REGISTERED NUMBER: 13756536 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2025 TO 30 NOVEMBER 2025

FOR

UK STEEL STOCK LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

A B Cochrane

REGISTERED OFFICE:

First Floor

Hurstwood Business Centre

York Road

Thirsk

North Yorkshire

YO7 3BX

REGISTERED NUMBER:

13756536 (England and Wales)

FIXED ASSETS

Tangible assets

5

78,540

156,078

CURRENT ASSETS

Stocks

9,680

537,509

Debtors

6

3,620,823

1,836,783

Cash at bank

546,073

762,095

4,176,576

3,136,387

CREDITORS

Amounts falling due within one year

7

3,013,787

1,844,543

NET CURRENT ASSETS

1,162,789

1,291,844

TOTAL ASSETS LESS CURRENT LIABILITIES

1,241,329

1,447,922

PROVISIONS FOR LIABILITIES

12,632

38,480

NET ASSETS

1,228,697

1,409,442

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

1,228,597

1,409,342

SHAREHOLDERS' FUNDS

1,228,697

1,409,442

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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 22 April 2026 and were signed by:

A B Cochrane - Director

1.	STATUTORY INFORMATION

UK Steel Stock 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Critical judgements in applying the company's policies

The management consider that no critical judgements have had to be made in preparing these financial statements.

Key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The 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 are as follows:

Assessing indicators of impairment - In assessing whether there have been indicators of impairment of assets, the directors have considered both external and internal sources of information such as market conditions, counterparty credit ratings, ageing profile of debtors and experience of recoverability. Where indications of impairment are identified, the necessary provision for impairment is recognised in the corresponding financial period.

Useful economic lives of tangible assets - The annual depreciation charge is sensitive to changes in the estimated useful lives of the asset. The useful economic lives are re-assessed annually. They are amended when necessary to reflect current estimates, future investments and economic utilisation.

The directors do not consider that any other estimates and assumptions used in the preparation of these financial statements have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company's activities. Turnover is shown net of value added tax. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met, including that the significant risks and rewards of ownership of the goods has been transferred to the buyer.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

20% on cost

Office equipment

-

33% on cost

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the previous financial period.

Impairment of fixed assets

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. Where applicable, prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for obsolete and slow moving items. Cost is based on the purchase price of the actual quantities in stock.

At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to sell and the impairment loss is recognised immediately in profit or loss.

Taxation

Taxation for the period 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 period 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.

Foreign currencies

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated in to the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Hire purchase and leasing commitments

Operating lease rentals are charged against profits on a straight-line basis over the period of the lease.

Defined contribution pension obligation

Payments to defined contribution pension schemes are charged as an expense in the period to which they relate.

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. If the contribution due for service exceeds contribution payments, the excess is recognised as an accrual.

Derivative financial instruments

The company enters into certain short term derivative transactions, purchasing forward currency contracts to manage the exchange rate risk arising from the company's operations.

These derivative financial instruments are initially recognised at fair value on the date on which the contract is entered into, and are subsequently remeasured at fair value.

Fair value is calculated by reference to current forward exchange rates for contracts with similar maturity profiles.

Derivatives are carried in the balance sheet as assets when the fair value is positive and as liabilities when the fair value is negative. Fair value movements are taken into account in arriving at the profit on ordinary activities before taxation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits and other short term, highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for goods sold in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditors for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Going concern

The company has a net asset position and a healthy bank position and the director is satisfied that there are sufficient resources in place to continue operating for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2024 - 8 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Office

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

166,126

34,267

-

47,727

248,120

Additions

-

-

33,600

-

33,600

Disposals

-

(18,715

)

-

(170

)

(18,885

)

At 30 November 2025

166,126

15,552

33,600

47,557

262,835

DEPRECIATION

At 1 January 2025

34,519

21,090

-

36,433

92,042

Charge for period

88,841

4,914

2,800

8,920

105,475

Eliminated on disposal

-

(13,076

)

-

(146

)

(13,222

)

At 30 November 2025

123,360

12,928

2,800

45,207

184,295

NET BOOK VALUE

At 30 November 2025

42,766

2,624

30,800

2,350

78,540

At 31 December 2024

131,607

13,177

-

11,294

156,078

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,970,503

1,328,597

Amounts owed by group undertakings

500

500

Other debtors

649,820

507,686

3,620,823

1,836,783

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,876,456

1,322,873

Taxation and social security

10,162

269,302

Other creditors

127,169

252,368

3,013,787

1,844,543

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary Shares

£1

100

100

The Ordinary shares cary full voting, equity and dividend rights, are non-redeemable and rank pari passu in all respects.

9.

RESERVES

Retained

earnings

£

At 1 January 2025

1,409,342

Deficit for the period

(180,745

)

At 30 November 2025

1,228,597

Retained earnings

This reserve records retained earnings and accumulated losses.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 November 2025 and the year ended 31 December 2024:

2025

2024

£

£

A B Cochrane

Balance outstanding at start of period

490,000

-

Amounts advanced

8,499

490,000

Amounts repaid

(490,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

8,499

490,000

Directors' loan accounts with the company are repayable on demand. Where a loan account becomes overdrawn by £10,000 or more, interest is charged on the full balance at H M Revenue & Customs approved rates.

11.	RELATED PARTY DISCLOSURES

Included in debtors is a loan owing from entity which has a participating interest in the company. At the reporting date, the balance of the loan was £500 (2024 - £500). The loan is interest-free and repayable on demand.

Included in debtors is a directors' loan account. At the reporting date the balance outstanding is £8,499 (2024 - £490,000) and interest receivable on the loan in the reporting period was £5,908 (2024 - £5,437).

12.	ULTIMATE CONTROLLING PARTY

The controlling party is UKSS Holdings Limited.

The ultimate controlling party is A B Cochrane.