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Registered number: 06574499
J D Metals Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06574499
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 146,096 161,336
146,096 161,336
CURRENT ASSETS
Stocks 5 16,395 18,735
Debtors 6 3,573 4,823
Cash at bank and in hand 27,675 100
47,643 23,658
Creditors: Amounts Falling Due Within One Year 7 (86,030 ) (73,620 )
NET CURRENT ASSETS (LIABILITIES) (38,387 ) (49,962 )
TOTAL ASSETS LESS CURRENT LIABILITIES 107,709 111,374
Creditors: Amounts Falling Due After More Than One Year 8 (36,226 ) (51,736 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (13,458 ) (13,123 )
NET ASSETS 58,025 46,515
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 57,925 46,415
SHAREHOLDERS' FUNDS 58,025 46,515
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss J Guy
Director
Mr J Hannington
Director
11/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
J D Metals Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06574499 . The registered office is Unit B5, Stafford Park 15, Telford, Shropshire, TF3 3BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Not depreciated
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 25% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 May 2023 92,265 101,526 26,495 2,462 222,748
Disposals - - (8,500 ) - (8,500 )
As at 30 April 2024 92,265 101,526 17,995 2,462 214,248
Depreciation
As at 1 May 2023 - 48,634 10,316 2,462 61,412
Provided during the period - 10,578 2,879 - 13,457
Disposals - - (6,717 ) - (6,717 )
As at 30 April 2024 - 59,212 6,478 2,462 68,152
Net Book Value
As at 30 April 2024 92,265 42,314 11,517 - 146,096
As at 1 May 2023 92,265 52,892 16,179 - 161,336
5. Stocks
2024 2023
£ £
Stock 16,395 18,735
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,500 3,834
Other debtors 1,073 989
3,573 4,823
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,209 3,702
Bank loans and overdrafts 16,840 21,569
Corporation tax 40,034 13,727
Other taxes and social security 24,676 29,951
Other creditors 2,271 4,671
86,030 73,620
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 2,209
Bank loans 36,226 49,527
36,226 51,736
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,209 3,702
Later than one year and not later than five years - 2,209
2,209 5,911
2,209 5,911
10. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances.
2024 2023
£ £
Other timing differences 13,458 13,123
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 97,200 54,000
13. Ultimate Controlling Party
The company's ultimate controlling party is the directors by virtue of their ownership of 100% of the issued share capital in the company.
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