Structural Steel Solutions Limited |
Registered Number:05177328 |
For the period ended 31 March 2024
England and Wales
Unaudited Financial Statements
For the period ended 31 March 2024
Structural Steel Solutions Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Structural Steel Solutions Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
3,401
4,001
2
3,401
4,001
Trade and other receivables |
1,747
709
3
25,293
Cash and cash equivalents |
22,164
22,873
27,040
Trade and other payables: amounts falling due within one |
year |
(4,528)
(10,744)
4
22,512
12,129
Net current assets
Total assets less current liabilities |
15,530
26,513
150
(750)
Provisions for liabilities |
15,680
Net assets
25,763
300
300
15,380
25,463
15,680
25,763
Shareholders' funds
For the period ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 12 April 2024 and were signed by: |
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For the period ended 31 March 2024
Structural Steel Solutions Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 4
For the period ended 31 March 2024
Structural Steel Solutions Limited
Notes to the Financial Statements
Statutory Information
Structural Steel Solutions Limited is a private limited company, limited by shares, domiciled in England and |
Wales, registration number 05177328. |
59 Charnley Avenue
Sheffield
S11 9FR
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and |
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Turnover is recognised on the completion of each large contract assignment or small job, in accordance with the contract terms. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Office equipment
Inventories
Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract, at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs. |
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 the 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 timing differences. 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 future profits. |
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For the period ended 31 March 2024
Structural Steel Solutions Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
20,298
20,298
Provision for depreciation and impairment |
16,297
Charge for period
600
16,897
3,401
4,001
3. Trade and other receivables |
2023
2024
709
1,747
4. Trade and other payables: amounts falling due within one year |
2023
2024
119
197
Taxation and social security |
55
-
10,570
4,331
10,744
4,528
5. Related party transactions |
The director is also a shareholder of the company. Dividends paid to Mr K. Bunting, as director and |
shareholder of the company, during the year (with the previous year shown in brackets) were £5,900 (£43,000). |
6. Average number of persons employed |
During the year the average number of employees was 1 (2023 : 1)
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