Company registration number 04066140 (England and Wales)
MICK DENTON METAL RECYCLING & SKIP HIRE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
MICK DENTON METAL RECYCLING & SKIP HIRE LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
MICK DENTON METAL RECYCLING & SKIP HIRE LTD
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
561,296
586,547
Current assets
Stocks
37,540
57,360
Debtors
4
326,873
245,905
Cash at bank and in hand
4,367
2,364
368,780
305,629
Creditors: amounts falling due within one year
5
(56,973)
(41,911)
Net current assets
311,807
263,718
Total assets less current liabilities
873,103
850,265
Provisions for liabilities
(14,211)
(14,211)
Net assets
858,892
836,054
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
858,890
836,052
Total equity
858,892
836,054

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 16 May 2025
Mr L Goodhew
Director
Company registration number 04066140 (England and Wales)
MICK DENTON METAL RECYCLING & SKIP HIRE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information

Mick Denton Metal Recycling & Skip Hire Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Tha Barn, Musgrave Farm, Horningsea Road, Fen Ditton, Cambridge, England, CB5 8SZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
- 20% reducing balance
Computers
- 20% reducing balance
Motor vehicles
- 25% reducing balance
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

MICK DENTON METAL RECYCLING & SKIP HIRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 September 2023
314,748
1,150,255
1,465,003
Additions
-
0
30,000
30,000
At 31 August 2024
314,748
1,180,255
1,495,003
Depreciation and impairment
At 1 September 2023
-
0
878,456
878,456
Depreciation charged in the year
-
0
55,251
55,251
At 31 August 2024
-
0
933,707
933,707
Carrying amount
At 31 August 2024
314,748
246,548
561,296
At 31 August 2023
314,748
271,799
586,547
MICK DENTON METAL RECYCLING & SKIP HIRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
326,873
245,905
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
13,888
12,674
Corporation tax
14,217
2,902
Other taxation and social security
26,486
22,864
Other creditors
2,382
3,471
56,973
41,911
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