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Registration number: 04398221

Ashton Steel Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Ashton Steel Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Ashton Steel Holdings Limited

Company Information

Directors

Mr Paul White

Mr Andrew Edward Guest

Registered office

Station Yard
Station Road
Hadfield
Glossop
Derbyshire
SK13 1AA

Accountants

Harrison Hinchliffe & Co Ltd 90-92 High Street West
Glossop
Derbyshire
SK13 8BB

 

Ashton Steel Holdings Limited

(Registration number: 04398221)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

584,862

584,862

Creditors: Amounts falling due within one year

5

(524,578)

(524,578)

Net assets

 

60,284

60,284

Capital and reserves

 

Called up share capital

6

60,000

60,000

Retained earnings

284

284

Shareholders' funds

 

60,284

60,284

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 May 2025 and signed on its behalf by:
 

.........................................
Mr Paul White
Director

.........................................
Mr Andrew Edward Guest
Director

 

Ashton Steel Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Station Yard
Station Road
Hadfield
Glossop
Derbyshire
SK13 1AA

These financial statements were authorised for issue by the Board on 1 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Ashton Steel Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 January 2024

584,862

584,862

At 31 December 2024

584,862

584,862

Depreciation

Carrying amount

At 31 December 2024

584,862

584,862

At 31 December 2023

584,862

584,862

Included within the net book value of land and buildings above is £584,862 (2023 - £584,862) in respect of freehold land and buildings.
 

 

Ashton Steel Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

524,578

524,578

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Class A of £1 each

60,000

60,000

60,000

60,000

       

7

Dividends

2024

2023

£

£

 

 

The directors are recommending a final dividend of £Nil (2023 - £Nil) per share totalling £43,000.00 (2023 - £139,000.00). This dividend has not been accrued in the balance sheet.