Company Registration No. 08977606 (England and Wales)
LOCAL METAL RECYCLING LIMITED
Unaudited accounts
for the year ended 30 April 2023
LOCAL METAL RECYCLING LIMITED
Unaudited accounts
Contents
LOCAL METAL RECYCLING LIMITED
Company Information
for the year ended 30 April 2023
Director
Mr. Joseph Krupski
Company Number
08977606 (England and Wales)
Registered Office
Unit 12, Bizspace Business Park
Kings Road
Tyseley
Birmingham, England
B11 2AL
United Kingdom
Accountants
G&S ACCOUNTANTS LIMITED
First Floor, Victoria House
Victoria Street
High Wycombe, Bucks
England, United Kingdom
HP11 2LU
LOCAL METAL RECYCLING LIMITED
Accountants' report
Accountants' report to the director of LOCAL METAL RECYCLING LIMITED on the preparation of the unaudited statutory accounts for the year ended 30 April 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
LOCAL METAL RECYCLING LIMITED for the year ended
30 April 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of LOCAL METAL RECYCLING LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of LOCAL METAL RECYCLING LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LOCAL METAL RECYCLING LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that LOCAL METAL RECYCLING LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of LOCAL METAL RECYCLING LIMITED. You consider that LOCAL METAL RECYCLING LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of LOCAL METAL RECYCLING LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
G&S ACCOUNTANTS LIMITED
First Floor, Victoria House
Victoria Street
High Wycombe, Bucks
England, United Kingdom
HP11 2LU
25 January 2024
LOCAL METAL RECYCLING LIMITED
Statement of financial position
as at 30 April 2023
Tangible assets
33,445
37,232
Cash at bank and in hand
38,470
68,575
Creditors: amounts falling due within one year
(171)
(7,963)
Net current assets
38,299
60,612
Total assets less current liabilities
71,744
97,844
Creditors: amounts falling due after more than one year
(34,512)
(39,012)
Called up share capital
1
1
Profit and loss account
37,231
58,831
Shareholders' funds
37,232
58,832
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 January 2024 and were signed on its behalf by
Mr. Joseph Krupski
Director
Company Registration No. 08977606
LOCAL METAL RECYCLING LIMITED
Notes to the Accounts
for the year ended 30 April 2023
LOCAL METAL RECYCLING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08977606. The registered office is Unit 12, Bizspace Business Park , Kings Road, Tyseley, Birmingham, England, B11 2AL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2022
48,137
1,550
49,687
At 30 April 2023
48,137
1,550
49,687
At 1 May 2022
11,540
915
12,455
Charge for the year
3,660
127
3,787
At 30 April 2023
15,200
1,042
16,242
At 30 April 2023
32,937
508
33,445
At 30 April 2022
36,597
635
37,232
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
7,963
LOCAL METAL RECYCLING LIMITED
Notes to the Accounts
for the year ended 30 April 2023
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).