IRIS Accounts Production v25.1.4.42 02089006 Board of Directors Board of Directors 1.2.24 31.1.25 31.1.25 false true false false true false Ordinary 1.00000 A Ordinary 1.00000 B Ordinary 1.00000 C Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh020890062024-01-31020890062025-01-31020890062024-02-012025-01-31020890062023-01-31020890062023-02-012024-01-31020890062024-01-3102089006ns15:EnglandWales2024-02-012025-01-3102089006ns14:PoundSterling2024-02-012025-01-3102089006ns10:Director12024-02-012025-01-3102089006ns10:Director22024-02-012025-01-3102089006ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3102089006ns10:SmallEntities2024-02-012025-01-3102089006ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3102089006ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3102089006ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3102089006ns10:FullAccounts2024-02-012025-01-3102089006ns10:OrdinaryShareClass12024-02-012025-01-3102089006ns10:OrdinaryShareClass22024-02-012025-01-3102089006ns10:OrdinaryShareClass32024-02-012025-01-3102089006ns10:OrdinaryShareClass42024-02-012025-01-3102089006ns10:Director32024-02-012025-01-3102089006ns10:CompanySecretary12024-02-012025-01-3102089006ns10:RegisteredOffice2024-02-012025-01-3102089006ns5:CurrentFinancialInstruments2025-01-3102089006ns5:CurrentFinancialInstruments2024-01-3102089006ns5:Non-currentFinancialInstruments2025-01-3102089006ns5:Non-currentFinancialInstruments2024-01-3102089006ns5:ShareCapital2025-01-3102089006ns5:ShareCapital2024-01-3102089006ns5:RetainedEarningsAccumulatedLosses2025-01-3102089006ns5:RetainedEarningsAccumulatedLosses2024-01-3102089006ns5:PlantMachinery2024-02-012025-01-3102089006ns5:MotorVehicles2024-02-012025-01-3102089006ns5:ComputerEquipment2024-02-012025-01-3102089006ns5:PlantMachinery2024-01-3102089006ns5:PlantMachinery2025-01-3102089006ns5:PlantMachinery2024-01-3102089006ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-01-3102089006ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2025-01-3102089006ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-01-3102089006ns5:CurrentFinancialInstrumentsns5:WithinOneYear2025-01-3102089006ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3102089006ns10:OrdinaryShareClass12025-01-3102089006ns10:OrdinaryShareClass22025-01-3102089006ns10:OrdinaryShareClass32025-01-3102089006ns10:OrdinaryShareClass42025-01-31
REGISTERED NUMBER: 02089006 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

F M STEELSTOCK LIMITED

F M STEELSTOCK LIMITED (REGISTERED NUMBER: 02089006)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F M STEELSTOCK LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2025







DIRECTORS: D Maughan
R W Walker
Mrs B Maughan





SECRETARY: Mrs B Maughan





REGISTERED OFFICE: Newburn Ford House
Newburn Bridge Road
Newcastle
Tyne and Wear
NE15 8NR





REGISTERED NUMBER: 02089006 (England and Wales)





ACCOUNTANTS: Blaeford Gordon & Company Ltd
101 Galgate
Barnard Castle
Co. Durham
DL12 8ES

F M STEELSTOCK LIMITED (REGISTERED NUMBER: 02089006)

BALANCE SHEET
31 January 2025

31.1.25 31.1.24
Notes £    £   
FIXED ASSETS
Tangible assets 4 355,442 472,302

CURRENT ASSETS
Stocks 513,962 558,881
Debtors 5 921,755 1,090,073
Cash at bank 1,368,662 1,256,709
2,804,379 2,905,663
CREDITORS
Amounts falling due within one year 6 (1,003,457 ) (1,145,179 )
NET CURRENT ASSETS 1,800,922 1,760,484
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,156,364

2,232,786

CREDITORS
Amounts falling due after more than one
year

7

-

(1,156

)

PROVISIONS FOR LIABILITIES (77,133 ) (100,640 )
NET ASSETS 2,079,231 2,130,990

CAPITAL AND RESERVES
Called up share capital 9 10,200 10,200
Retained earnings 2,069,031 2,120,790
SHAREHOLDERS' FUNDS 2,079,231 2,130,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

F M STEELSTOCK LIMITED (REGISTERED NUMBER: 02089006)

BALANCE SHEET - continued
31 January 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 July 2025 and were signed on its behalf by:




D Maughan - Director



Mrs B Maughan - Director


F M STEELSTOCK LIMITED (REGISTERED NUMBER: 02089006)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

F M Steelstock Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance and 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 24 ) .

F M STEELSTOCK LIMITED (REGISTERED NUMBER: 02089006)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024 1,013,826
Additions 5,088
Disposals (58,529 )
At 31 January 2025 960,385
DEPRECIATION
At 1 February 2024 541,524
Charge for year 107,095
Eliminated on disposal (43,676 )
At 31 January 2025 604,943
NET BOOK VALUE
At 31 January 2025 355,442
At 31 January 2024 472,302

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2024
and 31 January 2025 85,029
DEPRECIATION
At 1 February 2024
and 31 January 2025 51,845
NET BOOK VALUE
At 31 January 2025 33,184
At 31 January 2024 33,184

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 866,362 1,030,633
Other debtors 55,393 59,440
921,755 1,090,073

F M STEELSTOCK LIMITED (REGISTERED NUMBER: 02089006)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Hire purchase contracts 1,156 7,750
Trade creditors 733,981 782,034
Taxation and social security 119,933 95,962
Other creditors 148,387 259,433
1,003,457 1,145,179

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Hire purchase contracts - 1,156

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.25 31.1.24
£    £   
Hire purchase contracts 1,156 8,906

Hire purchase contracts are secured by a charge on the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
2,200 Ordinary £1 2,200 2,200
7,800 A Ordinary £1 7,800 7,800
100 B Ordinary £1 100 100
100 C Ordinary £1 100 100
10,200 10,200

10. RELATER PARTY DISCLOSURES

In 2005 the company sold its freehold premises at Newburn Bridge Road to the F M Steelstock Limited Retirement Benefit Scheme at open market value. The company continues to occupy these premises at an open market rent.

At 31 January 2025 there was a sum due from the Retirement Benefit Scheme to the company amounting to £70,838 (2024 - £71,773) which is shown in current assets.

11. ULTIMATE CONTROLLING PARTY

The controlling party is D Maughan.

Mr D Maughan is the ultimate controlling party as he and close family members hold 80% of the issued share capital of the company.