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Company Registration No. 12805268 (England and Wales)
Iron-Mills Ltd Unaudited accounts for the year ended 31 August 2024
Iron-Mills Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Iron-Mills Ltd Company Information for the year ended 31 August 2024
Director
Guy Francis Beardsley
Company Number
12805268 (England and Wales)
Registered Office
25 Drayton Close CHELTENHAM GL51 9QB ENGLAND
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Iron-Mills Ltd Statement of financial position as at 31 August 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
16,663
13,216
Current assets
Inventories
34,002
6,644
Debtors
5
-
3,606
Cash at bank and in hand
54,101
29,158
88,103
39,408
Creditors: amounts falling due within one year
6
(50,006)
(46,425)
Net current assets/(liabilities)
38,097
(7,017)
Net assets
54,760
6,199
Capital and reserves
Profit and loss account
54,760
6,199
Shareholders' funds
54,760
6,199
For the year ending 31 August 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 May 2025 and were signed on its behalf by
Guy Francis Beardsley Director Company Registration No. 12805268
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Iron-Mills Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Iron-Mills Ltd is a private company, limited by shares, registered in England and Wales, registration number 12805268. The registered office is 25 Drayton Close, CHELTENHAM, GL51 9QB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18
Computer equipment
18
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2023
7,466
6,840
92
4,701
19,099
Additions
1,130
1,485
432
4,058
7,105
At 31 August 2024
8,596
8,325
524
8,759
26,204
Depreciation
At 1 September 2023
1,344
2,767
17
1,755
5,883
Charge for the year
1,305
1,001
91
1,261
3,658
At 31 August 2024
2,649
3,768
108
3,016
9,541
Net book value
At 31 August 2024
5,947
4,557
416
5,743
16,663
At 31 August 2023
6,122
4,073
75
2,946
13,216
5
Debtors
2024
2023
£
£
Amounts falling due within one year
VAT
-
3,606
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Iron-Mills Ltd Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
-
254
Loans from directors
50,006
46,171
50,006
46,425
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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