IRIS Accounts Production v23.3.0.418 05528807 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055288072022-03-31055288072023-03-31055288072022-04-012023-03-31055288072021-03-31055288072021-04-012022-03-31055288072022-03-3105528807ns10:Originalns15:EnglandWales2022-04-012023-03-3105528807ns14:PoundSterlingns10:Original2022-04-012023-03-3105528807ns10:Originalns10:Director12022-04-012023-03-3105528807ns10:Original2022-04-012023-03-3105528807ns10:Original2023-03-3105528807ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3105528807ns10:Originalns10:SmallEntities2022-04-012023-03-3105528807ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3105528807ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3105528807ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3105528807ns10:Originalns10:FullAccounts2022-04-012023-03-3105528807ns10:Original12022-04-012023-03-3105528807ns10:Originalns10:Director22022-04-012023-03-3105528807ns10:CompanySecretary1ns10:Original2022-04-012023-03-3105528807ns10:Originalns10:RegisteredOffice2022-04-012023-03-3105528807ns10:Original2022-03-3105528807ns10:Originalns5:CurrentFinancialInstruments2023-03-3105528807ns10:Originalns5:CurrentFinancialInstruments2022-03-3105528807ns10:Originalns5:Non-currentFinancialInstruments2023-03-3105528807ns10:Originalns5:Non-currentFinancialInstruments2022-03-3105528807ns5:ShareCapitalns10:Original2023-03-3105528807ns5:ShareCapitalns10:Original2022-03-3105528807ns10:Originalns5:SharePremium2023-03-3105528807ns10:Originalns5:SharePremium2022-03-3105528807ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3105528807ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3105528807ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-012023-03-3105528807ns10:Originalns5:ComputerSoftware2022-04-012023-03-3105528807ns10:Original2021-04-012022-03-3105528807ns10:Originalns5:ComputerSoftware2022-03-3105528807ns10:Originalns5:ComputerSoftware2023-03-3105528807ns10:Originalns5:ComputerSoftware2022-03-3105528807ns10:Originalns5:FurnitureFittings2022-03-3105528807ns10:Originalns5:ComputerEquipment2022-03-3105528807ns10:Original2022-03-3105528807ns10:Originalns5:FurnitureFittings2022-04-012023-03-3105528807ns10:Originalns5:ComputerEquipment2022-04-012023-03-3105528807ns10:Originalns5:FurnitureFittings2023-03-3105528807ns10:Originalns5:ComputerEquipment2023-03-3105528807ns10:Originalns5:FurnitureFittings2022-03-3105528807ns10:Originalns5:ComputerEquipment2022-03-3105528807ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3105528807ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3105528807ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3105528807ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-03-31
REGISTERED NUMBER: 05528807 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

STEADY COURSE LTD

STEADY COURSE LTD (REGISTERED NUMBER: 05528807)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STEADY COURSE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: C N Polatch
Ms K H Reid





SECRETARY: Ms K H Reid





REGISTERED OFFICE: Mint Yard
The Square
Winchester
Hampshire
SO23 9EX





REGISTERED NUMBER: 05528807 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

STEADY COURSE LTD (REGISTERED NUMBER: 05528807)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 52,421 69,894
Tangible assets 5 669 1,454
53,090 71,348

CURRENT ASSETS
Debtors 6 51,932 13,475
Cash at bank and in hand 113,509 56,962
165,441 70,437
CREDITORS
Amounts falling due within one year 7 81,229 49,174
NET CURRENT ASSETS 84,212 21,263
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,302

92,611

CREDITORS
Amounts falling due after more than one
year

8

37,764

41,927
NET ASSETS 99,538 50,684

CAPITAL AND RESERVES
Called up share capital 104 104
Share premium 3,996 3,996
Retained earnings 95,438 46,584
99,538 50,684

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

STEADY COURSE LTD (REGISTERED NUMBER: 05528807)

BALANCE SHEET - continued
31ST MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th November 2023 and were signed on its behalf by:





C N Polatch - Director


STEADY COURSE LTD (REGISTERED NUMBER: 05528807)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Steady Course Ltd 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

STEADY COURSE LTD (REGISTERED NUMBER: 05528807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1st April 2022
and 31st March 2023 96,770
AMORTISATION
At 1st April 2022 26,876
Amortisation for year 17,473
At 31st March 2023 44,349
NET BOOK VALUE
At 31st March 2023 52,421
At 31st March 2022 69,894

5. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1st April 2022 6,272 20,434 26,706
Additions 216 - 216
At 31st March 2023 6,488 20,434 26,922
DEPRECIATION
At 1st April 2022 5,597 19,655 25,252
Charge for year 222 779 1,001
At 31st March 2023 5,819 20,434 26,253
NET BOOK VALUE
At 31st March 2023 669 - 669
At 31st March 2022 675 779 1,454

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 51,902 13,475
Other debtors 30 -
51,932 13,475

STEADY COURSE LTD (REGISTERED NUMBER: 05528807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 5,000 6,240
Trade creditors 29,539 12,657
Tax 7,972 -
Social security and other taxes 2,557 891
VAT 4,571 4,445
Other creditors 25,960 18,811
Directors' loan accounts 3,630 4,130
Accrued expenses 2,000 2,000
81,229 49,174

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 2-5 years 37,764 41,927