Massey Metals Limited - Filleted accounts

Registered number

10300747

Massey Metals Limited

Filleted Accounts

31 August 2026

Massey Metals Limited
Registered number:		10300747
Balance Sheet
as at 31 August 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		446,843			503,039

Current assets
Stocks		16,000			22,500
Debtors	5	92,428			38,961
Cash at bank and in hand		352,187			83,780
		460,615			145,241

Creditors: amounts falling due within one year	6	(218,347)			(141,394)

Net current assets			242,268			3,847

Total assets less current liabilities			689,111			506,886


Provisions for liabilities			(29,125)			(39,399)


Net assets			659,986			467,487

Capital and reserves
Called up share capital			900			900
Profit and loss account			659,086			466,587

Shareholder's funds			659,986			467,487

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

D. Massey
Director
Approved by the board on 29 September 2026

Massey Metals Limited
Notes to the Accounts
for the year ended 31 August 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Property improvements			10% straight line
	Plant and machinery			20% straight line
	Motor Vehicles			10% straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					3		3


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 September 2025							5,000
	At 31 August 2026							5,000

	Amortisation
	At 1 September 2025							5,000
	At 31 August 2026							5,000

	Net book value
	At 31 August 2026							-



4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 September 2025	297,559		482,814		161,159		941,532
	Additions	-		21,370		33,990		55,360
	Disposals	-		-		(35,520)		(35,520)
	At 31 August 2026	297,559		504,184		159,629		961,372

	Depreciation
	At 1 September 2025	34,821		361,441		42,231		438,493
	Charge for the year	2,476		66,212		18,004		86,692
	On disposals	-		-		(10,656)		(10,656)
	At 31 August 2026	37,297		427,653		49,579		514,529

	Net book value
	At 31 August 2026	260,262		76,531		110,050		446,843
	At 31 August 2025	262,738		121,373		118,928		503,039


	Freehold land and buildings:					2026		2025
£							£
	Historical cost					260,262		260,262
	Cumulative depreciation based on historical cost					-		-
						260,262		260,262


5	Debtors					2026		2025
£							£

	Trade debtors					3,453		16,774
	Other debtors					88,975		22,187
						92,428		38,961


6	Creditors: amounts falling due within one year					2026		2025
£							£

	Trade creditors					-		4,756
	Taxation and social security costs					214,107		104,921
	Other creditors					4,240		31,717
						218,347		141,394


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	D. Massey
	Repayable on demand with no charge to interest	22,187		103,404		(36,616)		88,975

		22,187		103,404		(36,616)		88,975


8	Other information

	Massey Metals Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Facit Glen Industrial Estate
	River Lane
	Saltney
	Chester
	CH4 8RH