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REGISTERED NUMBER: 01735268 (England and Wales)










Financial Statements

for the Year Ended 31 December 2023

for

Holme Steel Fabricators Limited

Holme Steel Fabricators Limited (Registered number: 01735268)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Holme Steel Fabricators Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs S J Chapman-Wicks
Mrs S L Wilson
Mrs S M Greenall





SECRETARY: Mrs C Chapman





REGISTERED OFFICE: Suite 32/33
Normanby Gateway
Lysaghts Way
Scunthorpe
North Lincolnshire
DN15 9YG





REGISTERED NUMBER: 01735268 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 32/33 Normany Gateway,
Lysaghts Way,
Scunthorpe
North Lincolnshire
DN15 9YG

Holme Steel Fabricators Limited (Registered number: 01735268)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 10,065 22,486

CURRENT ASSETS
Stocks 22,486 27,944
Debtors 5 343,166 797,786
Cash at bank and in hand 806,307 850,820
1,171,959 1,676,550
CREDITORS
Amounts falling due within one year 6 (676,490 ) (1,246,363 )
NET CURRENT ASSETS 495,469 430,187
TOTAL ASSETS LESS CURRENT
LIABILITIES

505,534

452,673

PROVISIONS FOR LIABILITIES 7 (1,672 ) (4,032 )
NET ASSETS 503,862 448,641

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 503,762 448,541
SHAREHOLDERS' FUNDS 503,862 448,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Holme Steel Fabricators Limited (Registered number: 01735268)

Balance Sheet - continued
31 December 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 16 April 2024 and were signed on its behalf by:




Mrs S L Wilson - Director Mrs S M Greenall - Director




Mrs S J Chapman-Wicks - Director


Holme Steel Fabricators Limited (Registered number: 01735268)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Holme Steel Fabricators 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 cost
Fixtures and fittings - 25% on cost
Motor vehicles - 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.

Holme Steel Fabricators Limited (Registered number: 01735268)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2022 - 49 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 68,064 54,510 24,695 147,269
DEPRECIATION
At 1 January 2023 63,229 50,219 11,335 124,783
Charge for year 4,653 2,488 5,280 12,421
At 31 December 2023 67,882 52,707 16,615 137,204
NET BOOK VALUE
At 31 December 2023 182 1,803 8,080 10,065
At 31 December 2022 4,835 4,291 13,360 22,486

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 342,679 797,152
Other debtors 487 634
343,166 797,786

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 161,136 218,887
Amounts owed to group undertakings 242,970 687,390
Corporation tax 96,641 82,021
Social security and other tax 8,678 33,581
VAT 62,122 113,638
Other creditors 75,000 75,000
Pension fund 791 2,905
Accrued expenses 29,152 32,941
676,490 1,246,363

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,672 4,032

Holme Steel Fabricators Limited (Registered number: 01735268)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 4,032
Provided during year (2,360 )
Balance at 31 December 2023 1,672

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 January 2023 448,541
Profit for the year 305,221
Dividends (250,000 )
At 31 December 2023 503,762