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REGISTERED NUMBER: 08876362 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2025

for

Ridgesteel Fabrications Limited

Ridgesteel Fabrications Limited (Registered number: 08876362)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Ridgesteel Fabrications Limited

Company Information
for the Year Ended 28 February 2025







DIRECTORS: G R Nunn
Mrs H L Webb
E Ridgewell





REGISTERED OFFICE: Unit 4 Schofield Business Park
Sugarbrook Road
Bromsgrove
Worcestershire
B60 3DN





REGISTERED NUMBER: 08876362 (England and Wales)





ACCOUNTANTS: Davies Archytas Accountants Ltd
14 The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST

Ridgesteel Fabrications Limited (Registered number: 08876362)

Abridged Statement of Financial Position
28 February 2025

28.2.25 29.2.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 363,743 177,243

CURRENT ASSETS
Stock and work in progress 4,237,500 3,118,800
Debtors 1,422,371 1,050,328
Cash at bank 11,111 36,362
5,670,982 4,205,490
CREDITORS
Amounts falling due within one year 3,510,994 2,251,122
NET CURRENT ASSETS 2,159,988 1,954,368
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,523,731

2,131,611

CREDITORS
Amounts falling due after more than one
year

(612,665

)

(382,216

)

PROVISIONS FOR LIABILITIES (71,333 ) -
NET ASSETS 1,839,733 1,749,395

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Retained earnings 1,838,733 1,748,395
SHAREHOLDERS' FUNDS 1,839,733 1,749,395

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Ridgesteel Fabrications Limited (Registered number: 08876362)

Abridged Statement of Financial Position - continued
28 February 2025


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:





G R Nunn - Director


Ridgesteel Fabrications Limited (Registered number: 08876362)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Ridgesteel Fabrications Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stock and work in progress to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Ridgesteel Fabrications Limited (Registered number: 08876362)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 14 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2024 509,891
Additions 284,190
Disposals (21,393 )
At 28 February 2025 772,688
DEPRECIATION
At 1 March 2024 332,648
Charge for year 78,080
Eliminated on disposal (1,783 )
At 28 February 2025 408,945
NET BOOK VALUE
At 28 February 2025 363,743
At 29 February 2024 177,243

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 March 2024
and 28 February 2025 300,569
DEPRECIATION
At 1 March 2024 148,930
Charge for year 41,114
At 28 February 2025 190,044
NET BOOK VALUE
At 28 February 2025 110,525
At 29 February 2024 151,639

Ridgesteel Fabrications Limited (Registered number: 08876362)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

5. LOANS

An analysis of the maturity of loans is given below:

28.2.25 29.2.24
£    £   
Amounts falling due within one year or on demand:
Other loans 758,841 212,500

Amounts falling due between one and two years:
Other loans - 1-2 years 200,249 136,435

Amounts falling due between two and five years:
Other loans - 2-5 years 143,670 119,529

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.25 29.2.24
value: £    £   
1,000 Ordinary £1 1,000 1,000

7. RELATED PARTY DISCLOSURES

At the year end of 28th February 2025 the amount due from related parties - £358,556 (2024 - -£67,799)

£465,985 owed from GHN Properties Ltd. (2024 £64,542 owing)

£62,316 owed to Ridge Lifting Solutions Limited. (2024 £77,988)

£20,265 owed to Black Country Engineering Limited. (2024 £54,353)

£29,098 owed to Midland Steel Distribution Limited.

£4,250 owed from Nunn's On The Run Limited.

During the year Ridgesteel Fabrications Ltd made sales totalling £16,651 to Black Country Engineering Ltd. Ridgesteel Fabrications Ltd also made purchases totalling £256,167 from Black Country Engineering Ltd.

During the year Ridgesteel Fabrications Ltd made sales totalling £3,084 to Ridge Lifting Solutions Ltd. Ridgesteel Fabrications Ltd also made purchases totalling £231,114 from Ridge Lifting Solutions Ltd.

During the year Ridgesteel Fabrications Ltd made sales totalling £74,390 to Midland Steel Distribution Ltd. Ridgesteel Fabrications Ltd also made purchases totalling £205,522 from Midland Steel Distribution Ltd.

8. ULTIMATE CONTROLLING PARTY

The controlling party throughout the year were the directors by virtue of their 100% holding of the issued share capital of the company.