Spice Hawk Steel Sections Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01724433 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Spice Hawk Steel Sections Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K C Gupta

SECRETARY:

K C Gupta

REGISTERED OFFICE:

Gupta Industrial Estate

West Bromwich Street

Oldbury

West Midlands

B69 3AP

REGISTERED NUMBER:

01724433 (England and Wales)

ACCOUNTANTS:

Concept Accountancy Services Ltd

89a Dudley Road

Halesowen

West Midlands

B63 3NS

FIXED ASSETS

Tangible assets

4

79,642

72,498

Investments

5

418,621

498,263

491,119

CURRENT ASSETS

Stocks

49,459

58,512

Debtors

6

62,175

117,357

Cash at bank

1,356,155

1,515,712

1,467,789

1,691,581

CREDITORS

Amounts falling due within one year

7

416,669

576,399

NET CURRENT ASSETS

1,051,120

1,115,182

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,549,383

1,606,301

PROVISIONS FOR LIABILITIES

8

14,909

13,426

NET ASSETS

1,534,474

1,592,875

CAPITAL AND RESERVES

Called up share capital

150,067

Capital redemption reserve

33

Retained earnings

1,384,374

1,442,775

SHAREHOLDERS' FUNDS

1,534,474

1,592,875

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

The members have not required the company to obtain an audit of its financial statements for the year 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 14 August 2026 and were signed by:

K C Gupta - Director

1.	STATUTORY INFORMATION

Spice Hawk Steel Sections 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary Amounts in these financial statements are rounded to the nearest £.

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.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

20% 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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Financial instruments and equity instruments

The company has elected to apply the provision of section 11 'Basic Financial Instruments' and Section 12 'Other financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1 December 2024

826,973

54,658

25,590

907,221

Additions

-

15,964

-

15,964

At 30 November 2025

826,973

70,622

25,590

923,185

DEPRECIATION

At 1 December 2024

772,065

43,962

18,696

834,723

Charge for year

5,491

1,950

1,379

8,820

At 30 November 2025

777,556

45,912

20,075

843,543

NET BOOK VALUE

At 30 November 2025

49,417

24,710

5,515

79,642

At 30 November 2024

54,908

10,696

6,894

72,498

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 December 2024

and 30 November 2025

418,621

NET BOOK VALUE

At 30 November 2025

418,621

At 30 November 2024

418,621

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Trade debtors

14,851

69,615

Other debtors

47,324

47,742

62,175

117,357

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Trade creditors

58,531

115,125

Taxation and social security

3,290

7,160

Other creditors

354,848

454,114

416,669

576,399

8.	PROVISIONS FOR LIABILITIES

30.11.25

30.11.24

£

Deferred tax

14,909

13,426

Deferred

tax

£

Balance at 1 December 2024

13,426

Provided during year

1,483

Decrease in provision

Balance at 30 November 2025

14,909

9.	RELATED PARTY DISCLOSURES

During the year, the company occupied premises owned by Leabrook Investments Ltd rent free. (2024: £Nil)

Other debtors at 30th November 2025 included £35,302 due from Willowgrove Ltd (2024: £35,302). The nature of the transactions are unsecured and interest free loans repayable on demand.

Other creditors at 30th November 2025 included £313,571 due to Leabrook Investments Ltd (2024:£411,905) and £100 due to S H Steel Sections Ltd (2024: £100). The transactions are unsecured and interest free loans repayable upon demand.

Spice Hawk Steel Sections Ltd is a majority shareholder in Leabrook Investments Ltd. S H Steel Sections Ltd is a wholly owned subsidiary of Spice Hawk Steel Sections Ltd. Willowgrove Ltd is wholly owned by Mr KC Gupta.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is K C Gupta.