation charged in the year
27,637
At 30 November 2023
83,263
Carrying amount
At 30 November 2023
82,910
At 30 November 2022
45,197
3
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,667
2,461
Corporation tax
8,158
6,159
Other taxation and social security
22,518
37,239
Other creditors
36,003
52,094
68,346
97,953
4
Called up share capital
2023
2022
£
£
Ordinary share capital
Authorised
100 Ordinary shares of £1 each
100
100
Issued and fully paid
100 Ordinary shares of £1 each
100
100
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