Company registration number:
06185405
METALS SOLUTIONS LIMITED
Filleted financial statements
31 December 2024
METALS SOLUTIONS LIMITED
Contents
Directors and other information
Directors responsibilities statement
Statement of financial position
Notes to the financial statements
METALS SOLUTIONS LIMITED
Directors and other information
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Directors |
Mr Tianjiang Jia |
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Mr Zhengguang Lyu |
(Appointed 9 April 2024) |
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Mr Yuan Wang |
(Resigned 9 April 2024) |
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Mr Yandong Jia |
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Company number |
06185405 |
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Registered office |
4th Floor, 100 Pall Mall |
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London |
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SW1Y 5NQ |
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Business address |
4th Floor, 100 Pall Mall |
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London |
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SW1Y 5NQ |
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Auditor |
Just Audit Limited |
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Strelley Hall |
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Main Street |
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Strelley |
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Nottingham |
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NG8 6PE |
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METALS SOLUTIONS LIMITED
Statement of financial position
31 December 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Cash at bank and in hand |
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336,927 |
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337,499 |
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_______ |
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_______ |
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336,927 |
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337,499 |
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Creditors: amounts falling due |
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within one year |
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5 |
(
30,589) |
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(
26,000) |
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_______ |
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_______ |
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Net current assets |
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306,338 |
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311,499 |
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_______ |
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Total assets less current liabilities |
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306,338 |
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311,499 |
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_______ |
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Net assets |
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306,338 |
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311,499 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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1 |
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1 |
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Profit and loss account |
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306,337 |
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311,498 |
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_______ |
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Shareholder funds |
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306,338 |
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311,499 |
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_______ |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
28 May 2025
, and are signed on behalf of the board by:
Mr Zhengguang Lyu
Director
Company registration number:
06185405
METALS SOLUTIONS LIMITED
Notes to the financial statements
Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 4th Floor, 100 Pall Mall, London, SW1Y 5NQ. The company registration number is
06185405
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2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
As a result of group decisions, it is the intention of the directors to cease operations of Metals Solutions Limited and so the company is not expected to continue in business. The financial statements have been prepared on a basis other than going concern. The directors believe that the company has sufficient resources to meet its liabilities as they fall due. No material adjustments arose as a result of ceasing to apply the going concern basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: Nil).
5.
Creditors: amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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25,261 |
20,850 |
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Other creditors |
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5,328 |
5,150 |
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_______ |
_______ |
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30,589 |
26,000 |
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_______ |
_______ |
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6.
Disclosure under section 444(5B) of the Companies Act 2006
The auditor's report dated
28 May 2025
was unqualified, however, the auditor drew attention to the following by way of emphasis.
We draw your attention to note 3 which explains that the directors intend to cease the operations of the company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing these financial statements. Accordingly the financial statements have been prepared on basis other than going concern as described in note 3. Our opinion is not modified in respect of this matter.
The senior statutory auditor was
Rachel Davis BA FCA
for and on behalf of
Just Audit Limited
7.
Parent company
The immediate parent company is Tian Yuan Manganese Limited, incorporated in the Cayman Islands.