Company Registration No. 8527927 (England and Wales)
A & E Metals Limited
Unaudited accounts
for the year ended 31 October 2022
A & E Metals Limited
Unaudited accounts
Contents
A & E Metals Limited
Company Information
for the year ended 31 October 2022
Directors
Mr A Darmody
Mrs C Darmody
Company Number
8527927 (England and Wales)
Registered Office
23 Birkett Drive
Ribbleton
Preston
PR2 6HE
A & E Metals Limited
Statement of financial position
as at
31 October 2022
Tangible assets
28,349
10,710
Cash at bank and in hand
43,506
42,069
Creditors: amounts falling due within one year
(103,841)
(76,483)
Net current liabilities
(58,863)
(33,084)
Net liabilities
(30,514)
(22,374)
Called up share capital
2
2
Profit and loss account
(30,516)
(22,376)
Shareholders' funds
(30,514)
(22,374)
For the year ending 31 October 2022 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 directors acknowledge their 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 of Directors and authorised for issue on 16 November 2022 and were signed on its behalf by
Mr A Darmody
Director
Company Registration No. 8527927
A & E Metals Limited
Notes to the Accounts
for the year ended 31 October 2022
A & E Metals Limited is a private company, limited by shares, registered in England and Wales, registration number 8527927. The registered office is 23 Birkett Drive, Ribbleton, Preston, PR2 6HE.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
25% of written down value
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2021
1,000
23,700
24,700
Additions
-
25,662
25,662
At 31 October 2022
1,000
49,362
50,362
At 1 November 2021
844
13,146
13,990
Charge for the year
39
7,984
8,023
At 31 October 2022
883
21,130
22,013
At 31 October 2022
117
28,232
28,349
At 31 October 2021
156
10,554
10,710
A & E Metals Limited
Notes to the Accounts
for the year ended 31 October 2022
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
37,948
43,144
Other creditors
24,507
1,024
Loans from directors
41,386
32,315
7
Share capital
2022
2021
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).