Intermar Steel Limited 08624717 true 2023-07-31 2024-07-30 2024-07-30 The principal activity of the company is to act as an agent in the sale of steel. Digita Accounts Production Advanced 6.30.9574.0 true R A Lake 08624717 2023-07-31 2024-07-30 08624717 2024-07-30 08624717 core:RetainedEarningsAccumulatedLosses 2024-07-30 08624717 core:ShareCapital 2024-07-30 08624717 core:CurrentFinancialInstruments 2024-07-30 08624717 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-30 08624717 core:CurrentFinancialInstruments core:WithinOneYear 2 2024-07-30 08624717 core:FurnitureFittingsToolsEquipment 2024-07-30 08624717 bus:FRS102 2023-07-31 2024-07-30 08624717 bus:AuditExempt-NoAccountantsReport 2023-07-31 2024-07-30 08624717 bus:FullAccounts 2023-07-31 2024-07-30 08624717 bus:RegisteredOffice 2023-07-31 2024-07-30 08624717 bus:Director1 2023-07-31 2024-07-30 08624717 bus:EntityNoLongerTradingButTradedInPast 2023-07-31 2024-07-30 08624717 bus:Consolidated 2023-07-31 2024-07-30 08624717 bus:PrivateLimitedCompanyLtd 2023-07-31 2024-07-30 08624717 core:FurnitureFittingsToolsEquipment 2023-07-31 2024-07-30 08624717 countries:AllCountries 2023-07-31 2024-07-30 08624717 2023-07-30 08624717 core:FurnitureFittingsToolsEquipment 2023-07-30 08624717 2023-07-30 08624717 core:RetainedEarningsAccumulatedLosses 2023-07-30 08624717 core:ShareCapital 2023-07-30 08624717 core:CurrentFinancialInstruments 2023-07-30 08624717 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-30 08624717 core:CurrentFinancialInstruments core:WithinOneYear 2 2023-07-30 iso4217:GBP

Registration number: 08624717

Intermar Steel Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 July 2024

 

Intermar Steel Limited

(Registration number: 08624717)
Balance Sheet as at 30 July 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

-

3,379

Cash at bank and in hand

 

-

29,792

 

-

33,171

Creditors: Amounts falling due within one year

5

(414)

(31,085)

Net (liabilities)/assets

 

(414)

2,086

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(415)

2,085

Shareholders' (deficit)/funds

 

(414)

2,086

For the financial year ending 30 July 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 24 April 2025
 

.........................................
R A Lake
Director

 

Intermar Steel Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales. The company's registration number is 08624717.

The address of its registered office is:
C/o Bissell & Brown
Charter House
56 High Street
Sutton Coldfield
West Midlands
B72 1UJ
United Kingdom

The principal place of business is:
c/o The Garden House
Leigh Road West
Bradford on Avon
Wiltshire
BA15 2RB

These financial statements were authorised for issue by the director on 24 April 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Intermar Steel Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 July 2024 (continued)

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

33% straight line

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 31 July 2023

1,800

1,800

At 30 July 2024

1,800

1,800

Depreciation

At 31 July 2023

1,800

1,800

At 30 July 2024

1,800

1,800

Carrying amount

At 30 July 2024

-

-

 

Intermar Steel Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 July 2024 (continued)

4

Debtors

Current

Note

2024
£

2023
£

Income tax asset

-

3,379

   

-

3,379

5

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

414

28,445

Accruals

 

-

1,940

Corporation tax liability

-

700

 

414

31,085

6

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

414

28,445