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REGISTERED NUMBER: 06338219












Unaudited Financial Statements

for the Year Ended 31 August 2024

for

T & C Metal Recycling Limited

T & C Metal Recycling Limited (Registered number: 06338219)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


T & C Metal Recycling Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: T D North
C Smee
Mrs H North
M Smee





REGISTERED OFFICE: Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ





REGISTERED NUMBER: 06338219





ACCOUNTANTS: Johal & Company
Chartered Certified Accountants
& Registered Auditors
Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ

T & C Metal Recycling Limited (Registered number: 06338219)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,000 12,000
Tangible assets 5 12,184 16,245
21,184 28,245

CURRENT ASSETS
Stocks 3,020 2,750
Debtors 6 38,179 41,161
Cash at bank and in hand 57,256 36,322
98,455 80,233
CREDITORS
Amounts falling due within one year 7 65,342 53,473
NET CURRENT ASSETS 33,113 26,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,297

55,005

ACCRUALS AND DEFERRED INCOME 2,500 2,500
NET ASSETS 51,797 52,505

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 51,697 52,405
SHAREHOLDERS' FUNDS 51,797 52,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

T & C Metal Recycling Limited (Registered number: 06338219)

Statement of Financial Position - continued
31 August 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 8 January 2025 and were signed on its behalf by:




T D North - Director C Smee - Director




Mrs H North - Director M Smee - Director


T & C Metal Recycling Limited (Registered number: 06338219)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

T & C Metal Recycling Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 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 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.

T & C Metal Recycling Limited (Registered number: 06338219)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Implications of covid-19 on our operations
Management has considered the consequences of COVID-19 and other events and conditions, and it has determined that they do not create a material uncertainty that casts significant doubt upon the entity's ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 60,000
AMORTISATION
At 1 September 2023 48,000
Amortisation for year 3,000
At 31 August 2024 51,000
NET BOOK VALUE
At 31 August 2024 9,000
At 31 August 2023 12,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023
and 31 August 2024 53,970 13,086 38,372 105,428
DEPRECIATION
At 1 September 2023 45,399 11,716 32,068 89,183
Charge for year 2,143 342 1,576 4,061
At 31 August 2024 47,542 12,058 33,644 93,244
NET BOOK VALUE
At 31 August 2024 6,428 1,028 4,728 12,184
At 31 August 2023 8,571 1,370 6,304 16,245

T & C Metal Recycling Limited (Registered number: 06338219)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors - 2,936
Other debtors 38,179 38,225
38,179 41,161

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 65,342 53,473