Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falseOnsite Welding and Steel Work for the construction Industry.66falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06566907 2023-05-01 2024-04-30 06566907 2022-05-01 2023-04-30 06566907 2024-04-30 06566907 2023-04-30 06566907 c:Director1 2023-05-01 2024-04-30 06566907 d:Buildings d:LongLeaseholdAssets 2023-05-01 2024-04-30 06566907 d:Buildings d:LongLeaseholdAssets 2024-04-30 06566907 d:Buildings d:LongLeaseholdAssets 2023-04-30 06566907 d:Buildings d:ShortLeaseholdAssets 2023-05-01 2024-04-30 06566907 d:PlantMachinery 2023-05-01 2024-04-30 06566907 d:PlantMachinery 2024-04-30 06566907 d:PlantMachinery 2023-04-30 06566907 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06566907 d:ComputerEquipment 2023-05-01 2024-04-30 06566907 d:ComputerEquipment 2024-04-30 06566907 d:ComputerEquipment 2023-04-30 06566907 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06566907 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06566907 d:CurrentFinancialInstruments 2024-04-30 06566907 d:CurrentFinancialInstruments 2023-04-30 06566907 d:Non-currentFinancialInstruments 2024-04-30 06566907 d:Non-currentFinancialInstruments 2023-04-30 06566907 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 06566907 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 06566907 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 06566907 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 06566907 d:ShareCapital 2024-04-30 06566907 d:ShareCapital 2023-04-30 06566907 d:RetainedEarningsAccumulatedLosses 2024-04-30 06566907 d:RetainedEarningsAccumulatedLosses 2023-04-30 06566907 c:OrdinaryShareClass1 2023-05-01 2024-04-30 06566907 c:OrdinaryShareClass1 2024-04-30 06566907 c:FRS102 2023-05-01 2024-04-30 06566907 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06566907 c:FullAccounts 2023-05-01 2024-04-30 06566907 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06566907 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure



Company Registration No. 06566907 (England and Wales)







LOMAS STEEL STRUCTURES LTD

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 APRIL 2024




































Riordan O'Sullivan & Co.
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE

 
LOMAS STEEL STRUCTURES LTD
REGISTERED NUMBER:06566907

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
311,847
341,762

  
311,847
341,762

Current assets
  

Stocks
  
122,768
-

Debtors
 6 
1,143,895
909,037

Cash at bank and in hand
  
25
88,744

  
1,266,688
997,781

Creditors: amounts falling due within one year
 7 
(1,140,533)
(966,325)

Net current assets
  
 
 
126,155
 
 
31,456

Total assets less current liabilities
  
438,002
373,218

Creditors: amounts falling due after more than one year
 8 
(41,391)
(86,523)

  

Net assets
  
396,611
286,695


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
396,511
286,595

  
396,611
286,695


Page 1

 
LOMAS STEEL STRUCTURES LTD
REGISTERED NUMBER:06566907
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 March 2025.


___________________________
S F Lomasney
Director

Page 2

 
LOMAS STEEL STRUCTURES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Lomas Steel Structures Limited is a private company limited by shares incorporated in England and Wales. The registered office is Leeside Works, Leeside Road, London, United Kingdom, N17 0SG.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Nil
Plant and machinery
-
20%
straight line basis
Computer equipment
-
25%
straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.3

Turnover

Turnover from contracting activites is recognised at the fair value of the consideration received or receivable in the normal course of business, and is shown net of VAT. The fair value of consideration takes into account trade discounts and settlement discounts.

Page 3

 
LOMAS STEEL STRUCTURES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a SELECT OR ENTER METHODbasis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
6
6

Page 4

 
LOMAS STEEL STRUCTURES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
41,636
667,951
15,127
724,714


Additions
-
69,728
-
69,728


Disposals
-
(97,287)
-
(97,287)



At 30 April 2024

41,636
640,392
15,127
697,155



Depreciation


At 1 May 2023
-
369,878
13,074
382,952


Charge for the year
-
97,957
1,079
99,036


Disposals
-
(96,680)
-
(96,680)



At 30 April 2024

-
371,155
14,153
385,308



Net book value



At 30 April 2024
41,636
269,237
974
311,847



At 30 April 2023
41,636
298,073
2,053
341,762

Page 5

 
LOMAS STEEL STRUCTURES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Stocks

2024
2023
£
£

Raw materials and consumables
122,768
-

122,768
-



6.


Debtors

2024
2023
£
£


Trade debtors
968,596
772,544

Other debtors
91,921
31,425

Prepayments
83,378
105,068

1,143,895
909,037



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
201,453
-

Bank loans
46,807
60,649

Trade creditors
717,560
734,032

Other taxation and social security
10,919
38,430

Obligations under finance lease and hire purchase contracts
58,004
80,586

Other creditors
36,515
47,628

Accruals
69,275
5,000

1,140,533
966,325



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
-
50,422

Net obligations under finance leases and hire purchase contracts
41,391
36,101

41,391
86,523


Page 6

 
LOMAS STEEL STRUCTURES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100



10.


Controlling party

Mr Stephen Francis Lomasney owns 100% of the issued share capital and is therefore the ultimate controller of the company.

 
Page 7