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REGISTERED NUMBER: 06444606 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

A & A METALS (KENT) LIMITED

A & A METALS (KENT) LIMITED (REGISTERED NUMBER: 06444606)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


A & A METALS (KENT) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr G Hanson
Mr M Hanson
Mr R Hanson
Mrs J Hanson





REGISTERED OFFICE: Unit 2.02, High Weald House
Glovers End
Bexhill,
East Sussex
TN39 5ES





REGISTERED NUMBER: 06444606 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

A & A METALS (KENT) LIMITED (REGISTERED NUMBER: 06444606)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 53,286 51,997
53,286 51,997

CURRENT ASSETS
Stocks 6 14,325 14,083
Debtors 7 44,862 34,334
Cash at bank 41,938 23,251
101,125 71,668
CREDITORS
Amounts falling due within one year 8 73,968 60,471
NET CURRENT ASSETS 27,157 11,197
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,443

63,194

CREDITORS
Amounts falling due after more than one
year

9

(8,509

)

(14,512

)

PROVISIONS FOR LIABILITIES 10 (13,322 ) (9,672 )
NET ASSETS 58,612 39,010

CAPITAL AND RESERVES
Called up share capital 11 175 175
Retained earnings 58,437 38,835
SHAREHOLDERS' FUNDS 58,612 39,010

A & A METALS (KENT) LIMITED (REGISTERED NUMBER: 06444606)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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.

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

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 3 July 2024 and were signed on its behalf by:





Mr G Hanson - Director


A & A METALS (KENT) LIMITED (REGISTERED NUMBER: 06444606)

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


1. STATUTORY INFORMATION

A & A Metals (Kent) Limited 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 received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 statement of financial position date.


A & A METALS (KENT) LIMITED (REGISTERED NUMBER: 06444606)

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


2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 January 2023
and 31 December 2023 113,102
Amortisation
At 1 January 2023
and 31 December 2023 113,102
Net book value
At 31 December 2023 -
At 31 December 2022 -

A & A METALS (KENT) LIMITED (REGISTERED NUMBER: 06444606)

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


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 January 2023 96,733 66,196 19,826 182,755
Additions 473 40,000 - 40,473
Disposals - (38,664 ) - (38,664 )
At 31 December 2023 97,206 67,532 19,826 184,564
Depreciation
At 1 January 2023 69,626 25,954 18,415 113,995
Charge for year 6,882 9,489 912 17,283
At 31 December 2023 76,508 35,443 19,327 131,278
Net book value
At 31 December 2023 20,698 32,089 499 53,286
At 31 December 2022 27,107 40,242 1,411 68,760

6. STOCKS
2023 2022
£    £   
Stocks 14,325 14,083

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 44,862 34,334

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,990 5,990
Taxation and social security 65,885 52,398
Other creditors 2,093 2,083
73,968 60,471

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 8,509 14,512

A & A METALS (KENT) LIMITED (REGISTERED NUMBER: 06444606)

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


10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 13,322 9,672

Deferred
tax
£   
Balance at 1 January 2023 9,672
Provided during year 3,650
Balance at 31 December 2023 13,322

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares £1 100 100
75 Ordinary A, B & C shares £1 75 75
175 175