REGISTERED NUMBER: 08353619 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

GB Steels Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M J Barnsley

SECRETARY:

Mrs T Barnsley

REGISTERED OFFICE:

Unit 2

Bassett Road

Park Lane Industrial Estate

Halesowen

West Midlands

B63 2RE

REGISTERED NUMBER:

08353619 (England and Wales)

ACCOUNTANTS:

Pride Accountants

Polymer Court

Hope Street

Dudley

West Midlands

DY2 8RS

FIXED ASSETS

Tangible assets

4

13,412

17,884

CURRENT ASSETS

Stocks

77,749

49,908

Debtors

5

171,994

221,438

Cash at bank

163,494

215,561

413,237

486,907

CREDITORS

Amounts falling due within one year

6

236,244

318,698

NET CURRENT ASSETS

176,993

168,209

TOTAL ASSETS LESS CURRENT LIABILITIES

190,405

186,093

CREDITORS

Amounts falling due after more than one year

7

-

(2,406

)

PROVISIONS FOR LIABILITIES

8

(3,353

)

(4,471

)

NET ASSETS

187,052

179,216

CAPITAL AND RESERVES

Called up share capital

9

1,006

1,006

Retained earnings

186,046

178,210

SHAREHOLDERS' FUNDS

187,052

179,216

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 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 16 July 2026 and were signed by:

M J Barnsley - Director

1.	STATUTORY INFORMATION

GB Steels 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.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Office 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.

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 5 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Office

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 February 2025

and 31 January 2026

26,385

2,142

2,531

31,058

DEPRECIATION

At 1 February 2025

9,024

2,031

2,119

13,174

Charge for year

4,340

29

103

4,472

At 31 January 2026

13,364

2,060

2,222

17,646

NET BOOK VALUE

At 31 January 2026

13,021

82

309

13,412

At 31 January 2025

17,361

111

412

17,884

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

170,323

219,667

Other debtors

1,671

1,771

171,994

221,438

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

2,207

5,000

Trade creditors

159,584

216,413

Taxation and social security

38,104

63,404

Other creditors

36,349

33,881

236,244

318,698

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans

-

2,406

8.	PROVISIONS FOR LIABILITIES

31.1.26

31.1.25

£

£

Deferred tax

3,353

4,471

Deferred

tax

£

Balance at 1 February 2025

4,471

Provided during year

(1,118

)

Balance at 31 January 2026

3,353

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

£

1,002

Ordinary

£1

1,002

1,002

4

Ordinary "Non Voting"

£1

4

4

1,006

1,006

10.	ULTIMATE CONTROLLING PARTY

The controlling party is M J Barnsley.