01 September 2023 31 August 2024 No principle activity is included 08036191 2023-09-01 08036191 2024-08-31 08036191 2023-09-01 2024-08-31 08036191 2023-08-31 08036191 2022-09-01 2023-08-31 08036191 uk-core:WithinOneYear 2024-08-31 08036191 uk-core:WithinOneYear 2023-08-31 08036191 uk-core:AfterOneYear 2024-08-31 08036191 uk-core:AfterOneYear 2023-08-31 08036191 uk-core:ShareCapital 2024-08-31 08036191 uk-core:ShareCapital 2023-08-31 08036191 uk-core:OtherReservesSubtotal 2024-08-31 08036191 uk-core:OtherReservesSubtotal 2023-08-31 08036191 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 08036191 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 08036191 uk-curr:PoundSterling 2023-09-01 2024-08-31 08036191 uk-core:PlantMachinery 2023-09-01 2024-08-31 08036191 uk-core:Vehicles 2023-09-01 2024-08-31 08036191 uk-core:FurnitureFittings 2023-09-01 2024-08-31 08036191 uk-core:OfficeEquipment 2023-09-01 2024-08-31 08036191 uk-core:WithinOneYear 2023-09-01 2024-08-31 08036191 uk-core:BetweenOneTwoYears 2024-08-31 08036191 uk-core:BetweenOneTwoYears 2023-08-31 08036191 uk-core:BetweenTwoFiveYears 2024-08-31 08036191 uk-core:BetweenTwoFiveYears 2023-08-31 08036191 uk-bus:AllOrdinaryShares 2023-09-01 2024-08-31 08036191 uk-bus:AllOrdinaryShares 2022-09-01 2023-08-31 08036191 uk-bus:FRS102 2023-09-01 2024-08-31 08036191 uk-bus:FullAccounts 2023-09-01 2024-08-31 08036191 uk-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08036191 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  BOLTON STEEL STRUCTURES LTD
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 31 AUGUST 2024
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  BOLTON STEEL STRUCTURES LTD
  Company registered number: 08036191
  ABRIDGED STATEMENT OF FINANCIAL POSITION AT 31 August 2024
           
    Note 2024 2023
      £ £ £
  FIXED ASSETS
  Property, plant and equipment 594,193 477,700
  CURRENT ASSETS    
  Inventories   1,289,048 801,002
  Debtors 4 1,357,610 1,526,130
  Cash at bank and in hand   590,357 507,441
      3,237,015 2,834,573
  CREDITORS: Amounts falling due within one year 5 2,000,329 1,875,244
  NET CURRENT ASSETS   1,236,686 959,329
  TOTAL ASSETS LESS CURRENT LIABILITIES   1,830,879 1,437,029
           
  CREDITORS: Amounts falling due after more than one year 6 (214,302) (229,991)
  NET ASSETS   £1,616,577 £1,207,038
       
  CAPITAL AND RESERVES
  Called up share capital   100 100
  Other reserves   50 50
  Retained earnings   1,616,427 1,206,888
  SHAREHOLDERS' FUNDS   £1,616,577 £1,207,038
       
  page 1
  BOLTON STEEL STRUCTURES LTD
  Company registered number: 08036191
  ABRIDGED STATEMENT OF FINANCIAL POSITION AT 31 August 2024 (CONT.)
           
       
       
  In approving these financial statements as directors of the company we hereby confirm the following:
       
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
       
  The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for: 1) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
       
  These financial statements have been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies
       
  All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 August 2024 in accordance with Section 444 (2A) of the Companies Act 2006
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered
  The financial statements were approved and authorised for issue by the board of directors on 28 October 2024
 
  Signed on behalf of the board of directors
 
 
       
  N Maddison, Director
       
       
  page 2
  BOLTON STEEL STRUCTURES LTD
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 31 AUGUST 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
1a. Basis of accounting
         
  These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1b. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1c. Taxation
         
         
  Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
       
1d. Property, plant and equipment
       
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
       
  Plant and machinery Reducing balance 25%  
  Vehicles Reducing balance 25%  
  Fixtures and fittings Reducing balance 15%  
  Equipment Reducing balance 15%  
         
1e. Inventories
         
  Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.
         
         
1f. Leased assets
         
  Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.
         
 
         
         
1g. Employee benefits
         
  The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.
         
  page 3
  BOLTON STEEL STRUCTURES LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 AUGUST 2024
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the year were as follows:
    2024 2023
    No. No.
  Management and administration 9 8
  Production and sales 40 40
    49 48
   
       
3. FIXED ASSETS
    Property Total
    plant &  
    equipment  
    £ £
  Cost or valuation
  At 1 September 2023 803,732 803,732
  Additions 231,962 231,962
  At 31 August 2024 1,035,694 1,035,694
   
  Provision for depreciation,
  amortisation and impairment
  At 1 September 2023 326,032 326,032
  For the year 115,469 115,469
  At 31 August 2024 441,501 441,501
   
  Net Book Value
       
  At 31 August 2024 594,193 594,193
  At 31 August 2023 477,700 477,700
   
       
       
4. DEBTORS 2024 2023
    £ £
  Trade debtors 1,071,460 1,371,982
  Social security and other taxes 153,022 45,270
  Other debtors 133,128 108,878
    £1,357,610 £1,526,130
   
  page 4
  BOLTON STEEL STRUCTURES LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 AUGUST 2024
       
       
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2024 2023
    £ £
  Debenture loans (3,158) -
  Bank loans and overdrafts 70,000 70,000
  Finance leases and hire purchase contracts 69,336 36,022
  Trade creditors 1,630,953 1,144,717
  Amounts owed to group undertakings - 350,000
  Corporation tax 101,310 152,941
  Other taxes and social security 67,786 75,331
  Other creditors 4,272 3,250
  Accruals and deferred income 59,830 42,983
    £2,000,329 £1,875,244
   
  The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets.The finance leases and hire purchase contracts are secured on the assets concerned.
       
       
6. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
    2024 2023
    £ £
  Bank loans and overdrafts 87,500 157,500
  Finance leases and hire purchase contracts 126,802 72,491
    £214,302 £229,991
   
       
  Analysis of borrowings:
       
  Due within five years:
  within 1 year
  bank 70,000 70,000
  leases 69,336 36,022
  other (3,158) -
  within 1-2 years
  bank 70,000 70,000
  leases 51,556 28,307
  within 2-5 years
  bank 17,500 87,500
  leases 75,246 44,184
    £350,480 £336,013
   
       
       
7. DIVIDENDS 2024 2023
    £ £
  Ordinary dividends:-
  Final paid - 350,000
    £- £350,000
   
  page 5
  BOLTON STEEL STRUCTURES LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 AUGUST 2024
       
8. COMPANY INFORMATION
       
  The company is registered in England and its registered number is 08036191.The company is a private company limited by shares. Its registered office is 74 St George's Road, Bolton, Lancashire, BL1 2DD.
       
       
       
       
9. RELATED PARTY TRANSACTIONS
       
  The company is a wholly owned subsidiary of Bolton Steel Structures Holdings Limited. The registered office of Bolton Steel Structures Holdings Limited is 74 St George's Road, Bolton, Lancashire, BL1 2DD.
       
  In accordance with FRS102, Section 33 'Related Party Transactions', transactions with other group undertakings owned 100% within the group have not been disclosed in these financial statements.
       
       
       
       
       
  page 6