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REGISTERED NUMBER: 10693338 (England and Wales)















REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

SPECIFIC STEEL STRUCTURES LIMITED

SPECIFIC STEEL STRUCTURES LIMITED (Registered number: 10693338)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


SPECIFIC STEEL STRUCTURES LIMITED

COMPANY INFORMATION
for the Year Ended 31 MAY 2024







DIRECTORS: J W Chalkley
Mrs K K Chalkley



SECRETARY: Mrs K K Chalkley



REGISTERED OFFICE: 52, Kelso Close,
Rayleigh,
Essex
SS6 9RT



REGISTERED NUMBER: 10693338 (England and Wales)



ACCOUNTANTS: Bennett & Co
The Annexe
Minerva House
Bordyke
Tonbridge
Kent
TN9 1NR



BANKERS: National Westminster Bank PLC

SPECIFIC STEEL STRUCTURES LIMITED (Registered number: 10693338)

REPORT OF THE DIRECTORS
for the Year Ended 31 MAY 2024

The directors present their report with the financial statements of the company for the year ended 31 May 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Engineering Design Consultants.

DIVIDENDS
An interim dividend of £270 per share was paid on 31 March 2024. The directors recommend a final dividend of £180 per share, making a total of £450 per share for the year ended 31 May 2024.

The total distribution of dividends for the year ended 31 May 2024 will be £ 45,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 June 2023 to the date of this report.

J W Chalkley
Mrs K K Chalkley

ON BEHALF OF THE BOARD:





J W Chalkley - Director


12 March 2025

SPECIFIC STEEL STRUCTURES LIMITED (Registered number: 10693338)

INCOME STATEMENT
for the Year Ended 31 MAY 2024

31.5.24 31.5.23
Notes £    £   

TURNOVER 120,728 104,408

Administrative expenses 54,427 48,563
OPERATING PROFIT 4 66,301 55,845


Interest payable and similar expenses 4,884 4,764
PROFIT BEFORE TAXATION 61,417 51,081

Tax on profit 5 12,119 9,600
PROFIT FOR THE FINANCIAL YEAR 49,298 41,481

SPECIFIC STEEL STRUCTURES LIMITED (Registered number: 10693338)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 4,000 2,000

CURRENT ASSETS
Debtors 8 215 215
Cash at bank and in hand 39,122 32,507
39,337 32,722
CREDITORS
Amounts falling due within one year 9 18,080 13,763
NET CURRENT ASSETS 21,257 18,959
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,257

20,959

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 25,157 20,859
SHAREHOLDERS' FUNDS 25,257 20,959

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

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:




J W Chalkley - Director



Mrs K K Chalkley - Director


SPECIFIC STEEL STRUCTURES LIMITED (Registered number: 10693338)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2024

1. STATUTORY INFORMATION

SPECIFIC STEEL STRUCTURES 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.

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.

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.

3. EMPLOYEES AND DIRECTORS
31.5.24 31.5.23
£    £   
Wages and salaries 23,304 21,204

The average number of employees during the year was as follows:
31.5.24 31.5.23

Management 2 2

31.5.24 31.5.23
£    £   
Directors' remuneration 12,300 11,700

SPECIFIC STEEL STRUCTURES LIMITED (Registered number: 10693338)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2024

4. OPERATING PROFIT

The operating profit is stated after charging:

31.5.24 31.5.23
£    £   
Depreciation - owned assets 867 600

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.5.24 31.5.23
£    £   
Current tax:
UK corporation tax 12,000 9,600
Adjustment in respect of
previous year 119 -

Tax on profit 12,119 9,600

UK corporation tax has been charged at 20% (2023 - 19%).

6. DIVIDENDS
31.5.24 31.5.23
£    £   
Ordinary shares of £1 each
Final 18,000 9,000
Interim 27,000 27,000
45,000 36,000

7. TANGIBLE FIXED ASSETS
Office &
Computer
Equipment
£   
COST
At 1 June 2023 5,095
Additions 2,867
At 31 May 2024 7,962
DEPRECIATION
At 1 June 2023 3,095
Charge for year 867
At 31 May 2024 3,962
NET BOOK VALUE
At 31 May 2024 4,000
At 31 May 2023 2,000

SPECIFIC STEEL STRUCTURES LIMITED (Registered number: 10693338)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Prepayments 215 215

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Corporation Tax 12,000 9,600
Value Added Tax 2,263 2,457
Directors Current Accounts 417 56
Accrued Expenses 3,400 1,650
18,080 13,763

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 June 2023 20,859
Profit for the year 49,298
Dividends (45,000 )
At 31 May 2024 25,157