IRIS Accounts Production v24.2.0.383 09982980 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099829802023-02-28099829802024-02-29099829802023-03-012024-02-29099829802022-02-28099829802022-03-012023-02-28099829802023-02-2809982980ns15:EnglandWales2023-03-012024-02-2909982980ns14:PoundSterling2023-03-012024-02-2909982980ns10:Director12023-03-012024-02-2909982980ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2909982980ns10:SmallEntities2023-03-012024-02-2909982980ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2909982980ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2909982980ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2909982980ns10:FullAccounts2023-03-012024-02-2909982980ns10:Director22023-03-012024-02-2909982980ns10:CompanySecretary12023-03-012024-02-2909982980ns10:RegisteredOffice2023-03-012024-02-2909982980ns5:CurrentFinancialInstruments2024-02-2909982980ns5:CurrentFinancialInstruments2023-02-2809982980ns5:Non-currentFinancialInstruments2024-02-2909982980ns5:Non-currentFinancialInstruments2023-02-2809982980ns5:ShareCapital2024-02-2909982980ns5:ShareCapital2023-02-2809982980ns5:RetainedEarningsAccumulatedLosses2024-02-2909982980ns5:RetainedEarningsAccumulatedLosses2023-02-2809982980ns5:PlantMachinery2023-03-012024-02-2909982980ns5:PlantMachinery2023-02-2809982980ns5:FurnitureFittings2023-02-2809982980ns5:ComputerEquipment2023-02-2809982980ns5:FurnitureFittings2023-03-012024-02-2909982980ns5:ComputerEquipment2023-03-012024-02-2909982980ns5:PlantMachinery2024-02-2909982980ns5:FurnitureFittings2024-02-2909982980ns5:ComputerEquipment2024-02-2909982980ns5:PlantMachinery2023-02-2809982980ns5:FurnitureFittings2023-02-2809982980ns5:ComputerEquipment2023-02-2809982980ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2909982980ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-28
REGISTERED NUMBER: 09982980 (England and Wales)















THE METAL BELT COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

29 FEBRUARY 2024






THE METAL BELT COMPANY LIMITED (REGISTERED NUMBER: 09982980)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE METAL BELT COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: K O'Brien
Mrs A O'Brien





SECRETARY: None Appointed





REGISTERED OFFICE: Dipford House, Queens Square
Huddersfield Road
Honley
Holmfirth
West Yorkshire
HD9 6QZ





REGISTERED NUMBER: 09982980 (England and Wales)





ACCOUNTANTS: STEAD ROBINSON
Dipford House, Queens Square
Huddersfield Road
Honley
Holmfirth
HD9 6QZ

THE METAL BELT COMPANY LIMITED (REGISTERED NUMBER: 09982980)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 59,879 71,873

CURRENT ASSETS
Debtors 5 98,000 39,186
Cash at bank 8,670 93,323
106,670 132,509
CREDITORS
Amounts falling due within one year 6 24,846 24,902
NET CURRENT ASSETS 81,824 107,607
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,703

179,480

CREDITORS
Amounts falling due after more than one year 7 28,371 38,369
NET ASSETS 113,332 141,111

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 113,232 141,011
SHAREHOLDERS' FUNDS 113,332 141,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

THE METAL BELT COMPANY LIMITED (REGISTERED NUMBER: 09982980)

BALANCE SHEET - continued
29 FEBRUARY 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 5 November 2024 and were signed on its behalf by:





Mrs A O'Brien - Director


THE METAL BELT COMPANY LIMITED (REGISTERED NUMBER: 09982980)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

The Metal Belt Company 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.

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 etc - 33% on reducing balance and 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

THE METAL BELT COMPANY LIMITED (REGISTERED NUMBER: 09982980)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 111,626 4,551 10,300 126,477
Additions - 6,333 1,658 7,991
At 29 February 2024 111,626 10,884 11,958 134,468
DEPRECIATION
At 1 March 2023 44,930 2,787 6,887 54,604
Charge for year 16,676 1,618 1,691 19,985
At 29 February 2024 61,606 4,405 8,578 74,589
NET BOOK VALUE
At 29 February 2024 50,020 6,479 3,380 59,879
At 28 February 2023 66,696 1,764 3,413 71,873

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,200 35,029
Other debtors 74,800 4,157
98,000 39,186

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,325 1,891
Taxation and social security 21,589 20,988
Other creditors 1,932 2,023
24,846 24,902

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 28,371 38,369