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Company Registration No. 10722935 (England and Wales)
Steve Budd Engineering Ltd Unaudited accounts for the year ended 31 March 2024
Steve Budd Engineering Ltd Unaudited accounts Contents
Page
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Steve Budd Engineering Ltd Company Information for the year ended 31 March 2024
Director
Stephen Budd
Company Number
10722935 (England and Wales)
Registered Office
Brightwell Grange Britwell Road Burnham Bucks SL1 8DF United Kingdom
Accountants
Blue Cube Accountants Limited Britwell Grange Britwell Road Burnham SL1 8DF
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Steve Budd Engineering Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
143,582 
134,351 
Creditors: amounts falling due within one year
(14,830)
(17,773)
Net current assets
128,752 
116,578 
Net assets
128,752 
116,578 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
128,751 
116,577 
Shareholders' funds
128,752 
116,578 
For the year ending 31 March 2024 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 8 October 2024 and were signed on its behalf by
Stephen Budd Director Company Registration No. 10722935
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Steve Budd Engineering Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Steve Budd Engineering Ltd is a private company, limited by shares, registered in England and Wales, registration number 10722935. The registered office is Brightwell Grange, Britwell Road, Burnham, Bucks, SL1 8DF, United Kingdom.
2
Accounting policies
Basis of preparation
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates.
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 taxation
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.
3
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
13,166 
15,251 
Loans from directors
44 
1,022 
Accruals
1,620 
1,500 
14,830 
17,773 
4
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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Steve Budd Engineering Ltd Notes to the Accounts for the year ended 31 March 2024
5
Loans to directors
The advances to the director were £36,570 (2023 £36,000) for the year, all advances were repaid during the year.
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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