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REGISTERED NUMBER: 01060384 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Market Metals Limited

Market Metals Limited (Registered number: 01060384)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Market Metals Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M Beukers
G Lawrence





REGISTERED OFFICE: Unit 22a
Jubilee Trade Centre
Jubilee Road
Letchworth
Hertfordshire
SG6 1SP





REGISTERED NUMBER: 01060384 (England and Wales)





ACCOUNTANTS: Henderson & Company
73 Union Street
Greenock
Renfrewshire
PA16 8BG

Market Metals Limited (Registered number: 01060384)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 379,946 380,176

CURRENT ASSETS
Stocks 455,917 441,663
Debtors 5 357,126 445,705
Cash at bank 26,509 51,159
839,552 938,527
CREDITORS
Amounts falling due within one year 6 217,200 351,331
NET CURRENT ASSETS 622,352 587,196
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,002,298

967,372

CREDITORS
Amounts falling due after more than one
year

7

(159,092

)

(170,119

)

PROVISIONS FOR LIABILITIES (8,899 ) (9,865 )
NET ASSETS 834,307 787,388

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Retained earnings 833,107 786,188
SHAREHOLDERS' FUNDS 834,307 787,388

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

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 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.

Market Metals Limited (Registered number: 01060384)

Balance Sheet - continued
31 December 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2025 and were signed on its behalf by:





M Beukers - Director


Market Metals Limited (Registered number: 01060384)

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

1. STATUTORY INFORMATION

Market 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets
Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over their expected useful lives as follows:

Plant and Machinery - 15% on reducing balance
Fixtures and Fittings - 15% on reducing balance
Motor Vehicles - 20% on reducing balance
Land & Buildings - 2% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate or if there is an indication of significant change since the last reporting date.

Stocks
Stocks are stated at the lower of cost and estimated selling price. Cost includes all costs of purchase and other costs incurred in bringing the stock to its present location and condition.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amounts of any write downs to stock to net realisable value and all losses of stocks are recognised as an expense in the period in which the write down or loss occurs.


Market Metals Limited (Registered number: 01060384)

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

2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The liability for current tax is calculated using tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are recognised for all taxable timing differences. Deferred tax assets are recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount for deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recoverd.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or asset realised, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense when they are due. The assets of the plan are held separately from the company in independently administered funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

Market Metals Limited (Registered number: 01060384)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 370,821 123,059 97,608
Additions 11,275 4,339 -
At 31 December 2024 382,096 127,398 97,608
DEPRECIATION
At 1 January 2024 30,104 103,832 93,242
Charge for year 7,642 3,535 655
At 31 December 2024 37,746 107,367 93,897
NET BOOK VALUE
At 31 December 2024 344,350 20,031 3,711
At 31 December 2023 340,717 19,227 4,366

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 13,995 20,542 626,025
Additions - - 15,614
At 31 December 2024 13,995 20,542 641,639
DEPRECIATION
At 1 January 2024 1,768 16,903 245,849
Charge for year 2,799 1,213 15,844
At 31 December 2024 4,567 18,116 261,693
NET BOOK VALUE
At 31 December 2024 9,428 2,426 379,946
At 31 December 2023 12,227 3,639 380,176


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 306,173 435,641
Amounts owed by group undertakings 40,015 -
Other debtors 10,938 10,064
357,126 445,705

Market Metals Limited (Registered number: 01060384)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,220 12,220
Trade creditors 117,099 195,645
Taxation and social security 64,033 133,274
Other creditors 23,848 10,192
217,200 351,331

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 159,092 170,119

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 110,212 121,239

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 171,312 182,339

The bank has a legal charge over the company's premises and a fixed and floating charges over the undertaking and all property and assets present and future.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 December 2024 the company owed M Beukers, director, £12,560 (2023 - £Nil).This is an interest free loan with no fixed repayment date.

10. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Market Metals BV, a company registered in the Netherlands. Marco Beukers has a controlling interest in this company and he is therefore the ultimate controlling party.