Company registration number 02762719 (England and Wales)
MILLTHORPE METALS RECYCLING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
MILLTHORPE METALS RECYCLING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
MILLTHORPE METALS RECYCLING LIMITED
BALANCE SHEET
AS AT
30 AUGUST 2025
30 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
239,876
215,537
Current assets
Stocks
15,860
13,460
Debtors
4
98,184
89,332
Cash at bank and in hand
72,806
118,058
186,850
220,850
Creditors: amounts falling due within one year
5
(126,611)
(113,779)
Net current assets
60,239
107,071
Total assets less current liabilities
300,115
322,608
Creditors: amounts falling due after more than one year
6
(28,800)
-
0
Provisions for liabilities
(51,333)
(44,697)
Net assets
219,982
277,911
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
219,782
277,711
Total equity
219,982
277,911
MILLTHORPE METALS RECYCLING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 AUGUST 2025
30 August 2025
- 2 -

For the financial year ended 30 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

The financial statements were approved by the board of directors and authorised for issue on 21 August 2026 and are signed on its behalf by:
A J Brown
Director
Company registration number 02762719 (England and Wales)
MILLTHORPE METALS RECYCLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2025
- 3 -
1
Accounting policies
Company information

Millthorpe Metals Recycling Limited is a private company limited by shares incorporated in England and Wales. The registered office is 80 Tyler Street, Wincobank, Sheffield, South Yorkshire, United Kingdom, S9 1DH.

1.1
Basis of preparation

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. The principal accounting policies adopted are set out below.

1.2
Revenue

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

1.3
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:

Plant and equipment
10% Straight Line
Fixtures and fittings
10% Straight Line
Motor vehicles
25% Reducing Balance
1.4
Stocks

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

1.5
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.

MILLTHORPE METALS RECYCLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -
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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Pension costs and other post-retirement benefits

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

1.7
Leases
As lessee

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.

1.8
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

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

2025
2024
Number
Number
Total
7
7
MILLTHORPE METALS RECYCLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 AUGUST 2025
- 5 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 31 August 2024
574,905
Additions
82,413
Disposals
(10,417)
At 30 August 2025
646,901
Depreciation and impairment
At 31 August 2024
358,367
Depreciation charged in the year
54,711
Eliminated in respect of disposals
(6,053)
At 30 August 2025
407,025
Carrying amount
At 30 August 2025
239,876
At 30 August 2024
215,537

The net carrying amount includes the following amount in respect of assets held under finance leases and hire purchase contracts:

2025 2024

£ £

Motor vehicles 45,042 -

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
30,498
30,560
Other debtors
67,686
58,772
98,184
89,332
MILLTHORPE METALS RECYCLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 AUGUST 2025
- 6 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
11,275
163
Corporation tax
21,719
33,778
Other taxation and social security
36,961
43,477
Other creditors
56,656
36,361
126,611
113,779
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
28,800
-
0
7
Related party transactions

During the year, the company made an interest free loan to shareholder T Brown totalling £67,686 (2024: £58,772) which is repayable on demand.

2025-08-30 2024-08-31 false false false 21 August 2026 CCH Software CCH Accounts Production 2026.200 The principal activity continued to be that of metal recycling.
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