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REGISTERED NUMBER: 08934743 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

| FOR |

| STEVENAGE SCRAP METAL LTD |

STEVENAGE SCRAP METAL LTD (REGISTERED NUMBER: 08934743) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| STEVENAGE SCRAP METAL LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTOR: | R G Hemmings

| REGISTERED OFFICE: | Croft Chambers

| 11 Bancroft

| Hitchin

| Herts

| SG5 1JQ

| REGISTERED NUMBER: | 08934743 (England and Wales)

| ACCOUNTANTS: | Bradshaw Johnson

| Chartered Accountants

| Croft Chambers

| 11 Bancroft

| Hitchin

| Hertfordshire

| SG5 1JQ

STEVENAGE SCRAP METAL LTD (REGISTERED NUMBER: 08934743) |

STATEMENT OF FINANCIAL POSITION

31 MARCH 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 24,156 |  | 35,325 |  |

Investments | 6 | 500,000 |  | 500,000 |  |

524,156 |  | 535,325 |  |

CURRENT ASSETS

Stocks | - |  | 20,194 |  |

Debtors | 7 | 61,500 |  | 26,068 |  |

Cash at bank | 31,081 |  | 126,323 |  |

92,581 |  | 172,585 |  |

CREDITORS

Amounts falling due within one year | 8 | 67,559 |  | 145,044 |  |

NET CURRENT ASSETS | 25,022 |  | 27,541 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 549,178 |  | 562,866 |  |

CREDITORS

Amounts falling due after more than one year | 9 | 206,992 |  | 253,098 |  |

NET ASSETS | 342,186 |  | 309,768 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 342,184 |  | 309,766 |  |

SHAREHOLDERS' FUNDS | 342,186 |  | 309,768 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

STEVENAGE SCRAP METAL LTD (REGISTERED NUMBER: 08934743) |

STATEMENT OF FINANCIAL POSITION - continued

31 MARCH 2025

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 15 September 2025 and were signed by:

R G Hemmings - Director

STEVENAGE SCRAP METAL LTD (REGISTERED NUMBER: 08934743) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Stevenage Scrap Metal Ltd 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, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten 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.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Stocks

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

| 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 2 (2024 - 4 ) .

STEVENAGE SCRAP METAL LTD (REGISTERED NUMBER: 08934743) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 200,000 |  |

| AMORTISATION

| At 1 April 2024

| and 31 March 2025 | 200,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 31 March 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024

| and 31 March 2025 | 34,939 |  | 49,537 |  | 84,476 |  |

| DEPRECIATION

| At 1 April 2024 | 19,213 |  | 29,938 |  | 49,151 |  |

| Charge for year | 6,269 |  | 4,900 |  | 11,169 |  |

| At 31 March 2025 | 25,482 |  | 34,838 |  | 60,320 |  |

| NET BOOK VALUE

| At 31 March 2025 | 9,457 |  | 14,699 |  | 24,156 |  |

| At 31 March 2024 | 15,726 |  | 19,599 |  | 35,325 |  |

6. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 500,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 500,000 |  |

| At 31 March 2024 | 500,000 |  |

STEVENAGE SCRAP METAL LTD (REGISTERED NUMBER: 08934743) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Other debtors - TGR / RHK | 61,500 |  | 21,500 |  |

| Prepayments | - |  | 4,568 |  |

61,500 |  | 26,068 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts | 9,834 |  | 9,834 |  |

| Other loans | 40,000 |  | 40,000 |  |

| Tax | 15,327 |  | 6,620 |  |

| Social security and other taxes | - |  | 74,947 |  |

| Pension liability | - |  | 249 |  |

| Other creditors | - |  | 7,507 |  |

| Directors' current accounts | 54 |  | 2,654 |  |

| Accrued expenses | 2,344 |  | 3,233 |  |

67,559 |  | 145,044 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans - 1-2 years | 6,992 |  | 9,834 |  |

| Bank loans - 2-5 years | - |  | 3,264 |  |

| Other loans - 1-2 years | 40,000 |  | 40,000 |  |

| Other loans - 2-5 years | 160,000 |  | 160,000 |  |

| Other loans more 5yrs instal | - |  | 40,000 |  |

206,992 |  | 253,098 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Other loans more 5yrs instal | - |  | 40,000 |  |

| This represents the balance due in respect of the purchase of goodwill from Colin Hemmings Ltd.

10. | RELATED PARTY DISCLOSURES

| The company is controlled by its director R G Hemmings.

| TGR which is a related party owed £21,500 as at 31 March 2025 (2024: £15,000).

| RHK Metals Ltd which is also a related party owed £40,000 as at 31 March 2025 - licensing fees were received from RHK Metals Ltd in the year of £24,500.