0 false false false false false false false true false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 274,780 130,203 144,577 144,577 xbrli:pure xbrli:shares iso4217:GBP 8745237 2023-04-01 2024-03-31 8745237 2024-03-31 8745237 2023-03-31 8745237 2022-04-01 2023-03-31 8745237 2023-03-31 8745237 2022-03-31 8745237 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 8745237 bus:Director1 2023-04-01 2024-03-31 8745237 bus:Director2 2023-04-01 2024-03-31 8745237 core:WithinOneYear 2024-03-31 8745237 core:WithinOneYear 2023-03-31 8745237 core:ShareCapital 2024-03-31 8745237 core:ShareCapital 2023-03-31 8745237 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 8745237 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2024-03-31 8745237 core:Non-currentFinancialInstruments 2024-03-31 8745237 core:Non-currentFinancialInstruments 2023-03-31 8745237 bus:SmallEntities 2023-04-01 2024-03-31 8745237 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 8745237 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 8745237 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 8745237 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 8745237
W D Steel (Holdings) Ltd
Filleted Unaudited Financial Statements
31 March 2024
W D Steel (Holdings) Ltd
Financial Statements
Year ended 31 March 2024
Contents
Pages
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
3 to 4
W D Steel (Holdings) Ltd
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of W D Steel (Holdings) Ltd
Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of W D Steel (Holdings) Ltd for the year ended 31 March 2024, which comprise the statement of financial position 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 at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of W D Steel (Holdings) Ltd, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of W D Steel (Holdings) Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than W D Steel (Holdings) Ltd and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that W D Steel (Holdings) Ltd 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 W D Steel (Holdings) Ltd. You consider that W D Steel (Holdings) Ltd 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 W D Steel (Holdings) Ltd. 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.
HEBBLETHWAITES Chartered Accountants
2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ
8 November 2024
W D Steel (Holdings) Ltd
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Investments
4
144,577
144,577
Creditors: amounts falling due within one year
5
143,977
143,977
---------
---------
Net current liabilities
143,977
143,977
---------
---------
Total assets less current liabilities
600
600
----
----
Capital and reserves
Called up share capital
600
600
----
----
Shareholders funds
600
600
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 7 November 2024 , and are signed on behalf of the board by:
Mr C Lilleyman
Mr N Lilleyman
Director
Director
Company registration number: 8745237
W D Steel (Holdings) Ltd
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Downgate Drive, Sheffield, S4 8BU.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders funds during the current year or prior year.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Investments
Shares in group undertakings
£
Cost
At 1 April 2023 and 31 March 2024
274,780
---------
Impairment
At 1 April 2023 and 31 March 2024
130,203
---------
Carrying amount
At 31 March 2024
144,577
---------
At 31 March 2023
144,577
---------
The company owns 100% of the issued share capital of W.D. Steel Co. Limited.
5. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
143,977
143,977
---------
---------
6. Related party transactions
The company was under the control of the directors, Mr C Lilleyman and Mr N Lilleyman , throughout the current period. During the period there were transactions with other companies under common control. At 31 March 2024 creditors included £143,977 (2023: £143,977) owing to John S Shackleton (Sheffield) Limited. These loans have no formal repayment terms and are interest free.