REGISTERED NUMBER: 02089006 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

FOR

F M STEELSTOCK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Maughan

R W Walker

Mrs B Maughan

SECRETARY:

Mrs B Maughan

REGISTERED OFFICE:

Newburn Ford House

Newburn Bridge Road

Newcastle

Tyne and Wear

NE15 8NR

REGISTERED NUMBER:

02089006 (England and Wales)

ACCOUNTANTS:

Blaeford Gordon & Company Ltd

101 Galgate

Barnard Castle

Co. Durham

DL12 8ES

FIXED ASSETS

Tangible assets

4

311,143

355,442

CURRENT ASSETS

Stocks

514,042

513,962

Debtors

5

774,441

921,755

Cash at bank

1,478,929

1,368,662

2,767,412

2,804,379

CREDITORS

Amounts falling due within one year

6

906,058

1,003,457

NET CURRENT ASSETS

1,861,354

1,800,922

TOTAL ASSETS LESS CURRENT LIABILITIES

2,172,497

2,156,364

PROVISIONS FOR LIABILITIES

68,552

77,133

NET ASSETS

2,103,945

2,079,231

CAPITAL AND RESERVES

Called up share capital

8

10,200

10,200

Retained earnings

2,093,745

2,069,031

SHAREHOLDERS' FUNDS

2,103,945

2,079,231

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 19 May 2026 and were signed on its behalf by:

D Maughan - Director

R W Walker - Director

1.	STATUTORY INFORMATION

F M Steelstock 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance and 20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2025 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2025

521,460

336,640

102,285

960,385

Additions

4,293

41,950

9,679

55,922

Disposals

(3,289

)

(43,500

)

-

(46,789

)

At 31 January 2026

522,464

335,090

111,964

969,518

DEPRECIATION

At 1 February 2025

343,861

169,463

91,619

604,943

Charge for year

36,264

45,816

4,784

86,864

Eliminated on disposal

(3,289

)

(30,143

)

-

(33,432

)

At 31 January 2026

376,836

185,136

96,403

658,375

NET BOOK VALUE

At 31 January 2026

145,628

149,954

15,561

311,143

At 31 January 2025

177,599

167,177

10,666

355,442

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 February 2025

85,029

Transfer to ownership

(85,029

)

At 31 January 2026

-

DEPRECIATION

At 1 February 2025

51,845

Transfer to ownership

(51,845

)

At 31 January 2026

-

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

33,184

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

643,589

795,524

Other debtors

130,852

126,231

774,441

921,755

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Hire purchase contracts

-

1,156

Trade creditors

745,025

733,981

Taxation and social security

96,659

119,933

Other creditors

64,374

148,387

906,058

1,003,457

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

Hire purchase contracts

-

1,156

Hire purchase contracts are secured by a charge on the assets to which they relate.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

£

2,200

Ordinary

£1

2,200

2,200

7,800

A Ordinary

£1

7,800

7,800

100

B Ordinary

£1

100

100

100

C Ordinary

£1

100

100

10,200

10,200

9.	RELATER PARTY DISCLOSURES

In 2005 the company sold its freehold premises at Newburn Bridge Road to the F M Steelstock Limited Retirement Benefit Scheme at open market value. The company continues to occupy these premises at an open market rent.

At 31 January 2026 there was a sum due from the Retirement Benefit Scheme to the company amounting to £70,743 (2025 - £70,838) which is shown in current assets.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is D Maughan.

Mr D Maughan is the ultimate controlling party as he and close family members hold 80% of the issued share capital of the company.