REGISTERED NUMBER: 12414423 (England and Wales)

Steel Traders (Midlands) Limited

Unaudited Financial Statements for the Year Ended 31 January 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N R A Lally

REGISTERED OFFICE:

13 Vansittart Estate

Windsor

Berkshire

SL4 1SE

REGISTERED NUMBER:

12414423 (England and Wales)

ACCOUNTANTS:

Cottrill Mason Ltd

13 Vansittart Estate

Windsor

Berkshire

SL4 1SE

FIXED ASSETS

Tangible assets

4

86,766

254,449

CURRENT ASSETS

Stocks

649,447

693,187

Debtors

5

1,927,400

1,483,200

Cash at bank

46,899

79,183

2,623,746

2,255,570

CREDITORS

Amounts falling due within one year

6

(2,554,437

)

(1,934,183

)

NET CURRENT ASSETS

69,309

321,387

TOTAL ASSETS LESS CURRENT LIABILITIES

156,075

575,836

CREDITORS

Amounts falling due after more than one year

7

(49,344

)

(185,536

)

NET ASSETS

106,731

390,300

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

106,631

390,200

106,731

390,300

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 23 October 2025 and were signed by:

N R A Lally - Director

1.	STATUTORY INFORMATION

Steel Traders (Midlands) Limited 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

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

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

308,182

Additions

3,700

Disposals

(185,746

)

At 31 January 2025

126,136

DEPRECIATION

At 1 February 2024

53,733

Charge for year

59,935

Eliminated on disposal

(74,298

)

At 31 January 2025

39,370

NET BOOK VALUE

At 31 January 2025

86,766

At 31 January 2024

254,449

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

1,591,815

1,331,784

Amounts owed by group undertakings

50,202

-

Other debtors

285,383

151,416

1,927,400

1,483,200

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

7,747

-

Hire purchase contracts

14,910

40,918

Trade creditors

2,187,311

1,609,073

Amounts owed to group undertakings

-

2,778

Taxation and social security

274,212

262,081

Other creditors

70,257

19,333

2,554,437

1,934,183

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

5,279

20,582

Hire purchase contracts

44,065

164,954

49,344

185,536

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

5,272

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

£

N R A Lally

Balance outstanding at start of year

109,980

-

Amounts advanced

66,808

109,980

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

176,788

109,980

9.	RELATED PARTY DISCLOSURES

"At the balance sheet date the company was owed by it's associate, Steel Traders Limited a sum of £50,202.00"