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REGISTERED NUMBER: 07150971 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Steelsy G-RIP Company Ltd

Steelsy G-RIP Company Ltd (Registered number: 07150971)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Steelsy G-RIP Company Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P N Steels
D C Treacy





REGISTERED OFFICE: Unit 7
Mulberry Place
Pinnell Road
Eltham
London
SE9 6AR





REGISTERED NUMBER: 07150971 (England and Wales)





ACCOUNTANTS: Nichols & Co ( Accountancy ) Limited
Chartered Accountants
Unit 7
Mulberry Place
Pinnell Road
Eltham
London
SE9 6AR

Steelsy G-RIP Company Ltd (Registered number: 07150971)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £ £
CURRENT ASSETS
Stocks 37,971 35,223
Debtors 5 7,511 4,315
Cash at bank 2,648 5,160
48,130 44,698
CREDITORS
Amounts falling due within one year 6 (15,136 ) (22,340 )
NET CURRENT ASSETS 32,994 22,358
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,994

22,358

CAPITAL AND RESERVES
Called up share capital 7 100 100
Share premium 8 10,000 10,000
Retained earnings 8 22,894 12,258
SHAREHOLDERS' FUNDS 32,994 22,358

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.

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 20 September 2024 and were signed on its behalf by:





D C Treacy - Director


Steelsy G-RIP Company Ltd (Registered number: 07150971)

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

1. STATUTORY INFORMATION

Steelsy G-RIP Company 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.

Plant and machinery 25% straight line

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 January 2023
and 31 December 2023 3,661
DEPRECIATION
At 1 January 2023
and 31 December 2023 3,661
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Steelsy G-RIP Company Ltd (Registered number: 07150971)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Trade debtors 4,970 1,774
Amounts owed by group undertakings 2,541 2,541
7,511 4,315

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Trade creditors 9 1,874
Corporation tax 2,495 1,646
VAT 1,506 247
Directors' current accounts 10,000 17,500
Accruals and deferred income 1,126 1,073
15,136 22,340

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £ £
100 Ordinary £1 100 100

8. RESERVES
Retained Share
earnings premium Totals
£ £ £

At 1 January 2023 12,258 10,000 22,258
Profit for the year 10,636 10,636
At 31 December 2023 22,894 10,000 32,894

9. RELATED PARTY DISCLOSURES

During the year, no transactions occurred between the company and Diamond Golf International Ltd (DGI), a related party by virtue of a common director and shareholder. At the balance sheet date, £2,541 (2022: £2,541) was owed to the company.

10. CONTROLLING PARTY

The ultimate controlling party is P N Steels, a director of the company.