REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 31 March 2020 |
|
for |
|
EUROPEAN STRUCTURAL STEELS |
& REINFORCEMENTS LIMITED |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 31 March 2020 |
|
for |
|
EUROPEAN STRUCTURAL STEELS |
& REINFORCEMENTS LIMITED |
EUROPEAN STRUCTURAL STEELS |
& REINFORCEMENTS LIMITED (REGISTERED NUMBER: 03338865) |
|
Contents of the Financial Statements |
for the year ended 31 March 2020 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Statement of Financial Position | 2 |
|
Notes to the Financial Statements | 3 |
|
EUROPEAN STRUCTURAL STEELS |
& REINFORCEMENTS LIMITED |
|
Company Information |
for the year ended 31 March 2020 |
|
|
|
|
|
|
|
Director: |
|
|
|
|
|
|
Secretary: |
|
|
|
|
|
|
Registered office: |
|
|
|
|
|
|
|
|
|
|
Registered number: |
|
|
|
|
|
|
Accountants: |
|
Chartered Accountants |
Coopers House |
65a Wingletye Lane |
Hornchurch |
Essex |
RM11 3AT |
EUROPEAN STRUCTURAL STEELS |
& REINFORCEMENTS LIMITED (REGISTERED NUMBER: 03338865) |
|
Statement of Financial Position |
31 March 2020 |
|
2020 | 2019 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
|
|
|
Current assets |
Debtors | 5 |
|
|
Cash at bank |
|
|
|
|
Creditors |
Amounts falling due within one year | 6 |
|
|
Net current assets |
|
|
Total assets less current liabilities |
|
|
|
Capital and reserves |
Called up share capital | 7 |
|
|
Retained earnings |
|
|
Shareholders' funds |
|
|
|
|
|
|
|
The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps 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 Sections 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 Statement of Income and Retained Earnings has not been delivered. |
|
The financial statements were approved and authorised for issue by the director and authorised for issue on
|
|
|
|
|
|
|
|
EUROPEAN STRUCTURAL STEELS |
& REINFORCEMENTS LIMITED (REGISTERED NUMBER: 03338865) |
|
Notes to the Financial Statements |
for the year ended 31 March 2020 |
|
|
1. | Statutory information |
|
European Structural Steels & Reinforcements Limited is a
|
England and Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | Accounting policies |
|
Basis of preparing the financial statements |
|
|
Key source of estimation, uncertainty and judgement |
The preparation of financial statements in conformity with generally accepted accounting practice requires |
management to make estimates and judgement that affect the reported amounts of assets and liabilities as well |
as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of |
revenues and expenses during the reporting period. |
|
There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is |
carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are |
as accurate as possible, there remains a risk that the provisions do not match the level of debts which |
ultimately prove to be uncollectable. |
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
|
Tangible fixed assets |
|
Computer equipment | - |
|
|
Financial instruments |
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a |
party to the contractual provisions of the instrument. |
|
Trade and other debtors and creditors are classified as basic financial instruments and measured at initial |
recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the |
effective interest rate method. A provision is established when there is objective evidence that the company will |
not be able to collect all amounts due. |
|
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank |
and bank overdrafts. |
|
Financial liabilities and equity instruments issued by the company are classified in accordance with the |
substance of the contractual arrangements entered into and the definitions of a financial liability and an equity |
instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company |
after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds |
received, net of direct issue costs. |
|
EUROPEAN STRUCTURAL STEELS |
& REINFORCEMENTS LIMITED (REGISTERED NUMBER: 03338865) |
|
Notes to the Financial Statements - continued |
for the year ended 31 March 2020 |
|
|
2. | Accounting policies - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and |
Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or |
directly in equity. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the statement of financial position date. |
|
3. | Employees and directors |
|
The average number of employees during the year was
|
|
4. | Tangible fixed assets |
Computer |
equipment |
£ |
Cost |
Additions |
|
At 31 March 2020 |
|
Depreciation |
Charge for year |
|
At 31 March 2020 |
|
Net book value |
At 31 March 2020 |
|
|
5. | Debtors |
2020 | 2019 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
Amounts falling due after more than one year: |
Other debtors |
|
|
|
Aggregate amounts |
|
|
|
6. | Creditors: amounts falling due within one year |
2020 | 2019 |
£ | £ |
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
EUROPEAN STRUCTURAL STEELS |
& REINFORCEMENTS LIMITED (REGISTERED NUMBER: 03338865) |
|
Notes to the Financial Statements - continued |
for the year ended 31 March 2020 |
|
|
7. | Called up share capital |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | £ | £ |
|
Ordinary £1 shares | 1 | 100 | 100 |
|
8. | Director's advances, credits and guarantees |
|
The following advances and credits to a director subsisted during the years ended 31 March 2020 and |
31 March 2019: |
|
2020 | 2019 |
£ | £ |
|
Balance outstanding at start of year |
|
|
Amounts advanced |
|
|
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
|
|