Steel Cost Management Limited 08869822 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is that of structural steelwork quantity surveying. Digita Accounts Production Advanced 6.30.9574.0 true 08869822 2023-10-01 2024-09-30 08869822 2024-09-30 08869822 core:RetainedEarningsAccumulatedLosses 2024-09-30 08869822 core:ShareCapital 2024-09-30 08869822 core:CurrentFinancialInstruments 2024-09-30 08869822 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 08869822 core:FurnitureFittingsToolsEquipment 2024-09-30 08869822 bus:SmallEntities 2023-10-01 2024-09-30 08869822 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 08869822 bus:FilletedAccounts 2023-10-01 2024-09-30 08869822 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 08869822 bus:Director1 2023-10-01 2024-09-30 08869822 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08869822 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 08869822 core:OfficeEquipment 2023-10-01 2024-09-30 08869822 countries:AllCountries 2023-10-01 2024-09-30 08869822 core:FurnitureFittingsToolsEquipment 2023-09-30 08869822 2022-10-01 2023-09-30 08869822 2023-09-30 08869822 core:RetainedEarningsAccumulatedLosses 2023-09-30 08869822 core:ShareCapital 2023-09-30 08869822 core:CurrentFinancialInstruments 2023-09-30 08869822 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 08869822 core:FurnitureFittingsToolsEquipment 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 08869822

Steel Cost Management Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Steel Cost Management Limited

(Registration number: 08869822)

Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

-

-

 

-

-

Current assets

 

Debtors

4

17,664

18,241

Cash at bank and in hand

 

3,662

2,485

 

21,326

20,726

Creditors: Amounts falling due within one year

5

(21,321)

(20,267)

Net current assets

 

5

459

Net assets

 

5

459

Capital and reserves

 

Called up share capital

1

1

Retained earnings

4

458

Shareholders' funds

 

5

459

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 23 April 2025
 

.........................................

C J Hamshaw

Director

 

Steel Cost Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

Accounting policies

Statutory information

Steel Cost Management Limited is a private company, limited by shares, domiciled in England and Wales, company number 08869822. The registered office is at Lone Beech Eaton Drive, Baslow, Bakewell, DE45 1SE.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. Turnover is recognised when goods and services are provided to clients.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

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.

 

Steel Cost Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

1

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

3

Tangible assets

Office equipment
£

Cost

At 1 October 2023

740

Disposals

(740)

At 30 September 2024

-

Depreciation

At 1 October 2023

740

Eliminated on disposal

(740)

At 30 September 2024

-

Carrying amount

At 30 September 2024

-

At 30 September 2023

-

 

Steel Cost Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

4

Debtors

2024
£

2023
£

Trade debtors

3,465

4,905

Other debtors

14,199

13,336

17,664

18,241

5

Creditors

2024
£

2023
£

Due within one year

Taxation and social security

18,921

17,187

Accruals and deferred income

2,400

3,080

21,321

20,267

6

Related party transactions

Included in other debtors is an amount of £10,616 (2023 - £9,971) in relation to C J Hamshaw's director's loan account, this loan is interest free.