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REGISTERED NUMBER: 03875713 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

STEEL FAB (UK) LIMITED

STEEL FAB (UK) LIMITED (REGISTERED NUMBER: 03875713)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STEEL FAB (UK) LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2023







DIRECTORS: Mr C Hindle
Mrs W Hindle





REGISTERED OFFICE: Steel Fab House
Bold Street
Preston
Lancashire
PR1 7NX





REGISTERED NUMBER: 03875713 (England and Wales)





ACCOUNTANTS: James Todd & Co
Greenbank House
141 Adelphi Street
Preston
Lancashire
PR1 7BH

STEEL FAB (UK) LIMITED (REGISTERED NUMBER: 03875713)

BALANCE SHEET
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 125,470 117,531

CURRENT ASSETS
Stocks 15,944 28,888
Debtors 5 28,831 78,938
Cash at bank and in hand 210,889 112,806
255,664 220,632
CREDITORS
Amounts falling due within one year 6 89,471 90,373
NET CURRENT ASSETS 166,193 130,259
TOTAL ASSETS LESS CURRENT
LIABILITIES

291,663

247,790

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 291,563 247,690
291,663 247,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:





Mr C Hindle - Director


STEEL FAB (UK) LIMITED (REGISTERED NUMBER: 03875713)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

Steel Fab (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

STEEL FAB (UK) LIMITED (REGISTERED NUMBER: 03875713)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 February 2022 37,562 464,618 80,720
Additions - 31,586 -
At 31 January 2023 37,562 496,204 80,720
DEPRECIATION
At 1 February 2022 - 411,527 74,461
Charge for year - 21,169 939
At 31 January 2023 - 432,696 75,400
NET BOOK VALUE
At 31 January 2023 37,562 63,508 5,320
At 31 January 2022 37,562 53,091 6,259

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2022 163,535 29,148 775,583
Additions - 4,822 36,408
At 31 January 2023 163,535 33,970 811,991
DEPRECIATION
At 1 February 2022 144,357 27,707 658,052
Charge for year 4,795 1,566 28,469
At 31 January 2023 149,152 29,273 686,521
NET BOOK VALUE
At 31 January 2023 14,383 4,697 125,470
At 31 January 2022 19,178 1,441 117,531

STEEL FAB (UK) LIMITED (REGISTERED NUMBER: 03875713)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 20,034 65,215
Other debtors - 7,278
Prepayments 8,797 6,445
28,831 78,938

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 55,686 74,707
Tax 15,248 7,672
Social security and other taxes 1,287 5,740
VAT 16,412 1,587
Directors' current accounts 838 667
89,471 90,373