COMPANY REGISTRATION NUMBER:
8745237
Filleted Unaudited Financial Statements |
|
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
W D Steel (Holdings) Ltd |
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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
Statement of Financial Position |
|
31 March 2024
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
;
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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
Notes to the Financial Statements |
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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 |
|
--------- |
|
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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.