REGISTERED NUMBER: 08491761 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

J & S Metals Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Riley

Mrs S L Riley

REGISTERED OFFICE:

Selbys Yard

Sandtoft industrial Estate

Belton

DONCASTER

South Yorkshire

DN9 1PN

REGISTERED NUMBER:

08491761 (England and Wales)

ACCOUNTANTS:

Parkins Accountants Ltd

T/A, Parkins, Chartered Accountants

Moor Park House

Bawtry Rd

Wickersley

Rotherham

South Yorkshire

S66 2BL

FIXED ASSETS

Property, plant and equipment

4

858,069

787,452

CURRENT ASSETS

Inventories

5

3,579,241

3,704,241

Debtors

6

386,817

375,000

Cash at bank and in hand

6,625

16,769

3,972,683

4,096,010

CREDITORS

Amounts falling due within one year

7

1,620,345

1,724,915

NET CURRENT ASSETS

2,352,338

2,371,095

TOTAL ASSETS LESS CURRENT LIABILITIES

3,210,407

3,158,547

CREDITORS

Amounts falling due after more than one year

8

(22,610

)

(22,610

)

PROVISIONS FOR LIABILITIES

10

(162,807

)

(149,340

)

NET ASSETS

3,024,990

2,986,597

CAPITAL AND RESERVES

Called up share capital

11

2

2

Retained earnings

12

3,024,988

2,986,595

SHAREHOLDERS' FUNDS

3,024,990

2,986,597

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

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 8 June 2025 and were signed on its behalf by:

J Riley - Director

1.	STATUTORY INFORMATION

J & S Metals Ltd 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.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Closing stock

1. Trading Stock (Building Land and development )

The Company purchased Gleadalls Mill, The maltings, Station Road, Kirton Lindsey on 12th December 2014. The stock figure £86,665 represents the actual purchase price plus costs. The purchase being for subsequent re-sale and classed as Trading stock building land in the Accounts.(2022: £86,655)

The Company developed land at Belton Road, Sandtoft £193,584 (2022:£193,584). The costs are carried forward in trading stock against future sale proceeds.

2. Closing Stock (Scrap)

The Director estimates stock to be £2,450,000 valued at cost or net realizable value, which ever is the lower.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 14 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 May 2024

50,000

1,418,487

16,162

Additions

-

230,000

-

At 30 April 2025

50,000

1,648,487

16,162

DEPRECIATION

At 1 May 2024

-

839,051

8,967

Charge for year

-

121,416

1,080

At 30 April 2025

-

960,467

10,047

NET BOOK VALUE

At 30 April 2025

50,000

688,020

6,115

At 30 April 2024

50,000

579,436

7,195

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2024

333,293

10,055

1,827,997

Additions

-

1,348

231,348

At 30 April 2025

333,293

11,403

2,059,345

DEPRECIATION

At 1 May 2024

182,578

9,949

1,040,545

Charge for year

37,679

556

160,731

At 30 April 2025

220,257

10,505

1,201,276

NET BOOK VALUE

At 30 April 2025

113,036

898

858,069

At 30 April 2024

150,715

106

787,452

Included in cost of land and buildings is freehold land of £ 50,000 (2024 - £ 50,000 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 May 2024

and 30 April 2025

589,850

DEPRECIATION

At 1 May 2024

340,782

Charge for year

37,360

At 30 April 2025

378,142

NET BOOK VALUE

At 30 April 2025

211,708

At 30 April 2024

249,068

5.	INVENTORIES

2025

2024

£

£

Stocks

2,450,000

2,575,000

Stock Lane

1,129,241

1,129,241

3,579,241

3,704,241

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

8,617

-

Other debtors

378,200

375,000

386,817

375,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

9,998

9,998

Hire purchase contracts

-

33,194

Trade creditors

612,327

681,258

Tax

103,712

173,115

Social security and other taxes

43,324

14,933

VAT

184,865

132,675

Other creditors

440,836

340,056

Directors' current accounts

197,870

322,806

Accrued expenses

27,413

16,880

1,620,345

1,724,915

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

22,610

22,610

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

9,998

9,998

Amounts falling due between two and five years:

Bank loans - 2-5 years

22,610

22,610

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

162,807

149,340

Deferred

tax

£

Balance at 1 May 2024

149,340

Provided during year

13,467

Movement in year

Balance at 30 April 2025

162,807

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary A

£1

2

2

12.

RESERVES

Retained

earnings

£

At 1 May 2024

2,986,595

Profit for the year

38,393

At 30 April 2025

3,024,988

13.	ULTIMATE CONTROLLING PARTY

The controlling party is J Riley.

The ultimate controlling party is Mrs S L Riley.