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REGISTERED NUMBER: 09960624 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

INGLEMERE METALS (BLACKPOOL) LIMITED

INGLEMERE METALS (BLACKPOOL) LIMITED (REGISTERED NUMBER: 09960624)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INGLEMERE METALS (BLACKPOOL) LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: A B Dixon
I D Swinson





REGISTERED OFFICE: C/O Ashvin Metals Ltd
Kings Court Beacon Road
Poulton Industrial Estate
Poulton-Le-Fylde
Lancashire
FY6 8JE





REGISTERED NUMBER: 09960624 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

INGLEMERE METALS (BLACKPOOL) LIMITED (REGISTERED NUMBER: 09960624)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 11,668 17,500
Tangible assets 5 2,070,773 1,546,563
2,082,441 1,564,063

CURRENT ASSETS
Stocks 6 26,033 54,018
Debtors 7 161,043 221,975
Cash at bank 59,183 40,686
246,259 316,679
CREDITORS
Amounts falling due within one year 8 (636,519 ) (691,259 )
NET CURRENT LIABILITIES (390,260 ) (374,580 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,692,181

1,189,483

CREDITORS
Amounts falling due after more than one
year

9

(317,227

)

(202,460

)

PROVISIONS FOR LIABILITIES (324,435 ) (147,082 )
NET ASSETS 1,050,519 839,941

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,050,419 839,841
1,050,519 839,941

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

INGLEMERE METALS (BLACKPOOL) LIMITED (REGISTERED NUMBER: 09960624)

BALANCE SHEET - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





I D Swinson - Director


INGLEMERE METALS (BLACKPOOL) LIMITED (REGISTERED NUMBER: 09960624)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Inglemere Metals (Blackpool) 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.

Going concern
The directors are satisfied at the time of approving the financial statements that the company has adequate resources to continue to operate for the foreseeable future and as such, continues to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, 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.
Improvements to property - Straight line over 12 years
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
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 Income Statement, 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.


INGLEMERE METALS (BLACKPOOL) LIMITED (REGISTERED NUMBER: 09960624)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

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 11 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 58,328
AMORTISATION
At 1 April 2023 40,828
Amortisation for year 5,832
At 31 March 2024 46,660
NET BOOK VALUE
At 31 March 2024 11,668
At 31 March 2023 17,500

INGLEMERE METALS (BLACKPOOL) LIMITED (REGISTERED NUMBER: 09960624)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 736,000 7,200 907,565
Additions 4,245 - 794,386
Disposals - - (331,350 )
At 31 March 2024 740,245 7,200 1,370,601
DEPRECIATION
At 1 April 2023 - 3,900 302,090
Charge for year - 601 159,405
Eliminated on disposal - - (195,863 )
At 31 March 2024 - 4,501 265,632
NET BOOK VALUE
At 31 March 2024 740,245 2,699 1,104,969
At 31 March 2023 736,000 3,300 605,475

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 22,941 244,860 14,096 1,932,662
Additions - 89,500 4,470 892,601
Disposals - - - (331,350 )
At 31 March 2024 22,941 334,360 18,566 2,493,913
DEPRECIATION
At 1 April 2023 3,512 63,864 12,733 386,099
Charge for year 5,735 65,181 1,982 232,904
Eliminated on disposal - - - (195,863 )
At 31 March 2024 9,247 129,045 14,715 423,140
NET BOOK VALUE
At 31 March 2024 13,694 205,315 3,851 2,070,773
At 31 March 2023 19,429 180,996 1,363 1,546,563

6. STOCKS
2024 2023
£    £   
Stocks 26,033 54,018

INGLEMERE METALS (BLACKPOOL) LIMITED (REGISTERED NUMBER: 09960624)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 151,459 89,927
Tax - 77,709
Prepayments 9,584 54,339
161,043 221,975

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 126,282 64,327
Trade creditors 56,868 37,355
Social security and other taxes 11,069 5,364
VAT 274,265 142,411
Other creditors 85,380 350,000
Accruals and deferred income 82,655 91,802
636,519 691,259

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 317,227 202,460

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £24,500 (2023 - £24,500) were paid to the directors .