Metals & Alloys International Limited

	Page
Abridged Balance Sheet	1
Notes to the Abridged Financial Statements	2—5

1. General Information

Metals & Alloys International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15577893 . The registered office is Ennerdale Suite, Paragon House, Paragon Business Park, Chorley New Road, Bolton, Lancashire, BL6 6HG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 1 year.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are patents & trademarks. They are amortised to profit and loss account over their estimated economic life of 1 year.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	Full written off in year of acquisition
Computer Equipment	20% straight line

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable 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 company's liability for current tax is calculated using tax rates 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 generally recognised for all taxable timing differences. Deferred tax assets are generally 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 of 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 recovered.

...CONTINUED

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Metals & Alloys International Limited

Notes to the Abridged Financial Statements (continued)

For the Period 19 March 2024 to 31 December 2024

2.7. Taxation - continued

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 the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

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

3. Average Number of Employees

Average number of employees, including directors, during the period was: 3

4. Interest Payable and Similar Charges

	31 December 2024
	£
Interest payable to group undertakings	39,169
Other finance charges	27,420

	66,589

5. Intangible Assets

	Total
	£
Cost
As at 19 March 2024	-
Additions	6

As at 31 December 2024	6

Amortisation
As at 19 March 2024	-
Provided during the period	6

As at 31 December 2024	6

Net Book Value
As at 31 December 2024	-

As at 19 March 2024	-

6. Tangible Assets

	Total
	£
Cost
As at 19 March 2024	-
Additions	9,994

As at 31 December 2024	9,994

Depreciation
As at 19 March 2024	-
Provided during the period	1,974

As at 31 December 2024	1,974

...CONTINUED

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Metals & Alloys International Limited

Notes to the Abridged Financial Statements (continued)

For the Period 19 March 2024 to 31 December 2024

Net Book Value
As at 31 December 2024	8,020

As at 19 March 2024	-

7. Secured Creditors

Included within creditors at 31st December 2024 were amounts secured with a fixed and floating charge over the assets of the company.

	31 December 2024
	£
Bank loans and overdrafts	107,689

8. Provisions for Liabilities


	Deferred Tax	Total
	£	£
Additions	2,005	2,005

Balance at 31 December 2024	2,005	2,005

9. Share Capital

	31 December 2024
Allotted, called up and fully paid	£
1 Ordinary Shares of £ 1.00 each	1


Shares issued during the period:	£
1 Ordinary Shares of £ 1.00 each	1

The new share issued during the period was issued on incorporation of the company on 19th March 2024.

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	31 December 2024
	£
Not later than one year	34,544

	34,544

The operating leases relate to the rental of office premises.

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Metals & Alloys International Limited

Notes to the Abridged Financial Statements (continued)

For the Period 19 March 2024 to 31 December 2024

11. Related Party Transactions

As Metals & Alloys International Limited is a wholly owned subsidiary of FE Mottram Ltd, which is itself a wholly owned subsidiary of Comelog International NV, the directors have relied on paragraph 33.1A of FRS102 not to disclose related party transactions between the three companies in the period.

During the period to 31st December 2024, the company had related party transactions with the following group undertakings:

Sequoia Trading BVBA Sales £435,878

Metraco NV Sales £220,018

These transactions were at arms length and on full commercial terms.

At 31st December 2024 there was a trade debtor balance due to Metals & Alloys International Limited from Metraco NV of £234,665.

Metals & Alloys International Limited relies on the continuing support of its parent company FE Mottram Limited.

12. Ultimate Controlling Party

The company's immediate parent undertaking is FE Mottram Ltd. FE Mottram is a company incorporated in England & Wales and it owns 100% of the shares in Metals & Alloys International Limited. Group accounts are not prepared by FE Mottram Ltd as they are prepared by the ultimate parent company, Comelog International NV.

The company's ultimate parent undertaking is Comelog International NV. Comelog International NV was incorporated in Belgium. Copies of the group accounts may be obtained from the secretary at Comelog International NV's registered address, 8500, Kortrijk, Spinnerijkaai (Kor), 45, 203, Belgium. The untimate controlling party is Comelog International NV which controls 100% of the share capital of FE Mottram Ltd and, subsequently, 100% of the share capital of Metals & Alloys International Limited.

13. Change of Company Name

With effect from 31st May 2024, the name of the Company was changed from F E Mottram Metals Limited to Metals & Alloys International Limited.

14. Audit Information

The auditor's report on the accounts of Metals & Alloys International Limited for the period ended 31 December 2024 was unqualified.

Metals & Alloys International Limited has paid fees of £4,495 to Langers MN Limited in respect of the audit of the company for the period to 31st December 2024.

The auditor's report was signed by Mr Steven Nixon FCCA (Senior Statutory Auditor) for and on behalf of Langers MN Limited , Statutory Auditor.

Langers MN Limited

Chartered Certified Accountand & Statutory Auditor

8 - 10 Gatley Road

Cheadle

Cheshire

SK8 1PY

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		31 December 2024
	Notes	£	£
FIXED ASSETS
Tangible Assets	6		8,020

			8,020
CURRENT ASSETS
Stocks		2,121,446
Debtors		1,446,576
Cash at bank and in hand		104,897

		3,672,919
Creditors: Amounts Falling Due Within One Year		(4,243,871 )

NET CURRENT ASSETS (LIABILITIES)			(570,952 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(562,932 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,005 )

NET LIABILITIES			(564,937 )

CAPITAL AND RESERVES
Called up share capital	9		1
Profit and Loss Account			(564,938 )

SHAREHOLDERS' FUNDS			(564,937)

Mr Erwin Debaere Director	Mr Graham Mee Director
20 August 2025