Steel Trans Ltd - Filleted accounts

Registered number

09325366

Steel Trans Ltd

Filleted Accounts

30 November 2024

Steel Trans Ltd
Registered number:		09325366
Balance Sheet
as at 30 November 2024

Notes			2024			2023
£				£
Fixed assets
Intangible assets	3		35,322			42,827
Tangible assets	4		553,243			734,570
Investments			-			117,000
			588,565			894,397

Current assets
Debtors	5	465,001			208,546
Cash at bank and in hand		1,022			37,936
		466,023			246,482

Creditors: amounts falling due within one year	6	(764,061)			(709,419)

Net current liabilities			(298,038)			(462,937)

Total assets less current liabilities			290,527			431,460

Creditors: amounts falling due after more than one year	7		(25,732)			(31,802)



Net assets			264,795			399,658

Capital and reserves
Called up share capital			100			100
Profit and loss account			264,695			399,558

Shareholder's funds			264,795			399,658

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Dragos Rusu
Director
Approved by the board on 28 October 2025

Steel Trans Ltd
Notes to the Accounts
for the year ended 30 November 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			over 4 years
	Plant and machinery			25% on a reducing balance basis

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					1		1


3	Intangible fixed assets							£
	Software development:

	Cost
	At 1 December 2023							75,053
	At 30 November 2024							75,053

	Amortisation
	At 1 December 2023							32,226
	Provided during the year							7,505
	At 30 November 2024							39,731

	Net book value
	At 30 November 2024							35,322
	At 30 November 2023							42,827

	Software development is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 December 2023	9,049		86,546		1,357,768		1,453,363
	Additions	23,000		-		159,600		182,600
	Disposals	-		-		(229,575)		(229,575)
	At 30 November 2024	32,049		86,546		1,287,793		1,406,388

	Depreciation
	At 1 December 2023	6,787		49,524		662,482		718,793
	Charge for the year	8,012		9,255		179,096		196,363
	On disposals	-		-		(62,011)		(62,011)
	At 30 November 2024	14,799		58,779		779,567		853,145

	Net book value
	At 30 November 2024	17,250		27,767		508,226		553,243
	At 30 November 2023	2,262		37,022		695,286		734,570


5	Debtors					2024		2023
£							£

	Trade debtors					972		16,777
	Prepayments and accrued income					92,574		80,614
	Director's current account					268,563		70,208
	CT recoverable					90,640		23,695
	Other debtors					12,252		17,252
						465,001		208,546


6	Creditors: amounts falling due within one year					2024		2023
£							£

	Bank loans and overdrafts					5,146		5,300
	Trade creditors					25,647		355,708
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					336,443		261,626
	Taxation and social security costs					324,602		41,641
	Accruals and deferred income					31,128		19,144
	Other creditors					41,095		26,000
						764,061		709,419


7	Creditors: amounts falling due after one year					2024		2023
£							£

	Bank loans					25,732		31,802


8	Other information

	Steel Trans Ltd is a private company limited by shares and incorporated in England. Its registered office is at:
	84 Wood Lane, Erdington, Birmingham, B24 9QL