Caseware UK (AP4) 2024.0.164 2024.0.164 2025-05-31 2025-05-31 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-06-01 false false Metal trader 2 2 true false 13424114 2024-06-01 2025-05-31 13424114 2023-06-01 2024-05-31 13424114 2025-05-31 13424114 2024-05-31 13424114 c:Director1 2024-06-01 2025-05-31 13424114 d:MotorVehicles 2024-06-01 2025-05-31 13424114 d:MotorVehicles 2025-05-31 13424114 d:MotorVehicles 2024-05-31 13424114 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 13424114 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-06-01 2025-05-31 13424114 d:FurnitureFittings 2024-06-01 2025-05-31 13424114 d:FurnitureFittings 2025-05-31 13424114 d:FurnitureFittings 2024-05-31 13424114 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 13424114 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2024-06-01 2025-05-31 13424114 d:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 13424114 d:LeasedAssetsHeldAsLessee 2024-06-01 2025-05-31 13424114 d:CurrentFinancialInstruments 2025-05-31 13424114 d:CurrentFinancialInstruments 2024-05-31 13424114 d:Non-currentFinancialInstruments 2025-05-31 13424114 d:Non-currentFinancialInstruments 2024-05-31 13424114 d:CurrentFinancialInstruments d:WithinOneYear 2025-05-31 13424114 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 13424114 d:Non-currentFinancialInstruments d:AfterOneYear 2025-05-31 13424114 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 13424114 d:ShareCapital 2025-05-31 13424114 d:ShareCapital 2024-05-31 13424114 d:RetainedEarningsAccumulatedLosses 2025-05-31 13424114 d:RetainedEarningsAccumulatedLosses 2024-05-31 13424114 d:AcceleratedTaxDepreciationDeferredTax 2025-05-31 13424114 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 13424114 c:OrdinaryShareClass1 2024-06-01 2025-05-31 13424114 c:OrdinaryShareClass1 2025-05-31 13424114 c:OrdinaryShareClass1 2024-05-31 13424114 c:OrdinaryShareClass2 2024-06-01 2025-05-31 13424114 c:OrdinaryShareClass2 2025-05-31 13424114 c:OrdinaryShareClass2 2024-05-31 13424114 c:FRS102 2024-06-01 2025-05-31 13424114 c:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 13424114 c:FullAccounts 2024-06-01 2025-05-31 13424114 c:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 13424114 2 2024-06-01 2025-05-31 13424114 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2025-05-31 13424114 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-05-31 13424114 e:PoundSterling 2024-06-01 2025-05-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13424114 J&L METAL TRADING LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
J&L METAL TRADING LIMITED CONTENTS
| Page
Statement of Financial Position | 1 - 2
Notes to the Financial Statements | 3 - 7
J&L METAL TRADING LIMITED REGISTERED NUMBER: 13424114 STATEMENT OF FINANCIAL POSITION AS AT 31 MAY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 29,067 |  | 38,698
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 81,286 |  | 35,579 |
Bank and cash balances |  | 136,481 |  | 45,582 |
|  | 217,767 |  | 81,161 |
Current liabilities |  |  |  |  |
Creditors: amounts falling due within one year | 6 | (103,353) |  | (48,073) |
Net current assets |  |  | 114,414 |  | 33,088
Total assets less current liabilities |  |  | 143,481 |  | 71,786
Creditors: amounts falling due after more than one year | 7 |  | (32,018) |  | (38,290)
Provisions for liabilities |  |  |  |  |
Deferred tax | 8 |  | (7,267) |  | (9,675)
Net assets |  |  | 104,196 |  | 23,821
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 200 |  | 200
Profit and loss account |  |  | 103,996 |  | 23,621
|  |  | 104,196 |  | 23,821
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. Page 1
J&L METAL TRADING LIMITED REGISTERED NUMBER: 13424114 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MAY 2025 The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 December 2025.
J Symons
Director
The notes on pages 3 to 7 form part of these financial statements. Page 2
J&L METAL TRADING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
1. | General information
J&L Metal Trading Limited is a private limited liability company incorporated in England & Wales, with its registered office address at 56 Galley Lane, Barnet, London, EN5 4AL2. The principal activity of the Company continued to be that of a sales commission agency. The Company's functional and presentational currency is £ Sterling. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Revenue
Turnover comprises sales commissions received, exclusive of Value Added Tax. Revenue is recognised in the period in which its earned.
| 2.3 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Page 3
J&L METAL TRADING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 2.Accounting policies (continued)
| 2.5 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.6 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Motor vehicles | - | 25% |
|  |  |  | Fixtures and equipment | - | 20% |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.7 | Debtors
Short-term debtors are measured at the transaction price. Page 4
J&L METAL TRADING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 2.Accounting policies (continued)
| 2.8 | Creditors
Short-term creditors are measured at the transaction price.
| 2.9 | Dividends
Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
4. | Tangible fixed assets
|  | Motor vehicles | Fixtures and equipment | Total
|  | £ | £ | £
| Cost |  |  |
| At 1 June 2024 | 52,635 | 999 | 53,634
| At 31 May 2025 | 52,635 | 999 | 53,634
| Depreciation |  |  |
| At 1 June 2024 | 14,803 | 133 | 14,936
| Charge for the year on owned assets | - | 173 | 173
| Charge for the year on financed assets | 9,458 | - | 9,458
| At 31 May 2025 | 24,261 | 306 | 24,567
| Net book value |  |  |
| At 31 May 2025 | 28,374 | 693 | 29,067
| At 31 May 2024 | 37,832 | 866 | 38,698
| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
Page 5
J&L METAL TRADING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 4.Tangible fixed assets (continued)
| Motor vehicles | 28,374 | 37,832
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 81,286 | 35,579
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Taxation and social security | 78,936 | 34,105
| Obligations under finance lease and hire purchase contracts | 5,146 | 4,021
| Accruals and deferred income | 19,271 | 9,947
|  | 103,353 | 48,073
7. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Net obligations under finance leases and hire purchase contracts | 32,018 | 38,290
8. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | 9,675
| Released to profit or loss | (2,408)
| At end of year | 7,267
Page 6
J&L METAL TRADING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 8.Deferred taxation (continued)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | 7,267 | 9,675
9. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2024 - 100) Ordinary A shares of £1.00 each | 100 | 100
|  | 100 (2024 - 100) Ordinary B shares of £1.00 each | 100 | 100
|  |  | 200 | 200
10. | Related party transactions
| During the year the Company made various advances to the director of the Company. At the Statement of Financial Position date the amount outstanding was £81,286 (2024 - £35,580). Interest has been charged at the official HMRC rate.
Page 7