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REGISTERED NUMBER: 08820374 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Metal Sheets Ltd

Metal Sheets Ltd (Registered number: 08820374)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Metal Sheets Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr J Rutter
Ms M Madigan
P A Brugnoli
Mrs J Broadley





REGISTERED OFFICE: Unit 4 Yakira Buildings
83 Sefton lane
Maghull
Merseyside
L31 8BU





REGISTERED NUMBER: 08820374 (England and Wales)





ACCOUNTANTS: Haines Watts
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ

Metal Sheets Ltd (Registered number: 08820374)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 75,372 22,050
75,372 22,050

CURRENT ASSETS
Stocks 188,898 154,591
Debtors 6 184,497 180,731
Cash at bank and in hand 126,556 625,540
499,951 960,862
CREDITORS
Amounts falling due within one year 7 254,019 219,970
NET CURRENT ASSETS 245,932 740,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

321,304

762,942

CREDITORS
Amounts falling due after more than one
year

8

(10,958

)

(22,704

)

PROVISIONS FOR LIABILITIES (6,698 ) (6,698 )
NET ASSETS 303,648 733,540

CAPITAL AND RESERVES
Called up share capital 31 70
Share premium 10,210 10,210
Capital redemption reserve 79 40
Retained earnings 293,328 723,220
303,648 733,540

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Metal Sheets Ltd (Registered number: 08820374)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 4 June 2025 and were signed on its behalf by:





Mr J Rutter - Director


Metal Sheets Ltd (Registered number: 08820374)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Metal Sheets Ltd 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.

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 2013, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery etc - 25% reducing balance and 20% on reducing balance

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 22 ) .

Metal Sheets Ltd (Registered number: 08820374)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 January 2024
and 31 December 2024 236,000
AMORTISATION
At 1 January 2024
and 31 December 2024 236,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 January 2024 296,173 47,778 44,437 3,069 391,457
Additions 67,298 5,507 - - 72,805
At 31 December 2024 363,471 53,285 44,437 3,069 464,262
DEPRECIATION
At 1 January 2024 296,118 30,148 42,480 661 369,407
Charge for year 13,015 6,424 44 - 19,483
At 31 December 2024 309,133 36,572 42,524 661 388,890
NET BOOK VALUE
At 31 December 2024 54,338 16,713 1,913 2,408 75,372
At 31 December 2023 55 17,630 1,957 2,408 22,050

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Trade debtors 57,128 58,790
Other debtors 127,369 121,941
184,497 180,731

Metal Sheets Ltd (Registered number: 08820374)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Hire purchase contracts - 869
Trade creditors 74,970 38,876
Taxation and social security 85,747 158,182
Other creditors 93,302 22,043
254,019 219,970

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£ £
Bank loans 10,958 22,704

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£ £
Hire purchase contracts - 869

The hire purchase liability is secured against the assets to which it relates.