Steel Erecting Services Limited - Accounts to registrar (filleted) - small 23.2.5
Steel Erecting Services Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 28 February 2023 |
| for |
| STEEL ERECTING SERVICES LIMITED |
| STEEL ERECTING SERVICES LIMITED (REGISTERED NUMBER: 04993918) |
| Contents of the Financial Statements |
| for the year ended 28 February 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| STEEL ERECTING SERVICES LIMITED |
| Company Information |
| for the year ended 28 February 2023 |
| Director: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| Northside House |
| 69 Tweedy Road |
| Bromley |
| Kent |
| BR1 3WA |
| STEEL ERECTING SERVICES LIMITED (REGISTERED NUMBER: 04993918) |
| Balance Sheet |
| 28 February 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Current assets |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| Provisions for liabilities | 9 | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Retained earnings |
| Shareholders' funds |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps 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 Sections 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. |
| STEEL ERECTING SERVICES LIMITED (REGISTERED NUMBER: 04993918) |
| Balance Sheet - continued |
| 28 February 2023 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| STEEL ERECTING SERVICES LIMITED (REGISTERED NUMBER: 04993918) |
| Notes to the Financial Statements |
| for the year ended 28 February 2023 |
| 1. | Statutory information |
| Steel Erecting Services Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Key source of estimation, uncertainty and judgement |
| The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period. |
| There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Goodwill |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| STEEL ERECTING SERVICES LIMITED (REGISTERED NUMBER: 04993918) |
| Notes to the Financial Statements - continued |
| for the year ended 28 February 2023 |
| 2. | Accounting policies - continued |
| Financial instruments |
| Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
| Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. |
| Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts. |
| Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Intangible fixed assets |
| Goodwill |
| £ |
| Cost |
| At 1 March 2022 |
| and 28 February 2023 |
| Amortisation |
| At 1 March 2022 |
| and 28 February 2023 |
| Net book value |
| At 28 February 2023 |
| At 28 February 2022 |
| STEEL ERECTING SERVICES LIMITED (REGISTERED NUMBER: 04993918) |
| Notes to the Financial Statements - continued |
| for the year ended 28 February 2023 |
| 5. | Tangible fixed assets |
| Fixtures |
| Plant and | and |
| machinery | fittings | Totals |
| £ | £ | £ |
| Cost |
| At 1 March 2022 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 28 February 2023 |
| Depreciation |
| At 1 March 2022 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 28 February 2023 |
| Net book value |
| At 28 February 2023 |
| At 28 February 2022 |
| 6. | Debtors: amounts falling due within one year |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | Creditors: amounts falling due within one year |
| 2023 | 2022 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | Creditors: amounts falling due after more than one year |
| 2023 | 2022 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| STEEL ERECTING SERVICES LIMITED (REGISTERED NUMBER: 04993918) |
| Notes to the Financial Statements - continued |
| for the year ended 28 February 2023 |
| 9. | Provisions for liabilities |
| 2023 | 2022 |
| £ | £ |
| Deferred tax | 12,690 | - |
| Deferred tax |
| £ |
| Provided during year |
| Balance at 28 February 2023 |
| 10. | Director's advances, credits and guarantees |
| During the year a director operated an overdrawn current account which constitutes an advance by the company. Further advances during the year amounted to £41,787 and repayment of £62,600 were made. The balance on the current account as at 28 February 2023 was £29,240. Interest is charged on this at a rate of 2.5% per annum. The loan is unsecured and repayable on demand. |