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REGISTERED NUMBER: 03037858 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30th June 2023

for

Hesketh Steel Fabrications Limited

Hesketh Steel Fabrications Limited (Registered number: 03037858)






Contents of the Financial Statements
for the Year Ended 30th June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hesketh Steel Fabrications Limited

Company Information
for the Year Ended 30th June 2023







DIRECTORS: Mr P V Hesketh
Mrs K J Hesketh





SECRETARY: Mrs K J Hesketh





REGISTERED OFFICE: Unit 14
Tonge Bridge Industrial Estate
Hypatia Street
Bolton
Lancashire
BL2 6AA





REGISTERED NUMBER: 03037858 (England and Wales)





ACCOUNTANTS: Stephen Andrews & Co Limited
186 Eaves Lane
Chorley
Lancashire
PR6 0AU

Hesketh Steel Fabrications Limited (Registered number: 03037858)

Balance Sheet
30th June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,266 13,750

CURRENT ASSETS
Stocks 37,500 5,500
Debtors 5 107,383 115,568
Cash at bank - 51,439
144,883 172,507
CREDITORS
Amounts falling due within one year 6 155,327 123,861
NET CURRENT (LIABILITIES)/ASSETS (10,444 ) 48,646
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,822

62,396

CREDITORS
Amounts falling due after more than one year 7 44,815 83,474
NET LIABILITIES (35,993 ) (21,078 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (35,995 ) (21,080 )
SHAREHOLDERS' FUNDS (35,993 ) (21,078 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Hesketh Steel Fabrications Limited (Registered number: 03037858)

Balance Sheet - continued
30th June 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 Board of Directors and authorised for issue on 2nd February 2024 and were signed on its behalf by:





Mr P V Hesketh - Director


Hesketh Steel Fabrications Limited (Registered number: 03037858)

Notes to the Financial Statements
for the Year Ended 30th June 2023

1. STATUTORY INFORMATION

Hesketh Steel Fabrications 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.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Hesketh Steel Fabrications Limited (Registered number: 03037858)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023

2. ACCOUNTING POLICIES - continued

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 7 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st July 2022 42,479 12,199 18,745 9,228 82,651
Additions - - 11,050 - 11,050
Disposals - - (15,750 ) - (15,750 )
At 30th June 2023 42,479 12,199 14,045 9,228 77,951
DEPRECIATION
At 1st July 2022 32,439 9,675 17,559 9,228 68,901
Charge for year 1,506 379 2,863 - 4,748
Eliminated on disposal - - (14,964 ) - (14,964 )
At 30th June 2023 33,945 10,054 5,458 9,228 58,685
NET BOOK VALUE
At 30th June 2023 8,534 2,145 8,587 - 19,266
At 30th June 2022 10,040 2,524 1,186 - 13,750

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 107,383 96,434
Other debtors - 19,134
107,383 115,568

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 23,413 15,194
Trade creditors 40,782 39,873
Taxation and social security 13,364 10,480
Other creditors 77,768 58,314
155,327 123,861

Hesketh Steel Fabrications Limited (Registered number: 03037858)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 22,500 29,167
Other creditors 22,315 54,307
44,815 83,474

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
2 Ordinary £1 2 2