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REGISTERED NUMBER: 01724433 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Spice Hawk Steel Sections Limited

Spice Hawk Steel Sections Limited (Registered number: 01724433)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Spice Hawk Steel Sections Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: K C Gupta





SECRETARY: K C Gupta





REGISTERED OFFICE: Gupta Industrial Estate
West Bromwich Street
Oldbury
West Midlands
B69 3AP





REGISTERED NUMBER: 01724433 (England and Wales)





ACCOUNTANTS: Concept Accountancy Services Ltd
89a Dudley Road
Halesowen
West Midlands
B63 3NS

Spice Hawk Steel Sections Limited (Registered number: 01724433)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,498 81,510
Investments 5 418,621 418,621
491,119 500,131

CURRENT ASSETS
Stocks 58,512 54,445
Debtors 6 117,357 109,682
Cash at bank 1,515,712 1,507,519
1,691,581 1,671,646
CREDITORS
Amounts falling due within one year 7 576,399 539,785
NET CURRENT ASSETS 1,115,182 1,131,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,606,301

1,631,992

PROVISIONS FOR LIABILITIES 8 13,426 15,062
NET ASSETS 1,592,875 1,616,930

CAPITAL AND RESERVES
Called up share capital 150,067 150,067
Capital redemption reserve 33 33
Retained earnings 1,442,775 1,466,830
SHAREHOLDERS' FUNDS 1,592,875 1,616,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Spice Hawk Steel Sections Limited (Registered number: 01724433)

Balance Sheet - continued
30 November 2024


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 director and authorised for issue on 22 August 2025 and were signed by:





K C Gupta - Director


Spice Hawk Steel Sections Limited (Registered number: 01724433)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Spice Hawk Steel Sections 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.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary Amounts in these financial statements are rounded to the nearest £.

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.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

Spice Hawk Steel Sections Limited (Registered number: 01724433)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

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.

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.

Financial instruments and equity instruments
The company has elected to apply the provision of section 11 'Basic Financial Instruments' and Section 12 'Other financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

Spice Hawk Steel Sections Limited (Registered number: 01724433)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2023
and 30 November 2024 826,973 54,658 25,590 907,221
DEPRECIATION
At 1 December 2023 765,964 42,774 16,973 825,711
Charge for year 6,101 1,188 1,723 9,012
At 30 November 2024 772,065 43,962 18,696 834,723
NET BOOK VALUE
At 30 November 2024 54,908 10,696 6,894 72,498
At 30 November 2023 61,009 11,884 8,617 81,510

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2023
and 30 November 2024 418,621
NET BOOK VALUE
At 30 November 2024 418,621
At 30 November 2023 418,621

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 69,615 62,023
Other debtors 47,742 47,659
117,357 109,682

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 115,125 87,951
Taxation and social security 7,160 10,616
Other creditors 454,114 441,218
576,399 539,785

Spice Hawk Steel Sections Limited (Registered number: 01724433)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

8. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£    £   
Deferred tax 13,426 15,062

Deferred
tax
£   
Balance at 1 December 2023 15,062
Provided during year (1,636 )
Decrease in provision
Balance at 30 November 2024 13,426

9. RELATED PARTY DISCLOSURES

During the year, the company occupied premises owned by Leabrook Investments Ltd rent free. (2023: £Nil)

Other debtors at 30th November 2024 included £35,302 due from Willowgrove Ltd (2023: £35,302). The nature of the transactions are unsecured and interest free loans repayable on demand.

Other creditors at 30th November 2024 included £413,905 due to Leabrook Investments Ltd (2023: £411,875) and £100 due to S H Steel Sections Ltd (2023: £100). The transactions are unsecured and interest free loans repayable upon demand.

Spice Hawk Steel Sections Ltd is a majority shareholder in Leabrook Investments Ltd. S H Steel Sections Ltd is a wholly owned subsidiary of Spice Hawk Steel Sections Ltd. Willowgrove Ltd is wholly owned by Mr KC Gupta.

10. ULTIMATE CONTROLLING PARTY

The controlling party is K C Gupta.