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REGISTERED NUMBER: 04251895 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

A J STEEL FABRICATIONS LTD

A J STEEL FABRICATIONS LTD (REGISTERED NUMBER: 04251895)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A J STEEL FABRICATIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: J A Walker
A K Smith
Mrs M E Walker
Mrs A J Smith





SECRETARY: Mrs M E Walker





REGISTERED OFFICE: Unit 1
Catfoss Industrial Estate
Bewholme Lane
BRANDESBURTON
East Yorkshire
YO25 8ES





REGISTERED NUMBER: 04251895 (England and Wales)





ACCOUNTANTS: Jackson Robson Licence
Chartered Accountants
33-35 Exchange Street
Driffield
East Yorkshire
YO25 6LL

A J STEEL FABRICATIONS LTD (REGISTERED NUMBER: 04251895)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 170,390 78,277
170,390 78,277

CURRENT ASSETS
Stocks 15,296 125,352
Debtors 6 252,602 489,210
Cash at bank and in hand 623,794 445,248
891,692 1,059,810
CREDITORS
Amounts falling due within one year 7 244,041 264,416
NET CURRENT ASSETS 647,651 795,394
TOTAL ASSETS LESS CURRENT
LIABILITIES

818,041

873,671

PROVISIONS FOR LIABILITIES 14,065 14,065
NET ASSETS 803,976 859,606

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 802,976 858,606
SHAREHOLDERS' FUNDS 803,976 859,606

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 STEEL FABRICATIONS LTD (REGISTERED NUMBER: 04251895)

BALANCE SHEET - continued
31 JULY 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 20 March 2025 and were signed on its behalf by:




J A Walker - Director



A K Smith - Director


A J STEEL FABRICATIONS LTD (REGISTERED NUMBER: 04251895)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

A J Steel Fabrications Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of ten years.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

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.

A J STEEL FABRICATIONS LTD (REGISTERED NUMBER: 04251895)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 30,000
AMORTISATION
At 1 August 2023
and 31 July 2024 30,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 152,824 7,462 82,200 25,204 267,690
Additions 28,891 13,226 85,340 1,977 129,434
At 31 July 2024 181,715 20,688 167,540 27,181 397,124
DEPRECIATION
At 1 August 2023 104,812 4,835 60,916 18,850 189,413
Charge for year 11,048 2,865 21,325 2,083 37,321
At 31 July 2024 115,860 7,700 82,241 20,933 226,734
NET BOOK VALUE
At 31 July 2024 65,855 12,988 85,299 6,248 170,390
At 31 July 2023 48,012 2,627 21,284 6,354 78,277

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 249,163 409,401
Other debtors 3,439 79,809
252,602 489,210

A J STEEL FABRICATIONS LTD (REGISTERED NUMBER: 04251895)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 83,681 251,074
Taxation and social security 155,475 8,779
Other creditors 4,885 4,563
244,041 264,416

8. RELATED PARTY DISCLOSURES

The company owed the directors £653 at the beginning of the year.

Loan repayments of £178 were made during the year, the balance at the end of the financial year was £475.

9. ULTIMATE CONTROLLING PARTY

The director shareholdings are as follows:

J A Walker - 250 shares
A K Smith - 250 shares
M E Walker - 250 shares
A J Smith - 250 shares

There is therefore no ultimate controlling party.