REGISTERED NUMBER: 01910100 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

AKM STEELS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N H Bird

SECRETARY:

Mr H G Bird

REGISTERED OFFICE:

Box Mill

Sheffield Road

Penistone

Sheffield

South Yorkshire

S36 6HQ

REGISTERED NUMBER:

01910100 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

Statutory Auditor

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

FIXED ASSETS

Tangible assets

4

32,029

37,763

CURRENT ASSETS

Stocks

5

2,372,618

3,194,750

Debtors

6

286,800

445,990

Cash at bank

6,117

13,795

2,665,535

3,654,535

CREDITORS

Amounts falling due within one year

7

826,829

1,874,034

NET CURRENT ASSETS

1,838,706

1,780,501

TOTAL ASSETS LESS CURRENT LIABILITIES

1,870,735

1,818,264

CAPITAL AND RESERVES

Called up share capital

9

100

100

Capital redemption reserve

32

32

Retained earnings

1,870,603

1,818,132

SHAREHOLDERS' FUNDS

1,870,735

1,818,264

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 2 December 2025 and were signed by:

Mr N H Bird - Director

1.	STATUTORY INFORMATION

Akm 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates

The level of stocks, net of stock provisions are detailed in the financial statements. The provisions have been calculated using judgement, based mainly on the historic selling patterns of the stock lines held .

There are no other key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Tangible fixed assets

Tangible fixed assets are initially recognised at cost. Cost includes all costs directly attributable to making the asset capable of operating as intended.

Plant and machinery

- 15% reducing balance

Fixtures and fittings

- 15% reducing balance

Motor vehicles

- 25% reducing balance

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs, after making due allowance for obsolete and slow moving stock.

Cost is calculated using the first-in first-out method and includes all purchase, transport and handling costs in bringing stock to their present location and condition.

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 NIL (2024 - 2 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

184,271

2,082

20,285

206,638

DEPRECIATION

At 1 April 2024

148,139

1,158

19,578

168,875

Charge for year

5,419

138

177

5,734

At 31 March 2025

153,558

1,296

19,755

174,609

NET BOOK VALUE

At 31 March 2025

30,713

786

530

32,029

At 31 March 2024

36,132

924

707

37,763

5.

STOCKS

2025

2024

£

£

Stocks

2,372,618

3,194,750

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

286,800

445,990

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

331,996

1,408,979

Trade creditors

137,258

161,044

Amounts owed to group undertakings

331,911

181,281

Corporation tax

17,434

62,131

Social security and other taxes

-

1,077

VAT

630

51,922

Accruals and deferred income

7,600

7,600

826,829

1,874,034

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

331,996

1,408,979

The bank overdraft is secured by means of a fixed and floating charge over the company's assets. Interest is charged at normal commercial rates.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

66

A Ordinary

£1

66

66

34

B Ordinary

£1

34

34

100

100

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Scott Mell (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

11.	ULTIMATE PARENT COMPANY

The ultimate parent company of AKM Steels Limited is A. D. Bird Stainless Limited, a company registered in England and Wales. The registered office is Box Mill, Sheffield Road, Penistone, Sheffield, South Yorkshire, S36 6HQ.