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REGISTERED NUMBER: 03543846 (England and Wales)














Abbreviated Unaudited Accounts

For The Year Ended 30 June 2015

for

Steelco Limited

Steelco Limited (Registered number: 03543846)






Contents of the Abbreviated Accounts
For The Year Ended 30 June 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Steelco Limited

Company Information
For The Year Ended 30 June 2015







DIRECTORS: P R Gunnett
R T Gunnett
K Tregloan





SECRETARY: R T Gunnett





REGISTERED OFFICE: Sandy Hill Farm
Lamport Road
Rothwell
Northamptonshire
NN14 1LW





REGISTERED NUMBER: 03543846 (England and Wales)





ACCOUNTANTS: Cottons Accountants LLP
Regency House
3 Albion Place
Northampton
Northants
NN1 1UD

Steelco Limited (Registered number: 03543846)

Abbreviated Balance Sheet
30 June 2015

30/6/15 30/6/14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 31,750 48,035

CURRENT ASSETS
Stocks 272,262 160,162
Debtors 401,752 277,102
Cash at bank and in hand 102,716 45,217
776,730 482,481
CREDITORS
Amounts falling due within one year 3 442,116 453,964
NET CURRENT ASSETS 334,614 28,517
TOTAL ASSETS LESS CURRENT
LIABILITIES

366,364

76,552

CREDITORS
Amounts falling due after more than one year (227,430 ) (12,454 )

PROVISIONS FOR LIABILITIES (6,047 ) (6,405 )
NET ASSETS 132,887 57,693

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 132,787 57,593
SHAREHOLDERS' FUNDS 132,887 57,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Steelco Limited (Registered number: 03543846)

Abbreviated Balance Sheet - continued
30 June 2015


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 15 January 2016 and were signed on its behalf by:





P R Gunnett - Director


Steelco Limited (Registered number: 03543846)

Notes to the Abbreviated Accounts
For The Year Ended 30 June 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial
Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and equipment - 25% on cost
Motor vehicles - 25% on cost

Stocks
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 balance sheet
date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under
hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated
over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital
element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of
the lease.

Steelco Limited (Registered number: 03543846)

Notes to the Abbreviated Accounts - continued
For The Year Ended 30 June 2015

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2014 95,926
Additions 19,124
Disposals (39,055 )
At 30 June 2015 75,995
DEPRECIATION
At 1 July 2014 47,891
Charge for year 20,695
Eliminated on disposal (24,341 )
At 30 June 2015 44,245
NET BOOK VALUE
At 30 June 2015 31,750
At 30 June 2014 48,035

3. CREDITORS

Creditors include an amount of £ 106,480 (30/6/14 - £ 41,075 ) for which security has been given.

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/15 30/6/14
value: £    £   
100 Ordinary £1 100 100