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Company Registration No. 13255698 (England and Wales)
STEAK & HONOUR LIMITED Unaudited accounts for the year ended 31 March 2023
STEAK & HONOUR LIMITED Unaudited accounts Contents
Page
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STEAK & HONOUR LIMITED Company Information for the year ended 31 March 2023
Directors
Charlotte McKie-Riethoff Leo Riethoff
Company Number
13255698 (England and Wales)
Registered Office
C/O COLES ACCOUNTING (CAMBRIDGE) LIMITED NEWTON CAMBRIDGE CB22 7ZE ENGLAND
Accountants
Coles Accounting (Cambridge) Limited Newton Hall Town Street, Newton Cambridge Cambridgeshire CB22 7ZE
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STEAK & HONOUR LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
- 
1 
Fixed assets
Tangible assets
110,520 
- 
Current assets
Inventories
9,087 
- 
Debtors
26,297 
- 
Cash at bank and in hand
78,140 
- 
113,524 
- 
Creditors: amounts falling due within one year
(123,598)
- 
Net current liabilities
(10,074)
- 
Total assets less current liabilities
100,446 
1 
Creditors: amounts falling due after more than one year
(7,285)
- 
Provisions for liabilities
Deferred tax
(20,999)
- 
Net assets
72,162 
1 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
72,161 
- 
Shareholders' funds
72,162 
1 
For the year ending 31 March 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 17 July 2023 and were signed on its behalf by
Leo Riethoff Director Company Registration No. 13255698
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STEAK & HONOUR LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
STEAK & HONOUR LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13255698. The registered office is C/O COLES ACCOUNTING (CAMBRIDGE) LIMITED, NEWTON, CAMBRIDGE, CB22 7ZE, ENGLAND.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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:
Motor vehicles
25% straight line
Fixtures & fittings
33% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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STEAK & HONOUR LIMITED Notes to the Accounts for the year ended 31 March 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
- 
- 
- 
Additions
98,696 
50,616 
149,312 
At 31 March 2023
98,696 
50,616 
149,312 
Depreciation
Charge for the year
24,674 
14,118 
38,792 
At 31 March 2023
24,674 
14,118 
38,792 
Net book value
At 31 March 2023
74,022 
36,498 
110,520 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,389 
- 
Accrued income and prepayments
23,908 
- 
26,297 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
36,096 
- 
Obligations under finance leases and hire purchase contracts
6,699 
- 
Trade creditors
19,269 
- 
Taxes and social security
25,400 
- 
Other creditors
1,033 
- 
Loans from directors
30,059 
- 
Accruals
5,042 
- 
123,598 
- 
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STEAK & HONOUR LIMITED Notes to the Accounts for the year ended 31 March 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
7,285 
- 
8
Average number of employees
During the year the average number of employees was 10 (2022: 0).
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