Company registration number 06349591 (England and Wales)
SALFORD METALS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
SALFORD METALS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
SALFORD METALS LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2025
31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
110,156
141,336
Investment properties
5
156,625
156,625
Investments
6
33,750
33,750
300,531
331,711
Current assets
Stock
28,726
29,662
Debtors
7
15,900
11,743
Cash at bank and in hand
19,867
15,408
64,493
56,813
Creditors: amounts falling due within one year
8
(240,313)
(223,910)
Net current liabilities
(175,820)
(167,097)
Total assets less current liabilities
124,711
164,614
Creditors: amounts falling due after more than one year
9
(21,292)
(47,935)
Provisions for liabilities
(16,236)
(23,310)
Net assets
87,183
93,369
Capital and reserves
Called up share capital
11
100
100
Profit and loss reserves
87,083
93,269
Total equity
87,183
93,369

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

SALFORD METALS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2025
31 October 2025
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 15 April 2026
Mrs S J Taroni
Director
Company Registration No. 06349591
SALFORD METALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 3 -
1
Accounting policies
Company information

Salford Metals Limited is a private company limited by shares incorporated in England and Wales. The registered office is 475 Lichfield Road, Aston, Birmingham, West Midlands, B6 7SP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Turnover

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

1.3
Intangible fixed assets - goodwill

Goodwill, which represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired, has been fully amortised.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
Fully depreciated
Plant and equipment
20% on reducing balance
Fixtures and fittings
15% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Fixed asset investments

Fixed asset investments are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

SALFORD METALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Stock

Stock is stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
4
SALFORD METALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 5 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 November 2024 and 31 October 2025
380,000
Amortisation and impairment
At 1 November 2024 and 31 October 2025
380,000
Carrying amount
At 31 October 2025
-
0
At 31 October 2024
-
0
4
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 November 2024
668
209,107
24,074
173,824
407,673
Additions
-
0
-
0
1,223
-
0
1,223
At 31 October 2025
668
209,107
25,297
173,824
408,896
Depreciation and impairment
At 1 November 2024
668
164,657
15,502
85,510
266,337
Depreciation charged in the year
-
0
8,891
1,433
22,079
32,403
At 31 October 2025
668
173,548
16,935
107,589
298,740
Carrying amount
At 31 October 2025
-
0
35,559
8,362
66,235
110,156
At 31 October 2024
-
0
44,450
8,572
88,314
141,336

Included in the total net book value carried forward are assets totalling £60,221 (2024 - £80,295) which are the subject of hire purchase agreements.

5
Investment property
2025
£
Fair value
At 1 November 2024 and 31 October 2025
156,625

The investment property having been purchased only two years ago, the directors are of the opinion that its fair value remains not materially different from its cost.

SALFORD METALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 6 -
6
Fixed asset investments
2025
2024
£
£
Other investments
33,750
33,750
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
8,766
-
0
Other debtors
7,134
11,743
15,900
11,743
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
6,162
10,261
Trade creditors
16,286
120,532
Taxation and social security
58,440
64,123
Other creditors
159,425
28,994
240,313
223,910
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
6,262
Other creditors
21,292
41,673
21,292
47,935
10
Loans and overdrafts
2025
2024
£
£
Bank loans
6,162
16,523
Payable within one year
6,162
10,261
Payable after one year
-
0
6,262
SALFORD METALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
10
Loans and overdrafts
(Continued)
- 7 -

The bank loan is underwritten by H M Government under the Bounce Back loans legislation.

Other creditors includes hire purchase loans totalling £41,673 (2024 - £60,253) which are secured upon the fixed assets being financed.

11
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100

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