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Northallerton Steel Erection Limited

Registered Number
04347092
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

Northallerton Steel Erection Limited
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

HOGG, David
HOGG, Natalie Jane

Company Secretary

HOGG, Natalie Jane

Registered Address

Whiteways
Wooden Hill Lane Romanby
Northallerton
DL7 8UX

Registered Number

04347092 (England and Wales)
Northallerton Steel Erection Limited
Statement of Financial Position
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets3944,7151,039,816
944,7151,039,816
Current assets
Debtors4128,932314,110
Cash at bank and on hand360,893226,222
489,825540,332
Creditors amounts falling due within one year5(284,395)(318,624)
Net current assets (liabilities)205,430221,708
Total assets less current liabilities1,150,1451,261,524
Creditors amounts falling due after one year6(311,746)(367,919)
Provisions for liabilities7(229,091)(252,400)
Net assets609,308641,205
Capital and reserves
Called up share capital300300
Profit and loss account609,008640,905
Shareholders' funds609,308641,205
The financial statements were approved and authorised for issue by the Board of Directors on 29 July 2025, and are signed on its behalf by:
HOGG, Natalie Jane
Director
Registered Company No. 04347092
Northallerton Steel Erection Limited
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
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.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets’ residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery15
Vehicles20
Office Equipment20
Finance leases and hire purchase contracts
Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease. Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Financial instruments
The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20252024
Average number of employees during the year1312
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 April 241,242,077357,4926,5341,606,103
Additions215,07225,5971,684242,353
Disposals(156,900)(139,792)-(296,692)
At 31 March 251,300,249243,2978,2181,551,764
Depreciation and impairment
At 01 April 24485,48175,1675,639566,287
Charge for year112,37138,414336151,121
On disposals(62,953)(47,406)-(110,359)
At 31 March 25534,89966,1755,975607,049
Net book value
At 31 March 25765,350177,1222,243944,715
At 31 March 24756,596282,3258951,039,816
4.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables128,932229,440
Other debtors-84,670
Total128,932314,110
5.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables4,12013,293
Bank borrowings and overdrafts10,00010,000
Taxation and social security56,02669,540
Finance lease and HP contracts208,135204,361
Other creditors574,050
Accrued liabilities and deferred income6,05717,380
Total284,395318,624
Assets held under finance leases and hire purchase are secured against the assets to which they relate.
6.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts3,09512,890
Other creditors308,651355,029
Total311,746367,919
Included in creditors due after more than 1 year are hire purchase liabilities of £308,651 (2024: £355,029). Assets held under hire purchase are secured against the assets to which they relate.
7.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)229,091252,400
Total229,091252,400
8.Pension commitments
The pension cost charge represents contributions payable by the company to the fund and amounted to £10,816 (2024 - £8,050). Contributions of £1,818 (2024 - £1,422) were payable to the funds at the reporting date.
9.Related party transactions
Included in other creditors is a loan from the directors. The loan is interest free with no set terms for repayment.