2022-04-012023-03-312023-03-31false05354940S & A STEEL SERVICES LIMITED2023-08-08iso4217:GBPxbrli:pure053549402022-04-01053549402023-03-31053549402022-04-012023-03-31053549402021-04-01053549402022-03-31053549402021-04-012022-03-3105354940bus:SmallEntities2022-04-012023-03-3105354940bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3105354940bus:AbridgedAccounts2022-04-012023-03-3105354940bus:PrivateLimitedCompanyLtd2022-04-012023-03-3105354940core:WithinOneYear2023-03-3105354940core:AfterOneYear2023-03-3105354940core:WithinOneYear2022-03-3105354940core:AfterOneYear2022-03-3105354940core:ShareCapital2023-03-3105354940core:SharePremium2023-03-3105354940core:RevaluationReserve2023-03-3105354940core:OtherReservesSubtotal2023-03-3105354940core:RetainedEarningsAccumulatedLosses2023-03-3105354940core:ShareCapital2022-03-3105354940core:SharePremium2022-03-3105354940core:RevaluationReserve2022-03-3105354940core:OtherReservesSubtotal2022-03-3105354940core:RetainedEarningsAccumulatedLosses2022-03-3105354940core:LandBuildings2023-03-3105354940core:PlantMachinery2023-03-3105354940core:Vehicles2023-03-3105354940core:FurnitureFittings2023-03-3105354940core:OfficeEquipment2023-03-3105354940core:NetGoodwill2023-03-3105354940core:IntangibleAssetsOtherThanGoodwill2023-03-3105354940core:ListedExchangeTraded2023-03-3105354940core:UnlistedNon-exchangeTraded2023-03-3105354940core:LandBuildings2022-03-3105354940core:PlantMachinery2022-03-3105354940core:Vehicles2022-03-3105354940core:FurnitureFittings2022-03-3105354940core:OfficeEquipment2022-03-3105354940core:NetGoodwill2022-03-3105354940core:IntangibleAssetsOtherThanGoodwill2022-03-3105354940core:ListedExchangeTraded2022-03-3105354940core:UnlistedNon-exchangeTraded2022-03-3105354940core:LandBuildings2022-04-012023-03-3105354940core:PlantMachinery2022-04-012023-03-3105354940core:Vehicles2022-04-012023-03-3105354940core:FurnitureFittings2022-04-012023-03-3105354940core:OfficeEquipment2022-04-012023-03-3105354940core:NetGoodwill2022-04-012023-03-3105354940core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3105354940core:ListedExchangeTraded2022-04-012023-03-3105354940core:UnlistedNon-exchangeTraded2022-04-012023-03-3105354940core:MoreThanFiveYears2022-04-012023-03-3105354940core:Non-currentFinancialInstruments2023-03-3105354940core:Non-currentFinancialInstruments2022-03-3105354940dpl:CostSales2022-04-012023-03-3105354940dpl:DistributionCosts2022-04-012023-03-3105354940core:LandBuildings2022-04-012023-03-3105354940core:PlantMachinery2022-04-012023-03-3105354940core:Vehicles2022-04-012023-03-3105354940core:FurnitureFittings2022-04-012023-03-3105354940core:OfficeEquipment2022-04-012023-03-3105354940dpl:AdministrativeExpenses2022-04-012023-03-3105354940core:NetGoodwill2022-04-012023-03-3105354940core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3105354940dpl:GroupUndertakings2022-04-012023-03-3105354940dpl:ParticipatingInterests2022-04-012023-03-3105354940dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3105354940core:ListedExchangeTraded2022-04-012023-03-3105354940dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3105354940core:UnlistedNon-exchangeTraded2022-04-012023-03-3105354940dpl:CostSales2021-04-012022-03-3105354940dpl:DistributionCosts2021-04-012022-03-3105354940core:LandBuildings2021-04-012022-03-3105354940core:PlantMachinery2021-04-012022-03-3105354940core:Vehicles2021-04-012022-03-3105354940core:FurnitureFittings2021-04-012022-03-3105354940core:OfficeEquipment2021-04-012022-03-3105354940dpl:AdministrativeExpenses2021-04-012022-03-3105354940core:NetGoodwill2021-04-012022-03-3105354940core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3105354940dpl:GroupUndertakings2021-04-012022-03-3105354940dpl:ParticipatingInterests2021-04-012022-03-3105354940dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3105354940core:ListedExchangeTraded2021-04-012022-03-3105354940dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3105354940core:UnlistedNon-exchangeTraded2021-04-012022-03-3105354940core:NetGoodwill2023-03-3105354940core:IntangibleAssetsOtherThanGoodwill2023-03-3105354940core:LandBuildings2023-03-3105354940core:PlantMachinery2023-03-3105354940core:Vehicles2023-03-3105354940core:FurnitureFittings2023-03-3105354940core:OfficeEquipment2023-03-3105354940core:AfterOneYear2023-03-3105354940core:WithinOneYear2023-03-3105354940core:ListedExchangeTraded2023-03-3105354940core:UnlistedNon-exchangeTraded2023-03-3105354940core:ShareCapital2023-03-3105354940core:SharePremium2023-03-3105354940core:RevaluationReserve2023-03-3105354940core:OtherReservesSubtotal2023-03-3105354940core:RetainedEarningsAccumulatedLosses2023-03-3105354940core:NetGoodwill2022-03-3105354940core:IntangibleAssetsOtherThanGoodwill2022-03-3105354940core:LandBuildings2022-03-3105354940core:PlantMachinery2022-03-3105354940core:Vehicles2022-03-3105354940core:FurnitureFittings2022-03-3105354940core:OfficeEquipment2022-03-3105354940core:AfterOneYear2022-03-3105354940core:WithinOneYear2022-03-3105354940core:ListedExchangeTraded2022-03-3105354940core:UnlistedNon-exchangeTraded2022-03-3105354940core:ShareCapital2022-03-3105354940core:SharePremium2022-03-3105354940core:RevaluationReserve2022-03-3105354940core:OtherReservesSubtotal2022-03-3105354940core:RetainedEarningsAccumulatedLosses2022-03-3105354940core:NetGoodwill2021-04-0105354940core:IntangibleAssetsOtherThanGoodwill2021-04-0105354940core:LandBuildings2021-04-0105354940core:PlantMachinery2021-04-0105354940core:Vehicles2021-04-0105354940core:FurnitureFittings2021-04-0105354940core:OfficeEquipment2021-04-0105354940core:AfterOneYear2021-04-0105354940core:WithinOneYear2021-04-0105354940core:ListedExchangeTraded2021-04-0105354940core:UnlistedNon-exchangeTraded2021-04-0105354940core:ShareCapital2021-04-0105354940core:SharePremium2021-04-0105354940core:RevaluationReserve2021-04-0105354940core:OtherReservesSubtotal2021-04-0105354940core:RetainedEarningsAccumulatedLosses2021-04-0105354940core:AfterOneYear2022-04-012023-03-3105354940core:WithinOneYear2022-04-012023-03-3105354940core:Non-currentFinancialInstrumentscore:CostValuation2022-04-012023-03-3105354940core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-04-012023-03-3105354940core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-04-012023-03-3105354940core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-04-012023-03-3105354940core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-04-012023-03-3105354940core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-04-012023-03-3105354940core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3105354940core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3105354940core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3105354940core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3105354940core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3105354940core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3105354940core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3105354940core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3105354940core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3105354940core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3105354940core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3105354940core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3105354940core:Non-currentFinancialInstrumentscore:CostValuation2022-03-3105354940core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-03-3105354940core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-03-3105354940core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-03-3105354940core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-03-3105354940core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-03-3105354940core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-03-3105354940core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-03-3105354940core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-03-3105354940bus:Director12022-04-012023-03-3105354940bus:Director22022-04-012023-03-31

S & A STEEL SERVICES LIMITED

Registered Number
05354940
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

S & A STEEL SERVICES LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

Sunley, Danny John
Sunley, Julie

Registered Address

Unit 2a John Hall Close
Faversham
ME13 7TY

Registered Number

05354940 (England and Wales)
S & A STEEL SERVICES LIMITED
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets89,3673,437
9,3673,437
Current assets
Debtors9234,293146,475
Cash at bank and on hand212,902333,964
447,195480,439
Creditors amounts falling due within one year10(119,432)(157,878)
Net current assets (liabilities)327,763322,561
Total assets less current liabilities337,130325,998
Provisions for liabilities(1,780)(2,765)
Net assets335,350323,233
Capital and reserves
Called up share capital100100
Profit and loss account335,250323,133
Shareholders' funds335,350323,233
The financial statements were approved and authorised for issue by the Board of Directors on 8 August 2023, and are signed on its behalf by:
Sunley, Danny John
Director
Registered Company No. 05354940
S & A STEEL SERVICES LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The company's principal activity during the year continued to be that of steel fabrication services.
4.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Property, plant and equipment policy
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Intangible assets policy
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Critical estimates and judgements
The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the amount reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
6.Employee information

20232022
Average number of employees during the year1211
7.Intangible assets

Total

£
Cost or valuation
At 01 April 2215,000
At 31 March 2315,000
Amortisation and impairment
At 01 April 2215,000
At 31 March 2315,000
Net book value
At 31 March 23-
At 31 March 22-
8.Property, plant and equipment

Total

£
Cost or valuation
At 01 April 22152,482
Additions12,400
At 31 March 23164,882
Depreciation and impairment
At 01 April 22149,045
Charge for year6,470
At 31 March 23155,515
Net book value
At 31 March 239,367
At 31 March 223,437
9.Debtors

2023

2022

££
Trade debtors / trade receivables234,293146,475
Total234,293146,475
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables54,38557,687
Taxation and social security30,12178,833
Other creditors32,92619,358
Accrued liabilities and deferred income2,0002,000
Total119,432157,878
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.