IRIS Accounts Production v25.1.4.42 08567348 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false Fair value model Ordinary shares. 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085673482023-10-31085673482024-10-31085673482023-11-012024-10-31085673482022-10-31085673482022-11-012023-10-31085673482023-10-3108567348ns15:EnglandWales2023-11-012024-10-3108567348ns14:PoundSterling2023-11-012024-10-3108567348ns10:Director12023-11-012024-10-3108567348ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3108567348ns10:SmallEntities2023-11-012024-10-3108567348ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3108567348ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3108567348ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3108567348ns10:FullAccounts2023-11-012024-10-3108567348ns10:OrdinaryShareClass12023-11-012024-10-3108567348ns10:Director22023-11-012024-10-3108567348ns10:RegisteredOffice2023-11-012024-10-3108567348ns5:CurrentFinancialInstruments2024-10-3108567348ns5:CurrentFinancialInstruments2023-10-3108567348ns5:Non-currentFinancialInstruments2024-10-3108567348ns5:Non-currentFinancialInstruments2023-10-3108567348ns5:ShareCapital2024-10-3108567348ns5:ShareCapital2023-10-3108567348ns5:RetainedEarningsAccumulatedLosses2024-10-3108567348ns5:RetainedEarningsAccumulatedLosses2023-10-3108567348ns5:PlantMachinery2023-11-012024-10-3108567348ns5:FurnitureFittings2023-11-012024-10-3108567348ns5:MotorVehicles2023-11-012024-10-3108567348ns5:PlantMachinery2023-10-3108567348ns5:FurnitureFittings2023-10-3108567348ns5:MotorVehicles2023-10-3108567348ns5:PlantMachinery2024-10-3108567348ns5:FurnitureFittings2024-10-3108567348ns5:MotorVehicles2024-10-3108567348ns5:PlantMachinery2023-10-3108567348ns5:FurnitureFittings2023-10-3108567348ns5:MotorVehicles2023-10-3108567348ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3108567348ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3108567348ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-10-3108567348ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-10-3108567348ns5:WithinOneYear2024-10-3108567348ns5:WithinOneYear2023-10-3108567348ns5:BetweenOneFiveYears2024-10-3108567348ns5:BetweenOneFiveYears2023-10-3108567348ns5:AllPeriods2024-10-3108567348ns5:AllPeriods2023-10-3108567348ns5:DeferredTaxation2023-10-3108567348ns5:DeferredTaxation2023-11-012024-10-3108567348ns5:DeferredTaxation2024-10-3108567348ns10:OrdinaryShareClass12024-10-31
REGISTERED NUMBER: 08567348 (England and Wales)















Action Metals Limited

Unaudited Financial Statements for the Year Ended 31 October 2024






Action Metals Limited (Registered number: 08567348)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Action Metals Limited

Company Information
for the Year Ended 31 October 2024







Directors: Nicholas Dewhurst
Karen Elizabeth Dewhurst





Registered office: Unit 2 Scafell Road
Queensway Industrial Estate
Lytham St Annes
Lancashire
FY8 3HE





Registered number: 08567348 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
Greater Manchester
BL6 7BY

Action Metals Limited (Registered number: 08567348)

Statement of Financial Position
31 October 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 37,414 41,942
Investment property 5 173,137 173,137
210,551 215,079

Current assets
Stocks 4,496 6,895
Debtors 6 7,198 5,941
Cash at bank 195,603 185,588
207,297 198,424
Creditors
Amounts falling due within one year 7 274,776 248,762
Net current liabilities (67,479 ) (50,338 )
Total assets less current liabilities 143,072 164,741

Creditors
Amounts falling due after more than
one year

8

(52,042

)

(78,063

)

Provisions for liabilities 10 (9,915 ) (11,115 )
Net assets 81,115 75,563

Action Metals Limited (Registered number: 08567348)

Statement of Financial Position - continued
31 October 2024

2024 2023
Notes £    £    £    £   
Capital and reserves
Called up share capital 11 300 300
Retained earnings 80,815 75,263
Shareholders' funds 81,115 75,563

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by:





Karen Elizabeth Dewhurst - Director


Action Metals Limited (Registered number: 08567348)

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

1. Statutory information

Action Metals Limited 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 represents the total invoice value, excluding value added tax, of the sale of processed metals and recyclable cardboard products during the year.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Metal stock is stated at the estimated realisable value achievable by the company.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.


Action Metals Limited (Registered number: 08567348)

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

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences 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 tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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 4 (2023 - 5 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 November 2023 87,519 5,363 22,300 115,182
Additions - - 5,000 5,000
Disposals (3,206 ) (1,453 ) - (4,659 )
At 31 October 2024 84,313 3,910 27,300 115,523
Depreciation
At 1 November 2023 54,044 3,642 15,554 73,240
Charge for year 6,695 500 1,895 9,090
Eliminated on disposal (2,921 ) (1,300 ) - (4,221 )
At 31 October 2024 57,818 2,842 17,449 78,109
Net book value
At 31 October 2024 26,495 1,068 9,851 37,414
At 31 October 2023 33,475 1,721 6,746 41,942

Action Metals Limited (Registered number: 08567348)

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

5. Investment property
Total
£   
Fair value
At 1 November 2023
and 31 October 2024 173,137
Net book value
At 31 October 2024 173,137
At 31 October 2023 173,137

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 620 -
Other debtors 6,578 5,941
7,198 5,941

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans 26,021 26,021
Hire purchase contracts (see note 9) - 2,250
Trade creditors 25,785 18,440
Taxation and social security 53,392 50,157
Other creditors 169,578 151,894
274,776 248,762

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 52,042 78,063

9. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year - 2,250

Action Metals Limited (Registered number: 08567348)

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

9. Leasing agreements - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 3,774 -
Between one and five years 6,605 -
10,379 -

10. Provisions for liabilities
2024 2023
£    £   
Deferred tax 9,915 11,115

Deferred
tax
£   
Balance at 1 November 2023 11,115
Credit to Statement of Income and Retained Earnings during year (1,200 )
Balance at 31 October 2024 9,915

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
300 Ordinary shares. 1 300 300