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Company Registration No. 07923536 (England and Wales)
LADYPOOL STEELS LTD Unaudited accounts for the year ended 31 January 2024
LADYPOOL STEELS LTD Unaudited accounts Contents
Page
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LADYPOOL STEELS LTD Company Information for the year ended 31 January 2024
Director
Areff Hassan
Secretary
Areff Hassan
Company Number
07923536 (England and Wales)
Registered Office
Unit 5 Highgate Business Centre Highgate Road Birmingham WEST MIDLANDS B12 8EA
Accountants
Mayfield 1st Floor, 5 Highgate Business Centre Highgate Road Birmingham B12 8EA
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LADYPOOL STEELS LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
86,606 
97,622 
Current assets
Inventories
85,650 
80,471 
Debtors
266,681 
82,711 
Cash at bank and in hand
396,701 
460,652 
749,032 
623,834 
Creditors: amounts falling due within one year
(133,802)
(139,819)
Net current assets
615,230 
484,015 
Total assets less current liabilities
701,836 
581,637 
Provisions for liabilities
Deferred tax
(21,652)
(24,406)
Net assets
680,184 
557,231 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
680,183 
557,230 
Shareholders' funds
680,184 
557,231 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 July 2024 and were signed on its behalf by
Areff Hassan Director Company Registration No. 07923536
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LADYPOOL STEELS LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
LADYPOOL STEELS LTD is a private company, limited by shares, registered in England and Wales, registration number 07923536. The registered office is Unit 5 Highgate Business Centre, Highgate Road, Birmingham, WEST MIDLANDS, B12 8EA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% reducing balance basis
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2023
129,535 
Additions
7,995 
At 31 January 2024
137,530 
Depreciation
At 1 February 2023
31,913 
Charge for the year
19,011 
At 31 January 2024
50,924 
Net book value
At 31 January 2024
86,606 
At 31 January 2023
97,622 
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LADYPOOL STEELS LTD Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
15,712 
36,399 
Other debtors
250,969 
46,312 
266,681 
82,711 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
5,834 
8,046 
Taxes and social security
127,968 
131,678 
Other creditors
- 
95 
133,802 
139,819 
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
21,652 
24,406 
2024 
2023 
£ 
£ 
Provision at start of year
24,406 
8,609 
(Credited)/charged to the profit and loss account
(2,754)
15,797 
Provision at end of year
21,652 
24,406 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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