A J Steel Works Ltd - Filleted accounts

Registered number

10569225

A J Steel Works Ltd

Filleted Accounts

31 January 2026

A J Steel Works Ltd
Registered number:		10569225
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		150,000			150,000
Tangible assets	4		26,497			33,122
			176,497			183,122

Current assets
Stocks		12,155			12,500
Debtors	5	504			32,900
		12,659			45,400

Creditors: amounts falling due within one year	6	(185,661)			(205,071)

Net current liabilities			(173,002)			(159,671)

Total assets less current liabilities			3,495			23,451

Creditors: amounts falling due after more than one year	7		(21,807)			(23,459)



Net liabilities			(18,312)			(8)

Capital and reserves
Called up share capital			1			1
Profit and loss account			(18,313)			(9)

Shareholders' funds			(18,312)			(8)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Arvinder Singh JANDOO
Director
Approved by the board on 23 October 2026

A J Steel Works Ltd
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			3		3


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 February 2025					150,000
	At 31 January 2026					150,000

	Amortisation
	At 31 January 2026					-

	Net book value
	At 31 January 2026					150,000
	At 31 January 2025					150,000

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 February 2025	6,023		43,140		49,163
	At 31 January 2026	6,023		43,140		49,163

	Depreciation
	At 1 February 2025	1,205		14,836		16,041
	Charge for the year	964		5,661		6,625
	At 31 January 2026	2,169		20,497		22,666

	Net book value
	At 31 January 2026	3,854		22,643		26,497
	At 31 January 2025	4,818		28,304		33,122


5	Debtors			2026		2025
£					£

	Trade debtors			-		25,753
	Other debtors			504		7,147
				504		32,900


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			22,238		24,909
	Obligations under finance lease and hire purchase contracts			6,162		8,209
	Trade creditors			25,647		25,647
	Taxation and social security costs			2,559		2,559
	Other creditors			129,055		143,747
				185,661		205,071


7	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			21,807		23,459


8	Other information

	A J Steel Works Ltd is a private company limited by shares and incorporated in England. Its registered office is: