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Company registration number: 02984538
Structural Steelworks & Engineering Limited
Unaudited filleted financial statements
31 December 2024
Structural Steelworks & Engineering Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Structural Steelworks & Engineering Limited
Directors and other information

| Director | G W Rogers
| Secretary | J V Rogers
| Company number | 02984538
| Registered office | CP House
|  | Otterspool Way
|  | Watford
|  | Herts
|  | WD25 8HP
| Accountants | Feldman & Feldman (RF) Ltd
|  | Chartered Certified Accountants
|  | CP House
|  | Otterspool Way
|  | Watford
|  | Herts, WD25 8HP

Structural Steelworks & Engineering Limited
Report to the director on the preparation of the
unaudited statutory financial statements of Structural Steelworks & Engineering Limited
Year ended 31 December 2024
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 December 2024 which comprise the statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Feldman & Feldman (RF) Ltd
Chartered Certified Accountants
CP House
Otterspool Way
Watford
Herts, WD25 8HP
17 February 2026
Structural Steelworks & Engineering Limited
Statement of financial position
31 December 2024

|  |  | 2024 |  |  |  | 2023 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 5 | 777,151 |  |  |  | 896,690 |  |
Investments |  | 6 | 200 |  |  |  | 200 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 777,351 |  |  |  | 896,890
Current assets |  |  |  |  |  |  |  |  |
Stocks |  |  | 225,000 |  |  |  | 220,000 |  |
Debtors |  | 7 | 4,940,441 |  |  |  | 4,062,803 |  |
Cash at bank and in hand |  |  | 432,241 |  |  |  | 670,500 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 5,597,682 |  |  |  | 4,953,303 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 8 | ( 1,218,566) |  |  |  | ( 826,253) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current assets |  |  |  |  | 4,379,116 |  |  |  | 4,127,050
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 5,156,467 |  |  |  | 5,023,940
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 9 |  |  | ( 10,000) |  |  |  | ( 30,000)
Provisions for liabilities |  |  |  |  | ( 61,569) |  |  |  | ( 61,569)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 5,084,898 |  |  |  | 4,932,371
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 300 |  |  |  | 300
Profit and loss account |  |  |  |  | 5,084,598 |  |  |  | 4,932,071
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 5,084,898 |  |  |  | 4,932,371
|  |  |  |  | _______ |  |  |  | _______

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 17 February 2026 , and are signed on behalf of the board by:
G W Rogers
Director
Company registration number: 02984538
Structural Steelworks & Engineering Limited
Notes to the financial statements
Year ended 31 December 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 CP House, CP House, Otterspool Way, Watford, Herts, WD25 8HP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover represents work done and goods sold, excluding Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves 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:

| Property Expenditure | - | 5 % | straight line
| Plant and machinery | - | 25 % | reducing balance
| Motor vehicles | - | 25 % | reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are stated at the lower of cost and market value.
Work in progress is stated at fair value, including profit.
Construction contracts
Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred. The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.
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 in finance costs in profit or loss in the period it arises.
4. Staff costs
The average number of persons employed by the company during the year amounted to 39 (2023: 39 ).
The aggregate payroll costs incurred during the year were:

|  |  | 2024 | 2023
|  |  | £ | £
| Wages and salaries |  | 1,886,912 | 1,760,101
| Other pension costs |  | 30,547 | 30,401
|  |  | _______ | _______
|  |  | 1,917,459 | 1,790,502
|  |  | _______ | _______

5. Tangible assets

|  | Long leasehold property | Plant and machinery | Motor vehicles | Total |  |  |
|  | £ | £ | £ | £ |  |  |
| Cost |  |  |  |  |  |  |
| At 1 January 2024 | 938,967 | 1,691,729 | 654,639 | 3,285,335 |  |  |
| Additions | - | 9,881 | 40,980 | 50,861 |  |  |
| Disposals | - | - | ( 41,850) | ( 41,850) |  |  |
|  | _______ | _______ | _______ | _______ |  |  |
| At 31 December 2024 | 938,967 | 1,701,610 | 653,769 | 3,294,346 |  |  |
|  | _______ | _______ | _______ | _______ |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1 January 2024 | 474,904 | 1,476,433 | 437,308 | 2,388,645 |  |  |
| Charge for the year | 46,948 | 56,294 | 63,718 | 166,960 |  |  |
| Disposals | - | - | ( 38,410) | ( 38,410) |  |  |
|  | _______ | _______ | _______ | _______ |  |  |
| At 31 December 2024 | 521,852 | 1,532,727 | 462,616 | 2,517,195 |  |  |
|  | _______ | _______ | _______ | _______ |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 31 December 2024 | 417,115 | 168,883 | 191,153 | 777,151 |  |  |
|  | _______ | _______ | _______ | _______ |  |  |
| At 31 December 2023 | 464,063 | 215,296 | 217,331 | 896,690 |  |  |
|  | _______ | _______ | _______ | _______ |  |  |

6. Investments

|  | Other investments other than loans | Total |  |  |  |
|  | £ | £ |  |  |  |
| Cost |  |  |  |  |  |
| At 1 January 2024 and 31 December 2024 | 200 | 200 |  |  |  |
|  | _______ | _______ |  |  |  |
| Impairment |  |  |  |  |  |
| At 1 January 2024 and 31 December 2024 | - | - |  |  |  |
|  | _______ | _______ |  |  |  |
| Carrying amount |  |  |  |  |  |
| At 31 December 2024 | 200 | 200 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 December 2023 | 200 | 200 |  |  |  |
|  | _______ | _______ |  |  |  |

7. Debtors

|  |  | 2024 | 2023
|  |  | £ | £
| Trade debtors |  | 968,984 | 832,320
| Other debtors |  | 3,971,457 | 3,230,483
|  |  | _______ | _______
|  |  | 4,940,441 | 4,062,803
|  |  | _______ | _______

8. Creditors: amounts falling due within one year

|  |  | 2024 | 2023
|  |  | £ | £
| Trade creditors |  | 703,939 | 617,303
| Corporation tax |  | 61,981 | 133,764
| Social security and other taxes |  | 45,494 | 11,448
| Other creditors |  | 407,152 | 63,738
|  |  | _______ | _______
|  |  | 1,218,566 | 826,253
|  |  | _______ | _______

9. Creditors: amounts falling due after more than one year

|  |  | 2024 | 2023
|  |  | £ | £
| Other creditors |  | 10,000 | 30,000
|  |  | _______ | _______