IRIS Accounts Production v24.2.0.383 07662301 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076623012023-04-30076623012024-04-30076623012023-05-012024-04-30076623012022-04-30076623012022-05-012023-04-30076623012023-04-3007662301ns15:EnglandWales2023-05-012024-04-3007662301ns14:PoundSterling2023-05-012024-04-3007662301ns10:Director12023-05-012024-04-3007662301ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3007662301ns10:SmallEntities2023-05-012024-04-3007662301ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3007662301ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3007662301ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3007662301ns10:FullAccounts2023-05-012024-04-3007662301ns10:OrdinaryShareClass12023-05-012024-04-3007662301ns10:Director22023-05-012024-04-3007662301ns10:CompanySecretary12023-05-012024-04-3007662301ns10:RegisteredOffice2023-05-012024-04-3007662301ns5:CurrentFinancialInstruments2024-04-3007662301ns5:CurrentFinancialInstruments2023-04-3007662301ns5:Non-currentFinancialInstruments2024-04-3007662301ns5:Non-currentFinancialInstruments2023-04-3007662301ns5:ShareCapital2024-04-3007662301ns5:ShareCapital2023-04-3007662301ns5:SharePremium2024-04-3007662301ns5:SharePremium2023-04-3007662301ns5:RetainedEarningsAccumulatedLosses2024-04-3007662301ns5:RetainedEarningsAccumulatedLosses2023-04-3007662301ns5:LeaseholdImprovements2023-04-3007662301ns5:PlantMachinery2023-04-3007662301ns5:MotorVehicles2023-04-3007662301ns5:ComputerEquipment2023-04-3007662301ns5:LeaseholdImprovements2023-05-012024-04-3007662301ns5:PlantMachinery2023-05-012024-04-3007662301ns5:MotorVehicles2023-05-012024-04-3007662301ns5:ComputerEquipment2023-05-012024-04-3007662301ns5:LeaseholdImprovements2024-04-3007662301ns5:PlantMachinery2024-04-3007662301ns5:MotorVehicles2024-04-3007662301ns5:ComputerEquipment2024-04-3007662301ns5:LeaseholdImprovements2023-04-3007662301ns5:PlantMachinery2023-04-3007662301ns5:MotorVehicles2023-04-3007662301ns5:ComputerEquipment2023-04-3007662301ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3007662301ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3007662301ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 07662301 (England and Wales)






















John Brocklesby Metal Management Ltd

Unaudited Financial Statements for the Year Ended 30th April 2024






John Brocklesby Metal Management Ltd (Registered number: 07662301)






Contents of the Financial Statements
for the year ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


John Brocklesby Metal Management Ltd

Company Information
for the year ended 30th April 2024







DIRECTORS: S N Robertson
H Holmes





SECRETARY: Mrs S E Robertson





REGISTERED OFFICE: 92 - 96 Lime Street
Hull
East Yorkshire
HU8 7AF





REGISTERED NUMBER: 07662301 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

John Brocklesby Metal Management Ltd (Registered number: 07662301)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 192,000 168,843

CURRENT ASSETS
Stocks 594,910 631,868
Debtors 5 198,129 190,365
Cash at bank and in hand 357,891 239,677
1,150,930 1,061,910
CREDITORS
Amounts falling due within one year 6 403,734 427,412
NET CURRENT ASSETS 747,196 634,498
TOTAL ASSETS LESS CURRENT
LIABILITIES

939,196

803,341

CREDITORS
Amounts falling due after more than one
year

7

(43,661

)

(21,594

)

PROVISIONS FOR LIABILITIES (42,811 ) (36,459 )
NET ASSETS 852,724 745,288

CAPITAL AND RESERVES
Called up share capital 9 612 612
Share premium 619,157 619,157
Retained earnings 232,955 125,519
SHAREHOLDERS' FUNDS 852,724 745,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

John Brocklesby Metal Management Ltd (Registered number: 07662301)

Balance Sheet - continued
30th April 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1st October 2024 and were signed on its behalf by:





S N Robertson - Director


John Brocklesby Metal Management Ltd (Registered number: 07662301)

Notes to the Financial Statements
for the year ended 30th April 2024

1. STATUTORY INFORMATION

John Brocklesby Metal Management 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

The financial statements have been prepared on a going concern basis following representations from the directors, that they will continue to give financial support as required.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Improvements to property- 10 years
Plant and machinery- 3 - 10 years

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

John Brocklesby Metal Management Ltd (Registered number: 07662301)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Debtors & creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st May 2023 43,508 638,719 107,500 9,773 799,500
Additions 17,336 7,000 61,500 488 86,324
At 30th April 2024 60,844 645,719 169,000 10,261 885,824
DEPRECIATION
At 1st May 2023 30,269 504,564 88,042 7,782 630,657
Charge for year 4,096 36,349 21,718 1,004 63,167
At 30th April 2024 34,365 540,913 109,760 8,786 693,824
NET BOOK VALUE
At 30th April 2024 26,479 104,806 59,240 1,475 192,000
At 30th April 2023 13,239 134,155 19,458 1,991 168,843

John Brocklesby Metal Management Ltd (Registered number: 07662301)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 43,569 43,214
Amounts owed by group undertakings 111,225 106,725
Other debtors 43,335 40,426
198,129 190,365

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,225 9,973
Hire purchase contracts 12,500 9,859
Trade creditors 92,762 128,634
Taxation and social security 119,707 110,886
Other creditors 168,540 168,060
403,734 427,412

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,369 21,594
Hire purchase contracts 32,292 -
43,661 21,594

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 44,792 9,859

The hire purchase contracts are secured over the assets concerned.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
612 Ordinary Shares £1 612 612

10. OTHER FINANCIAL COMMITMENTS

The company makes contributions to certain employees' personal defined contribution pension schemes. The amount outstanding at the year end is £1,611 (2023: £1,271).

Total commitments under non-cancellable operating leases not provided for in the accounts amount to £4,000 (2023: £10,000).

John Brocklesby Metal Management Ltd (Registered number: 07662301)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

11. RELATED PARTY DISCLOSURES

Included in other creditors are amounts due to the directors of £67,011 (2023: £83,000).

12. CONTROL RELATIONSHIP

The controlling party is John Brocklesby Holdings Limited.

The ultimate controlling party is S N Robertson.