Company Registration No. 13606009 (England and Wales)
Steelbeams.online Ltd
Unaudited accounts
for the year ended 30 September 2023
Steelbeams.online Ltd
Unaudited accounts
Contents
Steelbeams.online Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
70,543
49,693
Cash at bank and in hand
33,052
117,432
Creditors: amounts falling due within one year
(174,239)
(223,563)
Net current assets
196,617
221,874
Total assets less current liabilities
267,161
271,568
Provisions for liabilities
Deferred tax
(17,636)
(12,423)
Net assets
249,525
259,145
Called up share capital
10
10
Profit and loss account
249,515
259,135
Shareholders' funds
249,525
259,145
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 September 2024 and were signed on its behalf by
Alex Chinnock
Director
Company Registration No. 13606009
Steelbeams.online Ltd
Notes to the Accounts
for the year ended 30 September 2023
Steelbeams.online Ltd is a private company, limited by shares, registered in England and Wales, registration number 13606009. The registered office is 2 Bailey Hill, Castle Cary, Somerset, BA7 7AD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25$ Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
33.3% Reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investments in shares are included at fair value.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Steelbeams.online Ltd
Notes to the Accounts
for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2022
16,952
37,490
3,000
2,061
59,503
Additions
32,458
469
-
1,631
34,558
At 30 September 2023
49,410
37,959
3,000
3,692
94,061
At 1 October 2022
650
8,591
-
569
9,810
Charge for the year
4,611
7,342
750
1,005
13,708
At 30 September 2023
5,261
15,933
750
1,574
23,518
At 30 September 2023
44,149
22,026
2,250
2,118
70,543
At 30 September 2022
16,302
28,899
3,000
1,492
49,693
5
Investments
Other investments
Valuation at 1 October 2022
1
Valuation at 30 September 2023
1
Amounts falling due within one year
Trade debtors
126,692
170,767
Accrued income and prepayments
594
861
Other debtors
118,017
81,133
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
38,453
88,115
Taxes and social security
114,426
79,511
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
Steelbeams.online Ltd
Notes to the Accounts
for the year ended 30 September 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan 2
51,163
216,801
149,947
118,017
51,163
216,801
149,947
118,017
Interest is charged on the director's loans at the beneficial loan rate. There are no fixed terms for repayment.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).