Ashfield Steel Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 11140546

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		43,758		49,590

			43,758		49,590
CURRENT ASSETS
Stocks	5	1,794		1,869
Debtors	6	127,149		120,145
Cash at bank and in hand		206,961		215,885

		335,904		337,899
Creditors: Amounts Falling Due Within One Year	7	(234,358 )		(235,126 )

NET CURRENT ASSETS (LIABILITIES)			101,546		102,773

TOTAL ASSETS LESS CURRENT LIABILITIES			145,304		152,363

PROVISIONS FOR LIABILITIES
Deferred Taxation			(10,939 )		(12,398 )

NET ASSETS			134,365		139,965

CAPITAL AND RESERVES
Called up share capital	8		4		4
Profit and Loss Account			134,361		139,961

SHAREHOLDERS' FUNDS			134,365		139,965

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Ashfield Steel Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr D M Beastall

Director

21 September 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Ashfield Steel Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11140546 . The registered office is Suite 5, The Willows Ransom Wood Business Park, Southwell Road West, Rainworth, Mansfield, Nottinghamshire, NG21 0HJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2025: 2)

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Ashfield Steel Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 February 2025	6,085	48,087	26,313	80,485
Additions	-	-	8,753	8,753

As at 31 January 2026	6,085	48,087	35,066	89,238

Depreciation
As at 1 February 2025	1,933	21,038	7,924	30,895
Provided during the period	1,038	6,762	6,785	14,585

As at 31 January 2026	2,971	27,800	14,709	45,480

Net Book Value
As at 31 January 2026	3,114	20,287	20,357	43,758

As at 1 February 2025	4,152	27,049	18,389	49,590

5. Stocks

	2026	2025
	£	£
Stock	1,794	1,869

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	125,610	120,019
Other debtors	1,539	126

	127,149	120,145

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	53,396	105,686
Other creditors	147,699	107,999
Taxation and social security	33,263	21,441

	234,358	235,126

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	4	4

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