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REGISTERED NUMBER: 03392519 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Steele Rose & Co Limited

Steele Rose & Co Limited (Registered number: 03392519)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Steele Rose & Co Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: D C S Steele





SECRETARY: D C S Steele





REGISTERED OFFICE: 8 Cherrytree Farm
Blackmore End Road
Sible Hedingham
Essex
CO9 3LZ





REGISTERED NUMBER: 03392519 (England and Wales)





ACCOUNTANTS: Simpson Accountancy Limited
Unit 6 Cherrytree Farm
Blackmore End Road
Sible Hedingham
Essex
CO9 3LZ

Steele Rose & Co Limited (Registered number: 03392519)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 798 798
Tangible assets 5 3,159 5,152
3,957 5,950

CURRENT ASSETS
Debtors 6 7,092 3,548

CREDITORS
Amounts falling due within one year 7 17,229 17,175
NET CURRENT LIABILITIES (10,137 ) (13,627 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,180

)

(7,677

)

CREDITORS
Amounts falling due after more than one
year

8

39,488

44,846
NET LIABILITIES (45,668 ) (52,523 )

CAPITAL AND RESERVES
Called up share capital 1,963 1,963
Retained earnings 9 (47,631 ) (54,486 )
SHAREHOLDERS' FUNDS (45,668 ) (52,523 )

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

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

The director acknowledges his 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 Rose & Co Limited (Registered number: 03392519)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 February 2024 and were signed by:





D C S Steele - Director


Steele Rose & Co Limited (Registered number: 03392519)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Steele Rose & Co 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.

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.

These accounts have been prepared on a going concern basis, based on the continued support of the company's directors and creditors.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 10% on cost

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Steele Rose & Co Limited (Registered number: 03392519)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 798
NET BOOK VALUE
At 31 December 2023 798
At 31 December 2022 798

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 24,758
Additions 990
At 31 December 2023 25,748
DEPRECIATION
At 1 January 2023 19,606
Charge for year 2,983
At 31 December 2023 22,589
NET BOOK VALUE
At 31 December 2023 3,159
At 31 December 2022 5,152

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 1,990 1,990
Other debtors 5,102 1,558
7,092 3,548

Included in debtors, is £1,657 of S455 income tax deposit on the director's overdrawn loan account. This amount is recoverable nine months after the year end in which the loan is repaid.

Steele Rose & Co Limited (Registered number: 03392519)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,714 7,380
Trade creditors (1 ) (1 )
Taxation and social security 5,020 9,153
Other creditors 1,496 643
17,229 17,175

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 39,488 44,846

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 39,488 44,846

9. RESERVES
Retained
earnings
£   

At 1 January 2023 (54,486 )
Profit for the year 6,855
At 31 December 2023 (47,631 )

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
D C S Steele
Balance outstanding at start of year 1,076 29,226
Amounts advanced 4,557 -
Amounts repaid (1,076 ) (28,150 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,557 1,076

11. RELATED PARTY DISCLOSURES

As at the balance sheet date the company was owed £1,990 (2022: £1,990) by DCSS Legal Services Limited. Both companies are under common control.

12. ULTIMATE CONTROLLING PARTY

The controlling party is D C S Steele.