24 HRS STEEL LTD

24 HRS STEEL LTD

24 HRS STEEL LTD - Company Information

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Company Registration No. 10560235 (England and Wales)
24 HRS STEEL LTD Unaudited accounts for the year ended 31 January 2019
24 HRS STEEL LTD Unaudited accounts Contents
Page
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24 HRS STEEL LTD Company Information for the year ended 31 January 2019
Director
Marianna Casani
Company Number
10560235 (England and Wales)
Registered Office
UNIT 87 HEAVER TRADING ESTATE INDUSTRIAL ESTATE, ASH ROAD SEVENOAKS TN15 7HJ ENGLAND
Accountants
Major's Accounts & Co Ltd 118 Sydenham Road Sydenham London SE26 5JX
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of 24 HRS STEEL LTD for the year ended 31 January 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 24 HRS STEEL LTD for the year ended 31 January 2019 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html
This report is made solely to the Board of Directors of 24 HRS STEEL LTD, as a body, in accordance with the terms of our engagement letter dated 11 January 2017. Our work has been undertaken solely to prepare for your approval the accounts of 24 HRS STEEL LTD and state those matters that we have agreed to state to the Board of Directors of 24 HRS STEEL LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 24 HRS STEEL LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that 24 HRS STEEL LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of 24 HRS STEEL LTD. You consider that 24 HRS STEEL LTD 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 accounts of 24 HRS STEEL LTD. 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 accounts.
Major's Accounts & Co Ltd Chartered Certified Accountants 118 Sydenham Road Sydenham London SE26 5JX 14 February 2020
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24 HRS STEEL LTD Statement of financial position as at 31 January 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
66,865 
2,132 
Current assets
Inventories
5
56,875 
24,000 
Debtors
6
37,040 
8,451 
Cash at bank and in hand
9,648 
5,069 
103,563 
37,520 
Creditors: amounts falling due within one year
7
(142,707)
(39,628)
Net current liabilities
(39,144)
(2,108)
Total assets less current liabilities
27,721 
24 
Creditors: amounts falling due after more than one year
8
(24,771)
- 
Net assets
2,950 
24 
Capital and reserves
Called up share capital
9
3 
1 
Profit and loss account
2,947 
23 
Shareholders' funds
2,950 
24 
For the year ending 31 January 2019 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 14 February 2020.
Marianna Casani Director Company Registration No. 10560235
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24 HRS STEEL LTD Notes to the Accounts for the year ended 31 January 2019
1
Statutory information
24 HRS STEEL LTD is a private company, limited by shares, registered in England and Wales, registration number 10560235. The registered office is UNIT 87 HEAVER TRADING ESTATE, INDUSTRIAL ESTATE, ASH ROAD, SEVENOAKS, TN15 7HJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% Reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2018
2,600 
Additions
79,411 
At 31 January 2019
82,011 
Depreciation
At 1 February 2018
468 
Charge for the year
14,678 
At 31 January 2019
15,146 
Net book value
At 31 January 2019
66,865 
At 31 January 2018
2,132 
5
Inventories
2019 
2018 
£ 
£ 
Work in progress
56,875 
24,000 
56,875 
24,000 
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24 HRS STEEL LTD Notes to the Accounts for the year ended 31 January 2019
6
Debtors
2019 
2018 
£ 
£ 
Trade debtors
34,967 
- 
Other debtors
2,073 
8,451 
37,040 
8,451 
7
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Obligations under finance leases and hire purchase contracts
9,342 
- 
Trade creditors
21,334 
487 
Taxes and social security
110,272 
39,141 
Loans from directors
1,759 
- 
142,707 
39,628 
8
Creditors: amounts falling due after more than one year
2019 
2018 
£ 
£ 
Obligations under finance leases and hire purchase contracts
24,771 
- 
9
Share capital
2019 
2018 
£ 
£ 
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3 
1 
Shares issued during the period:
2 Ordinary shares of £1 each
2 
10
Average number of employees
During the year the average number of employees was 5 (2018: 3).
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