0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-03-01 Sage Accounts Production Advanced 2024 - FRS102_2024 243,486 243,486 243,486 xbrli:pure xbrli:shares iso4217:GBP 07969422 2023-03-01 2024-02-29 07969422 2024-02-29 07969422 2023-02-28 07969422 2022-03-01 2023-02-28 07969422 2023-02-28 07969422 2022-02-28 07969422 bus:Director1 2023-03-01 2024-02-29 07969422 core:WithinOneYear 2024-02-29 07969422 core:WithinOneYear 2023-02-28 07969422 core:ShareCapital 2024-02-29 07969422 core:ShareCapital 2023-02-28 07969422 core:RetainedEarningsAccumulatedLosses 2024-02-29 07969422 core:RetainedEarningsAccumulatedLosses 2023-02-28 07969422 core:LandBuildings core:OwnedOrFreeholdAssets 2024-02-29 07969422 core:LandBuildings core:OwnedOrFreeholdAssets 2023-02-28 07969422 bus:SmallEntities 2023-03-01 2024-02-29 07969422 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 07969422 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 07969422 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07969422 bus:FullAccounts 2023-03-01 2024-02-29
COMPANY REGISTRATION NUMBER: 07969422
Long Eaton Metals Limited
Filleted Unaudited Financial Statements
29 February 2024
Long Eaton Metals Limited
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
243,486
243,486
Current assets
Cash at bank and in hand
1
1
Creditors: amounts falling due within one year
5
252,951
252,422
---------
---------
Net current liabilities
252,950
252,421
---------
---------
Total assets less current liabilities
( 9,464)
( 8,935)
-------
-------
Net liabilities
( 9,464)
( 8,935)
-------
-------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 9,465)
( 8,936)
-------
-------
Shareholders deficit
( 9,464)
( 8,935)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 26 November 2024 , and are signed on behalf of the board by:
Mr M Feuz
Director
Company registration number: 07969422
Long Eaton Metals Limited
Notes to the Financial Statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Lyndhurst, 1 Cranmer Street, Long Eaton, Nottingham, NG10 1NJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Tangible assets
Freehold property
£
Cost
At 1 March 2023 and 29 February 2024
243,486
---------
Depreciation
At 1 March 2023 and 29 February 2024
---------
Carrying amount
At 29 February 2024
243,486
---------
At 28 February 2023
243,486
---------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
252,451
251,922
Other creditors
500
500
---------
---------
252,951
252,422
---------
---------
6. Controlling party
On 7th May 2021 the company became a subsidiary of Meadow Lane Holdings Limited when the share capital was transferred to Meadow Lane Holdings Limited. The ultimate parent company is now Meadow Lane Holdings Limited.