Registered number
07379978
Hot Metal Press Limited
Filleted Accounts
30 September 2024
Hot Metal Press Limited
Registered number: 07379978
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 28,331 20,549
Current assets
Stocks 12,240 15,245
Debtors 5 53,790 67,352
Cash at bank and in hand 17,080 6,149
83,110 88,746
Creditors: amounts falling due within one year 6 (90,345) (82,892)
Net current (liabilities)/assets (7,235) 5,854
Total assets less current liabilities 21,096 26,403
Creditors: amounts falling due after more than one year 7 (9,739) (19,688)
Net assets 11,357 6,715
Capital and reserves
Called up share capital 1 1
Profit and loss account 11,356 6,714
Shareholders' funds 11,357 6,715
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S Willis
Director
Approved by the board on 8 April 2025
Hot Metal Press Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Various straightline
Plant and machinery Various straightline
Fixtures, fittings, tools and equipment Various straightline
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 7
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 10,000
At 30 September 2024 10,000
Amortisation
At 1 October 2023 10,000
At 30 September 2024 10,000
Net book value
At 30 September 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 6,500 76,920 10,995 94,415
Additions - 17,350 - 17,350
At 30 September 2024 6,500 94,270 10,995 111,765
Depreciation
At 1 October 2023 1,300 61,571 10,995 73,866
Charge for the year 1,300 8,268 - 9,568
At 30 September 2024 2,600 69,839 10,995 83,434
Net book value
At 30 September 2024 3,900 24,431 - 28,331
At 30 September 2023 5,200 15,349 - 20,549
5 Debtors 2024 2023
£ £
Trade debtors 53,300 66,862
Other debtors 490 490
53,790 67,352
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 54,327 56,422
Taxation and social security costs 5,973 4,039
Other creditors 20,045 12,431
90,345 82,892
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 9,739 19,688
8 Controlling party
The company is controlled by Mr S Willis.
9 Other information
Hot Metal Press Limited is a private company limited by shares and incorporated in England. Its registered office is:
50 Hoyland Road
Hoyland Common
Barnsley
South Yorkshire
S74 0PB
Hot Metal Press Limited 07379978 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts July 2024 Mr S Willis No description of principal activity 07379978 2022-10-01 2023-09-30 07379978 core:WithinOneYear 2023-09-30 07379978 core:AfterOneYear 2023-09-30 07379978 core:ShareCapital 2023-09-30 07379978 core:RetainedEarningsAccumulatedLosses 2023-09-30 07379978 2023-10-01 2024-09-30 07379978 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07379978 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 07379978 bus:Director40 2023-10-01 2024-09-30 07379978 1 2023-10-01 2024-09-30 07379978 2 2023-10-01 2024-09-30 07379978 core:LandBuildings 2023-10-01 2024-09-30 07379978 core:PlantMachinery 2023-10-01 2024-09-30 07379978 core:Vehicles 2023-10-01 2024-09-30 07379978 countries:England 2023-10-01 2024-09-30 07379978 bus:FRS102 2023-10-01 2024-09-30 07379978 bus:FilletedAccounts 2023-10-01 2024-09-30 07379978 2024-09-30 07379978 core:WithinOneYear 2024-09-30 07379978 core:AfterOneYear 2024-09-30 07379978 core:ShareCapital 2024-09-30 07379978 core:RetainedEarningsAccumulatedLosses 2024-09-30 07379978 core:Goodwill 2024-09-30 07379978 core:LandBuildings 2024-09-30 07379978 core:PlantMachinery 2024-09-30 07379978 core:Vehicles 2024-09-30 07379978 2023-09-30 07379978 core:Goodwill 2023-09-30 07379978 core:LandBuildings 2023-09-30 07379978 core:PlantMachinery 2023-09-30 07379978 core:Vehicles 2023-09-30 iso4217:GBP xbrli:pure