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REGISTERED NUMBER: 09430380 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Metropolitan Demolition Ltd

Metropolitan Demolition Ltd (Registered number: 09430380)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Metropolitan Demolition Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: M Hirst
G Jackson





REGISTERED OFFICE: Stone Yard
Green Lane
Horbury
Wakefield
West Yorkshire
WF4 5DY





REGISTERED NUMBER: 09430380 (England and Wales)





ACCOUNTANTS: KJA Kilner Johnson Ltd
Network House
Stubs Beck Lane
Cleckheaton
BD19 4TT

Metropolitan Demolition Ltd (Registered number: 09430380)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,336,291 1,263,243

CURRENT ASSETS
Stocks 95,200 105,715
Debtors 5 1,097,481 1,332,126
Cash at bank and in hand 555,244 126,356
1,747,925 1,564,197
CREDITORS
Amounts falling due within one year 6 1,281,277 1,305,671
NET CURRENT ASSETS 466,648 258,526
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,802,939

1,521,769

CREDITORS
Amounts falling due after more than one
year

7

(490,061

)

(379,710

)

PROVISIONS FOR LIABILITIES (323,586 ) (243,220 )
NET ASSETS 989,292 898,839

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 989,291 898,838
989,292 898,839

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.

Metropolitan Demolition Ltd (Registered number: 09430380)

Balance Sheet - 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 2 January 2025 and were signed on its behalf by:





M Hirst - Director


Metropolitan Demolition Ltd (Registered number: 09430380)

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

1. STATUTORY INFORMATION

Metropolitan Demolition Ltd 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.

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.
Plant and machinery etc - 25% 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 balance sheet date.

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 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.

Metropolitan Demolition Ltd (Registered number: 09430380)

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

2. ACCOUNTING POLICIES - continued

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 year was 17 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 September 2023 30,377 1,524,190 24,884 420,707 2,000,158
Additions - 360,000 6,608 - 366,608
Disposals - (144,000 ) - (352,140 ) (496,140 )
At 31 August 2024 30,377 1,740,190 31,492 68,567 1,870,626
DEPRECIATION
At 1 September 2023 - 491,024 10,848 235,043 736,915
Charge for year - 42,500 4,215 34,570 81,285
Eliminated on disposal - (44,250 ) - (239,615 ) (283,865 )
At 31 August 2024 - 489,274 15,063 29,998 534,335
NET BOOK VALUE
At 31 August 2024 30,377 1,250,916 16,429 38,569 1,336,291
At 31 August 2023 30,377 1,033,166 14,036 185,664 1,263,243

Metropolitan Demolition Ltd (Registered number: 09430380)

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

4. TANGIBLE FIXED ASSETS - continued

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 2023 1,514,250 420,707 1,934,957
Additions 360,000 - 360,000
Disposals (144,000 ) (352,140 ) (496,140 )
At 31 August 2024 1,730,250 68,567 1,798,817
DEPRECIATION
At 1 September 2023 488,831 235,043 723,874
Charge for year 40,563 34,570 75,133
Eliminated on disposal (44,250 ) (239,615 ) (283,865 )
At 31 August 2024 485,144 29,998 515,142
NET BOOK VALUE
At 31 August 2024 1,245,106 38,569 1,283,675
At 31 August 2023 1,025,419 185,664 1,211,083

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 561,700 808,048
Amounts owed by group undertakings 481,888 447,997
Other debtors 53,893 76,081
1,097,481 1,332,126

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 333,811 335,840
Trade creditors 594,507 934,091
Taxation and social security 180,458 27,296
Other creditors 172,501 8,444
1,281,277 1,305,671

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 490,061 379,710

Metropolitan Demolition Ltd (Registered number: 09430380)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 823,872 715,550