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REGISTERED NUMBER: 02955425 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 December 2023

for

The Steel Protection Consultancy Limited

The Steel Protection Consultancy Limited (Registered number: 02955425)

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


The Steel Protection Consultancy Limited

Company Information
For The Year Ended 31 December 2023







Director: W H Deacon





Secretary: Mrs T Deacon





Registered office: Ironstone House
4 Ironstone Way
Briworth
Northampton
NN6 9UD





Registered number: 02955425 (England and Wales)





Accountants: R Vann Ltd
Chartered Certified Accountants
Ironstone House
Ironstone Way
Brixworth
Northamptonshire
NN6 9UD

The Steel Protection Consultancy Limited (Registered number: 02955425)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,271 4,088

Current assets
Debtors 5 76,592 42,157
Cash at bank 42,758 52,755
119,350 94,912
Creditors
Amounts falling due within one year 6 57,475 36,419
Net current assets 61,875 58,493
Total assets less current liabilities 64,146 62,581

Creditors
Amounts falling due after more than
one year

7

(15,621

)

(24,007

)

Provisions for liabilities (431 ) (777 )
Net assets 48,094 37,797

The Steel Protection Consultancy Limited (Registered number: 02955425)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
Capital and reserves
Called up share capital 1,000 1,000
Retained earnings 47,094 36,797
48,094 37,797

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 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 12 July 2024 and were signed by:





W H Deacon - Director


The Steel Protection Consultancy Limited (Registered number: 02955425)

Notes to the Financial Statements
For The Year Ended 31 December 2023


1. Statutory information

The Steel Protection Consultancy 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 etc - 25% on cost

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.

The Steel Protection Consultancy Limited (Registered number: 02955425)

Notes to the Financial Statements - continued
For The Year Ended 31 December 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 3 (2022 - 3 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 January 2023
and 31 December 2023 15,832
Depreciation
At 1 January 2023 11,744
Charge for year 1,817
At 31 December 2023 13,561
Net book value
At 31 December 2023 2,271
At 31 December 2022 4,088

5. Debtors: amounts falling due within one year
31.12.23 31.12.22
£    £   
Trade debtors 75,128 40,619
Other debtors 1,464 1,538
76,592 42,157

The Steel Protection Consultancy Limited (Registered number: 02955425)

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


6. Creditors: amounts falling due within one year
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 8,550 8,550
Trade creditors 1 1,807
Taxation and social security 33,638 15,624
Other creditors 15,286 10,438
57,475 36,419

7. Creditors: amounts falling due after more than one year
31.12.23 31.12.22
£    £   
Bank loans 15,621 24,007

8. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
W H Deacon
Balance outstanding at start of year (8,528 ) (3,156 )
Amounts advanced 24,628 24,628
Amounts repaid (30,000 ) (30,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (13,900 ) (8,528 )