Steel City Fabrications Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 08364793

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		168,745		79,899

			168,745		79,899
CURRENT ASSETS
Stocks	5	74,000		55,000
Debtors	6	210,702		295,488
Cash at bank and in hand		112,485		590

		397,187		351,078
Creditors: Amounts Falling Due Within One Year	7	(177,821 )		(260,556 )

NET CURRENT ASSETS (LIABILITIES)			219,366		90,522

TOTAL ASSETS LESS CURRENT LIABILITIES			388,111		170,421

Creditors: Amounts Falling Due After More Than One Year	8		(105,397 )		(23,065 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	10		(42,186 )		(17,178 )

NET ASSETS			240,528		130,178

CAPITAL AND RESERVES
Called up share capital	11		2		2
Profit and Loss Account			240,526		130,176

SHAREHOLDERS' FUNDS			240,528		130,178

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Steel City Fabrications Ltd

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

J M Stewart

Director

28th October 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Steel City Fabrications Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08364793 . The registered office is Unit 5 Niagara Road, Sheffield, S6 1LU.

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.

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	16.67% Straight Line
Motor Vehicles	33.33% Reducing Balance
Computer Equipment	33.33% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. 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.

2.6. Financial Instruments

Debtors and creditors with no stated interest rate, and repayable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account within overheads.

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Steel City Fabrications Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.7. 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. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

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. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2025: 4)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2025	64,827	40,800	625	106,252
Additions	2,083	118,780	916	121,779

As at 31 January 2026	66,910	159,580	1,541	228,031

Depreciation
As at 1 February 2025	24,398	1,525	430	26,353
Provided during the period	10,927	21,506	500	32,933

As at 31 January 2026	35,325	23,031	930	59,286

Net Book Value
As at 31 January 2026	31,585	136,549	611	168,745

As at 1 February 2025	40,429	39,275	195	79,899

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2026	2025
	£	£
Motor Vehicles	106,304	26,625

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Steel City Fabrications Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

5. Stocks

	2026	2025
	£	£
Stock	56,000	55,000
Work in progress	18,000	-

	74,000	55,000

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	132,494	131,202
Prepayments and accrued income	8,799	-
Other debtors	2,884	2,884
CIS Recoverable Asset	18,734	130,772
VAT Recoverable Asset	47,791	30,630

	210,702	295,488

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	13,563	-
Trade creditors	109,347	148,237
Other loans	5,328	12,326
Other creditors	4,393	34,439
Taxation and social security	45,190	65,554

	177,821	260,556

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	87,683	-
Other loans	17,714	23,065

	105,397	23,065

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	13,563	-
Later than one year and not later than five years	87,683	-

	101,246	-

	101,246	-

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Steel City Fabrications Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

10. Deferred Taxation

The provision for deferred tax is made up as follows:

	2026	2025
	£	£
Other timing differences	42,186	17,178

11. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	2	2

12. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	-	1,484

	-	1,484

13. Related Party Transactions

Included within other creditors are loans to related parties amounting to £3,754 (2025 - £8,167). These loans are unsecured, interest free and repayable on demand.

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