2023-02-012024-01-312024-01-31false08343995MAINLY METAL LTD2024-10-2947910iso4217:GBPxbrli:pure083439952023-02-01083439952024-01-31083439952023-02-012024-01-31083439952022-02-01083439952023-01-31083439952022-02-012023-01-3108343995bus:SmallEntities2023-02-012024-01-3108343995bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3108343995bus:FullAccounts2023-02-012024-01-3108343995bus:PrivateLimitedCompanyLtd2023-02-012024-01-3108343995core:WithinOneYear2024-01-3108343995core:AfterOneYear2024-01-3108343995core:WithinOneYear2023-01-3108343995core:AfterOneYear2023-01-3108343995core:ShareCapital2024-01-3108343995core:SharePremium2024-01-3108343995core:RevaluationReserve2024-01-3108343995core:OtherReservesSubtotal2024-01-3108343995core:RetainedEarningsAccumulatedLosses2024-01-3108343995core:ShareCapital2023-01-3108343995core:SharePremium2023-01-3108343995core:RevaluationReserve2023-01-3108343995core:OtherReservesSubtotal2023-01-3108343995core:RetainedEarningsAccumulatedLosses2023-01-3108343995core:LandBuildings2024-01-3108343995core:PlantMachinery2024-01-3108343995core:Vehicles2024-01-3108343995core:FurnitureFittings2024-01-3108343995core:OfficeEquipment2024-01-3108343995core:NetGoodwill2024-01-3108343995core:IntangibleAssetsOtherThanGoodwill2024-01-3108343995core:ListedExchangeTraded2024-01-3108343995core:UnlistedNon-exchangeTraded2024-01-3108343995core:LandBuildings2023-01-3108343995core:PlantMachinery2023-01-3108343995core:Vehicles2023-01-3108343995core:FurnitureFittings2023-01-3108343995core:OfficeEquipment2023-01-3108343995core:NetGoodwill2023-01-3108343995core:IntangibleAssetsOtherThanGoodwill2023-01-3108343995core:ListedExchangeTraded2023-01-3108343995core:UnlistedNon-exchangeTraded2023-01-3108343995core:LandBuildings2023-02-012024-01-3108343995core:PlantMachinery2023-02-012024-01-3108343995core:Vehicles2023-02-012024-01-3108343995core:FurnitureFittings2023-02-012024-01-3108343995core:OfficeEquipment2023-02-012024-01-3108343995core:NetGoodwill2023-02-012024-01-3108343995core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3108343995core:ListedExchangeTraded2023-02-012024-01-3108343995core:UnlistedNon-exchangeTraded2023-02-012024-01-3108343995core:MoreThanFiveYears2023-02-012024-01-3108343995core:Non-currentFinancialInstruments2024-01-3108343995core:Non-currentFinancialInstruments2023-01-3108343995dpl:CostSales2023-02-012024-01-3108343995dpl:DistributionCosts2023-02-012024-01-3108343995core:LandBuildings2023-02-012024-01-3108343995core:PlantMachinery2023-02-012024-01-3108343995core:Vehicles2023-02-012024-01-3108343995core:FurnitureFittings2023-02-012024-01-3108343995core:OfficeEquipment2023-02-012024-01-3108343995dpl:AdministrativeExpenses2023-02-012024-01-3108343995core:NetGoodwill2023-02-012024-01-3108343995core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3108343995dpl:GroupUndertakings2023-02-012024-01-3108343995dpl:ParticipatingInterests2023-02-012024-01-3108343995dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3108343995core:ListedExchangeTraded2023-02-012024-01-3108343995dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3108343995core:UnlistedNon-exchangeTraded2023-02-012024-01-3108343995dpl:CostSales2022-02-012023-01-3108343995dpl:DistributionCosts2022-02-012023-01-3108343995core:LandBuildings2022-02-012023-01-3108343995core:PlantMachinery2022-02-012023-01-3108343995core:Vehicles2022-02-012023-01-3108343995core:FurnitureFittings2022-02-012023-01-3108343995core:OfficeEquipment2022-02-012023-01-3108343995dpl:AdministrativeExpenses2022-02-012023-01-3108343995core:NetGoodwill2022-02-012023-01-3108343995core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3108343995dpl:GroupUndertakings2022-02-012023-01-3108343995dpl:ParticipatingInterests2022-02-012023-01-3108343995dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3108343995core:ListedExchangeTraded2022-02-012023-01-3108343995dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3108343995core:UnlistedNon-exchangeTraded2022-02-012023-01-3108343995core:NetGoodwill2024-01-3108343995core:IntangibleAssetsOtherThanGoodwill2024-01-3108343995core:LandBuildings2024-01-3108343995core:PlantMachinery2024-01-3108343995core:Vehicles2024-01-3108343995core:FurnitureFittings2024-01-3108343995core:OfficeEquipment2024-01-3108343995core:AfterOneYear2024-01-3108343995core:WithinOneYear2024-01-3108343995core:ListedExchangeTraded2024-01-3108343995core:UnlistedNon-exchangeTraded2024-01-3108343995core:ShareCapital2024-01-3108343995core:SharePremium2024-01-3108343995core:RevaluationReserve2024-01-3108343995core:OtherReservesSubtotal2024-01-3108343995core:RetainedEarningsAccumulatedLosses2024-01-3108343995core:NetGoodwill2023-01-3108343995core:IntangibleAssetsOtherThanGoodwill2023-01-3108343995core:LandBuildings2023-01-3108343995core:PlantMachinery2023-01-3108343995core:Vehicles2023-01-3108343995core:FurnitureFittings2023-01-3108343995core:OfficeEquipment2023-01-3108343995core:AfterOneYear2023-01-3108343995core:WithinOneYear2023-01-3108343995core:ListedExc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MAINLY METAL LTD

Registered Number
08343995
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

MAINLY METAL LTD
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

WAYGOOD-WEST, Kevin

Registered Address

33 Constable Drive Constable Drive
Barton Seagrave
Kettering
NN15 5UA

Registered Number

08343995 (England and Wales)
MAINLY METAL LTD
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets340,14410,294
40,14410,294
Current assets
Stocks44,1424,696
Debtors55,87813,392
Cash at bank and on hand12,19726,439
22,21744,527
Creditors amounts falling due within one year6(16,539)(22,562)
Net current assets (liabilities)5,67821,965
Total assets less current liabilities45,82232,259
Creditors amounts falling due after one year7(14,656)-
Net assets31,16632,259
Capital and reserves
Called up share capital11
Profit and loss account31,16532,258
Shareholders' funds31,16632,259
The financial statements were approved and authorised for issue by the Director on 29 October 2024, and are signed on its behalf by:
WAYGOOD-WEST, Kevin
Director
Registered Company No. 08343995
MAINLY METAL LTD
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery15
Fixtures and fittings15
Office Equipment15
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year21
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 February 2324,8066,55231,358
Additions31,395-31,395
At 31 January 2456,2016,55262,753
Depreciation and impairment
At 01 February 2315,8625,20221,064
Charge for year1,3422031,545
At 31 January 2417,2045,40522,609
Net book value
At 31 January 2438,9971,14740,144
At 31 January 238,9441,35010,294
4.Stocks

2024

2023

££
Finished goods4,1424,696
Total4,1424,696
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables5,8787,358
Other debtors-6,034
Total5,87813,392
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables3,6831,101
Taxation and social security3,88520,946
Other creditors7,941-
Accrued liabilities and deferred income1,030515
Total16,53922,562
Included within other creditors is a balance amounting to £7,941 (2023: other debtor of £5,371) which is due to/(from) the Director.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts14,656-
Total14,656-