Metals and Plant Limited 00905198 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is that of demolition contractors. Digita Accounts Production Advanced 6.30.9574.0 true true 00905198 2024-04-01 2025-03-31 00905198 2025-03-31 00905198 core:RetainedEarningsAccumulatedLosses 2025-03-31 00905198 core:ShareCapital 2025-03-31 00905198 core:CurrentFinancialInstruments 2025-03-31 00905198 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 00905198 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 00905198 core:FurnitureFittings 2025-03-31 00905198 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 00905198 core:MotorVehicles 2025-03-31 00905198 bus:SmallEntities 2024-04-01 2025-03-31 00905198 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 00905198 bus:FilletedAccounts 2024-04-01 2025-03-31 00905198 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 00905198 bus:Director1 2024-04-01 2025-03-31 00905198 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00905198 core:Buildings 2024-04-01 2025-03-31 00905198 core:FurnitureFittings 2024-04-01 2025-03-31 00905198 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00905198 core:MotorVehicles 2024-04-01 2025-03-31 00905198 core:ToolsEquipment 2024-04-01 2025-03-31 00905198 countries:AllCountries 2024-04-01 2025-03-31 00905198 2024-03-31 00905198 core:FurnitureFittings 2024-03-31 00905198 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 00905198 core:MotorVehicles 2024-03-31 00905198 2023-04-01 2024-03-31 00905198 2024-03-31 00905198 core:RetainedEarningsAccumulatedLosses 2024-03-31 00905198 core:ShareCapital 2024-03-31 00905198 core:CurrentFinancialInstruments 2024-03-31 00905198 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 00905198 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 00905198 core:FurnitureFittings 2024-03-31 00905198 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 00905198 core:MotorVehicles 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 00905198

Metals and Plant Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Metals and Plant Limited

(Registration number: 00905198)

Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

3

191,557

217,243

Current assets

 

Debtors

4

183,508

232,854

Cash at bank and in hand

 

188,222

164,731

 

371,730

397,585

Creditors: Amounts falling due within one year

5

(117,389)

(169,028)

Net current assets

 

254,341

228,557

Total assets less current liabilities

 

445,898

445,800

Creditors: Amounts falling due after more than one year

5

(1,667)

(13,059)

Provisions for liabilities

(14,200)

(20,000)

Net assets

 

430,031

412,741

Capital and reserves

 

Called up share capital

2,150

2,150

Retained earnings

427,881

410,591

Shareholders' funds

 

430,031

412,741

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 17 June 2025
 

.........................................

D MacPherson

Director

 

Metals and Plant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

Accounting policies

Statutory information

Metals and Plant Limited is a private company, limited by shares, domiciled in England and Wales, company number 00905198. The registered office is at Unit 12 Bailey Drive, Killamarsh, Sheffield, S21 2JF.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

After due consideration of all relevant factors, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing the annual report and accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. Revenue is recognised upon delivery of services provided.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Metals and Plant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

1

Accounting policies (continued)

Deferred tax shall be recognised in respect of all timing differences at the reporting date, except as otherwise required by FRS102. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that 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 income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Unrelieved tax losses and other deferred tax assets shall be 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Buildings

25 years

Motor vehicles

25% on cost

Plant and equipment

20% on cost

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 
 

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 4).

 

Metals and Plant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

3

Tangible assets

Land and buildings
£

Plant and equipment
£

Motor vehicles
 £

Total
£

Cost

At 1 April 2024

138,718

95,077

65,095

298,890

Additions

-

2,573

-

2,573

Disposals

-

-

(4,900)

(4,900)

At 31 March 2025

138,718

97,650

60,195

296,563

Depreciation

At 1 April 2024

3,200

56,861

21,586

81,647

Charge for the year

800

13,050

14,409

28,259

Eliminated on disposal

-

-

(4,900)

(4,900)

At 31 March 2025

4,000

69,911

31,095

105,006

Carrying amount

At 31 March 2025

134,718

27,739

29,100

191,557

At 31 March 2024

135,518

38,216

43,509

217,243

4

Debtors

Current

2025
£

2024
£

Trade debtors

163,298

224,519

Prepayments

4,000

3,351

Other debtors

16,210

4,984

 

183,508

232,854

 

Metals and Plant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

5

Creditors

2025
£

2024
£

Due within one year

Loans and borrowings

10,000

10,000

Hire purchase

-

10,559

Trade creditors

41,982

29,599

Director's current account

32,499

65,887

Taxation and social security

28,043

46,466

Other creditors

4,865

6,517

117,389

169,028

Due after one year

Loans and borrowings

1,667

12,500

Hire purchase

-

559

1,667

13,059