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REGISTERED NUMBER: 06936738 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

A J B STEEL PRODUCTS LIMITED

A J B STEEL PRODUCTS LIMITED (REGISTERED NUMBER: 06936738)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A J B STEEL PRODUCTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: A J Bean
Mrs J A Bean





REGISTERED OFFICE: 77 Notley Road
Braintree
Essex
CM7 1HE





REGISTERED NUMBER: 06936738 (England and Wales)





ACCOUNTANTS: RE Group Accountants Limited
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ

A J B STEEL PRODUCTS LIMITED (REGISTERED NUMBER: 06936738)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 251,940 208,796
251,940 208,796

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 5 129,099 148,267
Cash at bank 103,480 136,589
235,579 287,856
CREDITORS
Amounts falling due within one year 6 83,090 119,210
NET CURRENT ASSETS 152,489 168,646
TOTAL ASSETS LESS CURRENT LIABILITIES 404,429 377,442

PROVISIONS FOR LIABILITIES 18,420 5,293
NET ASSETS 386,009 372,149

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 386,007 372,147
386,009 372,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

A J B STEEL PRODUCTS LIMITED (REGISTERED NUMBER: 06936738)

BALANCE SHEET - continued
30 JUNE 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 Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:





A J Bean - Director


A J B STEEL PRODUCTS LIMITED (REGISTERED NUMBER: 06936738)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

A J B STEEL PRODUCTS LIMITED (REGISTERED NUMBER: 06936738)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 20,000
AMORTISATION
At 1 July 2023
and 30 June 2024 20,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 182,839 99,841 282,680
Additions - 59,510 59,510
Disposals - (15,000 ) (15,000 )
At 30 June 2024 182,839 144,351 327,190
DEPRECIATION
At 1 July 2023 - 73,884 73,884
Charge for year - 15,960 15,960
Eliminated on disposal - (14,594 ) (14,594 )
At 30 June 2024 - 75,250 75,250
NET BOOK VALUE
At 30 June 2024 182,839 69,101 251,940
At 30 June 2023 182,839 25,957 208,796

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 124,249 143,465
Other debtors 4,850 4,802
129,099 148,267

A J B STEEL PRODUCTS LIMITED (REGISTERED NUMBER: 06936738)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 17,374 14,621
Taxation and social security 29,919 63,242
Other creditors 35,797 41,347
83,090 119,210