FOUNDRY STEELS LTD.

Company Registration Number:
SC281901 (Scotland)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

FOUNDRY STEELS LTD.

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

FOUNDRY STEELS LTD.

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 742,339 842,226
Total fixed assets: 742,339 842,226
Current assets
Stocks: 57,380 62,230
Debtors:   300,832 293,003
Cash at bank and in hand: 418,950 234,706
Investments:   6,500
Total current assets: 783,662 589,939
Creditors: amounts falling due within one year:   (366,582) (243,779)
Net current assets (liabilities): 417,080 346,160
Total assets less current liabilities: 1,159,419 1,188,386
Creditors: amounts falling due after more than one year:   (20,584) (76,009)
Provision for liabilities: (137,480) (142,191)
Total net assets (liabilities): 1,001,355 970,186
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 1,000,355 969,186
Shareholders funds: 1,001,355 970,186

The notes form part of these financial statements

FOUNDRY STEELS LTD.

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 November 2024
and signed on behalf of the board by:

Name: Walter Dick Morton
Status: Director

The notes form part of these financial statements

FOUNDRY STEELS LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FOUNDRY STEELS LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 15 15

FOUNDRY STEELS LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 1,901,530
Additions 61,142
Disposals (17,977)
At 31 March 2024 1,944,695
Depreciation
At 01 April 2023 1,059,304
Charge for year 152,592
On disposals (9,540)
At 31 March 2024 1,202,356
Net book value
At 31 March 2024 742,339
At 31 March 2023 842,226