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REGISTERED NUMBER: 04993918 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

STEEL ERECTING SERVICES LIMITED

STEEL ERECTING SERVICES LIMITED (REGISTERED NUMBER: 04993918)

Contents of the Financial Statements
for the year ended 29 February 2024










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


STEEL ERECTING SERVICES LIMITED

Company Information
for the year ended 29 February 2024







Director: R W Dowler





Secretary: Mrs M C Dowler





Registered office: Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA





Registered number: 04993918 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA

Accountants' Report to the Director
on the Unaudited Financial Statements of
Steel Erecting Services Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Steel Erecting Services Limited for the year ended 29 February 2024 which comprise the Statement of Comprehensive Income, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Steel Erecting Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Steel Erecting Services Limited and state those matters that we have agreed to state to the director of Steel Erecting Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Steel Erecting Services Limited and its director for our work or for this report.

It is your duty to ensure that Steel Erecting Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Steel Erecting Services Limited. You consider that Steel Erecting Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Steel Erecting Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA


12 September 2024

STEEL ERECTING SERVICES LIMITED (REGISTERED NUMBER: 04993918)

Balance Sheet
29 February 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 50,091 66,788
50,091 66,788

Current assets
Stocks 5,500 5,000
Debtors 6 52,382 37,053
Cash at bank 13,866 31,221
71,748 73,274
Creditors
Amounts falling due within one year 7 96,098 100,220
Net current liabilities (24,350 ) (26,946 )
Total assets less current liabilities 25,741 39,842

Creditors
Amounts falling due after more than one
year

8

(13,333

)

(23,333

)

Provisions for liabilities 9 (12,017 ) (12,690 )
Net assets 391 3,819

Capital and reserves
Called up share capital 10 2 2
Retained earnings 389 3,817
Shareholders' funds 391 3,819

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 ERECTING SERVICES LIMITED (REGISTERED NUMBER: 04993918)

Balance Sheet - continued
29 February 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 Comprehensive Income has not been delivered.

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





R W Dowler - Director


STEEL ERECTING SERVICES LIMITED (REGISTERED NUMBER: 04993918)

Notes to the Financial Statements
for the year ended 29 February 2024


1. Statutory information

Steel Erecting Services 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 (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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% on reducing balance
Fixtures and fittings - 25% 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.

STEEL ERECTING SERVICES LIMITED (REGISTERED NUMBER: 04993918)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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.

3. Employees and directors

The average number of employees during the year was 15 (2023 - 15 ) .

4. Intangible fixed assets
Goodwill
£
Cost
At 1 March 2023
and 29 February 2024 74,000
Amortisation
At 1 March 2023
and 29 February 2024 74,000
Net book value
At 29 February 2024 -
At 28 February 2023 -

STEEL ERECTING SERVICES LIMITED (REGISTERED NUMBER: 04993918)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


5. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£ £ £
Cost
At 1 March 2023
and 29 February 2024 178,636 12,240 190,876
Depreciation
At 1 March 2023 113,778 10,310 124,088
Charge for year 16,214 483 16,697
At 29 February 2024 129,992 10,793 140,785
Net book value
At 29 February 2024 48,644 1,447 50,091
At 28 February 2023 64,858 1,930 66,788

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 12,839 7,813
Other debtors 39,543 29,240
52,382 37,053

7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 3,969
Trade creditors 32,344 47,633
Taxation and social security 47,161 31,772
Other creditors 6,593 6,846
96,098 100,220

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 13,333 23,333

9. Provisions for liabilities
2024 2023
£ £
Deferred tax 12,017 12,690

STEEL ERECTING SERVICES LIMITED (REGISTERED NUMBER: 04993918)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


9. Provisions for liabilities - continued

Deferred tax
£
Balance at 1 March 2023 12,690
Provided during year (673 )
Balance at 29 February 2024 12,017

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary £1 2 2

11. Director's advances, credits and guarantees

During the year a director operated an overdrawn current account which constitutes an advance by the company. The balance on the current account as at 28 February 2024 was £29,240 (2023:£29,240). Interest is charged on this at a rate of 2.5% per annum. The loan is unsecured and repayable on demand.