Stevenage Scrap Metal Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08934743 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

STEVENAGE SCRAP METAL LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

R G Hemmings

REGISTERED OFFICE:

Croft Chambers

11 Bancroft

Hitchin

Herts

SG5 1JQ

REGISTERED NUMBER:

08934743 (England and Wales)

ACCOUNTANTS:

Bradshaw Johnson

Chartered Accountants

Croft Chambers

11 Bancroft

Hitchin

Hertfordshire

SG5 1JQ

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

11,658

24,156

Investments

6

500,000

511,658

524,156

CURRENT ASSETS

Debtors

7

61,967

61,500

Cash at bank

4,492

31,081

66,459

92,581

CREDITORS

Amounts falling due within one year

8

58,286

67,559

NET CURRENT ASSETS

8,173

25,022

TOTAL ASSETS LESS CURRENT
LIABILITIES

519,831

549,178

CREDITORS

Amounts falling due after more than one
year

9

160,000

206,992

NET ASSETS

359,831

342,186

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

359,829

342,184

SHAREHOLDERS' FUNDS

359,831

342,186

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 11 August 2026 and were signed by:

R G Hemmings - Director

1.	STATUTORY INFORMATION

Stevenage Scrap Metal Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 NIL (2025 - 2 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

200,000

AMORTISATION

At 1 April 2025

and 31 March 2026

200,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 April 2025

34,939

49,537

84,476

Disposals

-

(18,482

)

(18,482

)

At 31 March 2026

34,939

31,055

65,994

DEPRECIATION

At 1 April 2025

25,482

34,838

60,320

Charge for year

6,104

3,675

9,779

Eliminated on disposal

-

(15,763

)

(15,763

)

At 31 March 2026

31,586

22,750

54,336

NET BOOK VALUE

At 31 March 2026

3,353

8,305

11,658

At 31 March 2025

9,457

14,699

24,156

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2025

and 31 March 2026

500,000

NET BOOK VALUE

At 31 March 2026

500,000

At 31 March 2025

500,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Other debtors - TGR / RHK

61,500

VAT

467

-

61,967

61,500

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Bank loans and overdrafts

6,705

9,834

Other loans

40,000

Tax

10,684

15,327

Directors' current accounts

54

Accrued expenses

843

2,344

58,286

67,559

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.26

31.3.25

£

Bank loans - 1-2 years

-

6,992

Other loans - 1-2 years

40,000

Other loans - 2-5 years

120,000

160,000

206,992

This represents the balance due in respect of the purchase of goodwill from Colin Hemmings Ltd.

10.	RELATED PARTY DISCLOSURES

The company is controlled by its director R G Hemmings.

TGR which is a related party owed £21,500 as at 31 March 2026 (2025: £21,500).

RHK Metals Ltd which is also a related party owed £40,000 as at 31 March 2026 - licensing fees were received from RHK Metals Ltd in the year of £42,000.