COMMUNITY METAL RECYCLING CIC

Company Registration Number:
14235419 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

COMMUNITY METAL RECYCLING CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

COMMUNITY METAL RECYCLING CIC

Profit And Loss Account

for the Period Ended 31 July 2024

2024 13 months to 31 July 2023


£

£
Turnover: 310,073 27,178
Cost of sales: ( 273,070 ) ( 19,247 )
Gross profit(or loss): 37,003 7,931
Distribution costs: 0 ( 2,060 )
Administrative expenses: ( 24,322 ) ( 3,444 )
Other operating income: 0 0
Operating profit(or loss): 12,681 2,427
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 12,681 2,427
Tax: 0 0
Profit(or loss) for the financial year: 12,681 2,427

COMMUNITY METAL RECYCLING CIC

Balance sheet

As at 31 July 2024

Notes 2024 13 months to 31 July 2023


£

£
Called up share capital not paid: 100 100
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 3,409 1,215
Investments:   0 0
Total fixed assets: 3,409 1,215
Current assets
Stocks: 4 5,750 2,855
Debtors:   0 0
Cash at bank and in hand: 8,152 8,653
Investments:   0 0
Total current assets: 13,902 11,508
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 230 ) ( 196 )
Net current assets (liabilities): 13,672 11,312
Total assets less current liabilities: 17,181 12,627
Creditors: amounts falling due after more than one year: 6 ( 4,300 ) ( 10,000 )
Provision for liabilities: ( 100 ) ( 100 )
Accruals and deferred income: 0 0
Total net assets (liabilities): 12,781 2,527
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 12,681 2,427
Total Shareholders' funds: 12,781 2,527

The notes form part of these financial statements

COMMUNITY METAL RECYCLING CIC

Balance sheet statements

For the year ending 31 July 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.

This report was approved by the board of directors on 20 January 2025
and signed on behalf of the board by:

Name: John Adair
Status: Director

The notes form part of these financial statements

COMMUNITY METAL RECYCLING CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

COMMUNITY METAL RECYCLING CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 13 months to 31 July 2023
    Average number of employees during the period 2 1

COMMUNITY METAL RECYCLING CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 1,215 1,215
Additions 3,037 3,037
Disposals
Revaluations
Transfers
At 31 July 2024 4,252 4,252
Depreciation
At 1 August 2023 0 0
Charge for year 843 843
On disposals
Other adjustments
At 31 July 2024 843 843
Net book value
At 31 July 2024 3,409 3,409
At 31 July 2023 1,215 1,215

COMMUNITY METAL RECYCLING CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Stocks

2024 13 months to 31 July 2023
£ £
Stocks 5,750 2,855
Payments on account 0 0
Total 5,750 2,855

COMMUNITY METAL RECYCLING CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

2024 13 months to 31 July 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 230 196
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 0 0
Total 230 196

COMMUNITY METAL RECYCLING CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Creditors: amounts falling due after more than one year note

2024 13 months to 31 July 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 4,300 10,000
Total 4,300 10,000

COMMUNITY INTEREST ANNUAL REPORT

COMMUNITY METAL RECYCLING CIC

Company Number: 14235419 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

IN PURCHASING scrap metals we provide worthwhile employment to 16 people who source the metals. BY SALES of the metals to companies that recycle those metals and produce useful products. BY DONATIONS to local and other registered charities. ENVIRONMENTAL BENEFITS including the safe removal from public areas of scrap metals that could be harmful if left.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
20 January 2025

And signed on behalf of the board by:
Name: John Adair
Status: Director