| Fleming Metal Recycling Limited |
| Registered Number:NI073817 |
For the year ended 31 December 2024
Northern Ireland
Unaudited Financial Statements
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
Fleming Metal Recycling Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
691,934
737,916
3
691,934
737,916
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
20
20
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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For the year ended 31 December 2024
Fleming Metal Recycling Limited
Statement of Financial Position Continued
| The notes form part of these financial statements |
2 of 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. |
21 Lissummon Road
Newry
Down
BT35 6NA
| The presentation currency is £ sterling. |
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
Plant and Machinery
Computer Equipment
Motor Vehicles
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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For the year ended 31 December 2024
Fleming Metal Recycling Limited
Notes to the Financial Statements Continued
| 2. Intangible fixed assets |
Goodwill
213,750
213,750
213,750
213,750
-
-
| 3. Property, plant and equipment |
| Buildings and |
| Improvements |
1,704,074
6,824
28,185
62,050
1,482,457
124,558
22,542
-
5,300
-
9,712
7,530
132,088
62,050
33,485
6,824
1,726,616
1,492,169
| Provision for depreciation and impairment |
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
1,034,682
2,986
26,558
59,518
939,128
6,492
125,596
553,041
2,532
6,927
3,838
691,934
120,708
604,778
3,376
3,936
5,118
737,916
2023
2024
872,072
708,180
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For the year ended 31 December 2024
Fleming Metal Recycling Limited
Notes to the Financial Statements Continued
| 5. Trade and other receivables |
2023
2024
40,184
12,348
5,045
37,320
49,668
45,229
| 6. Trade and other payables: amounts falling due within one year |
2023
2024
75,334
-
39,228
53,435
| Taxation and social security |
35,262
-
128,258
211,504
278,082
264,939
| 7. Trade and other payables: amounts falling due after more than one year |
2023
2024
130,000
-
| 8. Average number of persons employed |
During the year the average number of employees was 7 (2023 : 7)
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