REGISTERED NUMBER: 02323978 (England and Wales)

Shelley Steels Limited

Financial Statements

for the Year Ended 30 April 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J G Bedford

Mr M A Hughes

REGISTERED OFFICE:

Unit 12 Fall Bank Industrial Estate

Dodworth

Barnsley

South Yorkshire

S75 3LS

REGISTERED NUMBER:

02323978 (England and Wales)

ACCOUNTANTS:

SMH Jolliffe Cork Ltd

Accountants & Business Advisors

33 George Street

Wakefield

West Yorkshire

WF1 1LX

FIXED ASSETS

Tangible assets

4

45,688

56,482

CURRENT ASSETS

Stocks

555,347

639,914

Debtors

5

931,480

913,168

Cash at bank and in hand

483,971

517,190

1,970,798

2,070,272

CREDITORS

Amounts falling due within one year

6

141,352

311,624

NET CURRENT ASSETS

1,829,446

1,758,648

TOTAL ASSETS LESS CURRENT LIABILITIES

1,875,134

1,815,130

PROVISIONS FOR LIABILITIES

11,422

14,121

NET ASSETS

1,863,712

1,801,009

CAPITAL AND RESERVES

Called up share capital

60,300

60,300

Retained earnings

1,803,412

1,740,709

SHAREHOLDERS' FUNDS

1,863,712

1,801,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:

Mr J G Bedford - Director

Mr M A Hughes - Director

1.	STATUTORY INFORMATION

Shelley Steels 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.

The company's functional and presentation currency is the pound sterling £. All financial information presented has been rounded to the nearest £, unless otherwise stated.

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Tangible fixed assets are initially recorded 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. Cost is determined by using the specific identification method while net realisable value represents scrap value.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Fixed assets investments

Investments are initially recorded at cost and are updated to reflect market value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

73,434

17,251

43,867

4,384

138,936

Additions

799

-

-

-

799

Disposals

(865

)

-

-

-

(865

)

At 30 April 2025

73,368

17,251

43,867

4,384

138,870

DEPRECIATION

At 1 May 2024

42,173

17,251

18,646

4,384

82,454

Charge for year

5,287

-

6,306

-

11,593

Eliminated on disposal

(865

)

-

-

-

(865

)

At 30 April 2025

46,595

17,251

24,952

4,384

93,182

NET BOOK VALUE

At 30 April 2025

26,773

-

18,915

-

45,688

At 30 April 2024

31,261

-

25,221

-

56,482

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

241,280

222,937

Amounts owed by group undertakings

681,050

681,050

Prepayments and accrued income

9,150

9,181

931,480

913,168

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

68,408

231,385

Tax

29,426

43,679

VAT

40,961

34,046

Other creditors

68

68

Accruals and deferred income

2,489

2,446

141,352

311,624

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

22,140

23,850

Between one and five years

971

21,862

23,111

45,712

8.	RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Shelley Steels Associates Limited.

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.