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Registered Number: 08802040
England and Wales

 

 

 

IRON SOLUTIONS LTD



Abridged Accounts
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 5,546    7,422 
Investments 4 125,714    15,714 
131,260    23,136 
Current assets      
Stocks 46,980    56,091 
Cash at bank and in hand 63,282    89,223 
110,262    145,314 
Creditors: amount falling due within one year (29,738)   (46,606)
Net current assets 80,524    98,708 
 
Total assets less current liabilities 211,784    121,844 
Creditors: amount falling due after more than one year (155,029)   (77,629)
Provisions for liabilities   (1,819)
Net assets 56,755    42,396 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 56,655    42,296 
Shareholders' funds 56,755    42,396 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 06 October 2025 and were signed on its behalf by:


-------------------------------
Muhammad Tayyeb Butt
Director
1
General Information
IRON SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 08802040, registration address 20-24, Surrey Road , Middlesbrough, TS20 2QZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
2.

Average number of employees

Average number of employees during the year was 5 (2023 : 11).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 January 2024 7,637    7,637 
Additions  
Disposals  
At 31 December 2024 7,637    7,637 
Depreciation
At 01 January 2024 215    215 
Charge for year 1,876    1,876 
On disposals  
At 31 December 2024 2,091    2,091 
Net book values
Closing balance as at 31 December 2024 5,546    5,546 
Opening balance as at 01 January 2024 7,422    7,422 


4.

Investments

Cost Other investments other than loans   Loans to group undertakings   Total
  £   £   £
At 01 January 2024 14,052    1,662    15,714 
Additions 110,000      110,000 
Disposals    
At 31 December 2024 124,052    1,662    125,714 

2