09287181falsetrading in scrap metals2023-11-012024-10-31http://www.companieshouse.gov.uk/2023-10-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-10-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-10-31http://www.companieshouse.gov.uk/cd:Director12023-11-012024-10-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-10-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-10-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-10-31http://www.companieshouse.gov.uk/cd:Director22023-11-012024-10-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-10-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-10-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-10-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-10-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-11-012024-10-31http://www.companieshouse.gov.uk/pt:MotorCars2023-10-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-10-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-11-012024-10-31http://www.companieshouse.gov.uk/pt:MotorCars2024-10-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-11-012024-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-10-31http://www.companieshouse.gov.uk/2023-11-012024-10-31http://www.companieshouse.gov.uk/2023-10-31http://www.companieshouse.gov.uk/cd:FRS1022023-11-012024-10-31http://www.companieshouse.gov.uk/2024-10-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-11-012024-10-31http://www.companieshouse.gov.uk/pt:LandBuildings2023-10-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-11-012024-10-31http://www.companieshouse.gov.uk/pt:LandBuildings2024-10-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 09287181

Promet (Metals & Trading) Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/10/2024

Prepared By:
Robert Ogle
Chartered Accountant
The Elms
Doncaster Road
Rotherham
South Yorkshire
S65 1DY

Promet (Metals & Trading) Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/10/2024
DIRECTORS
Frans Wilhelm Leonard Van Ommeren
John Crossland
REGISTERED OFFICE
The Elms
Doncaster Road
Rotherham
South Yorkshire
S65 1DY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09287181
ACCOUNTANTS
Robert Ogle
Chartered Accountant
The Elms
Doncaster Road
Rotherham
South Yorkshire
S65 1DY

Promet (Metals & Trading) Ltd

ACCOUNTS
FOR THEYEARENDED31/10/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Promet (Metals & Trading) Ltd

BALANCE SHEET AT 31/10/2024
20242023
Notes££
FIXED ASSETS
Tangible assets3302,763512,932
CURRENT ASSETS
Stock435,554503,203
Debtors51,907,1702,351,531
Cash at bank and in hand2,233,8272,716,622
4,576,5515,571,356
CREDITORS: Amounts falling due within one year63,396,5034,588,292
NET CURRENT ASSETS1,180,048983,064
TOTAL ASSETS LESS CURRENT LIABILITIES1,482,8111,495,996
CREDITORS: Amounts falling due after more than one year744,86173,195
PROVISIONS FOR LIABILITIES AND CHARGES862,13039,006
NET ASSETS1,375,8201,383,795
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account1,375,7201,383,695
SHAREHOLDERS' FUNDS1,375,8201,383,795
For the year ending 31/10/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/04/2025 and signed on their behalf by
.............................
Frans Wilhelm Leonard Van Ommeren
Director

Promet (Metals & Trading) Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsreducing balance 2%
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20242023
No.No.
Average number of employees163

Promet (Metals & Trading) Ltd

3. TANGIBLE FIXED ASSETS
Land AndPlant andCommercialFixtures
BuildingsMachineryVehiclesand FittingsEquipmentMotor CarsTotal
£££££££
Cost
At 01/11/2023264,601380,50817,5004,45110,23256,400733,692
Additions-140,595--2,921-143,516
Disposals(264,601)-(17,500)---(282,101)
At 31/10/2024-521,103-4,45113,15356,400595,107
Depreciation
At 01/11/202315,561168,41213,3471,2353,43618,769220,760
Disposals(15,561)-(13,347)---(28,908)
For the year-88,173-4822,4299,408100,492
At 31/10/2024-256,585-1,7175,86528,177292,344
Net Book Amounts
At 31/10/2024-264,518-2,7347,28828,223302,763
At 31/10/2023249,040212,0964,1533,2166,79637,631512,932
4. STOCK 20242023
££
Stock comprises:
Stock435,554503,203
435,554503,203
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors889,8231,695,949
VAT494,446132,681
PAYE control222222
Amounts due from group companies - CMS Orbis Ltd23,50023,500
Amounts due from group companies - Promet Holdings Ltd499,179499,179
1,907,1702,351,531

Promet (Metals & Trading) Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax135,618260,182
Directors current account4,1552,138
Trade creditors3,250,6164,322,838
Other creditors326301
Pension schemes2,213433
Accruals3,5752,400
3,396,5034,588,292
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr44,86173,195
44,86173,195
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation62,13039,006
62,13039,006
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
90 of £ each90
100100

Promet (Metals & Trading) Ltd

10. RELATED PARTY TRANSACTIONS
The director and shareholders daughter rented the property for part of the year at £450 per month at a commercial rate. The property was sold in May 2024.