REGISTERED NUMBER: 08934743 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

STEVENAGE SCRAP METAL LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

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

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.

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

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 ) .

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

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.