Steel Frame Structures Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12800656

STEEL FRAME STRUCTURES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 August 2024

STEEL FRAME STRUCTURES LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2024

CONTENTS	PAGE

Statement of financial position	1

Notes to the financial statements	3

STEEL FRAME STRUCTURES LIMITED

STATEMENT OF FINANCIAL POSITION

31 August 2024

	2024		2023
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		163,771		135,696

CURRENT ASSETS

Stocks		161,660	162,285
Debtors	6	484,641	381,419
Cash at bank and in hand		20,474	74,598
		-----------	-----------
		666,775	618,302

CREDITORS: amounts falling due within one year	7	709,709		639,044
		-----------		-----------
NET CURRENT LIABILITIES			42,934		20,742
			-----------		-----------
TOTAL ASSETS LESS CURRENT LIABILITIES			120,837		114,954

CREDITORS: amounts falling due after more than one year	8		56,718		41,595

PROVISIONS	9	15,820	14,700
		-----------	-----------
NET ASSETS		48,299	58,659
		-----------	-----------

STEEL FRAME STRUCTURES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 August 2024

	2024		2023
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	11	99	99
Profit and loss account		48,200	58,560
		---------	---------
SHAREHOLDERS FUNDS		48,299	58,659
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 12 December 2025 , and are signed on behalf of the board by:

Mr S Dunbar

Director

Company registration number: 12800656

STEEL FRAME STRUCTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Equitable House, 55 Pellon Lane, Halifax, HX1 5SP.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current and deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Alterations to leasehold property	-	10% reducing balance
Plant and machinery	-	15% reducing balance
Motor vehicles	-	25% reducing balance

	Computer and office equipment	-	33% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. TANGIBLE ASSETS

	Alterations to leasehold property	Plant and machinery	Motor vehicles	Computer and office equipment	Total
	£	£	£	£	£
Cost
At 1 September 2023	54,445	44,134	68,899	19,247	186,725
Additions	–	12,750	39,997	1,750	54,497
	---------	---------	-----------	---------	-----------
At 31 August 2024	54,445	56,884	108,896	20,997	241,222
	---------	---------	-----------	---------	-----------
Depreciation
At 1 September 2023	11,447	12,958	15,327	11,297	51,029
Charge for the year	4,300	5,101	14,226	2,795	26,422
	---------	---------	-----------	---------	-----------
At 31 August 2024	15,747	18,059	29,553	14,092	77,451
	---------	---------	-----------	---------	-----------
Carrying amount
At 31 August 2024	38,698	38,825	79,343	6,905	163,771
	---------	---------	-----------	---------	-----------
At 31 August 2023	42,998	31,176	53,572	7,950	135,696
	---------	---------	-----------	---------	-----------

6. DEBTORS

	2024	2023
	£	£
Trade debtors	444,009	339,649
Prepayments and accrued income	15,521	9,972
Corporation tax repayable	355	15,074
Other debtors	24,756	16,724
	-----------	-----------
	484,641	381,419
	-----------	-----------

7. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	439,085	384,176
Accruals and deferred income	14,946	8,312
Social security and other taxes	3,141	1,609
Obligations under finance leases and hire purchase contracts	29,486	18,329
Director loan accounts	223,051	226,618
	-----------	-----------
	709,709	639,044
	-----------	-----------

The following liabilities disclosed under creditors falling due within one year are secured by the company:

	2024	2023
	£	£
Hire purchase agreement	29,486	18,329
	---------	---------

8. CREDITORS: amounts falling due after more than one year

	2024	2023
	£	£
Obligations under finance leases and hire purchase contracts	56,718	41,595
	---------	---------

The following liabilities disclosed under creditors falling due after one year are secured by the company:

	2024	2023
	£	£
Hire purchase agreement	56,718	41,595
	---------	---------

9. PROVISIONS

	Deferred tax (note 10)
	£
At 1 September 2023	14,700
Additions	1,120
	---------
At 31 August 2024	15,820
	---------

10. DEFERRED TAX

The deferred tax included in the statement of financial position is as follows:

	2024	2023
	£	£
Included in provisions (note 9)	15,820	14,700
	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Accelerated capital allowances	15,820	14,700
	---------	---------

11. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	99	99	99	99
	-----	-----	-----	-----

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loan account was in credit throughout the year. The loan is repayable on demand and no interest is charged.