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RANGE STEEL STOCKHOLDERS LTD - Company Information

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RANGE STEEL STOCKHOLDERS LIMITED

Registered Number:01302744

For the year ended 31 August 2021

England and Wales

Unaudited Financial Statements

For the year ended 31 August 2021

RANGE STEEL STOCKHOLDERS LIMITED

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

01302744

As at 31 August 2021

RANGE STEEL STOCKHOLDERS LIMITED

Statement of Financial Position

2020

2021

Notes

Fixed assets

Property, plant and equipment

7,228

9,638

7,228

9,638

Current assets

Inventories

108,753

121,382

Trade and other receivables

89,114

170,042

121,075

Cash and cash equivalents

90,267

381,691

318,942

Trade and other payables: amounts falling due within one

year

(57,960)

(125,925)

260,982

255,766

Net current assets

Total assets less current liabilities

262,994

270,620

Trade and other payables: amounts falling due after more

than one year

(50,000)

(36,758)

226,236

Net assets

220,620

Capital and reserves

Called up share capital

100

Retained earnings

226,136

220,520

226,236

220,620

Shareholders' funds

For the year ended 31 August 2021 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 of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of

each financial year and of its profit or loss for each financial year in accordance with the requirements of Section

394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial

statements, so far as applicable to the company.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Norman Barnes Director

These financial statements were approved and authorised for issue by the Board on 07 October 2021 and were signed by:

The notes form part of these financial statements

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For the year ended 31 August 2021

RANGE STEEL STOCKHOLDERS LIMITED

Notes to the Financial Statements

Statutory Information

RANGE STEEL STOCKHOLDERS LIMITED is a private limited company, limited by shares, domiciled in England and

Wales, registration number 01302744.

Registered address:

Unit 8 Duddeston Mill Trading Estate

Duddeston Mill Road

Saltley

Birmingham

B8 1AP

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation . Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and buildings

Period of Lease Straight line

Plant and machinery

25% Reducing balance

Computer equipment

25% Reducing balance

Motor vehicles

25% Reducing balance

Fixtures and fittings

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.

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For the year ended 31 August 2021

RANGE STEEL STOCKHOLDERS LIMITED

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Computer

equipment

Fixtures and

fittings

Motor vehicles

Plant and

machinery

Land and

buildings

Cost or

valuation

At 01 September

2020

421,924

134,561

57,380

27,119

182,179

20,685

At 31 August

2021

20,685

27,119

57,380

134,561

421,924

182,179

Provision for depreciation and impairment

At 01 September

2020

412,286

132,787

54,953

23,951

179,910

20,685

Charge for year

2,410

444

607

792

567

At 31 August

2021

414,696

133,231

55,560

24,743

180,477

20,685

At 31 August

2021

Net book value

1,702

2,376

1,820

1,330

7,228

2,269

3,168

2,427

1,774

9,638

At 31 August

2020

3. Inventories

2020

2021

Stocks

121,382

108,753

4. Trade and other receivables

2020

2021

Trade debtors

153,563

70,473

Prepayments and accrued income

13,503

17,454

Taxation and social security

1,187

Other debtors

2,976

89,114

170,042

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For the year ended 31 August 2021

RANGE STEEL STOCKHOLDERS LIMITED

Notes to the Financial Statements Continued

5. Trade and other payables: amounts falling due within one year

2020

2021

Bank loans and overdraft

10,648

Trade creditors

101,426

50,058

Taxation and social security

10,808

5,761

Accruals and deferred income

2,053

1,770

Other creditors

990

371

125,925

57,960

6. Trade and other payables: amounts falling due after more than one year

2020

2021

Bank loans and overdraft

36,758

50,000

7. Related party transactions

The ultimate controlling party during the year was NRP Barnes , director , whom controls the company by virtue of

owning 25% of the share capital.

8. Average number of persons employed

During the year the average number of employees was 8 (2020 : 8)

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