Company Registration Number 10175907 (England and Wales)
MANCHESTER STEEL SUPPLIES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
MANCHESTER STEEL SUPPLIES LTD
BALANCE SHEET
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
1
102,906
81,959
Current assets
Stocks
20,500
16,100
Debtors
2
69,866
72,926
Cash at bank and in hand
16,222
20,842
106,588
109,868
Creditors: amounts falling due within one year
3
(58,449)
(61,941)
Net current assets
48,139
47,927
Total assets less current liabilities
151,045
129,886
Creditors: amounts falling due after more than one year
4
(22,667)
(32,508)
Net assets
128,378
97,378
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
128,278
97,278
Total equity
128,378
97,378
Notes to the financial statements
1
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
(e) truethe company has relied on the specified exemption relating to the preparation of abridged financial statements contained in section 352 Companies Act 2014; the company has done so on the grounds that it is entitled to the benefit of that exemption as a small company; and the abridged financial statements have been properly prepared in accordance with section 353 Companies Act 2014.
For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
MANCHESTER STEEL SUPPLIES LTD
BALANCE SHEET (CONTINUED)
- 2 -
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 27 October 2024 and are signed on its behalf by:
Mr Kenny Reeves
Director
Company Registration No. 10175907
MANCHESTER STEEL SUPPLIES LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024
31 May 2024
- 3 -
1
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 June 2023
54,212
23,465
4,708
28,740
111,125
Additions
17,220
33,190
50,410
At 31 May 2024
71,432
23,465
4,708
61,930
161,535
Depreciation and impairment
At 1 June 2023
17,133
5,247
2,861
14,450
39,691
Depreciation charged in the year
5,430
3,643
369
9,496
18,938
At 31 May 2024
22,563
8,890
3,230
23,946
58,629
Carrying amount
At 31 May 2024
48,869
14,575
1,478
37,984
102,906
At 31 May 2023
47,604
18,218
1,847
14,290
81,959
2
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
29,866
4,060
Other debtors
40,000
68,866
69,866
72,926
3
Creditors: amounts falling due within one year
2024
2023
Notes
£
£
Other borrowings
4,885
15,408
Trade creditors
14,246
18,210
Corporation tax
9,356
1,764
Other taxation and social security
22,812
16,309
Accruals and deferred income
7,150
10,250
58,449
61,941
4
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans and overdrafts
22,667
32,508