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REGISTERED NUMBER: 08586753 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th September 2024

for

CHASE METAL RECYCLING LIMITED

CHASE METAL RECYCLING LIMITED (REGISTERED NUMBER: 08586753)

Contents of the Financial Statements
for the Year Ended 30th September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHASE METAL RECYCLING LIMITED

Company Information
for the Year Ended 30th September 2024







DIRECTOR: Mr D J Owen





REGISTERED OFFICE: Unit 3 Chaseside Industrial Estate
Chaseside Drive
Hednesford
Cannock
Staffordshire
WS11 7EY





REGISTERED NUMBER: 08586753 (England and Wales)






CHASE METAL RECYCLING LIMITED (REGISTERED NUMBER: 08586753)

Balance Sheet
30th September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 775,270 568,419

CURRENT ASSETS
Stocks 2,250 2,500
Debtors 5 66,466 919
Cash at bank 294,769 215,510
363,485 218,929
CREDITORS
Amounts falling due within one year 6 259,359 213,748
NET CURRENT ASSETS 104,126 5,181
TOTAL ASSETS LESS CURRENT
LIABILITIES

879,396

573,600

CREDITORS
Amounts falling due after more than
one year

7

187,975

84,428
NET ASSETS 691,421 489,172

CHASE METAL RECYCLING LIMITED (REGISTERED NUMBER: 08586753)

Balance Sheet - continued
30th September 2024

30.9.24 30.9.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 690,421 488,172
SHAREHOLDERS' FUNDS 691,421 489,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

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 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 director and authorised for issue on 26th February 2025 and were signed by:





Mr D J Owen - Director


CHASE METAL RECYCLING LIMITED (REGISTERED NUMBER: 08586753)

Notes to the Financial Statements
for the Year Ended 30th September 2024


1. STATUTORY INFORMATION

Chase Metal Recycling Limited 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.

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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on 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.


CHASE METAL RECYCLING LIMITED (REGISTERED NUMBER: 08586753)

Notes to the Financial Statements - continued
for the Year Ended 30th September 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

CHASE METAL RECYCLING LIMITED (REGISTERED NUMBER: 08586753)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st October 2023 192,322 624,180 38,367 138,317 993,186
Additions 17,028 268,465 15,473 72,250 373,216
Disposals - - - (12,500 ) (12,500 )
At 30th September
2024

209,350

892,645

53,840

198,067

1,353,902
DEPRECIATION
At 1st October 2023 - 358,742 15,471 50,554 424,767
Charge for year - 106,780 12,551 37,659 156,990
Eliminated on disposal - - - (3,125 ) (3,125 )
At 30th September
2024

-

465,522

28,022

85,088

578,632
NET BOOK VALUE
At 30th September
2024

209,350

427,123

25,818

112,979

775,270
At 30th September
2023

192,322

265,438

22,896

87,763

568,419

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.9.24 30.9.23
£    £   
Trade debtors 66,466 716
Other debtors - 203
66,466 919

CHASE METAL RECYCLING LIMITED (REGISTERED NUMBER: 08586753)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,127 10,000
Trade creditors 98,233 74,502
Taxation and social security 150,999 129,246
259,359 213,748

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 14,167 24,167
Other creditors 173,808 60,261
187,975 84,428

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2024 and 30th September 2023:

30.9.24 30.9.23
£    £   
Mr D J Owen
Balance outstanding at start of year (685 ) (650 )
Amounts repaid (2,335 ) (35 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,020 ) (685 )