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REGISTERED NUMBER: 05365971 (England and Wales)















WARWICK STEEL HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






WARWICK STEEL HOLDINGS LIMITED (REGISTERED NUMBER: 05365971)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WARWICK STEEL HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: T Langford



SECRETARY: S Langford



REGISTERED OFFICE: Sovereign House
12 Warwick Street
Coventry
West Midlands
CV5 6ET



REGISTERED NUMBER: 05365971 (England and Wales)



ACCOUNTANTS: Burrows Scarborough
Sovereign House
12 Warwick Street
Coventry
West Midlands
CV5 6ET



BANKERS: Lloyds TSB
73 Parade
Leamington Spa
Warwickshire
CV32 4BB

WARWICK STEEL HOLDINGS LIMITED (REGISTERED NUMBER: 05365971)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 432,005 6,477
Investments 5 - 1
432,005 6,478

CURRENT ASSETS
Stocks 374,155 -
Debtors 6 1,737,366 305,573
Cash at bank 563,953 548,416
2,675,474 853,989
CREDITORS
Amounts falling due within one year 7 47,836 887
NET CURRENT ASSETS 2,627,638 853,102
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,059,643

859,580

PROVISIONS FOR LIABILITIES - (1,062 )

ACCRUALS AND DEFERRED INCOME - (800 )
NET ASSETS 3,059,643 857,718

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 3,059,642 857,717
SHAREHOLDERS' FUNDS 3,059,643 857,718

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.

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 6 September 2024 and were signed by:




T Langford - Director


WARWICK STEEL HOLDINGS LIMITED (REGISTERED NUMBER: 05365971)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Warwick Steel Holdings 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.

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


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) including the provisions of Section 1A 'Small Entities' and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified as necessary to include certain items at fair value.

Preparation of consolidated financial statements
The financial statements contain information about Warwick Steel Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents recharges for hire of plant and equipment to it's subsidiary company, excluding value added tax.

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 etc - 25% on reducing balance and 15% on reducing balance

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

WARWICK STEEL HOLDINGS LIMITED (REGISTERED NUMBER: 05365971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Interest and dividends receivable
Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

Hire of equipment income
An annual charge is made to the subsidiary company for the use of its fixed assets.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 - 135,979 135,979
Additions 359,153 79,435 438,588
At 31 March 2024 359,153 215,414 574,567
DEPRECIATION
At 1 April 2023 - 129,502 129,502
Charge for year - 13,060 13,060
At 31 March 2024 - 142,562 142,562
NET BOOK VALUE
At 31 March 2024 359,153 72,852 432,005
At 31 March 2023 - 6,477 6,477

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023 1
Disposals (1 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 1

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 3,300 6,250
Amounts owed by group undertakings - 76
Other debtors 792,066 299,247
795,366 305,573

WARWICK STEEL HOLDINGS LIMITED (REGISTERED NUMBER: 05365971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors 942,000 -

Aggregate amounts 1,737,366 305,573

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 43,365 -
Taxation and social security 775 887
Other creditors 3,696 -
47,836 887

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1.00 1 1

9. CONTINGENT LIABILITIES

A group VAT registration existed between Warwick Steel Structures Limited and Warwick Steel Holdings Limited during the period until De grouping (on 20 March 2023).