IRIS Accounts Production v23.1.0.753 03082686 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false false true false Fair value model A ordinary 1.00000 B ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure030826862022-02-28030826862023-02-28030826862022-03-012023-02-28030826862021-02-28030826862021-03-012022-02-28030826862022-02-2803082686ns15:EnglandWales2022-03-012023-02-2803082686ns14:PoundSterling2022-03-012023-02-2803082686ns10:Director12022-03-012023-02-2803082686ns10:PrivateLimitedCompanyLtd2022-03-012023-02-2803082686ns10:SmallEntities2022-03-012023-02-2803082686ns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2803082686ns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2803082686ns10:SmallCompaniesRegimeForAccounts2022-03-012023-02-2803082686ns10:AbridgedAccounts2022-03-012023-02-280308268612022-03-012023-02-2803082686ns10:OrdinaryShareClass12022-03-012023-02-2803082686ns10:OrdinaryShareClass22022-03-012023-02-2803082686ns10:Director22022-03-012023-02-2803082686ns10:RegisteredOffice2022-03-012023-02-2803082686ns5:CurrentFinancialInstruments2023-02-2803082686ns5:CurrentFinancialInstruments2022-02-2803082686ns5:ShareCapital2023-02-2803082686ns5:ShareCapital2022-02-2803082686ns5:RetainedEarningsAccumulatedLosses2023-02-2803082686ns5:RetainedEarningsAccumulatedLosses2022-02-2803082686ns5:NetGoodwill2022-03-012023-02-2803082686ns5:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2803082686ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-03-012023-02-2803082686ns5:ShortLeaseholdAssetsns5:LandBuildings2022-03-012023-02-2803082686ns5:PlantMachinery2022-03-012023-02-2803082686ns5:FurnitureFittings2022-03-012023-02-2803082686ns5:MotorVehicles2022-03-012023-02-2803082686ns10:OrdinaryShareClass12023-02-2803082686ns10:OrdinaryShareClass22023-02-28
REGISTERED NUMBER: 03082686 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

STEELE'S REMOVALS LIMITED

STEELE'S REMOVALS LIMITED (REGISTERED NUMBER: 03082686)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


STEELE'S REMOVALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mr D R Steele
Mr J Steele



REGISTERED OFFICE: Bouthwood Road
Sowerby Woods Business Park
Park Road
Barrow in Furness
Cumbria
LA14 4RD



REGISTERED NUMBER: 03082686 (England and Wales)



BANKERS: Barclays Bank plc
86-88 Dalton Road
Barrow in Furness
Cumbria
LA14 1JF

STEELE'S REMOVALS LIMITED (REGISTERED NUMBER: 03082686)

ABRIDGED BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,842,915 2,766,177
Investments 6 200,000 -
Investment property 7 352,827 352,827
3,395,742 3,119,004

CURRENT ASSETS
Stocks 738,250 686,050
Debtors 124,807 144,413
Cash at bank and in hand 1,508,062 1,040,641
2,371,119 1,871,104
CREDITORS
Amounts falling due within one year 490,432 465,082
NET CURRENT ASSETS 1,880,687 1,406,022
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,276,429

4,525,026

PROVISIONS FOR LIABILITIES 110,717 81,563
NET ASSETS 5,165,712 4,443,463

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 5,165,709 4,443,460
SHAREHOLDERS' FUNDS 5,165,712 4,443,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

STEELE'S REMOVALS LIMITED (REGISTERED NUMBER: 03082686)

ABRIDGED BALANCE SHEET - continued
28 FEBRUARY 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:





Mr D R Steele - Director


STEELE'S REMOVALS LIMITED (REGISTERED NUMBER: 03082686)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Steele's Removals 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods, services and rental income, excluding VAT.

Goodwill
Goodwill purchased in a prior year has been fully amortised.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Leasehold property - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 25 (2022 - 26 ) .

STEELE'S REMOVALS LIMITED (REGISTERED NUMBER: 03082686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022
and 28 February 2023 1,500
AMORTISATION
At 1 March 2022
and 28 February 2023 1,500
NET BOOK VALUE

At 28 February 2023 -
At 28 February 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 4,905,477
Additions 410,658
Disposals (305,686 )
At 28 February 2023 5,010,449
DEPRECIATION
At 1 March 2022 2,139,300
Charge for year 287,888
Eliminated on disposal (259,654 )
At 28 February 2023 2,167,534
NET BOOK VALUE
At 28 February 2023 2,842,915
At 28 February 2022 2,766,177

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 200,000
At 28 February 2023 200,000
NET BOOK VALUE
At 28 February 2023 200,000

STEELE'S REMOVALS LIMITED (REGISTERED NUMBER: 03082686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 352,827
NET BOOK VALUE
At 28 February 2023 352,827
At 28 February 2022 352,827

All of the company's investment properties are held for long-term investment and are included in the Balance Sheet at cost which is a departure from Financial Reporting Standard 102.

Depreciation is not provided in respect of investment properties which is a departure from Financial Reporting Standard 102 the Companies Act 2006. Depreciation if provided would not have been of a material nature.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
2 A ordinary £1 2 2
1 B ordinary £1 1 1
3 3

The B ordinary shares are non equity ordinary shares the holders having no equity participation rights other than the right to receive dividends.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors had no material interest in any contract with the company during the financial period.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr D R Steele.