REGISTERED NUMBER: 05215639 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

IG METAL RECYCLING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A Rakheja

Mr P S Koranga

Ms R Kabad

Ms N C Mehta

REGISTERED OFFICE:

1 Doughty Street

London

WC1N 2PH

REGISTERED NUMBER:

05215639 (England and Wales)

FIXED ASSETS

Tangible assets

4

43,515

24,045

CURRENT ASSETS

Stocks

6,950

492,063

Debtors

5

804,937

690,644

Cash at bank and in hand

134,602

131,530

946,489

1,314,237

CREDITORS

Amounts falling due within one year

6

915,275

1,269,838

NET CURRENT ASSETS

31,214

44,399

TOTAL ASSETS LESS CURRENT LIABILITIES

74,729

68,444

CAPITAL AND RESERVES

Called up share capital

7

10,000

10,000

Retained earnings

64,729

58,444

SHAREHOLDERS' FUNDS

74,729

68,444

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 12th May 2026 and were signed on its behalf by:

Mr A Rakheja - Director

1.	STATUTORY INFORMATION

IG Metal Recycling Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05215639 and registered office address is 1 Doughty Street, London, WC1N 2PH.

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.

Turnover

Turnover represents sales of goods net of VAT. Turnover is recognised when the container of goods is sealed at the yard. The company earned commission income from sale of scrap metal for exports. This is included in '' Other Operating Income''.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2025

218,032

Additions

29,985

Disposals

(40,441

)

At 31st December 2025

207,576

DEPRECIATION

At 1st January 2025

193,987

Charge for year

10,515

Eliminated on disposal

(40,441

)

At 31st December 2025

164,061

NET BOOK VALUE

At 31st December 2025

43,515

At 31st December 2024

24,045

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

326,172

263,883

Other debtors

478,765

426,761

804,937

690,644

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

890,943

1,022,491

Taxation and social security

-

11,424

Other creditors

24,332

235,923

915,275

1,269,838

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10,000

Ordinary

£1

10,000

10,000

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by the shareholders.