2023-03-012024-02-292024-02-29false11827152STEEL POINT 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STEEL POINT LTD

Registered Number
11827152
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

STEEL POINT LTD
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

COPPER, Gayle Kim

Company Secretary

DAVENPORTS GROUP LTD

Registered Address

46 Tamworth Road
Croydon
CR0 1XU

Registered Number

11827152 (England and Wales)
STEEL POINT LTD
Statement of Financial Position
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets33,5823,002
3,5823,002
Current assets
Cash at bank and on hand8,6319,944
8,6319,944
Creditors amounts falling due within one year4(32)(1,930)
Net current assets (liabilities)8,5998,014
Total assets less current liabilities12,18111,016
Creditors amounts falling due after one year5(11,847)(4,854)
Net assets3346,162
Capital and reserves
Called up share capital1010
Profit and loss account3246,152
Shareholders' funds3346,162
The financial statements were approved and authorised for issue by the Board of Directors on 12 August 2024, and are signed on its behalf by:
COPPER, Gayle Kim
Director
Registered Company No. 11827152
STEEL POINT LTD
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery-5
Fixtures and fittings20-
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 235,048
Additions1,577
At 29 February 246,626
Depreciation and impairment
At 01 March 232,045
Charge for year998
At 29 February 243,043
Net book value
At 29 February 243,582
At 28 February 233,002
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-52
Taxation and social security51,851
Other creditors2727
Total321,930
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2024

2023

££
Other creditors11,8474,854
Total11,8474,854