IRIS Accounts Production v24.1.0.578 08491761 Board of Directors 1.5.23 30.4.24 30.4.24 0 false true false false true false Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084917612023-04-30084917612024-04-30084917612023-05-012024-04-30084917612022-04-30084917612022-05-012023-04-30084917612023-04-3008491761ns15:EnglandWales2023-05-012024-04-3008491761ns14:PoundSterling2023-05-012024-04-3008491761ns10:Director12023-05-012024-04-3008491761ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3008491761ns10:SmallEntities2023-05-012024-04-3008491761ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3008491761ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3008491761ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3008491761ns10:FullAccounts2023-05-012024-04-3008491761ns10:OrdinaryShareClass12023-05-012024-04-3008491761ns10:Director22023-05-012024-04-3008491761ns10:RegisteredOffice2023-05-012024-04-3008491761ns5:CurrentFinancialInstruments2024-04-3008491761ns5:CurrentFinancialInstruments2023-04-3008491761ns5:Non-currentFinancialInstruments2024-04-3008491761ns5:Non-currentFinancialInstruments2023-04-3008491761ns5:ShareCapital2024-04-3008491761ns5:ShareCapital2023-04-3008491761ns5:RetainedEarningsAccumulatedLosses2024-04-3008491761ns5:RetainedEarningsAccumulatedLosses2023-04-3008491761ns5:PlantMachinery2023-05-012024-04-3008491761ns5:MotorVehicles2023-05-012024-04-3008491761ns5:ComputerEquipment2023-05-012024-04-3008491761ns5:LandBuildings2023-04-3008491761ns5:PlantMachinery2023-04-3008491761ns5:FurnitureFittings2023-04-3008491761ns5:LandBuildings2024-04-3008491761ns5:PlantMachinery2024-04-3008491761ns5:FurnitureFittings2024-04-3008491761ns5:LandBuildings2023-04-3008491761ns5:PlantMachinery2023-04-3008491761ns5:FurnitureFittings2023-04-3008491761ns5:MotorVehicles2023-04-3008491761ns5:ComputerEquipment2023-04-3008491761ns5:MotorVehicles2024-04-3008491761ns5:ComputerEquipment2024-04-3008491761ns5:MotorVehicles2023-04-3008491761ns5:ComputerEquipment2023-04-3008491761ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-3008491761ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-04-3008491761ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-3008491761ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3008491761ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3008491761ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-04-3008491761ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-04-3008491761ns5:DeferredTaxation2023-04-3008491761ns5:DeferredTaxation2024-04-3008491761ns10:OrdinaryShareClass12024-04-3008491761ns5:RetainedEarningsAccumulatedLosses2023-04-3008491761ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-30
REGISTERED NUMBER: 08491761 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 April 2024

for

J & S Metals Ltd

J & S Metals Ltd (Registered number: 08491761)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J & S Metals Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J Riley
Mrs S L Riley





REGISTERED OFFICE: Selbys Yard
Sandtoft industrial Estate
Belton
DONCASTER
South Yorkshire
DN9 1PN





REGISTERED NUMBER: 08491761 (England and Wales)





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL

J & S Metals Ltd (Registered number: 08491761)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 941,487 941,487

CURRENT ASSETS
Inventories 5 3,579,241 3,579,241
Debtors 6 375,000 375,000
Cash at bank and in hand 84,842 84,842
4,039,083 4,039,083
CREDITORS
Amounts falling due within one year 7 1,686,476 1,618,404
NET CURRENT ASSETS 2,352,607 2,420,679
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,294,094

3,362,166

CREDITORS
Amounts falling due after more than one
year

8

(54,402

)

(54,402

)

PROVISIONS FOR LIABILITIES 10 (178,546 ) (178,546 )
NET ASSETS 3,061,146 3,129,218

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 12 3,061,144 3,129,216
SHAREHOLDERS' FUNDS 3,061,146 3,129,218

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 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.

J & S Metals Ltd (Registered number: 08491761)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





J Riley - Director


J & S Metals Ltd (Registered number: 08491761)

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

1. STATUTORY INFORMATION

J & S Metals 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Closing stock
1. Trading Stock (Building Land and development )

The Company purchased Gleadalls Mill, The maltings, Station Road, Kirton Lindsey on 12th December 2014. The stock figure £86,665 represents the actual purchase price plus costs. The purchase being for subsequent re-sale and classed as Trading stock building land in the Accounts.(2022: £86,655)

The Company developed land at Belton Road, Sandtoft £193,584 (2022:£193,584). The costs are carried forward in trading stock against future sale proceeds.


2. Closing Stock (Scrap)

The Director estimates stock to be £2,450,000 valued at cost or net realizable value, which ever is the lower.

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.


J & S Metals Ltd (Registered number: 08491761)

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

2. ACCOUNTING POLICIES - continued
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.

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 NIL (2023 - 14 ).

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023
and 30 April 2024 50,000 1,418,487 16,162
DEPRECIATION
At 1 May 2023
and 30 April 2024 - 736,798 7,698
NET BOOK VALUE
At 30 April 2024 50,000 681,689 8,464
At 30 April 2023 50,000 681,689 8,464

J & S Metals Ltd (Registered number: 08491761)

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

4. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 333,293 10,055 1,827,997
DEPRECIATION
At 1 May 2023
and 30 April 2024 132,339 9,675 886,510
NET BOOK VALUE
At 30 April 2024 200,954 380 941,487
At 30 April 2023 200,954 380 941,487

Included in cost of land and buildings is freehold land of £ 50,000 (2023 - £ 50,000 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 May 2023
and 30 April 2024 589,850
DEPRECIATION
At 1 May 2023
and 30 April 2024 296,829
NET BOOK VALUE
At 30 April 2024 293,021
At 30 April 2023 293,021

5. INVENTORIES
2024 2023
£    £   
Stocks 2,450,000 2,450,000
Stock Lane 1,129,241 1,129,241
3,579,241 3,579,241

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 375,000 375,000

J & S Metals Ltd (Registered number: 08491761)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 78,073 10,000
Hire purchase contracts 137,312 137,312
Trade creditors 396,050 396,050
Tax 288,824 288,824
Social security and other taxes 27,174 27,174
VAT 212,195 212,195
Other creditors 311,991 311,991
Directors' current accounts 226,708 226,708
Accrued expenses 8,149 8,150
1,686,476 1,618,404

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 22,608 22,608
Hire purchase contracts 31,794 31,794
54,402 54,402

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 68,073 -
Bank loans 10,000 10,000
78,073 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 22,608 22,608

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 178,546 178,546

J & S Metals Ltd (Registered number: 08491761)

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

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 178,546
Movement in year
Balance at 30 April 2024 178,546

** BALANCE ABOVE AT END OF YEAR RE DEFERRED TAX ON CLIENT SCREEN OF -
DOES NOT AGREE TO CURRENT YEAR TOTAL OF ACCOUNTS PER TB 178,546

PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - BALANCE SHEET ITEMS - PROVISIONS FOR LIABILITIES - MOVEMENT IN PROVISIONS ETC

Please note: a deferred tax asset should be entered as a negative balance (i.e. include a "-" sign)


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary A £1 2 2

12. RESERVES
Retained
earnings
£   

At 1 May 2023 3,129,216
Deficit for the year (68,072 )
At 30 April 2024 3,061,144

13. RELATED PARTY DISCLOSURES

The Company loaned Peak District Leisure Ltd, Reg office, Lonsdale House, High Street, Lutterworth, Leistershire, LE17 4AD, £375,000.00 on an interest free basis (2022: £375,000). The amount is disclosed in Other Debtors.

The Director Mr John Riley is also a Director and 50 per cent shareholder in Peak District Leisure Ltd.

Rileys Properties Ltd loaned J & S Metals Ltd £299,146 on an interest free basis. The amount is disclosed in Other Creditors (2022:£250,280)

The Director J Riley is also Director and Shareholder of Riley's Properties Ltd.

14. ULTIMATE CONTROLLING PARTY

The controlling party is J Riley.

The ultimate controlling party is Mrs S L Riley.