Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false2023-05-01falseWholesale of metals and metal ores22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13335919 2023-05-01 2024-04-30 13335919 2022-05-01 2023-04-30 13335919 2024-04-30 13335919 2023-04-30 13335919 c:Director1 2023-05-01 2024-04-30 13335919 d:MotorVehicles 2023-05-01 2024-04-30 13335919 d:MotorVehicles 2024-04-30 13335919 d:MotorVehicles 2023-04-30 13335919 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 13335919 d:CurrentFinancialInstruments 2024-04-30 13335919 d:CurrentFinancialInstruments 2023-04-30 13335919 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 13335919 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 13335919 d:ShareCapital 2024-04-30 13335919 d:ShareCapital 2023-04-30 13335919 d:RetainedEarningsAccumulatedLosses 2024-04-30 13335919 d:RetainedEarningsAccumulatedLosses 2023-04-30 13335919 c:FRS102 2023-05-01 2024-04-30 13335919 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 13335919 c:FullAccounts 2023-05-01 2024-04-30 13335919 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13335919 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 13335919









EDGWARE SCRAP METALS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
EDGWARE SCRAP METALS LTD
 
 
  
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF EDGWARE SCRAP METALS LTD
FOR THE YEAR ENDED 30 APRIL 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Edgware Scrap Metals Ltd for the year ended 30 April 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the director of Edgware Scrap Metals Ltd in accordance with the terms of our engagement letter dated 27 January 2025Our work has been undertaken solely to prepare for your approval the financial statements of Edgware Scrap Metals Ltd and state those matters that we have agreed to state to the director of Edgware Scrap Metals Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Edgware Scrap Metals Ltd and its director for our work or for this report. 

It is your duty to ensure that Edgware Scrap Metals Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Edgware Scrap Metals Ltd. You consider that Edgware Scrap Metals Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Edgware Scrap Metals Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Fraser Russell Limited
 
77 Francis Road
Edgbaston
Birmingham
B16 8SP
27 January 2025
Page 1

 
EDGWARE SCRAP METALS LTD
REGISTERED NUMBER: 13335919

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,250
6,000

  
5,250
6,000

Current assets
  

Debtors: amounts falling due within one year
 5 
155,245
61,031

  
155,245
61,031

Creditors: amounts falling due within one year
 6 
(212,194)
(63,984)

Net current liabilities
  
 
 
(56,949)
 
 
(2,953)

Total assets less current liabilities
  
(51,699)
3,047

  

Net (liabilities)/assets
  
(51,699)
3,047


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(51,799)
2,947

  
(51,699)
3,047


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 January 2025.




Robert Peter Freeman
Page 2

 
EDGWARE SCRAP METALS LTD
REGISTERED NUMBER: 13335919
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
EDGWARE SCRAP METALS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Edgware Scrap Metals Limited is a company limited by shares incorporated in England within the United Kingdom, having a registration number of 13335919. The address of the registered office is 77 Francis Road, Birmingham, England, B16 8SP. The principal activity of the company in the year under review was that of wholesale of metals and metal ores.
The financial statements are presented in sterling which is functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements has been prepared on a going concern basis which assumes that the company will continue to receive support from creditors and the director as and when required.

Page 4

 
EDGWARE SCRAP METALS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
EDGWARE SCRAP METALS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
10%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Employees incl. directors
2
2

Page 6

 
EDGWARE SCRAP METALS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 May 2023
7,500



At 30 April 2024

7,500



Depreciation


At 1 May 2023
1,500


Charge for the year on owned assets
750



At 30 April 2024

2,250



Net book value



At 30 April 2024
5,250



At 30 April 2023
6,000


5.


Debtors

2024
2023
£
£


Other debtors
116,702
45,631

Tax recoverable
38,543
15,400

155,245
61,031


Page 7

 
EDGWARE SCRAP METALS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
1,581
1,339

Trade creditors
4,631
4,649

Corporation tax
38,543
15,400

Other taxation and social security
154,819
42,596

Other creditors
12,620
-

212,194
63,984



7.


Controlling party

During the period, the company was under the control of its sole director and shareholder, Robert Peter Freeman.

 
Page 8