Company Registration No. 10569225 (England and Wales)
A J Steel Works Ltd
Unaudited accounts
for the year ended 31 January 2020
A J Steel Works Ltd
Unaudited accounts
Contents
A J Steel Works Ltd
Company Information
for the year ended 31 January 2020
Company Number
10569225 (England and Wales)
Registered Office
12A RIPPLESIDE COMMERCIAL ESTATE, RIPPLE
BARKING
IG11 0RJ
ENGLAND
Accountants
Rustrick Accountants Limited
3 Greystones Road
Bearsted
Maidstone
Kent
ME15 8PD
A J Steel Works Ltd
Statement of financial position
as at
31 January 2020
Intangible assets
150,000
150,000
Tangible assets
15,360
19,200
Inventories
47,333
29,350
Cash at bank and in hand
680
2,593
Creditors: amounts falling due within one year
(252,485)
(266,618)
Net current liabilities
(164,148)
(187,314)
Net assets/(liabilities)
1,212
(18,114)
Called up share capital
1
1
Profit and loss account
1,211
(18,115)
Shareholders' funds
1,212
(18,114)
For the year ending 31 January 2020 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.
The financial statements were approved by the Board and authorised for issue on 4 September 2020 and were signed on its behalf by
Mr A S Jandoo
Director
Company Registration No. 10569225
A J Steel Works Ltd
Notes to the Accounts
for the year ended 31 January 2020
A J Steel Works Ltd is a private company, limited by shares, registered in England and Wales, registration number 10569225. The registered office is 12A RIPPLESIDE COMMERCIAL ESTATE, RIPPLE, BARKING, IG11 0RJ, 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.
These financial statements for the year ended 31 January 2020 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2018.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Motor vehicles
Reducing Balance basis 20%
Fixtures & fittings
Reducing Balance Basis 20%
4
Intangible fixed assets
Goodwill
At 1 February 2019
150,000
At 31 January 2020
150,000
At 31 January 2020
150,000
At 31 January 2019
150,000
A J Steel Works Ltd
Notes to the Accounts
for the year ended 31 January 2020
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2019
3,500
26,500
30,000
At 31 January 2020
3,500
26,500
30,000
At 1 February 2019
1,260
9,540
10,800
Charge for the year
448
3,392
3,840
At 31 January 2020
1,708
12,932
14,640
At 31 January 2020
1,792
13,568
15,360
At 31 January 2019
2,240
16,960
19,200
Raw materials
15,000
15,000
Work in progress
32,333
14,350
Trade debtors
37,124
44,811
Accrued income and prepayments
3,200
-
8
Creditors: amounts falling due within one year
2020
2019
Trade creditors
22,047
28,015
Taxes and social security
15,185
8
Other creditors
120,842
120,755
Loans from directors
93,211
116,990
9
Average number of employees
During the year the average number of employees was 4 (2019: 5).