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Registered number: 13709169
JAK Steel Group Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Contents
Page
Accountant's Report 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of JAK Steel Group Limited for the year ended 30 June 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of JAK Steel Group Limited which comprise the Profit and Loss Account, 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 of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of JAK Steel Group Limited , as a body, in accordance with the terms of our engagement letter dated 25 January 2023. Our work has been undertaken solely to prepare for your approval the accounts of JAK Steel Group Limited and state those matters that we have agreed to state to the director of JAK Steel Group Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JAK Steel Group Limited and its director as a body for our work or for this report.
It is your duty to ensure that JAK Steel Group Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of JAK Steel Group Limited . You consider that JAK Steel Group 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 accounts of JAK Steel Group 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 financial statements.
Signed
24th February 2025
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Balance Sheet
Registered number: 13709169
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 13,705 65,827
Investments 5 250,180 250,180
Cash at bank and in hand - 20
263,885 316,027
Creditors: Amounts Falling Due Within One Year 6 (983 ) (1,200 )
NET CURRENT ASSETS (LIABILITIES) 262,902 314,827
TOTAL ASSETS LESS CURRENT LIABILITIES 262,902 314,827
Creditors: Amounts Falling Due After More Than One Year 7 (262,898 ) (314,823 )
NET ASSETS 4 4
CAPITAL AND RESERVES
Called up share capital 9 4 4
SHAREHOLDERS' FUNDS 4 4
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Daniel Jones
Director
24th February 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
JAK Steel Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13709169 . The registered office is Unit 3, Building 2, The Colony Wilmslow, Altrincham Road, Wilmslow, Cheshire, SK9 4LY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 13,705 65,827
5. Current Asset Investments
2024 2023
£ £
Shares in subsidiaries 250,180 250,180
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 983 1,200
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings 262,898 314,823
8. Secured Creditors
The company has a fixed and floating charge against all present and future freehold and leasehold property. This charge is in place as a guarantee over a debenture within the accounts for Jak Steel & Supplies Limited, a subsidiary of Jak Steel Group Limited.
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
3 Ordinary A shares of £ 1 each 3 3
1 Ordinary B shares of £ 1 each 1 1
4 4
Page 3
Page 4
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Daniel Jones 65,827 18,677 70,874 - 13,630
The above loan is unsecured and repayable on demand.
11. Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial reporting Standard 102 'The financial Reporting
Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned
subsidiaries or parent comapnies within the group.
Page 4