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Company Registration No. 13265981 (England and Wales)
Southcoast Steel Erecting Ltd Unaudited accounts for the year ended 31 March 2025
Southcoast Steel Erecting Ltd Unaudited accounts Contents
Page
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Southcoast Steel Erecting Ltd Company Information for the year ended 31 March 2025
Directors
Michael Stewart Nutland Christopher Walker
Company Number
13265981 (England and Wales)
Registered Office
55 Binsteed Road Portsmouth PO2 7PJ England
Accountants
Taxsense 203 West Street Fareham Hants PO16 0EN
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Southcoast Steel Erecting Ltd Accountants' report
Accountants' report to the board of directors of Southcoast Steel Erecting Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Southcoast Steel Erecting Ltd for the year ended 31 March 2025 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Southcoast Steel Erecting Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Southcoast Steel Erecting Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Southcoast Steel Erecting Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Southcoast Steel Erecting Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Southcoast Steel Erecting Ltd. You consider that Southcoast Steel Erecting Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Southcoast Steel Erecting Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Taxsense 203 West Street Fareham Hants PO16 0EN 19 May 2025
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Southcoast Steel Erecting Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
4,400 
8,800 
Tangible assets
16,358 
20,687 
20,758 
29,487 
Current assets
Debtors
65,633 
82,858 
Cash at bank and in hand
8,118 
21,435 
73,751 
104,293 
Creditors: amounts falling due within one year
(27,638)
(55,583)
Net current assets
46,113 
48,710 
Net assets
66,871 
78,197 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
66,869 
78,195 
Shareholders' funds
66,871 
78,197 
For the year ending 31 March 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by
Michael Stewart Nutland Director Company Registration No. 13265981
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Southcoast Steel Erecting Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Southcoast Steel Erecting Ltd is a private company, limited by shares, registered in England and Wales, registration number 13265981. The registered office is 55 Binsteed Road, Portsmouth, PO2 7PJ, 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. 20% SLM
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
25% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
25% reducing balance
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Southcoast Steel Erecting Ltd Notes to the Accounts for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2024
22,000 
At 31 March 2025
22,000 
Amortisation
At 1 April 2024
13,200 
Charge for the year
4,400 
At 31 March 2025
17,600 
Net book value
At 31 March 2025
4,400 
At 31 March 2024
8,800 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2024
7,300 
29,166 
1,715 
38,181 
At 31 March 2025
7,300 
29,166 
1,715 
38,181 
Depreciation
At 1 April 2024
4,221 
12,297 
976 
17,494 
Charge for the year
770 
3,374 
185 
4,329 
At 31 March 2025
4,991 
15,671 
1,161 
21,823 
Net book value
At 31 March 2025
2,309 
13,495 
554 
16,358 
At 31 March 2024
3,079 
16,869 
739 
20,687 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Other debtors
65,633 
82,858 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
(711)
4,984 
Taxes and social security
26,339 
38,741 
Loans from directors
- 
9,484 
Accruals
2,010 
2,374 
27,638 
55,583 
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Southcoast Steel Erecting Ltd Notes to the Accounts for the year ended 31 March 2025
8
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Michael Stewart Nutland
Director Current Account
(7,527)
(43,044)
(50,571)
- 
Christopher Walker
Director Current Account
(1,958)
(43,044)
(45,002)
- 
(9,485)
(86,088)
(95,573)
- 
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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