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REGISTERED NUMBER: 02591355 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2022 TO 28 FEBRUARY 2024

FOR

BALBY METALLURGICAL LIMITED

BALBY METALLURGICAL LIMITED (REGISTERED NUMBER: 02591355)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 28 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BALBY METALLURGICAL LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 SEPTEMBER 2022 TO 28 FEBRUARY 2024







DIRECTORS: D P Windle
P A Rogers





SECRETARY: D P Rogers





REGISTERED OFFICE: CT Stores
Garter Street
Sheffield
S4 7QX





REGISTERED NUMBER: 02591355 (England and Wales)





ACCOUNTANTS: Marriott Gibbs Rees Wallis Limited
Chartered Certified Accountants
First Floor
Unit 4, Broadfield Court
Sheffield
South Yorkshire
S8 0XF

BALBY METALLURGICAL LIMITED (REGISTERED NUMBER: 02591355)

BALANCE SHEET
28 FEBRUARY 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 526,660 588,039
Investments 5 4 4
526,664 588,043

CURRENT ASSETS
Stocks 1,602,850 2,501,089
Debtors 6 1,805,442 1,286,817
Cash at bank and in hand 513,185 700,772
3,921,477 4,488,678
CREDITORS
Amounts falling due within one year 7 2,468,037 3,443,554
NET CURRENT ASSETS 1,453,440 1,045,124
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,980,104

1,633,167

CREDITORS
Amounts falling due after more than one
year

8

-

(25,635

)

PROVISIONS FOR LIABILITIES (78,292 ) (44,734 )
NET ASSETS 1,901,812 1,562,798

CAPITAL AND RESERVES
Called up share capital 12,082 12,082
Capital redemption reserve 7,918 7,918
Retained earnings 1,881,812 1,542,798
1,901,812 1,562,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 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.

BALBY METALLURGICAL LIMITED (REGISTERED NUMBER: 02591355)

BALANCE SHEET - continued
28 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





D P Windle - Director


BALBY METALLURGICAL LIMITED (REGISTERED NUMBER: 02591355)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 28 FEBRUARY 2024

1. STATUTORY INFORMATION

Balby Metallurgical 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Exemption from preparing group accounts
The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold land and buildings - 2% on cost
Plant and machinery - 33% on cost and 15% on cost
Motor vehicles - 20% on cost

Investments in subsidiaries
Fixed asset investments are stated at historical cost less provision for any diminution in value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


BALBY METALLURGICAL LIMITED (REGISTERED NUMBER: 02591355)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 28 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 16 (2022 - 18 ) .

BALBY METALLURGICAL LIMITED (REGISTERED NUMBER: 02591355)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 28 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Freehold
land and Plant and Motor
buildings machinery vehicles Totals
£    £    £    £   
COST
At 1 September 2022 481,856 518,117 124,109 1,124,082
Additions - 25,675 - 25,675
Disposals - - (4,500 ) (4,500 )
At 28 February 2024 481,856 543,792 119,609 1,145,257
DEPRECIATION
At 1 September 2022 75,239 392,313 68,491 536,043
Charge for period 10,912 50,184 25,958 87,054
Eliminated on disposal - - (4,500 ) (4,500 )
At 28 February 2024 86,151 442,497 89,949 618,597
NET BOOK VALUE
At 28 February 2024 395,705 101,295 29,660 526,660
At 31 August 2022 406,617 125,804 55,618 588,039

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2022
and 28 February 2024 59,000 34,164 93,164
DEPRECIATION
At 1 September 2022 7,375 3,417 10,792
Charge for period 13,275 10,249 23,524
At 28 February 2024 20,650 13,666 34,316
NET BOOK VALUE
At 28 February 2024 38,350 20,498 58,848
At 31 August 2022 51,625 30,747 82,372

BALBY METALLURGICAL LIMITED (REGISTERED NUMBER: 02591355)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 28 FEBRUARY 2024

5. FIXED ASSET INVESTMENTS
Share in
group
undertaking
£   
COST
At 1 September 2022
and 28 February 2024 4
NET BOOK VALUE
At 28 February 2024 4
At 31 August 2022 4

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 1,613,716 962,481
Other debtors 191,726 324,336
1,805,442 1,286,817

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts 10,435 34,922
Hire purchase contracts (see note 9) 11,281 28,707
Trade creditors 960,369 1,876,553
Corporation tax 276,339 171,458
Social security and other taxes 9,334 10,966
Other creditors 368,539 96,914
Directors' current accounts 616,934 615,447
Accrued expenses 214,806 608,587
2,468,037 3,443,554

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2022
£    £   
Hire purchase contracts (see note 9) - 25,635

BALBY METALLURGICAL LIMITED (REGISTERED NUMBER: 02591355)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 28 FEBRUARY 2024

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2022
£    £   
Net obligations repayable:
Within one year 11,281 28,707
Between one and five years - 25,635
11,281 54,342

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2022
£    £   
Hire purchase contracts 11,281 54,342