Company Registration No. 7150644 (England and Wales)
Steadman Construction Limited
Unaudited accounts
for the year ended 28 February 2023
Steadman Construction Limited
Unaudited accounts
Contents
Steadman Construction Limited
Company Information
for the year ended 28 February 2023
Company Number
7150644 (England and Wales)
Registered Office
8 Princes Crescent
Skipton
North Yorkshire
BD23 1HH
Accountants
Pearson & Associates
Suite E, Canal Wharf
Eshton Road
Gargrave, Skipton
North Yorkshire
BD23 3SE
Steadman Construction Limited
Statement of financial position
as at 28 February 2023
Tangible assets
8,691
11,588
Cash at bank and in hand
43,147
30,149
Creditors: amounts falling due within one year
(24,720)
(19,462)
Net current assets
51,517
41,193
Called up share capital
2
2
Profit and loss account
60,206
52,779
Shareholders' funds
60,208
52,781
For the year ending 28 February 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 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 18 October 2023 and were signed on its behalf by
Mr S Steadman
Director
Company Registration No. 7150644
Steadman Construction Limited
Notes to the Accounts
for the year ended 28 February 2023
Steadman Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 7150644. The registered office is 8 Princes Crescent, Skipton, North Yorkshire, BD23 1HH.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
25% on reducing balance
Motor vehicles
25% on reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2022
3,007
20,500
23,507
At 28 February 2023
3,007
20,500
23,507
At 1 March 2022
2,036
9,883
11,919
Charge for the year
243
2,654
2,897
At 28 February 2023
2,279
12,537
14,816
At 28 February 2023
728
7,963
8,691
At 28 February 2022
971
10,617
11,588
Amounts falling due within one year
Trade debtors
33,090
30,506
Steadman Construction Limited
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,623
1,725
Taxes and social security
21,785
16,977
Loans from directors
733
662
7
Transactions with related parties
During the year, total dividends of £26,000 (2022 - £28,000) were paid to the director.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).