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REGISTERED NUMBER: 02999165 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

PRESSED STEEL HERITAGE LIMITED

PRESSED STEEL HERITAGE LIMITED (REGISTERED NUMBER: 02999165)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRESSED STEEL HERITAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: N P Bunt
M J Smith





SECRETARY: M J Smith





REGISTERED OFFICE: 90 Hockley Road
Rayleigh
Essex
SS6 8EP





REGISTERED NUMBER: 02999165 (England and Wales)





ACCOUNTANTS: ESW Chartered Accountants
162-164 High Street
Rayleigh
Essex
SS6 7BS

PRESSED STEEL HERITAGE LIMITED (REGISTERED NUMBER: 02999165)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 85,914

CURRENT ASSETS
Stocks - 4,397
Debtors 5 16,920 8,284
Cash at bank - 3,672
16,920 16,353
CREDITORS
Amounts falling due within one year 6 - (33,389 )
NET CURRENT ASSETS/(LIABILITIES) 16,920 (17,036 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,920

68,878

PROVISIONS FOR LIABILITIES 7 - (9,903 )
NET ASSETS 16,920 58,975

CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Share premium 50 50
Revaluation reserve 8 - 42,449
Retained earnings 1,870 1,476
SHAREHOLDERS' FUNDS 16,920 58,975

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

PRESSED STEEL HERITAGE LIMITED (REGISTERED NUMBER: 02999165)

BALANCE SHEET - continued
31ST DECEMBER 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 6th February 2025 and were signed on its behalf by:





M J Smith - Director


PRESSED STEEL HERITAGE LIMITED (REGISTERED NUMBER: 02999165)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Pressed Steel Heritage 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.

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 as modified by the revaluation of certain assets.

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:

Rolling stock-2.5% straight line basis
Office equipment-25% straight line basis

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.

PRESSED STEEL HERITAGE LIMITED (REGISTERED NUMBER: 02999165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.
Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

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

PRESSED STEEL HERITAGE LIMITED (REGISTERED NUMBER: 02999165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Rolling Office
stock equipment Totals
£    £    £   
COST OR VALUATION
At 1st January 2024 97,972 275 98,247
Disposals (97,972 ) - (97,972 )
At 31st December 2024 - 275 275
DEPRECIATION
At 1st January 2024 12,058 275 12,333
Charge for year 2,449 - 2,449
Eliminated on disposal (14,507 ) - (14,507 )
At 31st December 2024 - 275 275
NET BOOK VALUE
At 31st December 2024 - - -
At 31st December 2023 85,914 - 85,914

Cost or valuation at 31st December 2024 is represented by:

Office
equipment
£   
Valuation in 2020 275

If rolling stock had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 52,356 52,356
Aggregate depreciation 8,891 8,891

Rolling stock was valued on an open market basis on 31st December 2020 by the directors. .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 8,284
Other debtors 16,920 -
16,920 8,284

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 389
Other creditors - 33,000
- 33,389

PRESSED STEEL HERITAGE LIMITED (REGISTERED NUMBER: 02999165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax - 9,903

Deferred
tax
£   
Balance at 1st January 2024 9,903
Accelerated capital allowances
Balance at 31st December 2024 9,903

8. RESERVES
Revaluation
reserve
£   
At 1st January 2024 42,449
Depreciation movement (42,449 )

At 31st December 2024 -