IRIS Accounts Production v25.4.12.37 12518895 director 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 12518895 2024-03-31 12518895 2025-03-31 12518895 2024-04-01 2025-03-31 12518895 2023-03-31 12518895 2023-04-01 2024-03-31 12518895 2024-03-31 12518895 ns15:EnglandWales 2024-04-01 2025-03-31 12518895 ns14:PoundSterling 2024-04-01 2025-03-31 12518895 ns10:Director1 2024-04-01 2025-03-31 12518895 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12518895 ns10:SmallEntities 2024-04-01 2025-03-31 12518895 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 12518895 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 12518895 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 12518895 ns10:FullAccounts 2024-04-01 2025-03-31 12518895 ns10:RegisteredOffice 2024-04-01 2025-03-31 12518895 ns5:CurrentFinancialInstruments 2025-03-31 12518895 ns5:CurrentFinancialInstruments 2024-03-31 12518895 ns5:ShareCapital 2025-03-31 12518895 ns5:ShareCapital 2024-03-31 12518895 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 12518895 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 12518895 ns5:ComputerEquipment 2024-04-01 2025-03-31 12518895 ns5:ComputerEquipment 2024-03-31 12518895 ns5:ComputerEquipment 2025-03-31 12518895 ns5:ComputerEquipment 2024-03-31

REGISTERED NUMBER: 12518895 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

| FOR |

| STEEL MOUNTAIN LIMITED |

| STEEL MOUNTAIN LIMITED (REGISTERED NUMBER: 12518895) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| STEEL MOUNTAIN LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTOR: | A S Mustafa

| REGISTERED OFFICE: | 1 Kings Avenue

| London

| N21 3NA

| REGISTERED NUMBER: | 12518895 (England and Wales)

| ACCOUNTANTS: | AGK Partners

| Chartered Accountants

| 1 Kings Avenue

| Winchmore Hill

| London

| N21 3NA

| STEEL MOUNTAIN LIMITED (REGISTERED NUMBER: 12518895) |

STATEMENT OF FINANCIAL POSITION

31 MARCH 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Property, plant and equipment | 4 | 2,357 |  | 3,518 |  |

CURRENT ASSETS

Inventories | 461,655 |  | 406,413 |  |

Debtors | 5 | 111,442 |  | 111,442 |  |

Prepayments and accrued income | 169 |  | 388 |  |

Cash at bank and in hand | 10,105 |  | 15,691 |  |

583,371 |  | 533,934 |  |

CREDITORS

Amounts falling due within one year | 6 | (255,497 | ) | (247,275 | ) |

NET CURRENT ASSETS | 327,874 |  | 286,659 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 330,231 |  | 290,177 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 330,131 |  | 290,077 |  |

330,231 |  | 290,177 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 6 February 2026 and were signed by:

A S Mustafa - Director

| STEEL MOUNTAIN LIMITED (REGISTERED NUMBER: 12518895) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Steel Mountain Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Significant judgements and estimates

| In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements.

| Turnover

| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Computer equipment | - | 33.33% on cost

| Stocks

| Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| 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.

| STEEL MOUNTAIN LIMITED (REGISTERED NUMBER: 12518895) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

4. | PROPERTY, PLANT AND EQUIPMENT

| Computer

| equipment

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 8,855 |  |

| DEPRECIATION

| At 1 April 2024 | 5,337 |  |

| Charge for year | 1,161 |  |

| At 31 March 2025 | 6,498 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2,357 |  |

| At 31 March 2024 | 3,518 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Amounts owed by group undertakings | 111,442 |  | 111,442 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 555 |  | 262 |  |

| Taxation and social security | 12,284 |  | 11,466 |  |

| Other creditors | 242,658 |  | 235,547 |  |

255,497 |  | 247,275 |  |

7. | RELATED PARTY DISCLOSURES

| Included in creditors, amount falling due within one year, is an amount of £239,659 (2024: £230,562) due to the director of the company. The loan is interest free.

| Included in debtors, amount falling due within one year, is an amount of £111,442 (2024:£111,442) due from connected companies under common directorship.