IRIS Accounts Production v24.3.2.46 SC048199 director 1.6.23 31.5.24 31.5.24 Medium entities The company's business is normally that of scrap metal merchants and waste disposal contractors. 0 0 true true false true true false false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. 0 0 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC0481992023-05-31SC0481992024-05-31SC0481992023-06-012024-05-31SC0481992022-05-31SC0481992022-06-012023-05-31SC0481992023-05-31SC048199ns15:Scotland2023-06-012024-05-31SC048199ns14:PoundSterling2023-06-012024-05-31SC048199ns10:Director12023-06-012024-05-31SC048199ns10:CompanySecretary12023-06-012024-05-31SC048199ns10:PrivateLimitedCompanyLtd2023-06-012024-05-31SC048199ns10:MediumEntities2023-06-012024-05-31SC048199ns10:Audited2023-06-012024-05-31SC048199ns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-06-012024-05-31SC048199ns10:Medium-sizedCompaniesRegimeForAccounts2023-06-012024-05-31SC048199ns10:FullAccounts2023-06-012024-05-31SC04819912023-06-012024-05-31SC048199ns10:OrdinaryShareClass12023-06-012024-05-31SC048199ns10:RegisteredOffice2023-06-012024-05-31SC048199ns5:CurrentFinancialInstruments2024-05-31SC048199ns5:CurrentFinancialInstruments2023-05-31SC048199ns5:ShareCapital2024-05-31SC048199ns5:ShareCapital2023-05-31SC048199ns5:FurtherSpecificReserve1ComponentTotalEquity2024-05-31SC048199ns5:FurtherSpecificReserve1ComponentTotalEquity2023-05-31SC048199ns5:RetainedEarningsAccumulatedLosses2024-05-31SC048199ns5:RetainedEarningsAccumulatedLosses2023-05-31SC048199ns5:ShareCapital2022-05-31SC048199ns5:RetainedEarningsAccumulatedLosses2022-05-31SC048199ns5:FurtherSpecificReserve1ComponentTotalEquity2022-05-31SC048199ns5:RetainedEarningsAccumulatedLosses2022-06-012023-05-31SC048199ns5:FurtherSpecificReserve1ComponentTotalEquity2022-06-012023-05-31SC048199ns5:RetainedEarningsAccumulatedLosses2023-06-012024-05-31SC048199ns5:FurtherSpecificReserve1ComponentTotalEquity2023-06-012024-05-31SC04819912023-06-012024-05-31SC048199ns5:NetGoodwill2023-06-012024-05-31SC048199ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-31SC048199ns10:OrdinaryShareClass12022-06-012023-05-31SC048199ns5:NetGoodwill2023-05-31SC048199ns5:NetGoodwill2024-05-31SC048199ns5:NetGoodwill2023-05-31SC048199ns5:CostValuation2023-05-31SC048199ns5:Subsidiary12023-06-012024-05-31SC0481991ns5:Subsidiary12023-06-012024-05-31SC048199ns5:Subsidiary12024-05-31SC048199ns5:Subsidiary12023-05-31SC048199ns5:Subsidiary12022-06-012023-05-31SC048199ns10:OrdinaryShareClass12024-05-31SC048199ns5:RetainedEarningsAccumulatedLosses2023-05-31SC048199ns5:FurtherSpecificReserve1ComponentTotalEquity2023-05-31SC048199ns5:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity2023-06-012024-05-31
REGISTERED NUMBER: SC048199 (Scotland)















STRATEGIC REPORT,

REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

ALEX. SMITH METALS LIMITED

ALEX. SMITH METALS LIMITED (REGISTERED NUMBER: SC048199)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Strategic Report 2

Report of the Director 3

Report of the Independent Auditors 4

Income Statement 7

Other Comprehensive Income 8

Balance Sheet 9

Statement of Changes in Equity 10

Cash Flow Statement 11

Notes to the Cash Flow Statement 12

Notes to the Financial Statements 13


ALEX. SMITH METALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr Kenneth Alexander Smith


SECRETARY: Mr Kenneth Alexander Smith


REGISTERED OFFICE: 67 Green Street Lane
AYR
Ayrshire
KA8 8BE


REGISTERED NUMBER: SC048199 (Scotland)


SENIOR STATUTORY AUDITOR: Mr John Duthie CA


AUDITORS: Galbraith Pritchards
Chartered Accountants & Statutory Auditor
20 Barns Street
Ayr
Ayrshire
KA7 1XA


INCORPORATED: 11 December 1970

ALEX. SMITH METALS LIMITED (REGISTERED NUMBER: SC048199)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 MAY 2024


The director presents his strategic report for the year ended 31 May 2024.

REVIEW OF BUSINESS
The company was a holding company during the year and did not trade.

A new company was set up during the previous year which acquired 100% of the share capital of Alex Smith Metals Limited. This was part of a restructuring plan to ensure the long term future of the group.

.

PRINCIPAL RISKS AND UNCERTAINTIES
As the company is currently not trading there are no principal risks or uncertainties at this time.

ON BEHALF OF THE BOARD:





Mr Kenneth Alexander Smith - Secretary


26 February 2025

ALEX. SMITH METALS LIMITED (REGISTERED NUMBER: SC048199)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 MAY 2024


The director presents his report with the financial statements of the company for the year ended 31 May 2024.

DIVIDENDS
No dividends will be distributed for the year ended 31 May 2024.

DIRECTOR
Mr Kenneth Alexander Smith held office during the whole of the period from 1 June 2023 to the date of this report.

DISCLOSURE IN THE STRATEGIC REPORT
Please refer to the strategic report for a review of the business and discussion of the principal risks and uncertainties.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Galbraith Pritchards, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr Kenneth Alexander Smith - Secretary


26 February 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ALEX. SMITH METALS LIMITED


Opinion
We have audited the financial statements of Alex. Smith Metals Limited (the 'company') for the year ended 31 May 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 May 2024 and of its loss for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ALEX. SMITH METALS LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and, enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ALEX. SMITH METALS LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mr John Duthie CA (Senior Statutory Auditor)
for and on behalf of Galbraith Pritchards
Chartered Accountants & Statutory Auditor
20 Barns Street
Ayr
KA7 1XA

27 February 2025

ALEX. SMITH METALS LIMITED (REGISTERED NUMBER: SC048199)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MAY 2024

31/5/24 31/5/23
Notes £    £   

TURNOVER - -

Administrative expenses 165 233
OPERATING LOSS (165 ) (233 )

Income from shares in group undertakings - 1,089,478
(LOSS)/PROFIT BEFORE TAXATION (165 ) 1,089,245

Tax on (loss)/profit 4 - -
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(165

)

1,089,245

ALEX. SMITH METALS LIMITED (REGISTERED NUMBER: SC048199)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MAY 2024

31/5/24 31/5/23
Notes £    £   

(LOSS)/PROFIT FOR THE YEAR (165 ) 1,089,245


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

(165

)

1,089,245

ALEX. SMITH METALS LIMITED (REGISTERED NUMBER: SC048199)

BALANCE SHEET
31 MAY 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 6 - -
Investments 7 40,820 40,820
40,820 40,820

CURRENT ASSETS
Cash at bank 146,170 146,354

CREDITORS
Amounts falling due within one year 8 146,826 146,845
NET CURRENT LIABILITIES (656 ) (491 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,164

40,329

CAPITAL AND RESERVES
Called up share capital 9 1,001 1,001
Other reserves 10 1,272 1,272
Retained earnings 10 37,891 38,056
SHAREHOLDERS' FUNDS 40,164 40,329

The financial statements were approved by the director and authorised for issue on 26 February 2025 and were signed by:





Mr Kenneth Alexander Smith - Director


ALEX. SMITH METALS LIMITED (REGISTERED NUMBER: SC048199)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2024

Called up
share Retained Other Total
capital earnings reserves equity
£    £    £    £   
Balance at 1 June 2022 1,001 37,901 1,272 40,174

Changes in equity
Dividends - (1,089,090 ) - (1,089,090 )
Total comprehensive income - 1,089,245 - 1,089,245
Balance at 31 May 2023 1,001 38,056 1,272 40,329

Changes in equity
Total comprehensive income - (165 ) - (165 )
Balance at 31 May 2024 1,001 37,891 1,272 40,164

ALEX. SMITH METALS LIMITED (REGISTERED NUMBER: SC048199)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MAY 2024

31/5/24 31/5/23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 (184 ) 5,322
Net cash from operating activities (184 ) 5,322

Cash flows from investing activities
Dividends received - 1,089,478
Net cash from investing activities - 1,089,478

Cash flows from financing activities
Equity dividends paid - (1,089,090 )
Net cash from financing activities - (1,089,090 )

(Decrease)/increase in cash and cash equivalents (184 ) 5,710
Cash and cash equivalents at beginning of
year

2

146,354

140,644

Cash and cash equivalents at end of year 2 146,170 146,354

ALEX. SMITH METALS LIMITED (REGISTERED NUMBER: SC048199)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MAY 2024


1. RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

31/5/24 31/5/23
£    £   
(Loss)/profit before taxation (165 ) 1,089,245
Finance income - (1,089,478 )
(165 ) (233 )
(Decrease)/increase in trade and other creditors (19 ) 5,555
Cash generated from operations (184 ) 5,322

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 May 2024
31/5/24 1/6/23
£    £   
Cash and cash equivalents 146,170 146,354
Year ended 31 May 2023
31/5/23 1/6/22
£    £   
Cash and cash equivalents 146,354 140,644


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1/6/23 Cash flow At 31/5/24
£    £    £   
Net cash
Cash at bank 146,354 (184 ) 146,170
146,354 (184 ) 146,170
Total 146,354 (184 ) 146,170

ALEX. SMITH METALS LIMITED (REGISTERED NUMBER: SC048199)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Alex. Smith Metals Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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" 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.

CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
In the application of the company's accounting policies, which are described in note 2, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

GOODWILL
This was stated at cost and it has been fully amortised.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

FINANCIAL INSTRUMENTS
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.


ALEX. SMITH METALS LIMITED (REGISTERED NUMBER: SC048199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 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

There were no staff costs for the year ended 31 May 2024 nor for the year ended 31 May 2023.

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

31/5/24 31/5/23
£    £   
Directors' remuneration - -

4. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 31 May 2024 nor for the year ended 31 May 2023.

5. DIVIDENDS
31/5/24 31/5/23
£    £   
Ordinary shares of £1 each
Interim - 1,089,090

6. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 4,037
AMORTISATION
At 1 June 2023
and 31 May 2024 4,037
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

ALEX. SMITH METALS LIMITED (REGISTERED NUMBER: SC048199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 40,820
NET BOOK VALUE
At 31 May 2024 40,820
At 31 May 2023 40,820

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Lowmac Alloys Limited
Registered office: 67 Green Street Lane Ayr KA8 8BE
Nature of business: Scrap Metal Merchants & Waste Disposal
%
Class of shares: holding
Ordinary 99.99
31/5/24 31/5/23
£    £   
Aggregate capital and reserves 20,479,409 19,695,084
Profit for the year 784,325 1,690,192

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Amounts owed to group undertakings 146,816 146,816
Accrued expenses 10 29
146,826 146,845

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/24 31/5/23
value: £    £   
1,001 Ordinary £1 1,001 1,001

10. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 June 2023 38,056 1,272 39,328
Deficit for the year (165 ) (165 )
At 31 May 2024 37,891 1,272 39,163

ALEX. SMITH METALS LIMITED (REGISTERED NUMBER: SC048199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


11. ULTIMATE PARENT COMPANY

Lowmac Alloys Holdings Limited is regarded by the director as being the company's ultimate parent company.

Group accounts are prepared and can be obtained from Lowmac Alloys Holdings Limited, 67 Green Street Lane,
Ayr KA8 8BE.

12. RELATED PARTY DISCLOSURES

Entities with control, joint control or significant influence over the entity
31/5/24 31/5/23
£    £   
Dividends paid - 1,089,090

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Kenneth Alexander Smith.