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
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
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
Southcoast Steel Erecting Ltd
Statement of financial position
as at 31 March 2025
Intangible assets
4,400
8,800
Tangible assets
16,358
20,687
Cash at bank and in hand
8,118
21,435
Creditors: amounts falling due within one year
(27,638)
(55,583)
Net current assets
46,113
48,710
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
Southcoast Steel Erecting Ltd
Notes to the Accounts
for the year ended 31 March 2025
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.
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 (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
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Southcoast Steel Erecting Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
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
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
At 31 March 2025
2,309
13,495
554
16,358
At 31 March 2024
3,079
16,869
739
20,687
Amounts falling due within one year
Other debtors
65,633
82,858
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
26,339
38,741
Loans from directors
-
9,484
Southcoast Steel Erecting Ltd
Notes to the Accounts
for the year ended 31 March 2025
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Current Account
(7,527)
(43,044)
(50,571)
-
Director Current Account
(1,958)
(43,044)
(45,002)
-
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).