Caseware UK (AP4) 2023.0.135 2023.0.135 122023-05-01falseNo description of principal activity10falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10731640 2023-05-01 2024-04-30 10731640 2022-05-01 2023-04-30 10731640 2024-04-30 10731640 2023-04-30 10731640 c:Director1 2023-05-01 2024-04-30 10731640 c:Director2 2023-05-01 2024-04-30 10731640 d:PlantMachinery 2023-05-01 2024-04-30 10731640 d:PlantMachinery 2024-04-30 10731640 d:PlantMachinery 2023-04-30 10731640 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10731640 d:MotorVehicles 2023-05-01 2024-04-30 10731640 d:MotorVehicles 2024-04-30 10731640 d:MotorVehicles 2023-04-30 10731640 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10731640 d:FurnitureFittings 2023-05-01 2024-04-30 10731640 d:FurnitureFittings 2024-04-30 10731640 d:FurnitureFittings 2023-04-30 10731640 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10731640 d:OfficeEquipment 2023-05-01 2024-04-30 10731640 d:OfficeEquipment 2024-04-30 10731640 d:OfficeEquipment 2023-04-30 10731640 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10731640 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10731640 d:CurrentFinancialInstruments 2024-04-30 10731640 d:CurrentFinancialInstruments 2023-04-30 10731640 d:Non-currentFinancialInstruments 2024-04-30 10731640 d:Non-currentFinancialInstruments 2023-04-30 10731640 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 10731640 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10731640 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 10731640 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 10731640 d:ShareCapital 2024-04-30 10731640 d:ShareCapital 2023-04-30 10731640 d:RetainedEarningsAccumulatedLosses 2024-04-30 10731640 d:RetainedEarningsAccumulatedLosses 2023-04-30 10731640 c:OrdinaryShareClass1 2023-05-01 2024-04-30 10731640 c:OrdinaryShareClass1 2024-04-30 10731640 c:OrdinaryShareClass1 2023-04-30 10731640 c:OrdinaryShareClass2 2023-05-01 2024-04-30 10731640 c:OrdinaryShareClass2 2024-04-30 10731640 c:OrdinaryShareClass2 2023-04-30 10731640 c:OrdinaryShareClass3 2023-05-01 2024-04-30 10731640 c:OrdinaryShareClass3 2024-04-30 10731640 c:OrdinaryShareClass3 2023-04-30 10731640 c:OrdinaryShareClass4 2023-05-01 2024-04-30 10731640 c:OrdinaryShareClass4 2024-04-30 10731640 c:OrdinaryShareClass4 2023-04-30 10731640 c:FRS102 2023-05-01 2024-04-30 10731640 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 10731640 c:FullAccounts 2023-05-01 2024-04-30 10731640 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10731640 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10731640










GM Steel Erectors Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 30 April 2024

 
GM Steel Erectors Limited
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of GM Steel Erectors Limited for the Year Ended 30 April 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 GM Steel Erectors Limited for the year ended 30 April 2024 which comprise  the Balance Sheet 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 https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of GM Steel Erectors Limited, as a body, in accordance with the terms of our engagement letter dated 28 November 2023Our work has been undertaken solely to prepare for your approval the financial statements of GM Steel Erectors Limited and state those matters that we have agreed to state to the Board of Directors of GM Steel Erectors Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GM Steel Erectors Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that GM Steel Erectors 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 GM Steel Erectors Limited. You consider that GM Steel Erectors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of GM Steel Erectors 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.

  



Kreston Reeves LLP
Chartered Accountants
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
28 January 2025
Page 1

 
GM Steel Erectors Limited
Registered number: 10731640

Balance Sheet
As at 30 April 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
  
77,599
66,707

  
77,599
66,707

Current assets
  

Debtors: amounts falling due within one year
 5 
126,537
117,969

Cash at bank and in hand
  
1,530
61,272

  
128,067
179,241

Creditors: amounts falling due within one year
 6 
(127,879)
(139,905)

Net current assets
  
 
 
188
 
 
39,336

Total assets less current liabilities
  
77,787
106,043

Creditors: amounts falling due after more than one year
 7 
(37,468)
(37,591)

  

Net assets
  
40,319
68,452


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
40,219
68,352

  
40,319
68,452


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


................................................
G R Kingston
................................................
M H Elliott
Director
Director
Date: 27 January 2025
Date:27 January 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
GM Steel Erectors Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

1.


General information

The Company is a private company limited by share capital incorporated in England, within the United Kingdom. The Company's registered office is: 21 Dawn Crescent, Upper Beeding, Steyning, BN44 3WH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
GM Steel Erectors Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight line
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
straight line
Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
GM Steel Erectors Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

2.Accounting policies (continued)

 
2.9

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.



3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2023 - 12). 


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost


At 1 May 2023
7,473
105,606
372
6,440
119,891


Additions
-
27,529
-
1,114
28,643



At 30 April 2024

7,473
133,135
372
7,554
148,534



Depreciation


At 1 May 2023
5,743
43,766
236
3,439
53,184


Charge for the year on owned assets
844
15,460
65
1,382
17,751



At 30 April 2024

6,587
59,226
301
4,821
70,935



Net book value



At 30 April 2024
886
73,909
71
2,733
77,599



At 30 April 2023
1,730
61,840
136
3,001
66,707

Page 5

 
GM Steel Erectors Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

5.


Debtors

2024
2023
£
£


Trade debtors
89,724
101,174

Other debtors
19,440
11,452

Prepayments and accrued income
17,373
5,343

126,537
117,969



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
7,099
-

Bank loans
10,106
9,851

Trade creditors
24,810
38,840

Corporation tax
44,274
39,937

Other taxation and social security
5,148
8,340

Obligations under finance lease and hire purchase contracts
16,254
8,246

Other creditors
2,073
24,143

Accruals and deferred income
18,115
10,548

127,879
139,905



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
16,426
26,504

Net obligations under finance leases and hire purchase contracts
21,042
11,087

37,468
37,591


Page 6

 
GM Steel Erectors Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



45 (2023 - 45) A Ordinary shares of £1 each
45
45
45 (2023 - 45) B Ordinary shares of £1 each
45
45
5 (2023 - 5) C Ordinary shares of £1 each
5
5
5 (2023 - 5) D Ordinary shares of £1 each
5
5

100

100



Page 7