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REGISTERED NUMBER: 06494005 (England and Wales)















BJ HUGHES METALS (COSELEY) LIMITED

Unaudited Financial Statements for the Year Ended 28 February 2023






BJ HUGHES METALS (COSELEY) LIMITED (REGISTERED NUMBER: 06494005)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

BJ HUGHES METALS (COSELEY) LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTOR: B J Hughes





REGISTERED OFFICE: Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB





REGISTERED NUMBER: 06494005 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

BJ HUGHES METALS (COSELEY) LIMITED (REGISTERED NUMBER: 06494005)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 288,937 220,105

CURRENT ASSETS
Stocks 22,000 22,000
Debtors 5 224,498 560,748
Cash at bank 585,743 206,164
832,241 788,912
CREDITORS
Amounts falling due within one year 6 236,859 385,945
NET CURRENT ASSETS 595,382 402,967
TOTAL ASSETS LESS CURRENT
LIABILITIES

884,319

623,072

CREDITORS
Amounts falling due after more than one
year

7

(29,167

)

(6,771

)

PROVISIONS FOR LIABILITIES (72,235 ) (55,027 )
NET ASSETS 782,917 561,274

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 782,916 561,273
SHAREHOLDERS' FUNDS 782,917 561,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

BJ HUGHES METALS (COSELEY) LIMITED (REGISTERED NUMBER: 06494005)

Balance Sheet - continued
28 February 2023


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 director and authorised for issue on 29 November 2023 and were signed by:





B J Hughes - Director


BJ HUGHES METALS (COSELEY) LIMITED (REGISTERED NUMBER: 06494005)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

BJ Hughes Metals (Coseley) 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Commercial vehicles - 10% 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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

BJ HUGHES METALS (COSELEY) LIMITED (REGISTERED NUMBER: 06494005)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Commercial
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2022 251,084 5,882 52,525 309,491
Additions 150,050 1,935 - 151,985
Disposals (27,500 ) - (46,700 ) (74,200 )
At 28 February 2023 373,634 7,817 5,825 387,276
DEPRECIATION
At 1 March 2022 77,802 1,132 10,452 89,386
Charge for year 27,063 513 425 28,001
Eliminated on disposal (10,175 ) - (8,873 ) (19,048 )
At 28 February 2023 94,690 1,645 2,004 98,339
NET BOOK VALUE
At 28 February 2023 278,944 6,172 3,821 288,937
At 28 February 2022 173,282 4,750 42,073 220,105

BJ HUGHES METALS (COSELEY) LIMITED (REGISTERED NUMBER: 06494005)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 March 2022
and 28 February 2023 168,630
DEPRECIATION
At 1 March 2022 56,047
Charge for year 7,476
At 28 February 2023 63,523
NET BOOK VALUE
At 28 February 2023 105,107
At 28 February 2022 112,583

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 155,092 538,998
Directors' current accounts 50,656 -
Prepayments 18,750 21,750
224,498 560,748

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 12,500 29,983
Social security and other taxes 214,411 265,745
Other creditors 4,023 1,311
Directors' current accounts - 83,266
Accrued expenses 5,925 5,640
236,859 385,945

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 29,167 6,771

BJ HUGHES METALS (COSELEY) LIMITED (REGISTERED NUMBER: 06494005)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
1 Ordinary £1 1 1

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company is owed £36,881 by the director as at 28 February 2023 (The company owes £83,266 as at 28 February 2022).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is the director.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
BJ Hughes Metals (Coseley) Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BJ Hughes Metals (Coseley) Limited for the year ended 28 February 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of BJ Hughes Metals (Coseley) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of BJ Hughes Metals (Coseley) Limited and state those matters that we have agreed to state to the director of BJ Hughes Metals (Coseley) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BJ Hughes Metals (Coseley) Limited and its director for our work or for this report.

It is your duty to ensure that BJ Hughes Metals (Coseley) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of BJ Hughes Metals (Coseley) Limited. You consider that BJ Hughes Metals (Coseley) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of BJ Hughes Metals (Coseley) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


29 November 2023