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REGISTERED NUMBER: 07087632 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

STEEL SHOT COMPANY LIMITED

STEEL SHOT COMPANY LIMITED (REGISTERED NUMBER: 07087632)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STEEL SHOT COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: S P Dales





REGISTERED OFFICE: Unit 18 Unit 18 Melton Enterprise Park
Redcliff Road
Melton
East Yorkshire
HU14 3RS





REGISTERED NUMBER: 07087632 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

STEEL SHOT COMPANY LIMITED (REGISTERED NUMBER: 07087632)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,746 55,634

CURRENT ASSETS
Stocks 396,467 369,740
Debtors 5 64,875 361,008
Cash at bank and in hand 313,483 103,585
774,825 834,333
CREDITORS
Amounts falling due within one year 6 69,190 169,751
NET CURRENT ASSETS 705,635 664,582
TOTAL ASSETS LESS CURRENT
LIABILITIES

749,381

720,216

CREDITORS
Amounts falling due after more than one year 7 (376,126 ) (400,376 )

PROVISIONS FOR LIABILITIES (8,658 ) (11,484 )
NET ASSETS 364,597 308,356

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 364,595 308,354
364,597 308,356

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

STEEL SHOT COMPANY LIMITED (REGISTERED NUMBER: 07087632)

BALANCE SHEET - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2024 and were signed by:





S P Dales - Director


STEEL SHOT COMPANY LIMITED (REGISTERED NUMBER: 07087632)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Steel Shot Company Limited is a private company, limited by shares, registered in England. The company's registered number is 07087632. The company's registered office is Talbot Lodge, Woodfield Lane, Hessle East Yorkshire HU13 0EW.

The presentation currency of the financial statements is the Pound Sterling (£).

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 the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 30% on cost
Plant and machinery etc - 30% on cost, 25% on a reducing balance basis and 15% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

STEEL SHOT COMPANY LIMITED (REGISTERED NUMBER: 07087632)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 4,904 140,602 145,506
DEPRECIATION
At 1 April 2023 4,904 84,968 89,872
Charge for year - 11,888 11,888
At 31 March 2024 4,904 96,856 101,760
NET BOOK VALUE
At 31 March 2024 - 43,746 43,746
At 31 March 2023 - 55,634 55,634

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 45,857 330,897
Other debtors 15,000 15,000
Prepayments 4,018 15,111
64,875 361,008

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 10,000
Trade creditors 45,854 135,762
Tax 16,905 20,767
Social security and other taxes 4,231 1,522
Accrued expenses 2,200 1,700
69,190 169,751

STEEL SHOT COMPANY LIMITED (REGISTERED NUMBER: 07087632)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 22,500
Directors' loan accounts 376,126 377,876
376,126 400,376

8. ULTIMATE CONTROLLING PARTY

The controlling party is S P Dales.