HR Steelwork Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12535925 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

HR STEELWORK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

E J Leach

REGISTERED OFFICE:

Brockholes Way

Garstang Road

Claughton-On-Brock

Preston

Lancashire

PR3 0PZ

REGISTERED NUMBER:

12535925 (England and Wales)

AUDITORS:

RFM Audit Services LLP, Statutory Auditor

Unit 1, Guest House Farm

Runshaw Lane

Euxton

Chorley

Lancashire

PR7 6HD

CURRENT ASSETS

Debtors

4

566,380

642,622

Cash at bank

4,282

359

570,662

642,981

CREDITORS

Amounts falling due within one year

5

535,856

637,152

NET CURRENT ASSETS

34,806

5,829

TOTAL ASSETS LESS CURRENT LIABILITIES

34,806

5,829

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

34,805

5,828

34,806

5,829

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 10 December 2025 and were signed by:

E J Leach - Director

1.	STATUTORY INFORMATION

Hr Steelwork 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.

The financial statements are prepared in sterling, which is the functional currency of the company.

Monetary amounts in these financial statements are rounded to the nearest £.

RELATED PARTY EXEMPTION

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.

TURNOVER

Turnover in respect of steel work contracts represents the amounts receivable on those contracts during the year with reference to certified contract values and variations agreed with customers. Amounts outstanding at the year end in respect of steel work contracts are included within trade debtors.

Turnover in respect of all other invoiced work represents amounts receivable for goods and services net of VAT and trade discounts. Amounts outstanding at the year end in respect of all other invoiced work is included within trade debtors.

FINANCIAL INSTRUMENTS

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

CASH AND CASH EQUIVALENTS

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

GOING CONCERN

At the time of approving the financial statements, the director has a reasonable expectation that the company is able to continue in operational existence for the foreseeable future. The company is a member of a group of companies that has significant profit and cash reserves. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

170,452

354,585

Amounts owed by group undertakings

220,181

119,181

Gross amounts owed by contract

customers

11,300

Other debtors

164,447

157,556

566,380

642,622

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

54

Amounts owed to group undertakings

533,404

633,391

Taxation and social security

(2

)

1,307

Other creditors

2,400

535,856

637,152

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

The Report of the Auditors was unqualified.

Sarah Flynn FCA (Senior Statutory Auditor)

for and on behalf of RFM Audit Services LLP, Statutory Auditor

7.	ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Leach Holdings Limited, a company registered in England and Wales whose registered office is Brockholes Way, Garstang Road, Claughton on Brock, Preston, PR3 0PZ.

The ultimate controlling party is Mr E J Leach.

The smallest and largest group into which the company is consolidated is that of Leach Holdings Limited, the ultimate parent company. Copies of the consolidated accounts for this group are available and can be obtained from Companies House.

Since the year end there has been a change to the ultimate controlling party, which is now Qubic Trustees Ltd in its capacity as trustee of The Leach Holdings Limited Trust (the Trust) and which owns 99.96% of the share capital of the company’s immediate parent undertaking on behalf of the Trust.

Qubic Trustees Ltd is registered in England and Wales and its registered office is 2 St. James Gate, Newcastle upon Tyne, NE1 4AD.