FOCUS METALS LIMITED - Filleted accounts

Registered number

06546095

FOCUS METALS LIMITED

Unaudited Accounts

31 March 2026

FOCUS METALS LIMITED
Registered number:		06546095
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		138			68

Current assets
Stocks		4,749			9,868
Debtors	4	21,078			47,072
Cash at bank and in hand		44,252			26,986
		70,079			83,926

Creditors: amounts falling due within one year	5	(29,428)			(44,709)

Net current assets			40,651			39,217

Net assets			40,789			39,285

Capital and reserves
Called up share capital			10			10
Profit and loss account			40,779			39,275

Shareholder's funds			40,789			39,285

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 member has 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.




MICHAEL KELLY
Director
Approved by the board on 26 May 2026

FOCUS METALS LIMITED
Notes to the Accounts
for the year ended 31 March 2026


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).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	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 at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings and equipment	25% 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. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Fixtures, fittings and equipment
£
	Cost
	At 1 April 2025				3,884
	Additions				115
	At 31 March 2026				3,999

	Depreciation
	At 1 April 2025				3,816
	Charge for the year				45
	At 31 March 2026				3,861

	Net book value
	At 31 March 2026				138
	At 31 March 2025				68


4	Debtors		2026		2025
£				£

	Trade debtors		21,078		47,072


5	Creditors: amounts falling due within one year		2026		2025
£				£

	Trade creditors		9,629		25,999
	Taxation and social security costs		17,654		15,979
	Other creditors		2,145		2,731
			29,428		44,709


6	Other information

	FOCUS METALS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	21 Lawrence Road
	Richmond
	TW10 7LW