Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31falsetrue2022-01-01falseLicensed restaurants2613The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10519097 2022-01-01 2022-12-31 10519097 2021-01-01 2021-12-31 10519097 2022-12-31 10519097 2021-12-31 10519097 c:Director1 2022-01-01 2022-12-31 10519097 d:Buildings d:LongLeaseholdAssets 2022-01-01 2022-12-31 10519097 d:Buildings d:LongLeaseholdAssets 2022-12-31 10519097 d:Buildings d:LongLeaseholdAssets 2021-12-31 10519097 d:LandBuildings 2022-12-31 10519097 d:LandBuildings 2021-12-31 10519097 d:PlantMachinery 2022-01-01 2022-12-31 10519097 d:PlantMachinery 2022-12-31 10519097 d:PlantMachinery 2021-12-31 10519097 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 10519097 d:FurnitureFittings 2022-01-01 2022-12-31 10519097 d:FurnitureFittings 2022-12-31 10519097 d:FurnitureFittings 2021-12-31 10519097 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 10519097 d:ComputerEquipment 2022-01-01 2022-12-31 10519097 d:ComputerEquipment 2022-12-31 10519097 d:ComputerEquipment 2021-12-31 10519097 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 10519097 d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 10519097 d:CurrentFinancialInstruments 2022-12-31 10519097 d:CurrentFinancialInstruments 2021-12-31 10519097 d:Non-currentFinancialInstruments 2022-12-31 10519097 d:Non-currentFinancialInstruments 2021-12-31 10519097 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10519097 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 10519097 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 10519097 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 10519097 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 10519097 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-12-31 10519097 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-12-31 10519097 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-12-31 10519097 d:ShareCapital 2022-12-31 10519097 d:ShareCapital 2021-12-31 10519097 d:SharePremium 2022-12-31 10519097 d:SharePremium 2021-12-31 10519097 d:RetainedEarningsAccumulatedLosses 2022-12-31 10519097 d:RetainedEarningsAccumulatedLosses 2021-12-31 10519097 c:FRS102 2022-01-01 2022-12-31 10519097 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 10519097 c:FullAccounts 2022-01-01 2022-12-31 10519097 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 10519097









STEINY'S LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
STEINY'S LIMITED
REGISTERED NUMBER: 10519097

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
93,820
92,116

  
93,820
92,116

Current assets
  

Stocks
 5 
9,897
5,659

Debtors: amounts falling due within one year
 6 
598,186
171,242

Cash at bank and in hand
 7 
116,183
238,569

  
724,266
415,470

Creditors: amounts falling due within one year
 8 
(211,101)
(169,430)

Net current assets
  
 
 
513,165
 
 
246,040

Total assets less current liabilities
  
606,985
338,156

Creditors: amounts falling due after more than one year
 9 
(38,519)
-

  

Net assets
  
568,466
338,156


Capital and reserves
  

Called up share capital 
  
4,391
4,391

Share premium account
  
235,609
235,609

Profit and loss account
  
328,466
98,156

  
568,466
338,156


Page 1

 
STEINY'S LIMITED
REGISTERED NUMBER: 10519097
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Summers
Director

Date: 3 November 2023

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
STEINY'S LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Steiny's Limited is a private company limited by shares incorporated in England and Wales. The registered office is 101 New Cavendish Street,1st Floor South, London, United Kingdom W1W 6XH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
STEINY'S LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
over the period of the lease
Plant and machinery
-
20%
reducing balance method
Fixtures and fittings
-
20%
reducing balance method
Computer equipment
-
20%
reducing balance method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
STEINY'S LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.10

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.11

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 5

 
STEINY'S LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.


3.


Employees

The average monthly number of employees, including directors, during the year was 26 (2021 - 13).

Page 6

 
STEINY'S LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2022
55,336
1,849
88,555
4,706
150,446


Additions
-
545
17,084
488
18,117



At 31 December 2022

55,336
2,394
105,639
5,194
168,563



Depreciation


At 1 January 2022
12,770
902
42,606
2,053
58,331


Charge for the year on owned assets
4,257
253
11,346
556
16,412



At 31 December 2022

17,027
1,155
53,952
2,609
74,743



Net book value



At 31 December 2022
38,309
1,239
51,687
2,585
93,820



At 31 December 2021
42,566
947
45,949
2,654
92,116




The net book value of land and buildings may be further analysed as follows:


2022
2021
£
£

Long leasehold
38,309
42,566

38,309
42,566



5.


Stocks

2022
2021
£
£

Stock
9,897
5,659

9,897
5,659


Page 7

 
STEINY'S LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

6.


Debtors

2022
2021
£
£


Trade debtors
177,137
3,167

Other debtors
404,632
152,632

Prepayments and accrued income
16,417
15,443

598,186
171,242



7.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
116,183
238,569

116,183
238,569



8.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
5,050
47,338

Trade creditors
44,312
43,147

Corporation tax
7,630
18,168

Other taxation and social security
108,727
43,896

Other creditors
36,187
13,031

Accruals and deferred income
9,195
3,850

211,101
169,430



9.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
38,519
-

38,519
-


Page 8

 
STEINY'S LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

10.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
5,050
47,338


5,050
47,338


Amounts falling due 2-5 years

Bank loans
22,039
-


22,039
-

Amounts falling due after more than 5 years

Bank loans
16,480
-

16,480
-

43,569
47,338



11.


Provisions








At 31 December 2022

 
Page 9