Butterworth Steel Processing Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02165423 (England and Wales)

BUTTERWORTH STEEL PROCESSING LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W R Broadhurst

D Butterworth

D P Broadhurst

Miss S A Broadhurst

Mrs K Broadhurst

REGISTERED OFFICE:

Emms Works

Pear Tree Lane

Dudley

West Midlands

DY2 0XD

REGISTERED NUMBER:

02165423 (England and Wales)

ACCOUNTANTS:

Sephton & Company LLP

Chartered Certified Accountants

Marston House

5 Elmdon Lane

Marston Green

Solihull

West Midlands

B37 7DL

FIXED ASSETS

Tangible assets

4

773,466

824,540

Investment property

5

280,000

311,000

1,053,466

1,135,540

CURRENT ASSETS

Stocks

348,764

866,059

Debtors

6

3,362,809

4,108,924

Cash at bank and in hand

9,587,879

8,306,605

13,299,452

13,281,588

CREDITORS

Amounts falling due within one year

7

782,333

1,213,713

NET CURRENT ASSETS

12,517,119

12,067,875

TOTAL ASSETS LESS CURRENT
LIABILITIES

13,570,585

13,203,415

PROVISIONS FOR LIABILITIES

34,320

51,649

NET ASSETS

13,536,265

13,151,766

CAPITAL AND RESERVES

Called up share capital

16,667

Capital redemption reserve

8,333

Retained earnings

13,511,265

13,126,766

SHAREHOLDERS' FUNDS

13,536,265

13,151,766

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 17 June 2026 and were signed on its behalf by:

W R Broadhurst - Director

1.	STATUTORY INFORMATION

Butterworth Steel Processing 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.	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 as modified by the revaluation of certain assets.

Turnover

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

Rental income is recognised on a straight line basis over the course of the lease.

Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding and the effective interest rate applicable.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 13 (2025 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

COST

At 1 May 2025

and 30 April 2026

1,075,135

367,175

1,897

DEPRECIATION

At 1 May 2025

403,956

280,074

922

Charge for year

21,501

13,058

194

At 30 April 2026

425,457

293,132

1,116

NET BOOK VALUE

At 30 April 2026

649,678

74,043

781

At 30 April 2025

671,179

87,101

975

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 May 2025

and 30 April 2026

204,400

10,199

1,658,806

DEPRECIATION

At 1 May 2025

139,115

10,199

834,266

Charge for year

16,321

-

51,074

At 30 April 2026

155,436

10,199

885,340

NET BOOK VALUE

At 30 April 2026

48,964

-

773,466

At 30 April 2025

65,285

-

824,540

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2025

311,000

Revaluations

(31,000

)

At 30 April 2026

280,000

NET BOOK VALUE

At 30 April 2026

280,000

At 30 April 2025

311,000

Fair value at 30 April 2026 is represented by:

£

Valuation in 2022

179,126

Valuation in 2023

20,000

Valuation in 2026

(31,000

)

Cost

111,874

280,000

If investment property had not been revalued it would have been included at the following historical cost:

30/4/26

30/4/25

£

Cost

111,874

Investment property was valued on an open market basis on 21 May 2026 by a director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/26

30/4/25

£

Trade debtors

3,263,441

3,977,772

Other debtors

99,368

131,152

3,362,809

4,108,924

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/26

30/4/25

£

Trade creditors

197,243

301,320

Taxation and social security

472,264

795,204

Other creditors

112,826

117,189

782,333

1,213,713