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REGISTERED NUMBER: 07778384 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Steve M Distribution Limited

Steve M Distribution Limited (Registered number: 07778384)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Steve M Distribution Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: S P Mutton





REGISTERED OFFICE: 25 Beaufoy Close
Shaftesbury
Dorset
SP7 8PT





REGISTERED NUMBER: 07778384 (England and Wales)





ACCOUNTANTS: Nicola Brookes
Chartered Accountant
Mole End
Shorts Green Lane
Motcombe
Dorset
SP7 9PA

Steve M Distribution Limited (Registered number: 07778384)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,506 30,007

CURRENT ASSETS
Debtors 5 1,152 4,387
Cash at bank 18,289 15,293
19,441 19,680
CREDITORS
Amounts falling due within one year 6 11,780 13,246
NET CURRENT ASSETS 7,661 6,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,167

36,441

CREDITORS
Amounts falling due after more than one
year

7

-

(4,462

)

PROVISIONS FOR LIABILITIES (4,276 ) (5,701 )
NET ASSETS 25,891 26,278

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 25,791 26,178
SHAREHOLDERS' FUNDS 25,891 26,278

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 M Distribution Limited (Registered number: 07778384)

Balance Sheet - continued
30 September 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 18 October 2024 and were signed by:





S P Mutton - Director


Steve M Distribution Limited (Registered number: 07778384)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Steve M Distribution 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

Steve M Distribution Limited (Registered number: 07778384)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 40,555
DEPRECIATION
At 1 October 2023 10,548
Charge for year 7,501
At 30 September 2024 18,049
NET BOOK VALUE
At 30 September 2024 22,506
At 30 September 2023 30,007

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023 40,010
Transfer to ownership (40,010 )
At 30 September 2024 -
DEPRECIATION
At 1 October 2023 10,003
Transfer to ownership (10,003 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 30,007

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,152 2,532
Other debtors - 1,855
1,152 4,387

Steve M Distribution Limited (Registered number: 07778384)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts - 4,119
Taxation and social security 3,900 1,476
Other creditors 7,880 7,651
11,780 13,246

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts - 4,462

8. RELATED PARTY DISCLOSURES

The controlling party is S P Mutton.