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PRECIOUS METAL LOGISTICS LTD - Company Information

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2022-08-01 08604851 2023-07-31 08604851 2022-08-01 2023-07-31 08604851 2022-07-31 08604851 2021-08-01 2022-07-31 08604851 uk-core:WithinOneYear 2022-07-31 08604851 uk-core:WithinOneYear 2023-07-31 08604851 uk-core:AfterOneYear 2022-07-31 08604851 uk-core:AfterOneYear 2023-07-31 08604851 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 08604851 uk-core:RetainedEarningsAccumulatedLosses 2022-07-31 08604851 uk-bus:Director1 2022-08-01 2023-07-31 08604851 uk-core:PlantMachinery 2022-08-01 2023-07-31 08604851 uk-core:Vehicles 2022-08-01 2023-07-31 08604851 uk-core:Vehicles 2022-07-31 08604851 uk-core:PlantMachinery 2022-07-31 08604851 uk-core:PlantMachinery 2023-07-31 08604851 uk-core:Vehicles 2023-07-31 iso4217:GBP xbrli:pure 08604851 uk-bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 08604851 uk-bus:FRS102 2022-08-01 2023-07-31 08604851 uk-bus:FilletedAccounts 2022-08-01 2023-07-31 08604851 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31
PRECIOUS METAL LOGISTICS LTD
Registered Number:08604851
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2023
PRECIOUS METAL LOGISTICS LTD
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
08604851
As at 31 July 2023
PRECIOUS METAL LOGISTICS LTD
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
9,924
12,101
2
9,924
12,101
Current assets
Trade and other receivables
8,969
-
3
3,034
Cash and cash equivalents
2,512
2,512
12,003
Trade and other payables: amounts falling due within one
year
(150)
(150)
4
11,853
2,362
Net current assets
Total assets less current liabilities
12,286
23,954
Trade and other payables: amounts falling due after more
than one year
(84,105)
(76,962)
5
(64,676)
Net liabilities
(60,151)
Capital and reserves
Retained earnings
(64,676)
(60,151)
(64,676)
(60,151)
Shareholders' funds
For the year ended 31 July 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 of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
MR RICHARD NOBLE Director
These financial statements were approved and authorised for issue by the Board on 28 March 2024 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 July 2023
PRECIOUS METAL LOGISTICS LTD
Notes to the Financial Statements
Statutory Information
PRECIOUS METAL LOGISTICS LTD is a private limited company, limited by shares, domiciled in England and Wales,
registration number 08604851.
Registered address:
11 CHAPEL ROAD
PENDERYN
ABERDARE
CF44 9JS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
25% Reducing balance
Motor vehicles
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 August 2022
32,327
27,118
5,209
At 31 July 2023
5,209
27,118
32,327
Provision for depreciation and impairment
At 01 August 2022
20,226
15,748
4,478
Charge for year
2,177
2,046
131
At 31 July 2023
22,403
17,794
4,609
At 31 July 2023
Net book value
600
9,324
9,924
At 31 July 2022
731
11,370
12,101
2 of 3
5
For the year ended 31 July 2023
PRECIOUS METAL LOGISTICS LTD
Notes to the Financial Statements Continued
3. Trade and other receivables
2022
2023
£
£
Trade debtors
-
8,969
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
150
150
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
76,962
84,105
6. Average number of persons employed
During the year the average number of employees was 0
3 of 3