Steel Yard Exchange Limited 31/12/2025 iXBRL

Company registration number: 11132949

Steel Yard Exchange Limited

Unaudited filleted financial statements

31 December 2025

Steel Yard Exchange Limited

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Steel Yard Exchange Limited

Directors and other information


	Director	Mr R McVaddy


	Company number	11132949


	Registered office	Synergy House (4th Floor)
		114-118 Southampton Row
		London
		WC1B 5AA


	Accountants	Redford & Co Limited
		Chartered Accountants
		Synergy House (4th Floor)
		114-118 Southampton Row
		London
		WC1B 5AA

Steel Yard Exchange Limited

Statement of financial position

31 December 2025

		31/12/25		30/06/25
	Note	£	£	£	£

Fixed assets
Tangible assets	5	47,348		59,592
		_______		_______
			47,348		59,592

Current assets
Stocks		50,000		50,000
Debtors	6	1,248,730		1,656,933
Cash at bank and in hand		66,793		436,226
		_______		_______
		1,365,523		2,143,159
Creditors: amounts falling due
within one year	7	( 1,270,053)		( 1,730,564)
		_______		_______
Net current assets			95,470		412,595
			_______		_______
Total assets less current liabilities			142,818		472,187

Creditors: amounts falling due
after more than one year	8		( 75,337)		( 95,202)
			_______		_______
Net assets			67,481		376,985
			_______		_______

Capital and reserves
Called up share capital			1		1
Profit and loss account			67,480		376,984
			_______		_______
Shareholder funds			67,481		376,985
			_______		_______

For the period ending 31 December 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 member has not required the company to obtain an audit of its financial statements for the period 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 16 October 2026 , and are signed on behalf of the board by:

Mr R McVaddy

Director

Company registration number: 11132949

Steel Yard Exchange Limited

Notes to the financial statements

Period ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Synergy House (4th Floor), 114-118 Southampton Row, London, WC1B 5AA.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, 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.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts 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, except to the extent 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 in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 39 (2025: 46 ).

5. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 1 July 2025	167,853	167,853
Additions	3,539	3,539
	_______	_______
At 31 December 2025	171,392	171,392
	_______	_______
Depreciation
At 1 July 2025	108,261	108,261
Charge for the year	15,783	15,783
	_______	_______
At 31 December 2025	124,044	124,044
	_______	_______
Carrying amount
At 31 December 2025	47,348	47,348
	_______	_______
At 30 June 2025	59,592	59,592
	_______	_______

6. Debtors

	31/12/25	30/06/25
	£	£
Trade debtors	96,740	40,822
Other debtors	1,151,990	1,616,111
	_______	_______
	1,248,730	1,656,933
	_______	_______

7. Creditors: amounts falling due within one year

	31/12/25	30/06/25
	£	£
Bank loans and overdrafts	178,984	130,541
Trade creditors	416,162	622,634
Corporation tax	44,723	36,593
Social security and other taxes	93,752	60,617
Other creditors	536,432	880,179
	_______	_______
	1,270,053	1,730,564
	_______	_______

8. Creditors: amounts falling due after more than one year

	31/12/25	30/06/25
	£	£
Bank loans and overdrafts	75,337	95,202
	_______	_______