REGISTERED NUMBER: 15355417 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

B.A. STEELS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Babic

REGISTERED OFFICE:

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

REGISTERED NUMBER:

15355417 (England and Wales)

ACCOUNTANTS:

LDP Luckmans

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Intangible assets

4

2,783

-

Tangible assets

5

88,655

2,955

Investments

6

18,000

-

109,438

2,955

CURRENT ASSETS

Stocks

987,056

359,280

Debtors

7

1,470,726

690,956

Cash at bank

121,366

225,078

2,579,148

1,275,314

CREDITORS

Amounts falling due within one year

8

2,062,208

718,880

NET CURRENT ASSETS

516,940

556,434

TOTAL ASSETS LESS CURRENT LIABILITIES

626,378

559,389

CREDITORS

Amounts falling due after more than one year

9

(530,615

)

(499,000

)

PROVISIONS FOR LIABILITIES

(3,558

)

(739

)

NET ASSETS

92,205

59,650

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

92,202

59,647

92,205

59,650

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 16 September 2026 and were signed by:

A Babic - Director

1.	STATUTORY INFORMATION

B.A. 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.

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.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Fixtures and fittings

-

Straight line over 3 years

Motor vehicles

-

20% on reducing balance

Computer equipment

-

Straight line over 3 years

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 3 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

Additions

2,830

At 31 December 2025

2,830

AMORTISATION

Amortisation for year

47

At 31 December 2025

47

NET BOOK VALUE

At 31 December 2025

2,783

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

-

-

3,995

3,995

Additions

1,849

90,500

4,975

97,324

At 31 December 2025

1,849

90,500

8,970

101,319

DEPRECIATION

At 1 January 2025

-

-

1,040

1,040

Charge for year

223

9,050

2,351

11,624

At 31 December 2025

223

9,050

3,391

12,664

NET BOOK VALUE

At 31 December 2025

1,626

81,450

5,579

88,655

At 31 December 2024

-

-

2,955

2,955

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

Additions

14,691

Revaluations

3,309

At 31 December 2025

18,000

NET BOOK VALUE

At 31 December 2025

18,000

Cost or valuation at 31 December 2025 is represented by:

Other

investments

£

Valuation in 2025

3,309

Cost

14,691

18,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

1,463,570

675,438

Other debtors

7,156

15,518

1,470,726

690,956

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

17,195

-

Trade creditors

1,027,629

291,369

Taxation and social security

66,701

23,966

Other creditors

950,683

403,545

2,062,208

718,880

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

61,615

-

Other creditors

469,000

499,000

530,615

499,000

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.12.25

31.12.24

£

£

A Babic

Balance outstanding at start of year

2,833

-

Amounts advanced

11,382

2,833

Amounts repaid

(14,215

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

2,833