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Company Registration No. 12944698 (England and Wales)
ROSS'S RECYCLED METALS LIMITED Unaudited accounts for the year ended 31 October 2024
ROSS'S RECYCLED METALS LIMITED Unaudited accounts Contents
Page
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ROSS'S RECYCLED METALS LIMITED Company Information for the year ended 31 October 2024
Director
Thomas Ross
Company Number
12944698 (England and Wales)
Registered Office
41 Seaton Close Gateshead Tyne and Wear NE10 8SF England
Accountants
Gina Caceres-Jimenez LONSDALE FINANCIAL LTD FIRST FLOOR, 10 FAIRFIELD TERRACE PELAW GATESHEAD Tyne and Wear NE10 0QR
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ROSS'S RECYCLED METALS LIMITED Accountants' report
Accountants' report to the director of ROSS'S RECYCLED METALS LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ROSS'S RECYCLED METALS LIMITED for the year ended 31 October 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ROSS'S RECYCLED METALS LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of ROSS'S RECYCLED METALS LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ROSS'S RECYCLED METALS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ROSS'S RECYCLED METALS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ROSS'S RECYCLED METALS LIMITED. You consider that ROSS'S RECYCLED METALS LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ROSS'S RECYCLED METALS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Gina Caceres-Jimenez LONSDALE FINANCIAL LTD FIRST FLOOR, 10 FAIRFIELD TERRACE PELAW GATESHEAD Tyne and Wear NE10 0QR 25 July 2025
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ROSS'S RECYCLED METALS LIMITED Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
32,692 
14,540 
Current assets
Debtors
3,448 
1,044 
Cash at bank and in hand
16,416 
21,874 
19,864 
22,918 
Creditors: amounts falling due within one year
(11,072)
(8,942)
Net current assets
8,792 
13,976 
Net assets
41,484 
28,516 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
41,483 
28,515 
Shareholders' funds
41,484 
28,516 
For the year ending 31 October 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 July 2025 and were signed on its behalf by
Thomas Ross Director Company Registration No. 12944698
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ROSS'S RECYCLED METALS LIMITED Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
ROSS'S RECYCLED METALS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12944698. The registered office is 41 Seaton Close, Gateshead, Tyne and Wear, NE10 8SF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives in the first complete year after purchase:
Plant & machinery
10% DIMINISHING BALANCE
Motor vehicles
10% DIMINISHING BALANCE
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted. Deferred tax assets encompass variation in expected Corporation tax expense and actual taking into consideration the above and accelerated capital allowances.
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ROSS'S RECYCLED METALS LIMITED Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
450 
16,100 
16,550 
Additions
745 
17,407 
18,152 
At 31 October 2024
1,195 
33,507 
34,702 
Depreciation
At 1 November 2023
90 
1,920 
2,010 
At 31 October 2024
90 
1,920 
2,010 
Net book value
At 31 October 2024
1,105 
31,587 
32,692 
At 31 October 2023
360 
14,180 
14,540 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
3,448 
1,044 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,350 
8,198 
Loans from directors
7,858 
- 
Accruals
864 
744 
11,072 
8,942 
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
(3,448)
(1,044)
2024 
2023 
£ 
£ 
Provision at start of year
(1,044)
- 
Credited to the profit and loss account
(2,404)
(1,044)
Provision at end of year
(3,448)
(1,044)
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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