2024-01-01 NI073817 2024-12-31 NI073817 2024-01-01 2024-12-31 NI073817 2023-12-31 NI073817 2023-01-01 2023-12-31 NI073817 uk-core:WithinOneYear 2023-12-31 NI073817 uk-core:WithinOneYear 2024-12-31 NI073817 uk-core:AfterOneYear 2023-12-31 NI073817 uk-core:AfterOneYear 2024-12-31 NI073817 uk-core:ShareCapital 2024-12-31 NI073817 uk-core:ShareCapital 2023-12-31 NI073817 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI073817 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI073817 uk-bus:Director1 2024-01-01 2024-12-31 NI073817 uk-core:Buildings 2024-01-01 2024-12-31 NI073817 uk-core:PlantMachinery 2024-01-01 2024-12-31 NI073817 uk-core:OfficeEquipment 2024-01-01 2024-12-31 NI073817 uk-core:CommercialMotorVehicles 2024-01-01 2024-12-31 NI073817 uk-core:FurnitureFittings 2024-01-01 2024-12-31 NI073817 uk-core:Goodwill 2023-12-31 NI073817 uk-core:Goodwill 2024-12-31 NI073817 uk-core:OfficeEquipment 2023-12-31 NI073817 uk-core:FurnitureFittings 2023-12-31 NI073817 uk-core:CommercialMotorVehicles 2023-12-31 NI073817 uk-core:PlantMachinery 2023-12-31 NI073817 uk-core:Buildings 2023-12-31 NI073817 uk-core:Buildings 2024-12-31 NI073817 uk-core:CommercialMotorVehicles 2024-12-31 NI073817 uk-core:FurnitureFittings 2024-12-31 NI073817 uk-core:OfficeEquipment 2024-12-31 NI073817 uk-core:PlantMachinery 2024-12-31 NI073817 uk-core:WithinOneYear 2024-12-31 NI073817 uk-core:WithinOneYear 2023-12-31 iso4217:GBP xbrli:pure NI073817 uk-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 NI073817 uk-bus:FRS102 2024-01-01 2024-12-31 NI073817 uk-bus:FilletedAccounts 2024-01-01 2024-12-31 NI073817 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31
Fleming Metal Recycling Limited
Registered Number:NI073817
For the year ended 31 December 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 December 2024
Fleming Metal Recycling Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
NI073817
As at 31 December 2024
Fleming Metal Recycling Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
691,934
737,916
3
691,934
737,916
Current assets
Inventories
708,180
872,072
4
Trade and other receivables
49,668
45,229
5
44,707
Cash and cash equivalents
73,959
991,260
802,555
Trade and other payables: amounts falling due within one
year
(264,939)
(278,082)
6
537,616
713,178
Net current assets
Total assets less current liabilities
1,405,112
1,275,532
Trade and other payables: amounts falling due after more
than one year
-
(130,000)
7
(131,692)
(108,253)
Provisions for liabilities
1,143,420
Net assets
1,167,279
Capital and reserves
Called up share capital
20
20
Retained earnings
1,143,400
1,167,259
1,143,420
1,167,279
Shareholders' funds
For the year ended 31 December 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 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 proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Thomas Kyle Fleming Director
These financial statements were approved and authorised for issue by the Board on 20 August 2025 and were signed by:
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4
Registered Number :
NI073817
For the year ended 31 December 2024
Fleming Metal Recycling Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 December 2024
Fleming Metal Recycling Limited
Notes to the Financial Statements
Statutory Information
Fleming Metal Recycling Limited is a private limited company, limited by shares, domiciled in Northern Ireland,
registration number NI073817.
Registered address:
21 Lissummon Road
Newry
Down
BT35 6NA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Buildings and Improvements
2% Straight line
Plant and Machinery
10% Reducing balance
25% Reducing balance
Computer Equipment
25% Reducing balance
Motor Vehicles
25% Reducing balance
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the year ended 31 December 2024
Fleming Metal Recycling Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 January 2024
213,750
At 31 December 2024
213,750
Amortisation
At 01 January 2024
213,750
At 31 December 2024
213,750
Net book value
At 31 December 2024
-
At 31 December 2023
-
3. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
Buildings and
Improvements
£
£
£
£
£
£
Cost or
valuation
At 01 January
2024
1,704,074
6,824
28,185
62,050
1,482,457
124,558
22,542
-
5,300
-
9,712
7,530
Additions
At 31 December
2024
132,088
62,050
33,485
6,824
1,726,616
1,492,169
Provision for depreciation and impairment
At 01 January
2024
966,158
1,706
24,249
58,674
877,679
3,850
Charge for year
68,524
1,280
2,309
844
61,449
2,642
At 31 December
2024
1,034,682
2,986
26,558
59,518
939,128
6,492
At 31 December
2024
Net book value
125,596
553,041
2,532
6,927
3,838
691,934
120,708
604,778
3,376
3,936
5,118
737,916
At 31 December
2023
4. Inventories
2023
2024
£
£
Stocks
872,072
708,180
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7
For the year ended 31 December 2024
Fleming Metal Recycling Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
40,184
12,348
Other debtors
5,045
37,320
49,668
45,229
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
75,334
-
Trade creditors
39,228
53,435
Taxation and social security
35,262
-
Other creditors
128,258
211,504
278,082
264,939
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
130,000
-
8. Average number of persons employed
During the year the average number of employees was 7 (2023 : 7)
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