SWUK Steel Decking Supplies Limited 09349927 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is Supply Steel Decking Digita Accounts Production Advanced 6.30.9574.0 true 09349927 2024-01-01 2024-12-31 09349927 2024-12-31 09349927 core:CurrentFinancialInstruments 2024-12-31 09349927 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 09349927 core:FurnitureFittingsToolsEquipment 2024-12-31 09349927 core:OtherPropertyPlantEquipment 2024-12-31 09349927 bus:SmallEntities 2024-01-01 2024-12-31 09349927 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09349927 bus:FilletedAccounts 2024-01-01 2024-12-31 09349927 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09349927 bus:RegisteredOffice 2024-01-01 2024-12-31 09349927 bus:Director1 2024-01-01 2024-12-31 09349927 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09349927 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 09349927 core:MotorVehicles 2024-01-01 2024-12-31 09349927 core:OfficeEquipment 2024-01-01 2024-12-31 09349927 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 09349927 core:PlantMachinery 2024-01-01 2024-12-31 09349927 countries:England 2024-01-01 2024-12-31 09349927 2023-12-31 09349927 core:FurnitureFittingsToolsEquipment 2023-12-31 09349927 core:OtherPropertyPlantEquipment 2023-12-31 09349927 2023-01-01 2023-12-31 09349927 2023-12-31 09349927 core:CurrentFinancialInstruments 2023-12-31 09349927 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09349927 core:FurnitureFittingsToolsEquipment 2023-12-31 09349927 core:OtherPropertyPlantEquipment 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 09349927

SWUK Steel Decking Supplies Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

SWUK Steel Decking Supplies Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

SWUK Steel Decking Supplies Limited

Company Information

Director

N J Robotham

Registered office

51 St John Street
Ashbourne
Derbyshire
DE6 1GP

Accountants

Coates and Partners Limited
Chartered Accountants
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

 

SWUK Steel Decking Supplies Limited

(Registration number: 09349927)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

116,022

135,179

Current assets

 

Stocks

86,721

69,680

Debtors

5

277,682

184,438

Cash at bank and in hand

 

65,916

38,214

 

430,319

292,332

Creditors: Amounts falling due within one year

6

(159,198)

(109,516)

Net current assets

 

271,121

182,816

Total assets less current liabilities

 

387,143

317,995

Provisions for liabilities

(29,006)

(22,691)

Net assets

 

358,137

295,304

Capital and reserves

 

Called up share capital

100

100

Retained earnings

358,037

295,204

Shareholders' funds

 

358,137

295,304

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.

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 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 FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

Approved and authorised by the director on 23 June 2025
 

.........................................
N J Robotham
Director

   
     
 

SWUK Steel Decking Supplies 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 England registration number: 09349927.

The address of its registered office is:
51 St John Street
Ashbourne
Derbyshire
DE6 1GP
England

These financial statements were authorised for issue by the director on 23 June 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.

The presentation currency is £ sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

SWUK Steel Decking Supplies Limited

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

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Motor vehicles

15% reducing balance

Office Equipment

33% straight line basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

 

SWUK Steel Decking Supplies Limited

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

2

Accounting policies (continued)

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 3).

 

SWUK Steel Decking Supplies Limited

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

4

Tangible assets

Office equipment
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2024

4,920

181,971

186,891

Additions

1,284

1,261

2,545

Disposals

-

(441)

(441)

At 31 December 2024

6,204

182,791

188,995

Depreciation

At 1 January 2024

3,251

48,461

51,712

Charge for the year

1,317

20,038

21,355

Eliminated on disposal

-

(94)

(94)

At 31 December 2024

4,568

68,405

72,973

Carrying amount

At 31 December 2024

1,636

114,386

116,022

At 31 December 2023

1,669

133,510

135,179

5

Debtors

2024
£

2023
£

Trade debtors

258,191

169,592

Prepayments

16,442

13,328

Other debtors

3,049

1,518

277,682

184,438

 

SWUK Steel Decking Supplies Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

-

2,918

Trade creditors

 

86,217

65,237

Taxation and social security

 

59,164

34,725

Accruals and deferred income

 

10,603

5,145

Other creditors

 

3,214

1,491

 

159,198

109,516

Loans and borrowings of £Nil (2023 - £2,918) consist of finance leases which are secured over the assets to which they relate.

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £59,840 (2023 - £99,734).

8

Related party transactions

Other transactions with the director

During the year a director had the benefit of a loan. At the beginning of the year the company was owed £1,518 (2023: £10,000) by the director. During the year the director was advanced £7,050 (2023: £18,518) by the company and repaid £5,518 (2023: £27,000). At the year end the balance owed by the director was £3,050. Interest was charged on the loan at the official rate of interest. The loan was repaid on 16 June 2025.