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Company Registration No. 10393791 (England and Wales)
Ifab Steel Ltd Unaudited accounts for the year ended 31 March 2025
Ifab Steel Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Ifab Steel Ltd Company Information for the year ended 31 March 2025
Director
Shane Bryer
Company Number
10393791 (England and Wales)
Registered Office
Unit 9a-9b Golding Barn Business Park Henfield Road Small Dole Henfield West Sussex BN5 9XH United Kingdom
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Ifab Steel Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
17,011
35,243
Current assets
Inventories
81,037
70,000
Debtors
5
509,862
323,408
Cash at bank and in hand
32,675
103,075
623,574
496,483
Creditors: amounts falling due within one year
6
(329,138)
(353,763)
Net current assets
294,436
142,720
Total assets less current liabilities
311,447
177,963
Creditors: amounts falling due after more than one year
7
(29,660)
(63,308)
Net assets
281,787
114,655
Capital and reserves
Called up share capital
100
100
Profit and loss account
281,687
114,555
Shareholders' funds
281,787
114,655
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 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 16 April 2026 and were signed on its behalf by
Shane Bryer Director Company Registration No. 10393791
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Ifab Steel Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Ifab Steel Ltd is a private company, limited by shares, registered in England and Wales, registration number 10393791. The registered office is Unit 9a-9b Golding Barn Business Park, Henfield Road, Small Dole, Henfield, West Sussex, BN5 9XH, United Kingdom.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4 years
Motor vehicles
4 years
Computer equipment
4 years
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
13,110
66,500
1,374
80,984
Additions
-
-
1,566
1,566
At 31 March 2025
13,110
66,500
2,940
82,550
Depreciation
At 1 April 2024
7,260
37,450
1,031
45,741
Charge for the year
2,438
16,625
735
19,798
At 31 March 2025
9,698
54,075
1,766
65,539
Net book value
At 31 March 2025
3,412
12,425
1,174
17,011
At 31 March 2024
5,850
29,050
343
35,243
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Ifab Steel Ltd Notes to the Accounts for the year ended 31 March 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
14,646
27,692
Trade debtors
412,939
295,716
Other debtors
82,277
-
509,862
323,408
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
76,028
70,225
Obligations under finance leases and hire purchase contracts
8,340
10,540
Trade creditors
147,067
123,588
Amounts owed to group undertakings and other participating interests
26,417
21,872
Taxes and social security
5,898
59,600
Other creditors
49,466
44,999
Loans from directors
12,292
21,589
Accruals
3,630
1,350
329,138
353,763
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
15,000
37,083
Obligations under finance leases and hire purchase contracts
14,660
26,225
29,660
63,308
8
Loans to directors
During the year, the director provided interest free loans to the company. At the balance sheet date, the company owed to the director £12,292 (2024 - £20,529).
9
Average number of employees
During the year the average number of employees was 7 (2024: 7).
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