Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Mr A J Topp 14/09/2010 Mrs J A Topp 14/09/2010 19 January 2025 The principal activity of the company during the year was the finishing of metal products. 07374764 2024-09-30 07374764 bus:Director1 2024-09-30 07374764 bus:Director2 2024-09-30 07374764 2023-09-30 07374764 core:CurrentFinancialInstruments 2024-09-30 07374764 core:CurrentFinancialInstruments 2023-09-30 07374764 core:Non-currentFinancialInstruments 2024-09-30 07374764 core:Non-currentFinancialInstruments 2023-09-30 07374764 core:ShareCapital 2024-09-30 07374764 core:ShareCapital 2023-09-30 07374764 core:RetainedEarningsAccumulatedLosses 2024-09-30 07374764 core:RetainedEarningsAccumulatedLosses 2023-09-30 07374764 core:PlantMachinery 2023-09-30 07374764 core:Vehicles 2023-09-30 07374764 core:FurnitureFittings 2023-09-30 07374764 core:OfficeEquipment 2023-09-30 07374764 core:PlantMachinery 2024-09-30 07374764 core:Vehicles 2024-09-30 07374764 core:FurnitureFittings 2024-09-30 07374764 core:OfficeEquipment 2024-09-30 07374764 core:WithinOneYear 2024-09-30 07374764 core:WithinOneYear 2023-09-30 07374764 core:BetweenOneFiveYears 2024-09-30 07374764 core:BetweenOneFiveYears 2023-09-30 07374764 2023-10-01 2024-09-30 07374764 bus:FilletedAccounts 2023-10-01 2024-09-30 07374764 bus:SmallEntities 2023-10-01 2024-09-30 07374764 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 07374764 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07374764 bus:Director1 2023-10-01 2024-09-30 07374764 bus:Director2 2023-10-01 2024-09-30 07374764 core:PlantMachinery 2023-10-01 2024-09-30 07374764 core:Vehicles 2023-10-01 2024-09-30 07374764 core:FurnitureFittings 2023-10-01 2024-09-30 07374764 core:OfficeEquipment 2023-10-01 2024-09-30 07374764 2022-10-01 2023-09-30 07374764 core:Non-currentFinancialInstruments 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Company No: 07374764 (England and Wales)

ETR METAL FINISHING LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

ETR METAL FINISHING LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

ETR METAL FINISHING LIMITED

BALANCE SHEET

As at 30 September 2024
ETR METAL FINISHING LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 20,689 15,219
20,689 15,219
Current assets
Stocks 4 3,769 3,780
Debtors 5 72,729 89,318
Cash at bank and in hand 102,104 158,943
178,602 252,041
Creditors: amounts falling due within one year 6 ( 22,390) ( 61,943)
Net current assets 156,212 190,098
Total assets less current liabilities 176,901 205,317
Creditors: amounts falling due after more than one year 7 ( 44,624) ( 43,515)
Provision for liabilities ( 3,931) ( 3,066)
Net assets 128,346 158,736
Capital and reserves
Called-up share capital 2 2
Profit and loss account 128,344 158,734
Total shareholders' funds 128,346 158,736

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of ETR Metal Finishing Limited (registered number: 07374764) were approved and authorised for issue by the Board of Directors on 19 January 2025. They were signed on its behalf by:

Mr A J Topp
Director
Mrs J A Topp
Director
ETR METAL FINISHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
ETR METAL FINISHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

ETR Metal Finishing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 11 Cambridge Road Cambridge Road, Granby Industrial Estate, Weymouth, DT4 9TJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the cost of materials held for the normal course of business. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving, or defective items where appropriate.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 9 9

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 October 2023 73,300 12,093 370 6,429 92,192
Additions 0 9,750 0 426 10,176
At 30 September 2024 73,300 21,843 370 6,855 102,368
Accumulated depreciation
At 01 October 2023 60,349 11,512 324 4,788 76,973
Charge for the financial year 3,238 958 12 498 4,706
At 30 September 2024 63,587 12,470 336 5,286 81,679
Net book value
At 30 September 2024 9,713 9,373 34 1,569 20,689
At 30 September 2023 12,951 581 46 1,641 15,219

4. Stocks

2024 2023
£ £
Stocks 3,769 3,780

5. Debtors

2024 2023
£ £
Trade debtors 65,522 77,152
Other debtors 7,207 12,166
72,729 89,318

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 5,578 5,484
Taxation and social security 11,961 50,361
Other creditors 4,851 6,098
22,390 61,943

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 44,624 43,515

There are no amounts included above in respect of which any security has been given by the small entity.

8. Financial commitments

Commitments

Capital commitments are as follows:

2024 2023
£ £
Contracted for but not provided for:
Finance leases entered into 10,158 12,092

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 1,934 1,934
between one and five years 8,224 10,158
10,158 12,092

9. Related party transactions

Transactions with the entity's directors

During the year, the director maintained an interest-free loan with the company that is repayable on demand. At the balance sheet date, the amount due from the company was £44,624 (2023 - £43,515).