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REGISTERED NUMBER: 03338865 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

EUROPEAN STRUCTURAL STEELS
& REINFORCEMENTS LIMITED

EUROPEAN STRUCTURAL STEELS
& REINFORCEMENTS LIMITED (REGISTERED NUMBER: 03338865)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


EUROPEAN STRUCTURAL STEELS
& REINFORCEMENTS LIMITED

Company Information
for the year ended 31 March 2023







Director: Mr M T Chaudhri





Secretary: Mrs A Chaudhri





Registered office: 14 Hanover Gardens
Hainault
Ilford
Essex
IG6 2RA





Registered number: 03338865 (England and Wales)





Accountants: Haines Watts South East LLP
Chartered Accountants
Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

EUROPEAN STRUCTURAL STEELS
& REINFORCEMENTS LIMITED (REGISTERED NUMBER: 03338865)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 19,090 23,307

Current assets
Debtors 5 57,559 41,423
Cash at bank 2,368 14,518
59,927 55,941
Creditors
Amounts falling due within one year 6 33,707 30,524
Net current assets 26,220 25,417
Total assets less current liabilities 45,310 48,724

Provisions for liabilities 7 3,600 4,400
Net assets 41,710 44,324

Capital and reserves
Called up share capital 8 100 100
Retained earnings 9 41,610 44,224
Shareholders' funds 41,710 44,324

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

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

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 15 November 2023 and were signed by:





Mr M T Chaudhri - Director


EUROPEAN STRUCTURAL STEELS
& REINFORCEMENTS LIMITED (REGISTERED NUMBER: 03338865)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

European Structural Steels & Reinforcements 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 were no significant estimates or judgements required in the preparation of these accounts..

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.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 statement of financial position date.


EUROPEAN STRUCTURAL STEELS
& REINFORCEMENTS LIMITED (REGISTERED NUMBER: 03338865)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2022 26,498
Additions 23,495
Disposals (25,833 )
At 31 March 2023 24,160
Depreciation
At 1 April 2022 3,191
Charge for year 4,570
Eliminated on disposal (2,691 )
At 31 March 2023 5,070
Net book value
At 31 March 2023 19,090
At 31 March 2022 23,307

5. Debtors
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 52,331 22,601
Other debtors 5,228 13,999
57,559 36,600

Amounts falling due after more than one year:
Other debtors - 4,823

Aggregate amounts 57,559 41,423

EUROPEAN STRUCTURAL STEELS
& REINFORCEMENTS LIMITED (REGISTERED NUMBER: 03338865)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 10,673 22,227
Taxation and social security 8,549 6,020
Other creditors 14,485 2,277
33,707 30,524

7. Provisions for liabilities
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 3,600 4,400

Deferred
tax
£   
Balance at 1 April 2022 4,400
Credit to Profit and Loss Account during year (800 )
Balance at 31 March 2023 3,600

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 shares 1 100 100

9. Reserves
Retained
earnings
£   

At 1 April 2022 44,224
Profit for the year 27,386
Dividends (30,000 )
At 31 March 2023 41,610

EUROPEAN STRUCTURAL STEELS
& REINFORCEMENTS LIMITED (REGISTERED NUMBER: 03338865)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


10. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr M T Chaudhri
Balance outstanding at start of year 9,810 13,870
Amounts advanced 69,190 -
Amounts repaid (92,634 ) (4,060 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (13,634 ) 9,810