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REGISTERED NUMBER: 06403382 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

RW CUNNINGHAM METALS LIMITED

RW CUNNINGHAM METALS LIMITED (REGISTERED NUMBER: 06403382)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RW CUNNINGHAM METALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTOR: R W Cunningham





REGISTERED OFFICE: The Yard
South View
Main Street
Mexborough
South Yorkshire
S64 9LU





REGISTERED NUMBER: 06403382 (England and Wales)





ACCOUNTANTS: Leesing Marrison Lee & Co
Chartered Certified Accountants
46 Main Street
Mexborough
South Yorkshire
S64 9DU

RW CUNNINGHAM METALS LIMITED (REGISTERED NUMBER: 06403382)

BALANCE SHEET
31ST OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,757,183 2,625,508
Investments 6 280,848 111,000
3,038,031 2,736,508

CURRENT ASSETS
Stocks 211,949 198,652
Debtors 7 119,627 116,726
Cash at bank 107,706 163,007
439,282 478,385
CREDITORS
Amounts falling due within one year 8 216,381 123,284
NET CURRENT ASSETS 222,901 355,101
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,260,932

3,091,609

CREDITORS
Amounts falling due after more than one
year

9

(8,393

)

(18,393

)

PROVISIONS FOR LIABILITIES (434,592 ) (504,879 )
NET ASSETS 2,817,947 2,568,337

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 10 1,319,706 1,319,706
Retained earnings 1,498,239 1,248,629
SHAREHOLDERS' FUNDS 2,817,947 2,568,337

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

RW CUNNINGHAM METALS LIMITED (REGISTERED NUMBER: 06403382)

BALANCE SHEET - continued
31ST OCTOBER 2024


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 12th May 2025 and were signed by:





R W Cunningham - Director


RW CUNNINGHAM METALS LIMITED (REGISTERED NUMBER: 06403382)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024

1. STATUTORY INFORMATION

RW Cunningham Metals 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of three years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Improvements to property - 33% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

RW CUNNINGHAM METALS LIMITED (REGISTERED NUMBER: 06403382)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2023
and 31st October 2024 97,500
AMORTISATION
At 1st November 2023
and 31st October 2024 97,500
NET BOOK VALUE
At 31st October 2024 -
At 31st October 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
Land and to Plant and
buildings property machinery
£    £    £   
COST OR VALUATION
At 1st November 2023 2,500,000 1,671 322,900
Additions 19,250 - 500
Revaluations 200,000 - -
At 31st October 2024 2,719,250 1,671 323,400
DEPRECIATION
At 1st November 2023 110,441 1,671 133,363
Charge for year 50,385 - 28,505
At 31st October 2024 160,826 1,671 161,868
NET BOOK VALUE
At 31st October 2024 2,558,424 - 161,532
At 31st October 2023 2,389,559 - 189,537

RW CUNNINGHAM METALS LIMITED (REGISTERED NUMBER: 06403382)

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

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1st November 2023 7,810 67,497 11,547 2,911,425
Additions - 1,725 - 21,475
Revaluations - - - 200,000
At 31st October 2024 7,810 69,222 11,547 3,132,900
DEPRECIATION
At 1st November 2023 5,640 24,030 10,772 285,917
Charge for year 325 10,143 442 89,800
At 31st October 2024 5,965 34,173 11,214 375,717
NET BOOK VALUE
At 31st October 2024 1,845 35,049 333 2,757,183
At 31st October 2023 2,170 43,467 775 2,625,508

Cost or valuation at 31st October 2024 is represented by:

Improvements
Land and to Plant and
buildings property machinery
£    £    £   
Valuation in 2023 1,816,076 - -
Valuation in 2024 200,000 - -
Cost 703,174 1,671 323,400
2,719,250 1,671 323,400

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Valuation in 2023 - - - 1,816,076
Valuation in 2024 - - - 200,000
Cost 7,810 69,222 11,547 1,116,824
7,810 69,222 11,547 3,132,900

RW CUNNINGHAM METALS LIMITED (REGISTERED NUMBER: 06403382)

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

6. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1st November 2023 111,000
Additions 125,969
Revaluations 43,879
At 31st October 2024 280,848
NET BOOK VALUE
At 31st October 2024 280,848
At 31st October 2023 111,000

Cost or valuation at 31st October 2024 is represented by:

Listed
investments
£   
Valuation in 2024 43,879
Cost 236,969
280,848

Market value of listed investments at 31st October 2024 - £ 280,848 .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 119,627 116,726

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 44,064 18,700
Taxation and social security 60,086 35,887
Other creditors 102,231 58,697
216,381 123,284

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 8,393 18,393

10. RESERVES
Revaluation
reserve
£   
At 1st November 2023
and 31st October 2024 1,319,706

RW CUNNINGHAM METALS LIMITED (REGISTERED NUMBER: 06403382)

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

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st October 2024 and 31st October 2023:

31.10.24 31.10.23
£    £   
R W Cunningham
Balance outstanding at start of year (10,100 ) 181,240
Amounts advanced 70,834 55,300
Amounts repaid (113,867 ) (246,640 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (53,133 ) (10,100 )

12. RELATED PARTY DISCLOSURES

Mr R W Cunningham is a shareholder and director in Highland Retreat Park Limited. During the year, the company paid nil expenses (2023: £965) on behalf of Highland Retreat Park Limited. The company transferred £5,000 to Highland Retreat Park Limited during the year (2023: nil). At the year end an amount of £117,738.27 (2023: £112,738.27) is due to the company and included in other debtors.