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REGISTERED NUMBER: 06494005 (England and Wales)















BJ HUGHES METALS (COSELEY) LIMITED

Unaudited Financial Statements for the Year Ended 29 February 2024






BJ HUGHES METALS (COSELEY) LIMITED (REGISTERED NUMBER: 06494005)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

BJ HUGHES METALS (COSELEY) LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTOR: B J Hughes





REGISTERED OFFICE: Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB





REGISTERED NUMBER: 06494005 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

BJ HUGHES METALS (COSELEY) LIMITED (REGISTERED NUMBER: 06494005)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 371,077 288,937

CURRENT ASSETS
Stocks 32,000 22,000
Debtors 5 142,232 224,498
Cash at bank 595,837 585,743
770,069 832,241
CREDITORS
Amounts falling due within one year 6 243,526 236,859
NET CURRENT ASSETS 526,543 595,382
TOTAL ASSETS LESS CURRENT
LIABILITIES

897,620

884,319

CREDITORS
Amounts falling due after more than one
year

7

(16,667

)

(29,167

)

PROVISIONS FOR LIABILITIES (92,769 ) (72,235 )
NET ASSETS 788,184 782,917

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 788,183 782,916
SHAREHOLDERS' FUNDS 788,184 782,917

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.

BJ HUGHES METALS (COSELEY) LIMITED (REGISTERED NUMBER: 06494005)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2024 and were signed by:





B J Hughes - Director


BJ HUGHES METALS (COSELEY) LIMITED (REGISTERED NUMBER: 06494005)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

BJ Hughes Metals (Coseley) 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Commercial vehicles - 10% 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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

BJ HUGHES METALS (COSELEY) LIMITED (REGISTERED NUMBER: 06494005)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Commercial
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2023 373,634 7,817 5,825 387,276
Additions 121,055 - - 121,055
At 29 February 2024 494,689 7,817 5,825 508,331
DEPRECIATION
At 1 March 2023 94,690 1,645 2,004 98,339
Charge for year 37,916 617 382 38,915
At 29 February 2024 132,606 2,262 2,386 137,254
NET BOOK VALUE
At 29 February 2024 362,083 5,555 3,439 371,077
At 28 February 2023 278,944 6,172 3,821 288,937

BJ HUGHES METALS (COSELEY) LIMITED (REGISTERED NUMBER: 06494005)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 March 2023
and 29 February 2024 168,630
DEPRECIATION
At 1 March 2023 63,523
Charge for year 6,728
At 29 February 2024 70,251
NET BOOK VALUE
At 29 February 2024 98,379
At 28 February 2023 105,107

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 87,103 155,092
Directors' current accounts 36,379 50,656
Prepayments 18,750 18,750
142,232 224,498

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 45,042 12,500
Social security and other taxes 191,978 214,411
Other creditors - 4,023
Accrued expenses 6,506 5,925
243,526 236,859

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 16,667 29,167

BJ HUGHES METALS (COSELEY) LIMITED (REGISTERED NUMBER: 06494005)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1 Ordinary £1 1 1

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company is owed £nil by the director as at 28 February 2024 (The company owes £36,881 as at 28 February 2023).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is the director.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
BJ Hughes Metals (Coseley) 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 Income Statement 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 BJ Hughes Metals (Coseley) Limited for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 BJ Hughes Metals (Coseley) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of BJ Hughes Metals (Coseley) Limited and state those matters that we have agreed to state to the director of BJ Hughes Metals (Coseley) 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 BJ Hughes Metals (Coseley) Limited and its director for our work or for this report.

It is your duty to ensure that BJ Hughes Metals (Coseley) 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 BJ Hughes Metals (Coseley) Limited. You consider that BJ Hughes Metals (Coseley) 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 BJ Hughes Metals (Coseley) 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.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


29 November 2024