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Company Registration No. NI674729 (Northern Ireland)
Midas Steel Ltd Unaudited accounts for the year ended 31 December 2024
Midas Steel Ltd Unaudited accounts Contents
Page
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Midas Steel Ltd Company Information for the year ended 31 December 2024
Director
Shaun Donaghey
Company Number
NI674729 (Northern Ireland)
Registered Office
2 MARLBOROUGH STREET LONDONDERRY BT48 9AY NORTHERN IRELAND
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Midas Steel Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
60,991 
- 
Cash at bank and in hand
10,828 
18,589 
71,819 
18,589 
Creditors: amounts falling due within one year
(6,356)
62,777 
Net current assets
65,463 
81,366 
Net assets
65,463 
81,366 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
65,462 
81,365 
Shareholders' funds
65,463 
81,366 
For the year ending 31 December 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 29 August 2025 and were signed on its behalf by
Shaun Donaghey Director Company Registration No. NI674729
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Midas Steel Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Midas Steel Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI674729. The registered office is 2 MARLBOROUGH STREET, LONDONDERRY, BT48 9AY, NORTHERN IRELAND.
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
These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
143 
- 
Other debtors
35,559 
- 
35,702 
- 
Amounts falling due after more than one year
Other debtors
25,289 
- 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
6,356 
(9,076)
Loans from directors
- 
(53,701)
6,356 
(62,777)
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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