Steelsy G-RIP Company Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 07150971

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Stocks	5	34,567		37,971
Debtors	6	3,083		7,511
Cash at bank and in hand		6,973		2,648

		44,623		48,130
Creditors: Amounts Falling Due Within One Year	7	(7,420 )		(15,136 )

NET CURRENT ASSETS (LIABILITIES)			37,203		32,994

TOTAL ASSETS LESS CURRENT LIABILITIES			37,203		32,994

NET ASSETS			37,203		32,994

CAPITAL AND RESERVES
Called up share capital	8		100		100
Share premium account			10,000		10,000
Profit and Loss Account			27,103		22,894

SHAREHOLDERS' FUNDS			37,203		32,994

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr D C Treacy

Director

23/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Steelsy G-RIP Company Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07150971 . The registered office is Unit 7, Mulberry Place, Pinnell Road, Eltham, London, SE9 6AR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25% straight line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2024	3,661

As at 31 December 2024	3,661

Depreciation
As at 1 January 2024	3,661

As at 31 December 2024	3,661

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	-

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Steelsy G-RIP Company Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Stocks

	2024	2023
	£	£
Stock	34,567	37,971

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	542	4,970
Amounts owed by group undertakings	2,541	2,541

	3,083	7,511

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	8	9
Corporation tax	1,378	2,495
VAT	688	1,506
Accruals and deferred income	1,213	1,126
Directors' loan accounts	4,133	10,000

	7,420	15,136

8. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

9. Dividends

	2024	2023
	£	£
On equity shares:
Interim dividend paid	1,667	-

10. Related Party Transactions

During the year, no transactions occurred between the company and Diamond Golf International Ltd (DGI), a related party by virtue of a common director and shareholder. At the balance sheet date, £2,541 (2023: £2,541) was owed to the company.

11. Controlling Party

The company's controlling party is P N Steels , a director of the company.

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