REGISTERED NUMBER: NI052160 (Northern Ireland)

John H Place (Steels) Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D P J Gribbin

SECRETARY:

Ms A M Gribbin

REGISTERED OFFICE:

44 Blackpark Road

Toomebridge

Co. Antrim

BT41 3SL

REGISTERED NUMBER:

NI052160 (Northern Ireland)

ACCOUNTANTS:

Agnew Mitchell & Cairns

184 Rashee Road

Ballyclare

Co. Antrim

BT39 9JB

BANKERS:

First Trust Bank

The Diamond

Magherafelt

BT45 5AG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

367,256

406,141

367,256

406,141

CURRENT ASSETS

Stocks

974,872

1,196,679

Debtors

6

359,471

441,940

Cash at bank and in hand

702,827

433,522

2,037,170

2,072,141

CREDITORS

Amounts falling due within one year

7

110,657

211,626

NET CURRENT ASSETS

1,926,513

1,860,515

TOTAL ASSETS LESS CURRENT LIABILITIES

2,293,769

2,266,656

PROVISIONS FOR LIABILITIES

35,609

44,766

NET ASSETS

2,258,160

2,221,890

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

2,258,159

2,221,889

SHAREHOLDERS' FUNDS

2,258,160

2,221,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23 December 2025 and were signed by:

Mr D P J Gribbin - Director

1.	STATUTORY INFORMATION

John H Place (Steels) Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

3% on reducing balance

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

40,000

810

40,810

AMORTISATION

At 1 April 2024

and 31 March 2025

40,000

810

40,810

NET BOOK VALUE

At 31 March 2025

-

-

-

At 31 March 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

399,649

466,738

866,387

Additions

4,432

-

4,432

At 31 March 2025

404,081

466,738

870,819

DEPRECIATION

At 1 April 2024

150,338

309,908

460,246

Charge for year

7,612

35,705

43,317

At 31 March 2025

157,950

345,613

503,563

NET BOOK VALUE

At 31 March 2025

246,131

121,125

367,256

At 31 March 2024

249,311

156,830

406,141

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

304,478

368,163

Other debtors

54,993

73,777

359,471

441,940

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

-

4,528

Trade creditors

30,859

56,210

Taxation and social security

50,832

97,816

Other creditors

28,966

53,072

110,657

211,626

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

-

4,528

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

-

4,528