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Company Registration No. NI674729 (Northern Ireland)
Midas Steel Ltd Unaudited accounts for the year ended 31 December 2025
Midas Steel Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Midas Steel Ltd Company Information for the year ended 31 December 2025
Director
Shaun Donaghey
Company Number
NI674729 (Northern Ireland)
Registered Office
2 MARLBOROUGH STREET LONDONDERRY BT48 9AY NORTHERN IRELAND
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Midas Steel Ltd Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Current assets
Debtors
4
33,050
60,991
Cash at bank and in hand
7,927
10,828
40,977
71,819
Creditors: amounts falling due within one year
5
-
(6,356)
Net current assets
40,977
65,463
Net assets
40,977
65,463
Capital and reserves
Called up share capital
1
1
Profit and loss account
40,976
65,462
Shareholders' funds
40,977
65,463
For the year ending 31 December 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 February 2026 and were signed on its behalf by
Shaun Donaghey Director Company Registration No. NI674729
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Midas Steel Ltd Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Midas Steel Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI674729. The registered office is 2 MARLBOROUGH STREET, LONDONDERRY, BT48 9AY, NORTHERN IRELAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
296
143
Other debtors
32,754
35,559
33,050
35,702
Amounts falling due after more than one year
Other debtors
-
25,289
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
-
6,356
6
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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