Total Steel Solutions Limited 04760600 false 2024-08-01 2025-03-31 2025-03-31 The principal activity of the company is that of a holding company Digita Accounts Production Advanced 6.30.9574.0 true false 04760600 2024-08-01 2025-03-31 04760600 2025-03-31 04760600 bus:OrdinaryShareClass1 2025-03-31 04760600 core:RetainedEarningsAccumulatedLosses 2025-03-31 04760600 core:ShareCapital 2025-03-31 04760600 core:CurrentFinancialInstruments 2025-03-31 04760600 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 04760600 core:PatentsTrademarksLicencesConcessionsSimilar 2025-03-31 04760600 core:CostValuation 2025-03-31 04760600 bus:SmallEntities 2024-08-01 2025-03-31 04760600 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-03-31 04760600 bus:FilletedAccounts 2024-08-01 2025-03-31 04760600 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-03-31 04760600 bus:RegisteredOffice 2024-08-01 2025-03-31 04760600 bus:Director2 2024-08-01 2025-03-31 04760600 bus:OrdinaryShareClass1 2024-08-01 2025-03-31 04760600 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-03-31 04760600 core:PatentsTrademarksLicencesConcessionsSimilar 2024-08-01 2025-03-31 04760600 1 2024-08-01 2025-03-31 04760600 countries:England 2024-08-01 2025-03-31 04760600 2024-07-31 04760600 core:PatentsTrademarksLicencesConcessionsSimilar 2024-07-31 04760600 core:CostValuation 2024-07-31 04760600 2023-08-01 2024-07-31 04760600 2024-07-31 04760600 bus:OrdinaryShareClass1 2024-07-31 04760600 core:RetainedEarningsAccumulatedLosses 2024-07-31 04760600 core:ShareCapital 2024-07-31 04760600 core:CurrentFinancialInstruments 2024-07-31 04760600 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 04760600 core:PatentsTrademarksLicencesConcessionsSimilar 2024-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04760600

Total Steel Solutions Limited

Filleted Unaudited Financial Statements

for the Period from 1 August 2024 to 31 March 2025

 

Total Steel Solutions Limited

(Registration number: 04760600)
Balance Sheet as at 31 March 2025

Note

31 March
2025
£

31 July
2024
£

Fixed assets

 

Intangible assets

4

34

94

Investments

5

14,216

14,216

 

14,250

14,310

Current assets

 

Debtors

6

-

5,685

Cash at bank and in hand

 

5

70

 

5

5,755

Creditors: Amounts falling due within one year

7

(12,410)

(21,076)

Net current liabilities

 

(12,405)

(15,321)

Net assets/(liabilities)

 

1,845

(1,011)

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

1,843

(1,013)

Shareholders' funds/(deficit)

 

1,845

(1,011)

 

Total Steel Solutions Limited

(Registration number: 04760600)
Balance Sheet as at 31 March 2025

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 May 2025 and signed on its behalf by:
 


Mrs K A Eddy
Director

   
 

Total Steel Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
50-54 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PQ

Registration number: 04760600

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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.

Group accounts not prepared

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements on the grounds that is a small sized group.

Disclosure of long or short period

The accounts are prepared for the eight month period ended 31 March 2025 and as such are not comparable. The period end date was changed to meet that of a related party.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Total Steel Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 March 2025

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Patents

over 10 years

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period was 2 (2024 - 2).

 

Total Steel Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 March 2025

4

Intangible assets

Patents
 £

Total
£

Cost or valuation

At 1 August 2024

904

904

At 31 March 2025

904

904

Amortisation

At 1 August 2024

810

810

Amortisation charge

60

60

At 31 March 2025

870

870

Carrying amount

At 31 March 2025

34

34

At 31 July 2024

94

94

5

Investments

31 March
2025
£

31 July
2024
£

Investments in subsidiaries

14,183

14,183

Investments in joint ventures

33

33

14,216

14,216

Subsidiaries

£

Cost or valuation

At 1 August 2024

14,183

At 31 March 2025

14,183

Carrying amount

At 31 March 2025

14,183

At 31 July 2024

14,183

Joint ventures

£

Cost

At 1 August 2024

33

At 31 March 2025

33

Carrying amount

At 31 March 2025

33

At 31 July 2024

33

 

Total Steel Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 March 2025

6

Debtors

Current

Note

31 March
2025
£

31 July
2024
£

Amounts owed by related parties

10

-

5,685

   

-

5,685

7

Creditors

Note

31 March
2025
£

31 July
2024
£

Due within one year

 

Loans and borrowings

9

724

6,881

Amounts due to related parties

10

11,233

13,743

Other payables

 

453

452

 

12,410

21,076

8

Share capital

Allotted, called up and fully paid shares

31 March
2025

31 July
2024

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

9

Loans and borrowings

Current loans and borrowings

31 March
2025
£

31 July
2024
£

Other borrowings

724

6,881

 

Total Steel Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 March 2025

10

Related party transactions

Transactions with directors:
There are no outstanding balances with the directors at 31 March 2025. (31 July 2024 - £5,685 owed from the directors). No interest is being charged on this balance.

Transactions with subsidiaries:
The company has received a loan from its subsidiary company totalling £11,233 (31 July 2024 - £13,743) which is not repayable within the next 12 months. No interest is being charged on this balance.