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Registered number: 06527234
Marshall Steel Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Clouders (Audit & Accounts) Ltd
Charter House, 103-105 Leigh Road
Leigh-On-Sea
Essex
SS9 1JL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06527234
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,086 1,371
1,086 1,371
CURRENT ASSETS
Debtors 5 99,940 147,509
Cash at bank and in hand 70,842 45,326
170,782 192,835
Creditors: Amounts Falling Due Within One Year 6 (106,790 ) (106,900 )
NET CURRENT ASSETS (LIABILITIES) 63,992 85,935
TOTAL ASSETS LESS CURRENT LIABILITIES 65,078 87,306
Creditors: Amounts Falling Due After More Than One Year 7 (35,000 ) (35,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (261 )
NET ASSETS 30,078 52,045
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 29,978 51,945
SHAREHOLDERS' FUNDS 30,078 52,045
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Liam Hickey
Director
01/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Marshall Steel Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06527234 . The registered office is Charter House, 103 - 105 Leigh Road, Leigh-on-Sea, Essex, SS9 1JL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33% on cost
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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2.4. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 4)
3 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 13,750 2,216 5,458 21,424
Additions - - 240 240
As at 31 March 2025 13,750 2,216 5,698 21,664
Depreciation
As at 1 April 2024 13,266 1,704 5,083 20,053
Provided during the period 121 128 276 525
As at 31 March 2025 13,387 1,832 5,359 20,578
Net Book Value
As at 31 March 2025 363 384 339 1,086
As at 1 April 2024 484 512 375 1,371
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5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 694 58,314
Amounts recoverable on contracts 62,797 55,849
Prepayments and accrued income 2,848 2,837
Other debtors 30,660 30,509
Corporation tax recoverable 1,400 -
VAT 1,541 -
99,940 147,509
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 62,720 63,035
Corporation tax - 1,400
Other taxes and social security 4,438 2,132
VAT - 453
Net wages 1,380 1,414
Other creditors 36 -
Accrued expenses 2,655 2,308
Directors' loan accounts 35,561 36,158
106,790 106,900
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Directors loan account 35,000 35,000
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 1,000 2,000
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