A1 Steel Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02211952

A1 Steel Limited

Filleted Unaudited Financial Statements

For the year ended

31 August 2025

A1 Steel Limited

Statement of Financial Position

31 August 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		60,002	41,916

Current assets

Stocks		108,950	107,726
Debtors	6	584,705	625,049
Cash at bank and in hand		152	7,201
		---------	---------
		693,807	739,976

Creditors: amounts falling due within one year	7	671,760		652,449
		---------		---------
Net current assets			22,047	87,527
			--------	---------
Total assets less current liabilities			82,049	129,443

Creditors: amounts falling due after more than one year	8		–	16,666

Provisions

Taxation including deferred tax	12,990	7,996
	--------	---------
Net assets	69,059	104,781
	--------	---------

A1 Steel Limited

Statement of Financial Position (continued)

31 August 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	5,400	5,400
Share premium account	8,109	8,109
Capital redemption reserve	5,988	5,988
Profit and loss account	49,562	85,284
	--------	---------
Shareholders funds	69,059	104,781
	--------	---------

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 2025 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 28 May 2026 , and are signed on behalf of the board by:

A Johnson

Director

Company registration number: 02211952

A1 Steel Limited

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Saville Road Industrial Estate, Westwood, Peterborough, Cambridgeshire, PE3 7PR.

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.

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 no judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the a significant effect on the amounts recognised in the financial statements. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. Management consider that there are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income 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 material 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.

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:

Leasehold Property	-	10 years straight line
Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25% 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 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.

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 15 (2024: 16 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 September 2024	91,278	287,597	106,727	68,995	554,597
Additions	–	6,490	30,385	158	37,033
Disposals	–	–	–	( 6,013)	( 6,013)
	--------	---------	---------	--------	---------
At 31 August 2025	91,278	294,087	137,112	63,140	585,617
	--------	---------	---------	--------	---------
Depreciation
At 1 September 2024	89,771	269,893	98,090	54,927	512,681
Charge for the year	426	4,959	9,756	3,460	18,601
Disposals	–	–	–	( 5,667)	( 5,667)
	--------	---------	---------	--------	---------
At 31 August 2025	90,197	274,852	107,846	52,720	525,615
	--------	---------	---------	--------	---------
Carrying amount
At 31 August 2025	1,081	19,235	29,266	10,420	60,002
	--------	---------	---------	--------	---------
At 31 August 2024	1,507	17,704	8,637	14,068	41,916
	--------	---------	---------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	228,427	254,086
Other debtors	356,278	370,963
	---------	---------
	584,705	625,049
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	211,599	228,272
Trade creditors	369,444	294,248
Social security and other taxes	53,947	79,173
Other creditors	36,770	50,756
	---------	---------
	671,760	652,449
	---------	---------

Within the bank overdraft figure £172,171 (2024 - £199,105) relates to a Recourse Invoice Discounting Facility which is secured on the assets to which it relates.

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

	2025	2024
	£	£
Bank loans and overdrafts	–	16,666
	----	--------

During a previous year the company received a Coronavirus business interruption loan. The lender has been provided with a partial guarantee from the UK Government.

9. Deferred tax

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

	2025	2024
	£	£
Included in provisions	12,990	7,996
	--------	-------

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

	2025	2024
	£	£
Accelerated capital allowances	12,990	7,996
	--------	-------

10. Directors' advances, credits and guarantees

At the beginning of the year Director A owed the company £161,455. During the year the company settled personal liabilities of the director totalling £117,351. Monies totalling £124,800 were introduced. At the end of the year the director owed the company £154,006. No interest has been charged and the loan is repayable on demand. At the beginning of the period Director B owed the company £114,406. During the period the company settled personal liabilities of the director totalling £69,134. Monies totalling £88,024 were introduced. At the end of the period the director owed the company £95,516. No interest has been charged and the loan is repayable on demand.