SPECIALIST TUBE SUPPLIES LIMITED

Company Registration Number:
04987605 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2023

Period of accounts

Start date: 01 May 2022

End date: 30 April 2023

SPECIALIST TUBE SUPPLIES LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2023

Balance sheet
Notes

SPECIALIST TUBE SUPPLIES LIMITED

Balance sheet

As at 30 April 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 78,000 111,633
Total fixed assets: 78,000 111,633
Current assets
Stocks: 143,009 53,643
Debtors:   1,833,659 1,571,088
Cash at bank and in hand: 13,571 39,416
Total current assets: 1,990,239 1,664,147
Creditors: amounts falling due within one year: 4 (1,000,226) (840,017)
Net current assets (liabilities): 990,013 824,130
Total assets less current liabilities: 1,068,013 935,763
Creditors: amounts falling due after more than one year: 5 (22,478) (32,497)
Provision for liabilities: (5,000) (11,000)
Total net assets (liabilities): 1,040,535 892,266
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,040,435 892,166
Shareholders funds: 1,040,535 892,266

The notes form part of these financial statements

SPECIALIST TUBE SUPPLIES LIMITED

Balance sheet statements

For the year ending 30 April 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 January 2024
and signed on behalf of the board by:

Name: Mr Robert Brown
Status: Director

The notes form part of these financial statements

SPECIALIST TUBE SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover consists of the net invoiced value of goods and services supplied in the ordinary course of business net of discounts and excluding Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation has been calculated to write off the cost, less residual value, of fixed assets over their estimated useful lives by the straight line method from the date of acquisition at the following annual rates:Motor vehicles: 20%Plant and machinery: 50%

SPECIALIST TUBE SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

2. Employees

2023 2022
Average number of employees during the period 4 5

SPECIALIST TUBE SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Tangible Assets

Total
Cost £
At 01 May 2022 289,905
At 30 April 2023 289,905
Depreciation
At 01 May 2022 178,272
Charge for year 33,633
At 30 April 2023 211,905
Net book value
At 30 April 2023 78,000
At 30 April 2022 111,633

SPECIALIST TUBE SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Creditors: amounts falling due within one year note

Creditors - amounts falling due within one year include: £nil (2022: £59,109) in respect of hire purchase agreements, these amounts are wholly repayable in less than one year. Also included is £10,058 (2022: £10,005) in respect of a COVID bounce back loan.

SPECIALIST TUBE SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

5. Creditors: amounts falling due after more than one year note

Creditors - amounts falling due after one year include £22,478 (2022: £32,497) in respect of a COVID bounce back loan, which is wholly repayable within 5 years.

SPECIALIST TUBE SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

6. Related party transactions

During the financial period, the company made sales (including recharges of expenditure) to the following related companies which are fellow subsidiaries of J and O Group Limited : Specialist Rebar Supplies Limited £549,778 (2022: £434,525) During the financial period, the company made purchases (including in relation to the recharge of expenditure) from the following related companies which are fellow subsidiaries of J and O Group Limited : Specialist Rebar Supplies Limited £891,264 (2022: £682,025) Anvil Hire Limited £165,066 (2022: £141,326) J and O Group Limited £20,725 (2022: £21,336)Included within debtors are amounts due from the following related companies: Anvil Hire Limited £767,966 (2022: £685,463) Specialist Rebar Supplies Limited £43,564 (2022 £4,531) Chargill Limited £519,386 (2022: £314,122) J and O Group Limited £61,500 (2022: £61,500) Included within creditors are amounts due to the following related companies: Anvil Hire Limited £17,516 (2022: £59,000) Specialist Rebar Supplies Limited £385,936 (2022:£265,763) J and O Group Limited £638 (2022: £17,363)