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REGISTERED NUMBER: 04566708 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2024

for

Steve's Industries Limited

Steve's Industries Limited (Registered number: 04566708)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Steve's Industries Limited

Company Information
for the Year Ended 28 February 2024







DIRECTOR: S J Hewlett





REGISTERED OFFICE: 30,Blue Lake Road
Dorridge
Solihull
West Midlands
B93 8BJ





REGISTERED NUMBER: 04566708 (England and Wales)





ACCOUNTANTS: SEARLE & CO
32,Diddington Lane
Hampton in Arden
Solihull
West Midlands
B92 0BZ

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Steve's Industries Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Steve's Industries Limited for the year ended 28 February 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Steve's Industries Limited in accordance with the terms of our engagement letter dated 1 December 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Steve's Industries Limited and state those matters that we have agreed to state to the director of Steve's Industries Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Steve's Industries Limited and its director for our work or for this report.

It is your duty to ensure that Steve's Industries Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Steve's Industries Limited. You consider that Steve's Industries Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Steve's Industries Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






SEARLE & CO
32,Diddington Lane
Hampton in Arden
Solihull
West Midlands
B92 0BZ


Date: .............................................

Steve's Industries Limited (Registered number: 04566708)

Statement of Financial Position
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 272,486 263,228

CURRENT ASSETS
Debtors 5 80,082 80,082
Cash at bank - 26,030
80,082 106,112
CREDITORS
Amounts falling due within one year 6 43,595 36,012
NET CURRENT ASSETS 36,487 70,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

308,973

333,328

CREDITORS
Amounts falling due after more than one year 7 (23,941 ) (23,941 )

ACCRUALS AND DEFERRED INCOME 10,000 -
NET ASSETS 295,032 309,387

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 294,932 309,287
SHAREHOLDERS' FUNDS 295,032 309,387

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 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.

Steve's Industries Limited (Registered number: 04566708)

Statement of Financial Position - continued
28 February 2024


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 7 August 2024 and were signed by:





S J Hewlett - Director


Steve's Industries Limited (Registered number: 04566708)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Steve's Industries 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Motor vehicles - 20% on reducing balance

Pension costs and other post-retirement benefits

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS

Additions to the Office Building have not been completed at the year end and are included as Freehold Building at a cost to 28 February 2018 of £92,393.

5. DEBTORS
28.2.24 28.2.23
£    £   
Amounts falling due within one year:
Trade debtors 71,713 71,713
Other debtors 1,479 1,479
73,192 73,192

Amounts falling due after more than one year:
Other debtors 6,890 6,890

Aggregate amounts 80,082 80,082

Steve's Industries Limited (Registered number: 04566708)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans and overdrafts (see note 8) 2,970 -
Trade creditors 33,103 33,103
Tax 5,639 1,639
VAT 1,031 1,031
Directors' current accounts 852 239
43,595 36,012

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.24 28.2.23
£    £   
Other creditors 23,941 23,941

8. LOANS

An analysis of the maturity of loans is given below:

28.2.24 28.2.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 2,970 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 March 2023 309,287
Profit for the year 10,645
Dividends (25,000 )
At 28 February 2024 294,932

11. ULTIMATE CONTROLLING PARTY

The controlling party is S J Hewlett.

The ultimate controlling party is S J Hewlett.