3 30/04/2023 2023-04-30 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-05-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 1199594 2022-05-01 2023-04-30 1199594 2023-04-30 1199594 2022-04-30 1199594 2021-05-01 2022-04-30 1199594 2022-04-30 1199594 core:PlantMachinery 2022-05-01 2023-04-30 1199594 core:FurnitureFittingsToolsEquipment 2022-05-01 2023-04-30 1199594 core:MotorVehicles 2022-05-01 2023-04-30 1199594 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 1199594 bus:Director1 2022-05-01 2023-04-30 1199594 core:LandBuildings core:OwnedOrFreeholdAssets 2022-04-30 1199594 core:PlantMachinery 2022-04-30 1199594 core:FurnitureFittingsToolsEquipment 2022-04-30 1199594 core:MotorVehicles 2022-04-30 1199594 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-30 1199594 core:PlantMachinery 2023-04-30 1199594 core:FurnitureFittingsToolsEquipment 2023-04-30 1199594 core:MotorVehicles 2023-04-30 1199594 core:WithinOneYear 2023-04-30 1199594 core:WithinOneYear 2022-04-30 1199594 core:AfterOneYear 2023-04-30 1199594 core:ShareCapital 2023-04-30 1199594 core:ShareCapital 2022-04-30 1199594 core:CapitalRedemptionReserve 2023-04-30 1199594 core:CapitalRedemptionReserve 2022-04-30 1199594 core:RetainedEarningsAccumulatedLosses 2023-04-30 1199594 core:RetainedEarningsAccumulatedLosses 2022-04-30 1199594 bus:OrdinaryShareClass1 core:ShareCapital 2023-04-30 1199594 bus:OrdinaryShareClass1 core:ShareCapital 2022-04-30 1199594 core:CostValuation core:Non-currentFinancialInstruments 2023-04-30 1199594 core:Non-currentFinancialInstruments 2023-04-30 1199594 core:Non-currentFinancialInstruments 2022-04-30 1199594 core:LandBuildings core:OwnedOrFreeholdAssets 2022-04-30 1199594 core:PlantMachinery 2022-04-30 1199594 core:FurnitureFittingsToolsEquipment 2022-04-30 1199594 core:MotorVehicles 2022-04-30 1199594 bus:SmallEntities 2022-05-01 2023-04-30 1199594 bus:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 1199594 bus:FullAccounts 2022-05-01 2023-04-30 1199594 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 1199594 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 1199594 core:WithinOneYear 2022-05-01 2023-04-30 1199594 core:AfterOneYear 2022-05-01 2023-04-30
REGISTRAR
Company registration number: 1199594
Coseley Steel Services Limited
Unaudited filleted financial statements
30 April 2023
Coseley Steel Services Limited
Contents
Statement of financial position
Notes to the financial statements
Coseley Steel Services Limited
Statement of financial position
30 April 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 309,536 312,600
Investments 6 1 1
_______ _______
309,537 312,601
Current assets
Debtors 7 109,240 146,798
Cash at bank and in hand 103,095 102,938
_______ _______
212,335 249,736
Creditors: amounts falling due
within one year 8 ( 222,640) ( 236,453)
_______ _______
Net current (liabilities)/assets ( 10,305) 13,283
_______ _______
Total assets less current liabilities 299,232 325,884
Creditors: amounts falling due
after more than one year 9 ( 2,308) -
_______ _______
Net assets 296,924 325,884
_______ _______
Capital and reserves
Called up share capital 10 100 100
Capital redemption reserve 55 55
Profit and loss account 296,769 325,729
_______ _______
Shareholders funds 296,924 325,884
_______ _______
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 05 October 2023 , and are signed on behalf of the board by:
J.W. Wade
Director
Company registration number: 1199594
Coseley Steel Services Limited
Notes to the financial statements
Year ended 30 April 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Webb Street, Bilston, West Midlands, WV14 8XL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.The accounts are rounded to the nearest £1.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 10 % straight line
Fittings fixtures and equipment - 25 % straight line
Motor vehicles - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 4 ).
5. Tangible assets
Freehold property Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £ £
Cost
At 1 May 2022 225,890 599,576 13,917 128,927 968,310
Additions - 17,495 - - 17,495
_______ _______ _______ _______ _______
At 30 April 2023 225,890 617,071 13,917 128,927 985,805
_______ _______ _______ _______ _______
Depreciation
At 1 May 2022 - 519,304 13,493 122,913 655,710
Charge for the year - 14,404 141 6,014 20,559
_______ _______ _______ _______ _______
At 30 April 2023 - 533,708 13,634 128,927 676,269
_______ _______ _______ _______ _______
Carrying amount
At 30 April 2023 225,890 83,363 283 - 309,536
_______ _______ _______ _______ _______
At 30 April 2022 225,890 80,272 424 6,014 312,600
_______ _______ _______ _______ _______
6. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 May 2022 and 30 April 2023 1 1
_______ _______
Impairment
At 1 May 2022 and 30 April 2023 - -
_______ _______
Carrying amount
At 30 April 2023 1 1
_______ _______
At 30 April 2022 1 1
_______ _______
7. Debtors
2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 109,240 146,798
_______ _______
8. Creditors: amounts falling due within one year
2023 2022
£ £
Other creditors 222,640 236,453
_______ _______
Other creditors includes hire purchase creditor amounting to £6,923 (2022 : £3,333) which is secured on the assets to which they relate.
9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors 2,308 -
_______ _______
Other creditors includes hire purchase creditor amounting to £2,308 (2022 : £Nil) which is secured on the assets to which they relate.
10. Called up share capital
Issued, called up and fully paid
2023 2022
No £ No £
Ordinary shares shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______