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REGISTERED NUMBER: 01483946 (England and Wales)















Financial Statements

for the Year Ended 30 April 2024

for

Rudgwick Metals Limited

Rudgwick Metals Limited (Registered number: 01483946)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Rudgwick Metals Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: J W Bailey





SECRETARY: J E Adams





REGISTERED OFFICE: Windacres Farm
Rudgwick
West Sussex
RH12 3ED





REGISTERED NUMBER: 01483946 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Rudgwick Metals Limited (Registered number: 01483946)

Statement of Financial Position
30 April 2024

30/4/24 30/4/23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 103,425 126,945

CURRENT ASSETS
Inventories 195,918 205,901
Debtors 6 539,888 375,687
Cash at bank and in hand 40,982 145,535
776,788 727,123
CREDITORS
Amounts falling due within one year 7 (279,213 ) (283,895 )
NET CURRENT ASSETS 497,575 443,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

601,000

570,173

CREDITORS
Amounts falling due after more than one
year

8

(13,950

)

(24,111

)

PROVISIONS FOR LIABILITIES (25,855 ) (31,736 )
NET ASSETS 561,195 514,326

CAPITAL AND RESERVES
Called up share capital 120,698 120,698
Retained earnings 440,497 393,628
561,195 514,326

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Rudgwick Metals Limited (Registered number: 01483946)

Statement of Financial Position - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 November 2024 and were signed by:





J W Bailey - Director


Rudgwick Metals Limited (Registered number: 01483946)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Rudgwick Metals 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Revenue 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 - 15% on reducing balance
Fixtures and fittings - 25% on cost and 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Inventories 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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Rudgwick Metals Limited (Registered number: 01483946)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 May 2023
and 30 April 2024 287,457 61,565 106,160 455,182
Depreciation
At 1 May 2023 222,883 43,980 61,374 328,237
Charge for year 9,686 2,636 11,198 23,520
At 30 April 2024 232,569 46,616 72,572 351,757
Net book value
At 30 April 2024 54,888 14,949 33,588 103,425
At 30 April 2023 64,574 17,585 44,786 126,945

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 238,318 187,168
Other debtors 301,570 188,519
539,888 375,687

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 10,162 9,911
Trade creditors 189,323 205,574
Taxation and social security 71,339 40,437
Other creditors 8,389 27,973
279,213 283,895

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Bank loans 13,950 24,111

Rudgwick Metals Limited (Registered number: 01483946)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

30/4/24 30/4/23
£    £   
Bank loans 24,112 34,022

There are fixed and floating charges, dated 1 December 1980 and 9 March 1982, which are held by the bank over all the company's assets.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30/4/24 30/4/23
£    £   
J W Bailey
Balance outstanding at start of year 126,606 124,643
Amounts advanced 125,478 44,444
Amounts repaid (45,650 ) (42,481 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 206,434 126,606

Interest has been charged on the loan at the official HMRC rates.