1 April 2024 v2025.83.1 limited_company_frs_102_section_1a_v1_1_3 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP125241592024-04-012025-03-31125241592025-03-3112524159core:WithinOneYear2025-03-3112524159core:AfterOneYear2025-03-3112524159core:RetainedEarningsAccumulatedLosses2025-03-3112524159bus:Director12024-04-012025-03-3112524159bus:RegisteredOffice2024-04-012025-03-3112524159core:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3112524159core:IntangibleAssetsOtherThanGoodwill2025-03-3112524159core:PlantMachinery2024-04-012025-03-3112524159core:PlantMachinery2025-03-3112524159core:DisposalsRepaymentsInvestments2025-03-3112524159core:CostValuation2025-03-311252415912024-04-012025-03-3112524159countries:EnglandWales2024-04-012025-03-3112524159bus:AuditExemptWithAccountantsReport2024-04-012025-03-3112524159bus:PrivateLimitedCompanyLtd2024-04-012025-03-3112524159bus:SmallEntities2024-04-012025-03-3112524159bus:FullAccounts2024-04-012025-03-31
Company registration number:
12524159
Steel Fm Scunthorpe Ltd
Unaudited Filleted Financial Statements for the year ended
31 March 2025
Brit Accountants
Britannia House, High Street, Scunthorpe, Lincolnshire, DN15 6EA, United Kingdom
Steel Fm Scunthorpe Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Steel Fm Scunthorpe Ltd
Year ended
31 March 2025
As described on the statement of financial position, the Board of Directors of
Steel Fm Scunthorpe Ltd
are responsible for the preparation of the
financial statements
for the year ended
31 March 2025
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Brit Accountants
Britannia House
High Street
Scunthorpe
Lincolnshire
DN15 6EA
United Kingdom
Date:
18 December 2026
Steel Fm Scunthorpe Ltd
Statement of Financial Position
31 March 2025
2025
Note£
Fixed assets  
Intangible assets 5
(10,424
 )
Tangible assets 6
16,781
 
Investments 7
10,448
 
16,805
 
Current assets  
Debtors 8
10,637
 
Cash at bank and in hand
178
 
10,815
 
Creditors: amounts falling due within one year 9
(4,890
 )
Net current assets
5,925
 
Total assets less current liabilities 22,730  
Creditors: amounts falling due after more than one year 10
6,146
 
Provisions for liabilities
(27,250
 )
Net assets
1,626
 
Capital and reserves  
Profit and loss account
1,626
 
Shareholders funds
1,626
 
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.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These
financial statements
were approved by the board of directors and authorised for issue on
20 December 2025
, and are signed on behalf of the board by:
Mr M Bolli
Director
Company registration number:
12524159
Steel Fm Scunthorpe Ltd
Notes to the Financial Statements
Year ended
31 March 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Britannia House
,
High Street
,
Scunthorpe
,
North Lincolnshire
,
DN15 6EA
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4 Average number of employees

The average number of persons employed by the company during the year was
12
.

5 Intangible assets

Other intangible assets
£
Cost  
At
1 April 2024
 -  
Additions
(10,424
 )
At
31 March 2025
(10,424
 )
Amortisation  
At
1 April 2024
and
31 March 2025
 -  
Carrying amount  
At
31 March 2025
(10,424
 )

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 April 2024
 -  
Additions
16,781
 
At
31 March 2025
16,781
 
Depreciation  
At
1 April 2024
and
31 March 2025
 -  
Carrying amount  
At
31 March 2025
16,781
 

7 Investments

Other investments
£
Cost  
At
1 April 2024
 -  
Disposals
10,448
 
At
31 March 2025
10,448
 
Impairment  
At
1 April 2024
and
31 March 2025
 -  
Carrying amount  
At
31 March 2025
10,448
 

8 Debtors

2025
£
Trade debtors
(120
 )
Other debtors
10,757
 
10,637
 

9 Creditors: amounts falling due within one year

2025
£
Trade creditors
5,008
 
Taxation and social security
(118
 )
4,890
 

10 Creditors: amounts falling due after more than one year

2025
£
Other creditors
(6,146
 )