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REGISTERED NUMBER: 06582396 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

METAL MESH UK LTD

METAL MESH UK LTD (REGISTERED NUMBER: 06582396)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


METAL MESH UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr A J Williams
Mr D J Reynolds





REGISTERED OFFICE: Reet House
Unit 1
Keytec East Business Park
Pershore
Worcestershire
WR10 2NX





REGISTERED NUMBER: 06582396 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

METAL MESH UK LTD (REGISTERED NUMBER: 06582396)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,944 10,060
Tangible assets 5 1,132,156 1,144,630
1,141,100 1,154,690

CURRENT ASSETS
Stocks 125,954 112,251
Debtors 512,996 659,904
Cash at bank and in hand 39,192 222,281
678,142 994,436
CREDITORS
Amounts falling due within one year 1,066,681 1,413,590
NET CURRENT LIABILITIES (388,539 ) (419,154 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

752,561

735,536

CREDITORS
Amounts falling due after more than one
year

(77,917

)

(132,917

)

PROVISIONS FOR LIABILITIES (241,867 ) (179,320 )
NET ASSETS 432,777 423,299

CAPITAL AND RESERVES
Called up share capital 490 490
Capital redemption reserve 510 510
Retained earnings 431,777 422,299
SHAREHOLDERS' FUNDS 432,777 423,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

METAL MESH UK LTD (REGISTERED NUMBER: 06582396)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2023


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 April 2024 and were signed on its behalf by:




Mr A J Williams - Director



Mr D J Reynolds - Director


METAL MESH UK LTD (REGISTERED NUMBER: 06582396)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Metal Mesh UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration receivable and represents the total amount receivable by the company for goods supplied and services provided in the normal course of business, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Stamp Duty Land Tax is being amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 5% / 10% on cost to est residual value
Fixtures & fittings - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

METAL MESH UK LTD (REGISTERED NUMBER: 06582396)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 16,757
AMORTISATION
At 1 January 2023 6,697
Amortisation for year 1,116
At 31 December 2023 7,813
NET BOOK VALUE

At 31 December 2023 8,944
At 31 December 2022 10,060

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 1,772,499
Additions 67,601
At 31 December 2023 1,840,100
DEPRECIATION
At 1 January 2023 627,869
Charge for year 80,075
At 31 December 2023 707,944
NET BOOK VALUE
At 31 December 2023 1,132,156
At 31 December 2022 1,144,630

METAL MESH UK LTD (REGISTERED NUMBER: 06582396)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. SECURED DEBTS

The following secured debts are included within creditors:

31/12/23 31/12/22
£    £   
Hire purchase contracts - 41,635
Sales financing account 276,029 306,939
276,029 348,574