Urban Iron Ltd - Filleted accounts

Registered number

07176188

Urban Iron Ltd

Filleted Accounts

31 March 2025

Certax Accounting (Richmond)

Professional Accountants & Tax Advisers

Urban Iron Ltd
Registered number:		07176188
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		19,148			24,256

Current assets
Cash at bank and in hand		30,302			24,218

Creditors: amounts falling due within one year	4	(29,565)			(32,577)

Net current assets/(liabilities)			737			(8,359)

Total assets less current liabilities			19,885			15,897

Creditors: amounts falling due after more than one year	5		(7,000)			(7,150)

Provisions for liabilities			(3,638)			(4,608)


Net assets			9,247			4,139

Capital and reserves
Called up share capital			10			10
Profit and loss account			9,237			4,129

Shareholders' funds			9,247			4,139

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Peter Coughlan
Director
Approved by the board on 2 September 2025

Urban Iron Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	20% reducing balance basis
	Motor vehicles	25% reducing balance basis
	Computer equipment	20% reducing balance basis

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		4


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	90,686		27,029		117,715
	At 31 March 2025	90,686		27,029		117,715

	Depreciation
	At 1 April 2024	71,571		21,888		93,459
	Charge for the year	3,823		1,285		5,108
	At 31 March 2025	75,394		23,173		98,567

	Net book value
	At 31 March 2025	15,292		3,856		19,148
	At 31 March 2024	19,115		5,141		24,256


4	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			-		6,000
	Trade creditors			-		6,844
	Taxation and social security costs			17,236		11,156
	Other creditors			12,329		8,577
				29,565		32,577


5	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			7,000		7,150


6	Other information

	Urban Iron Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	The Barge Dargilan
	Dock Road
	Brentford
	Middlesex
	TW8 8AG