Metallon (Derby) Limited - Filleted accounts

Registered number

03450576

Metallon (Derby) Limited

Filleted Accounts

30 November 2024

Metallon (Derby) Limited
Registered number:		03450576
Balance Sheet
as at 30 November 2024

Notes			2024			2023
£				£
Fixed assets
Intangible assets			-			-
Tangible assets	4		473,476			426,702
Investments			-			-
			473,476			426,702

Current assets
Stocks		85,954			97,922
Debtors	5	1,222,237			842,608
Investments held as current assets		-			-
Cash at bank and in hand		58,849			77,418
		1,367,040			1,017,948

Creditors: amounts falling due within one year	6	(1,005,868)			(698,923)

Net current assets			361,172			319,025

Total assets less current liabilities			834,648			745,727

Creditors: amounts falling due after more than one year	7		(157,083)			(157,435)

Provisions for liabilities	9		(117,514)			(105,552)


Net assets			560,051			482,740

Capital and reserves
Called up share capital	10		100			100
Share premium			-			-
Profit and loss account	11		559,951			482,640

Shareholders' funds			560,051		-	482,740	-

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




William C Legg
Director
Approved by the board on 23 August 2025

Metallon (Derby) Limited
Notes to the Accounts
for the year ended 30 November 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover represents net invoiced sales of goods and services, excluding value added tax

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			10% on cost
	Fixtures, fittings, tools and equipment			15% on reducing balance
	Motor vehicles			25% on reducing balance
	Computer equipment			33% on cost


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	The company operates defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to the profit and loss account in the period in which they relate



2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					18		18


3	Taxation

	Analysis of the tax charge
	The tax charge on the profit on ordinary activities for the year was as follows:
						2024		2023
£							£
	Current tax:
	UK corporation tax					32,700		37,040

	Deferred Tax					11,962		25,526

	Tax on profit on ordinary activities					44,662		62,566


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 December 2023	-		467,819		520,621		988,440
	Additions	-		2,356		163,304		165,660
	Surplus on revaluation	-		-		-		-
	Disposals	-		-		(92,524)		(92,524)
	At 30 November 2024	-		470,175		591,401		1,061,576

	Depreciation
	At 1 December 2023	-		307,441		331,679		639,120
	Charge for the year	-		17,552		8,523		26,075
	Surplus on revaluation	-		-		-		-
	On disposals	-		-		(77,095)		(77,095)
	At 30 November 2024	-		324,993		263,107		588,100

	Net book value
	At 30 November 2024	-		145,182		328,294		473,476
	At 30 November 2023	-		160,378		188,942		349,320