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REGISTERED NUMBER: 07778384 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Steve M Distribution Limited

Steve M Distribution Limited (Registered number: 07778384)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Steve M Distribution Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: S P Mutton





REGISTERED OFFICE: 25 Beaufoy Close
Shaftesbury
Dorset
SP7 8PT





REGISTERED NUMBER: 07778384 (England and Wales)





ACCOUNTANTS: Nicola Brookes
Chartered Accountant
Mole End
Shorts Green Lane
Motcombe
Dorset
SP7 9PA

Steve M Distribution Limited (Registered number: 07778384)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,007 11,503

CURRENT ASSETS
Debtors 5 4,387 2,824
Cash at bank 15,293 21,477
19,680 24,301
CREDITORS
Amounts falling due within one year 6 13,246 10,571
NET CURRENT ASSETS 6,434 13,730
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,441

25,233

CREDITORS
Amounts falling due after more than one
year

7

(4,462

)

-

PROVISIONS FOR LIABILITIES (5,701 ) (1,641 )
NET ASSETS 26,278 23,592

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 26,178 23,492
SHAREHOLDERS' FUNDS 26,278 23,592

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

Steve M Distribution Limited (Registered number: 07778384)

Balance Sheet - continued
30 September 2023


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 21 October 2023 and were signed by:





S P Mutton - Director


Steve M Distribution Limited (Registered number: 07778384)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Steve M Distribution 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.

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.

Turnover
Turnover 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Steve M Distribution Limited (Registered number: 07778384)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 20,995
Additions 40,010
Disposals (20,450 )
At 30 September 2023 40,555
DEPRECIATION
At 1 October 2022 9,492
Charge for year 10,003
Eliminated on disposal (8,947 )
At 30 September 2023 10,548
NET BOOK VALUE
At 30 September 2023 30,007
At 30 September 2022 11,503

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 40,010
At 30 September 2023 40,010
DEPRECIATION
Charge for year 10,003
At 30 September 2023 10,003
NET BOOK VALUE
At 30 September 2023 30,007

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 2,532 2,172
Other debtors 1,855 652
4,387 2,824

Steve M Distribution Limited (Registered number: 07778384)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Hire purchase contracts 4,119 -
Taxation and social security 1,476 3,624
Other creditors 7,651 6,947
13,246 10,571

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Hire purchase contracts 4,462 -

8. RELATED PARTY DISCLOSURES

The controlling party is S P Mutton.