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Company registration number: 01762448







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


UK CERTIFICATION AUTHORITY FOR REINFORCING STEELS
(A Company Limited by Guarantee)




































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UK CERTIFICATION AUTHORITY FOR REINFORCING STEELS
 
(A Company Limited by Guarantee)
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 8


 


UK CERTIFICATION AUTHORITY FOR REINFORCING STEELS
  
(A Company Limited by Guarantee)
REGISTERED NUMBER:01762448



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 3 
353,746
326,983

Tangible assets
 4 
193,699
202,656

Investments
 5 
1,057
1,057

  
548,502
530,696

Current assets
  

Debtors: amounts falling due within one year
 6 
3,078,166
1,977,378

Cash at bank and in hand
  
1,541,690
1,397,505

  
4,619,856
3,374,883

Creditors: amounts falling due within one year
 7 
(3,531,401)
(2,351,939)

Net current assets
  
 
 
1,088,455
 
 
1,022,944

Total assets less current liabilities
  
1,636,957
1,553,640

Provisions for liabilities
  

Deferred tax
  
(60,836)
(2,807)

  
 
 
(60,836)
 
 
(2,807)

Net assets
  
1,576,121
1,550,833


Capital and reserves
  

Other reserves
  
85,000
85,000

Profit and loss account
  
1,491,121
1,465,833

  
1,576,121
1,550,833


Page 1

 


UK CERTIFICATION AUTHORITY FOR REINFORCING STEELS
  
(A Company Limited by Guarantee)
REGISTERED NUMBER:01762448


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The CARES has opted not to file the statement of income and retained earnings 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 by: 


................................................
L Brankley
Director

Date: 15 May 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


UK CERTIFICATION AUTHORITY FOR REINFORCING STEELS
 
(A Company Limited by Guarantee)
 


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

1.


Company information

UK Certification Authority of Reinforcing Steels is a private company limited by guarantee without share capital, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The Authority's registered office is stated on the authority information page, with the principal place of business being the same as the registered office. 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover, which excludes value added tax and trade discounts, represents the invoiced value of product certification activities and, where appropriate, quality systems certification and product approvals.  
Turnover is recognised on the basis of when services are provided and is therefore accrued or deferred as required. 

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Software
-
3
years

Page 3

 


UK CERTIFICATION AUTHORITY FOR REINFORCING STEELS
 
(A Company Limited by Guarantee)
 


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

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

All fixed assets are stated at historic purchase cost less accumulated depreciation. Asset purchases that are below £5,000 are not capitalised.

 
Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Freehold property
-
50 years
Plant and machinery
-
33.3% Straight Line

Freehold land is not depreciated. The directors are aware that the current market value of the freehold land and building exceed the historical book value. 

 
2.5

Pension costs

The Authority operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Authority in an independently administered fund.
Any outstanding or prepaid contributions at the balance sheet date are included in creditors or debtors respectively.

 
2.6

Foreign currencies

The Authority invoices all sales in sterling. Any foreign currency receipts are immediately converted to sterling and any exchange differences are taken to the Statement of Income and Retained Earning at the time of conversion.

  
2.7

Consolidation

The Authority, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts. 

Page 4

 


UK CERTIFICATION AUTHORITY FOR REINFORCING STEELS
 
(A Company Limited by Guarantee)
 


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

3.


Intangible assets




Software

£



Cost


At 1 January 2024
698,269


Additions
211,038



At 31 December 2024

909,307



Amortisation


At 1 January 2024
371,286


Charge for the year on owned assets
184,275



At 31 December 2024

555,561



Net book value



At 31 December 2024
353,746



At 31 December 2023
326,983



Page 5

 


UK CERTIFICATION AUTHORITY FOR REINFORCING STEELS
 
(A Company Limited by Guarantee)
 


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

4.


Tangible fixed assets





Freehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 January 2024
321,311
273,099
594,410


Disposals
-
(22,750)
(22,750)



At 31 December 2024

321,311
250,349
571,660



Depreciation


At 1 January 2024
119,617
272,137
391,754


Charge for the year on owned assets
7,995
962
8,957


Disposals
-
(22,750)
(22,750)



At 31 December 2024

127,612
250,349
377,961



Net book value



At 31 December 2024
193,699
-
193,699



At 31 December 2023
201,694
962
202,656


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2024
1,057



At 31 December 2024
1,057




Page 6

 


UK CERTIFICATION AUTHORITY FOR REINFORCING STEELS
 
(A Company Limited by Guarantee)
 


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

6.


Debtors

2024
2023
£
£


Trade debtors
1,731,053
951,122

Amounts owed by group undertakings
576,679
581,129

Other debtors
262,523
114,262

Prepayments and accrued income
507,911
330,865

3,078,166
1,977,378



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
207,610
154,622

Amounts owed to group undertakings
490,286
-

Corporation tax
97,915
56,249

Other taxation and social security
107,001
93,617

Other creditors
-
59,501

Accruals and deferred income
2,628,589
1,987,950

3,531,401
2,351,939




8.


Company limited by guarantee

The Authority is limited by a guarantee of up to £1 for each of its members.
In the opinion of the the directors, the members of the company, by acting in concert, ultimately control the company.

Page 7

 


UK CERTIFICATION AUTHORITY FOR REINFORCING STEELS
 
(A Company Limited by Guarantee)
 


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

9.


Commitments under operating leases

At 31 December 2024 the Authority had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
150
600

Later than 1 year and not later than 5 years
-
150

150
750


10.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 15 May 2025 by Tom Woods FCA (Senior statutory auditor) on behalf of Menzies LLP.

Page 8