Effingham Steel Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00948812

Effingham Steel Services Limited

Filleted Unaudited Financial Statements

28 February 2025

Effingham Steel Services Limited

Financial Statements

Year ended 28 February 2025

Contents	Pages

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2 to 3

Notes to the financial statements	4 to 8

Effingham Steel Services Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Effingham Steel Services Limited

Year ended 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Effingham Steel Services Limited for the year ended 28 February 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Effingham Steel Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Effingham Steel Services Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Effingham Steel Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Effingham Steel Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Effingham Steel Services Limited. You consider that Effingham Steel Services Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Effingham Steel Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HEBBLETHWAITES Chartered Accountants

2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

21 November 2025

Effingham Steel Services Limited

Statement of Financial Position

28 February 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	835,934	840,654
Investments	6	1,099	34,260
		---------	---------
		837,033	874,914

Current assets

Stocks		100,553	28,415
Debtors	7	444,945	415,734
Cash at bank and in hand		128,625	67,229
		---------	---------
		674,123	511,378

Creditors: amounts falling due within one year	8	385,387	247,147
		---------	---------
Net current assets		288,736	264,231
		------------	------------
Total assets less current liabilities		1,125,769	1,139,145

Creditors: amounts falling due after more than one year	9	7,500	17,500

Provisions

Taxation including deferred tax	85,320	85,725
	------------	------------
Net assets	1,032,949	1,035,920
	------------	------------

Effingham Steel Services Limited

Statement of Financial Position (continued)

28 February 2025

	2025	2024
Note	£	£

Capital and reserves

Called up share capital	48	48
Fair value reserve	–	8,676
Capital redemption reserve	952	952
Profit and loss account	1,031,949	1,026,244
	------------	------------
Shareholders funds	1,032,949	1,035,920
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 20 November 2025 , and are signed on behalf of the board by:

Mrs G A Bowler	Mr B R Howard
Director	Director

Company registration number: 00948812

Effingham Steel Services Limited

Notes to the Financial Statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Butterthwaite Lane, Ecclesfield, Sheffield, S35 9WA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Plant and machinery	-	15% reducing balance
Fixture and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance

	Equipment	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 13 (2024: 13 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Mar 2024	715,799	735,190	10,132	208,001	9,266	1,678,388
Additions	–	56,991	–	31,217	372	88,580
Disposals	–	( 10,601)	–	( 14,867)	–	( 25,468)
	---------	---------	--------	---------	-------	------------
At 28 Feb 2025	715,799	781,580	10,132	224,351	9,638	1,741,500
	---------	---------	--------	---------	-------	------------
Depreciation
At 1 Mar 2024	212,355	530,975	6,292	80,954	7,158	837,734
Charge for the year	14,316	35,571	576	36,028	1,145	87,636
Disposals	–	( 10,087)	–	( 9,717)	–	( 19,804)
	---------	---------	--------	---------	-------	------------
At 28 Feb 2025	226,671	556,459	6,868	107,265	8,303	905,566
	---------	---------	--------	---------	-------	------------
Carrying amount
At 28 Feb 2025	489,128	225,121	3,264	117,086	1,335	835,934
	---------	---------	--------	---------	-------	------------
At 29 Feb 2024	503,444	204,215	3,840	127,047	2,108	840,654
	---------	---------	--------	---------	-------	------------

6. Investments

	Other investments other than loans
	£
Cost
At 1 March 2024	34,260
Disposals	( 33,161)
	--------
At 28 February 2025	1,099
	--------
Impairment
At 1 March 2024 and 28 February 2025	–
	--------

Carrying amount
At 28 February 2025	1,099
	--------
At 29 February 2024	34,260
	--------

The fair value of the investment at the year end date is £1,099 (2024: £34,260). The majority of the investment was cashed in during the year, with the remaining balance being funds temporarily suspended.

7. Debtors

	2025	2024
	£	£
Trade debtors	423,435	381,810
Other debtors	21,510	33,924
	---------	---------
	444,945	415,734
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	83,247	47,194
Corporation tax	127,220	75,669
Social security and other taxes	81,860	66,346
Other creditors	83,060	47,938
	---------	---------
	385,387	247,147
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	7,500	17,500
	-------	--------

The balance falling due after 5 years relates to a bounce back loan, which is subject to interest at a rate of 2.5%.

10. Operating leases

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

	2025	2024
	£	£
Not later than 1 year	4,990	4,990
Later than 1 year and not later than 5 years	3,743	8,733
	-------	--------
	8,733	13,723
	-------	--------