Registration number: NI614428

TJS Steel Supplies Ltd

(Registration number: NI614428)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	2,014	2,518
Current assets
Stocks	5	26,255	26,255
Debtors	6	103,178	114,153
Cash at bank and in hand		20,583	8,104
		150,016	148,512
Creditors: Amounts falling due within one year	7	(55,175)	(59,665)
Net current assets		94,841	88,847
Total assets less current liabilities		96,855	91,365
Provisions for liabilities		(383)	(478)
Net assets		96,472	90,887
Capital and reserves
Called up share capital	8	100	100
Retained earnings		96,372	90,787
Shareholders' funds		96,472	90,887

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

TJS Steel Supplies Ltd

(Registration number: NI614428)
Balance Sheet as at 31 December 2024

Approved and authorised by the director on 19 September 2025
 

......................................... Mr Philip Stewart Director

TJS Steel Supplies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 120B Ballinlea Road, Armoy, Ballymoney, Co. Antrim, BT53 8TY.

These financial statements were authorised for issue by the director on 19 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods to customers.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

TJS Steel Supplies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

TJS Steel Supplies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 January 2024	6,148	6,148
At 31 December 2024	6,148	6,148
Depreciation
At 1 January 2024	3,630	3,630
Charge for the year	504	504
At 31 December 2024	4,134	4,134
Carrying amount
At 31 December 2024	2,014	2,014
At 31 December 2023	2,518	2,518

5

Stocks

	2024 £	2023 £
Stock	26,255	26,255

6

Debtors

Current	Note	2024 £	2023 £
Trade debtors		35,461	46,674
Amounts owed by related parties	9	50,000	50,000
Prepayments		336	101
Other debtors		17,381	17,378
		103,178	114,153

TJS Steel Supplies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		10,630	13,866
Taxation and social security		1,656	917
Other creditors		42,889	44,882
		55,175	59,665

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

9	Related party transactions

Debtors includes £50,000 (2023: £50,000) owing to the company from PCS Property Ltd, a company controlled by the director and his wife. Other debtors includes £17,373 (2023:£17,373) owing to the company from R S Construction (Co. Antrim) Ltd, a company controlled by the director and his wife. Other creditors includes £39,937 (2023:£39,937) owed by the company to P S Engineering (Co. Antrim) Ltd, a company controlled by the director and his wife.