Relate AccountsProduction v2.5.2 v2.5.2 2021-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the manufacture and sale of portable steel buildings. 11 May 2022 NI634554 2022-03-31 NI634554 2021-03-31 NI634554 2020-03-31 NI634554 2021-04-01 2022-03-31 NI634554 2020-04-01 2021-03-31 NI634554 uk-bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 NI634554 uk-bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 NI634554 uk-bus:AbridgedAccounts 2021-04-01 2022-03-31 NI634554 uk-core:ShareCapital 2022-03-31 NI634554 uk-core:ShareCapital 2021-03-31 NI634554 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 NI634554 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 NI634554 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-03-31 NI634554 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2021-03-31 NI634554 uk-bus:FRS102 2021-04-01 2022-03-31 NI634554 uk-core:PlantMachinery 2021-04-01 2022-03-31 NI634554 uk-core:FurnitureFittingsToolsEquipment 2021-04-01 2022-03-31 NI634554 uk-core:MotorVehicles 2021-04-01 2022-03-31 NI634554 2021-04-01 2022-03-31 NI634554 uk-bus:Director1 2021-04-01 2022-03-31 NI634554 uk-bus:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI634554
 
 
Abtech Steel Buildings Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 March 2022
Abtech Steel Buildings Limited
Company Registration Number: NI634554
ABRIDGED BALANCE SHEET
as at 31 March 2022

2022 2021
Notes £ £
 
Fixed Assets
Tangible assets 5 155,365 134,960
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Current Assets
Stocks 113,835 59,393
Debtors 36,893 45,968
Cash and cash equivalents 110,983 95,864
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261,711 201,225
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Creditors: amounts falling due within one year (63,176) (58,491)
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Net Current Assets 198,535 142,734
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Total Assets less Current Liabilities 353,900 277,694
 
Creditors:
amounts falling due after more than one year (121,371) (129,054)
 
Government grants (1,716) (2,145)
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Net Assets 230,813 146,495
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Capital and Reserves
Called up share capital 100 100
Retained earnings 230,713 146,395
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Equity attributable to owners of the company 230,813 146,495
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The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
           
For the financial year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 11 May 2022 and signed on its behalf by
           
________________________________          
Mrs. Brenda Mulgrew          
Director          
           



Abtech Steel Buildings Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 March 2022

   
1. General Information
 
Abtech Steel Buildings Limited is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 48 Aghnagar Road, Ballygawley, Co Tyrone, BT70 2HR, Northern Ireland which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 March 2022 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 10% Reducing balance
  Fixtures, fittings and equipment - 20% Reducing balance
  Motor vehicles - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Going concern
 
The company accounts are produced on the going concern basis.  The company was impacted during the year due to the global coronavirus pandemic. However with government support together with the directors' continued support, the company is well placed to trade successfully post the pandemic.
       
4. Employees
 
The average monthly number of employees, including directors, during the financial year was 6, (2021 - 5).
 
  2022 2021
  Number Number
 
Cost of sales 3 3
Administrative 3 2
  ───────── ─────────
  6 5
  ═════════ ═════════
           
5. Tangible assets
  Plant and Fixtures, Motor Total
  machinery fittings and vehicles  
    equipment    
  £ £ £ £
Cost
At 1 April 2021 155,536 7,729 22,550 185,815
Additions 37,842 1,865 - 39,707
  ───────── ───────── ───────── ─────────
At 31 March 2022 193,378 9,594 22,550 225,522
  ───────── ───────── ───────── ─────────
Depreciation
At 1 April 2021 39,498 599 10,758 50,855
Charge for the financial year 13,179 1,613 4,510 19,302
  ───────── ───────── ───────── ─────────
At 31 March 2022 52,677 2,212 15,268 70,157
  ───────── ───────── ───────── ─────────
Net book value
At 31 March 2022 140,701 7,382 7,282 155,365
  ═════════ ═════════ ═════════ ═════════
At 31 March 2021 116,038 7,130 11,792 134,960
  ═════════ ═════════ ═════════ ═════════
       
6. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 March 2022.
   
7. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.