REGISTERED NUMBER: |
A.J.PLEDGER AND CO. (METALS) LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
REGISTERED NUMBER: |
A.J.PLEDGER AND CO. (METALS) LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
A.J.PLEDGER AND CO. (METALS) LIMITED (REGISTERED NUMBER: 00963493) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 | to | 4 |
A.J.PLEDGER AND CO. (METALS) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
A.J.PLEDGER AND CO. (METALS) LIMITED (REGISTERED NUMBER: 00963493) |
STATEMENT OF FINANCIAL POSITION |
31 DECEMBER 2024 |
31.12.24 | 31.12.23 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 5 |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
The financial statements were approved and authorised for issue by the director and authorised for issue on |
A.J.PLEDGER AND CO. (METALS) LIMITED (REGISTERED NUMBER: 00963493) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
1. | STATUTORY INFORMATION |
A.J.Pledger and Co. (Metals) Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Financial instruments |
The company has chosen to adopt the FRS 102A in respect of financial instruments. |
Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement. |
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.12.23 |
£ | £ |
Amounts due from holding company | 42,929 | 42,929 |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.24 | 31.12.23 |
value: | £ | £ |
Ordinary | £0.01 | 425 | 425 |
Deferred ordinary shares | £1.00 | 42,504 | 42,504 |
42,929 | 42,929 |
A.J.PLEDGER AND CO. (METALS) LIMITED (REGISTERED NUMBER: 00963493) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
6. | CONTINGENT LIABILITIES |
In October 2001 a debenture was given in favour of the HSBC Bank Plc securing the assets of the company against future bank borrowings. At the same time the company provided the bank with an unlimited loan postponement form in respect of loans to West Side Health & Fitness Club Limited, a group company under common control. The company also gave the bank authority over bank deposits not exceeding £100,000 as security for the borrowings of West Side Health & Fitness Club Limited. The company further provided an unlimited multilateral guarantee in respect of the bank borrowings of the group. The group consists of Pegasus Horseshoes Limited and its two wholly owned subsidiaries, A J Pledger & Co (Metals) Limited and West Side Health & Fitness Club Limited. |
7. | RELATED PARTY DISCLOSURES |
The company is owed £42,929 (2020: £42,929) by a group company. |