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REGISTERED NUMBER: 04153681 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

J.S.STEEL SERVICES LTD

J.S.STEEL SERVICES LTD (REGISTERED NUMBER: 04153681)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


J.S.STEEL SERVICES LTD

COMPANY INFORMATION
for the year ended 29 February 2024







DIRECTOR: S C Daubney





SECRETARY:





REGISTERED OFFICE: Springhaven
1a Barnfield Close
Hastings
East Sussex
TN34 1TS





REGISTERED NUMBER: 04153681 (England and Wales)





ACCOUNTANTS: In The Cloud Accounting
Springhaven
1a Barnfield Close
Hastings
East Sussex
TN34 1TS

J.S.STEEL SERVICES LTD (REGISTERED NUMBER: 04153681)

STATEMENT OF FINANCIAL POSITION
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,685 1,319

CURRENT ASSETS
Debtors 5 268,095 234,903
Cash at bank and in hand 21,650 7,337
289,745 242,240
CREDITORS
Amounts falling due within one year 6 (279,768 ) (232,040 )
NET CURRENT ASSETS 9,977 10,200
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,662

11,519

CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 1 1
Retained earnings 12,660 11,517
SHAREHOLDERS' FUNDS 12,662 11,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

J.S.STEEL SERVICES LTD (REGISTERED NUMBER: 04153681)

STATEMENT OF FINANCIAL POSITION - continued
29 February 2024


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 13 March 2024 and were signed by:





S C Daubney - Director


J.S.STEEL SERVICES LTD (REGISTERED NUMBER: 04153681)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 February 2024

1. STATUTORY INFORMATION

J.s.steel Services Ltd 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 30% on reducing balance

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.

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.

Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders of the company continue with their financial support of the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

J.S.STEEL SERVICES LTD (REGISTERED NUMBER: 04153681)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023 1,039 2,070 3,109
Additions - 1,646 1,646
At 29 February 2024 1,039 3,716 4,755
DEPRECIATION
At 1 March 2023 11 1,779 1,790
Charge for year 193 87 280
At 29 February 2024 204 1,866 2,070
NET BOOK VALUE
At 29 February 2024 835 1,850 2,685
At 28 February 2023 1,028 291 1,319

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 233,668 212,123
Other debtors 34,427 22,780
268,095 234,903

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 261,119 214,671
Taxation and social security 9,391 12,172
Other creditors 9,258 5,197
279,768 232,040

7. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Trade Creditors 228,492 198,564

Amounts owing to the company's main trade creditor is secured by a debenture over the book debts and other debts of the company.

J.S.STEEL SERVICES LTD (REGISTERED NUMBER: 04153681)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
S C Daubney
Balance outstanding at start of year (1,818 ) (4 )
Amounts repaid 7,664 (1,814 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,846 (1,818 )

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2023 - £2,000) were paid to the director .

10. ULTIMATE CONTROLLING PARTY

The controlling party is S C Daubney.