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REGISTERED NUMBER: 01968136 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

U.K. STEEL EXPORTS LIMITED

U.K. STEEL EXPORTS LIMITED (REGISTERED NUMBER: 01968136)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


U.K. STEEL EXPORTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: R Hodges
R B Hodges





REGISTERED OFFICE: North Blackvein Industrial Estate
Wattsville
Cross Keys
Caerphilly
NP11 7PX





REGISTERED NUMBER: 01968136 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales and West Limited
Court House
Court Road
Bridgend
CF31 1BE

U.K. STEEL EXPORTS LIMITED (REGISTERED NUMBER: 01968136)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 73,619 83,787

CURRENT ASSETS
Debtors 5 1,099,661 689,263
Cash at bank and in hand 1,242,748 1,117,644
2,342,409 1,806,907
CREDITORS
Amounts falling due within one year 6 847,780 467,653
NET CURRENT ASSETS 1,494,629 1,339,254
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,568,248

1,423,041

PROVISIONS FOR LIABILITIES 2,884 2,884
NET ASSETS 1,565,364 1,420,157

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 1,565,354 1,420,147
SHAREHOLDERS' FUNDS 1,565,364 1,420,157

U.K. STEEL EXPORTS LIMITED (REGISTERED NUMBER: 01968136)

BALANCE SHEET - continued
31 DECEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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

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 24 July 2025 and were signed on its behalf by:





R B Hodges - Director


U.K. STEEL EXPORTS LIMITED (REGISTERED NUMBER: 01968136)

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


1. STATUTORY INFORMATION

U.K. Steel Exports 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.

Income is recognised when goods have been despatched or delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Over the life of the lease
Fixtures, fittings & equipment - 33% on cost and 25% on cost
Motor vehicles - 25% on cost
Other equipment - 33% on cost

Assets on Hire Purchase are depreciated over the life of the lease down to their estimated residual values at the end of the lease.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all significant and material timing differences that have originated but not reversed at the balance sheet 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.

U.K. STEEL EXPORTS LIMITED (REGISTERED NUMBER: 01968136)

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


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rentals payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Pension costs and other post-retirement benefits
The company operates an auto enrolment pension scheme. Contributions payable to the pension scheme are charged to the income statement in the period to which they relate

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Long fittings & Motor Other
leasehold equipment vehicles equipment Totals
£ £ £ £ £
COST
At 1 January 2024 55,075 32,955 51,411 1,222 140,663
Additions - 1,086 - - 1,086
At 31 December 2024 55,075 34,041 51,411 1,222 141,749
DEPRECIATION
At 1 January 2024 575 31,712 24,347 242 56,876
Charge for year - 754 10,500 - 11,254
At 31 December 2024 575 32,466 34,847 242 68,130
NET BOOK VALUE
At 31 December 2024 54,500 1,575 16,564 980 73,619
At 31 December 2023 54,500 1,243 27,064 980 83,787

Included in the above are assets on HP with a net book value of £nil (2023 - £27,064).

U.K. STEEL EXPORTS LIMITED (REGISTERED NUMBER: 01968136)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 1,060,923 644,901
Other debtors 38,738 44,362
1,099,661 689,263

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts - 6,975
Trade creditors 681,394 380,462
Taxation and social security 85,958 72,695
Other creditors 80,428 7,521
847,780 467,653

7. FINANCIAL COMMITMENTS

The company had total commitments at the balance sheet date of £6,300 (2023 - £9,900).

8. RELATED PARTY DISCLOSURES

During the current and previous year, the company was in receipt of an interest free loan from one of its directors and the balance due to the director and included in other creditors at the year end amounted to £442 (2023 - £nil).