REGISTERED NUMBER: 08523005 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

RICHARD BEEDLE STEEL SOLUTIONS LTD

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

2,476

3,445

CURRENT ASSETS

Debtors

5

146,068

128,410

Cash at bank and in hand

361,357

453,495

507,425

581,905

CREDITORS

Amounts falling due within one year

6

187,396

228,095

NET CURRENT ASSETS

320,029

353,810

TOTAL ASSETS LESS CURRENT LIABILITIES

322,505

357,255

CREDITORS

Amounts falling due after more than one year

7

(2,500

)

(12,500

)

PROVISIONS FOR LIABILITIES

(650

)

(800

)

NET ASSETS

319,355

343,955

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

319,353

343,953

SHAREHOLDERS' FUNDS

319,355

343,955

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2025 and were signed on its behalf by:

R J Beedle - Director

1.	STATUTORY INFORMATION

Richard Beedle Steel Solutions Ltd is a private company, limited by shares, registered in England and Wales, registered number 08523005. Its registered office is Admiral House, Waterfront East, Brierley Hill, West Midlands, DY5 1XG.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

Plant and machinery etc

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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

Basic financial liabilities, including trade and other debtors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

5,799

Additions

415

At 31 May 2025

6,214

DEPRECIATION

At 1 June 2024

2,354

Charge for year

1,384

At 31 May 2025

3,738

NET BOOK VALUE

At 31 May 2025

2,476

At 31 May 2024

3,445

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

143,334

108,801

Other debtors

2,734

19,609

146,068

128,410

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

162,980

183,609

Tax

11,000

28,000

Social security and other taxes

115

101

Other creditors

51

2,270

Directors' loan accounts

455

-

Accrued expenses

2,795

4,115

187,396

228,095

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans - 1-2 years

2,500

10,000

Bank loans - 2-5 years

-

2,500

2,500

12,500

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2025 and 31 May 2024:

31.5.25

31.5.24

£

£

R J Beedle and Mrs M Beedle

Balance outstanding at start of year

16,657

(26,140

)

Amounts advanced

36,622

89,158

Amounts repaid

(53,734

)

(46,361

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(455

)

16,657

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £50,658 (2024 - £45,614) were paid to the directors .