Metal Works (GB) Ltd

Metal Works (GB) Ltd

METAL WORKS (GB) LTD - Company Information

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1 October 2022 false No description of principal activity Taxfiler 2024.3 09232579business:PrivateLimitedCompanyLtd2022-10-012023-09-30 092325792022-09-30 092325792022-10-012023-09-30 09232579business:AuditExempt-NoAccountantsReport2022-10-012023-09-30 09232579business:FilletedAccounts2022-10-012023-09-30 092325792023-09-30 09232579business:Director12022-10-012023-09-30 09232579business:Director22022-10-012023-09-30 09232579business:RegisteredOffice2022-10-012023-09-30 092325792022-09-30 09232579core:WithinOneYear2023-09-30 09232579core:WithinOneYear2022-09-30 09232579core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 09232579core:ShareCapitalcore:PreviouslyStatedAmount2022-09-30 09232579core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 09232579core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-09-30 09232579core:PreviouslyStatedAmount2023-09-30 09232579core:PreviouslyStatedAmount2022-09-30 09232579business:SmallEntities2022-10-012023-09-30 09232579countries:EnglandWales2022-10-012023-09-30 09232579core:PlantMachinery2022-10-012023-09-30 09232579core:PlantMachinery2022-09-30 09232579core:PlantMachinery2023-09-30 092325792021-10-012022-09-30 iso4217:GBP xbrli:pure
Company Registration No. 09232579 (England and Wales)
Metal Works (GB) Ltd Unaudited accounts for the year ended 30 September 2023
Metal Works (GB) Ltd Unaudited accounts Contents
Page
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Metal Works (GB) Ltd Company Information for the year ended 30 September 2023
Directors
M Mulley B Carney
Company Number
09232579 (England and Wales)
Registered Office
Unit M4, Kent Kraft Ind. Estate Northfleet Gravesend Kent DA11 9SR UK
Accountants
AK Tax & Accountancy Ltd Suite 1 Christchurch House Sir Thomas Longley Road Rochester Kent ME24FX
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Metal Works (GB) Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
5,374 
4,052 
Current assets
Inventories
67,353 
67,353 
Debtors
5
29,929 
31,032 
Cash at bank and in hand
11,358 
11,934 
108,640 
110,319 
Creditors: amounts falling due within one year
6
(55,989)
(64,904)
Net current assets
52,651 
45,415 
Net assets
58,025 
49,467 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
57,925 
49,367 
Shareholders' funds
58,025 
49,467 
For the year ending 30 September 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 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 18 June 2024 and were signed on its behalf by
M Mulley Director Company Registration No. 09232579
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Metal Works (GB) Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Metal Works (GB) Ltd is a private company, limited by shares, registered in England and Wales, registration number 09232579. The registered office is Unit M4, Kent Kraft Ind. Estate, Northfleet, Gravesend, Kent, DA11 9SR, UK.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25% on reducing balance basis
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2022
18,549 
Additions
3,113 
At 30 September 2023
21,662 
Depreciation
At 1 October 2022
14,497 
Charge for the year
1,791 
At 30 September 2023
16,288 
Net book value
At 30 September 2023
5,374 
At 30 September 2022
4,052 
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Metal Works (GB) Ltd Notes to the Accounts for the year ended 30 September 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,835 
19,918 
Accrued income and prepayments
3,255 
3,255 
Other debtors
8,839 
7,859 
29,929 
31,032 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
356 
9,572 
Other creditors
9,479 
9,178 
Loans from directors
15,024 
15,024 
Accruals
31,130 
31,130 
55,989 
64,904 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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