REGISTERED NUMBER: 04876280 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

S3I LIMITED

TRADING AS

STAINLESS STEEL SOLUTIONS

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J M Arrowsmith

Mrs C M Arrowsmith

SECRETARY:

Mrs C M Arrowsmith

REGISTERED OFFICE:

1 Faraday Close

Snape Lane

Harworth

DONCASTER

DN11 8RU

REGISTERED NUMBER:

04876280 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

101,698

112,920

101,698

112,920

CURRENT ASSETS

Stocks

593,023

621,023

Debtors

6

382,612

373,434

Cash at bank and in hand

803,611

1,026,304

1,779,246

2,020,761

CREDITORS

Amounts falling due within one year

7

974,115

1,280,876

NET CURRENT ASSETS

805,131

739,885

TOTAL ASSETS LESS CURRENT LIABILITIES

906,829

852,805

CREDITORS

Amounts falling due after more than one year

8

(202,254

)

(124,623

)

PROVISIONS FOR LIABILITIES

(21,792

)

(22,257

)

NET ASSETS

682,783

705,925

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

682,781

705,923

SHAREHOLDERS' FUNDS

682,783

705,925

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 21 July 2025 and were signed on its behalf by:

J M Arrowsmith - Director

1.	STATUTORY INFORMATION

S3i 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.

Turnover

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

Goodwill

Goodwill arose from the purchase of the partnership Stainless Steel Solutions on 1 October 2003. Goodwill was amortised on a straight line basis over 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Plant and machinery etc

-

25% 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

40,000

AMORTISATION

At 1 January 2024

and 31 December 2024

40,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

9,050

37,006

59,775

182,317

288,148

Additions

-

5,046

2,876

21,224

29,146

Disposals

-

-

-

(27,250

)

(27,250

)

At 31 December 2024

9,050

42,052

62,651

176,291

290,044

DEPRECIATION

At 1 January 2024

8,667

29,916

43,962

92,683

175,228

Charge for year

96

3,036

4,673

26,097

33,902

Eliminated on disposal

-

-

-

(20,784

)

(20,784

)

At 31 December 2024

8,763

32,952

48,635

97,996

188,346

NET BOOK VALUE

At 31 December 2024

287

9,100

14,016

78,295

101,698

At 31 December 2023

383

7,090

15,813

89,634

112,920

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

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

97,484

DEPRECIATION

At 1 January 2024

42,649

Charge for year

13,709

At 31 December 2024

56,358

NET BOOK VALUE

At 31 December 2024

41,126

At 31 December 2023

54,835

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

75,180

130,426

Other debtors

307,432

243,008

382,612

373,434

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

142,122

145,833

Hire purchase contracts

12,373

12,373

Trade creditors

485,501

705,925

Taxation and social security

200,260

332,099

Other creditors

133,859

84,646

974,115

1,280,876

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

163,951

72,916

Hire purchase contracts

38,303

51,707

202,254

124,623

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

10.	OTHER FINANCIAL COMMITMENTS

The total amount of financial lease commitments which are not included in the balance sheet amount to £350,688 (2023 - £388,692).

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

J M Arrowsmith and Mrs C M Arrowsmith

Balance outstanding at start of year

178,069

465,556

Amounts advanced

375,290

178,513

Amounts repaid

(305,000

)

(466,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

248,359

178,069