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REGISTERED NUMBER: 10534641 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Steon Holdings Ltd

Steon Holdings Ltd (Registered number: 10534641)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Steon Holdings Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: N J Walton
Mrs L Walton





REGISTERED OFFICE: Bridgewater Court
Network 65 Business Park
Burnley
Lancashire
BB11 5ST





REGISTERED NUMBER: 10534641 (England and Wales)





ACCOUNTANTS: Xeinadin
Ground Floor
Citygate
Longridge Road
Preston
Lancashire
PR2 5BQ

Steon Holdings Ltd (Registered number: 10534641)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 149 198
Tangible assets 5 390,750 399,750
Investments 6 3,000 3,000
393,899 402,948

CURRENT ASSETS
Debtors 7 117,133 43,489
Cash at bank 597,777 573,132
714,910 616,621
CREDITORS
Amounts falling due within one year 8 39,139 26,795
NET CURRENT ASSETS 675,771 589,826
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,069,670

992,774

ACCRUALS AND DEFERRED INCOME 26,013 26,544
NET ASSETS 1,043,657 966,230

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 1,040,657 963,230
SHAREHOLDERS' FUNDS 1,043,657 966,230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Steon Holdings Ltd (Registered number: 10534641)

Balance Sheet - continued
31 January 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 Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:





N J Walton - Director


Steon Holdings Ltd (Registered number: 10534641)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Steon Holdings Ltd 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.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

3. EMPLOYEES AND DIRECTORS

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

Steon Holdings Ltd (Registered number: 10534641)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023
and 31 January 2024 511
AMORTISATION
At 1 February 2023 313
Charge for year 49
At 31 January 2024 362
NET BOOK VALUE
At 31 January 2024 149
At 31 January 2023 198

5. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 February 2023
and 31 January 2024 450,000
DEPRECIATION
At 1 February 2023 50,250
Charge for year 9,000
At 31 January 2024 59,250
NET BOOK VALUE
At 31 January 2024 390,750
At 31 January 2023 399,750

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 3,000
NET BOOK VALUE
At 31 January 2024 3,000
At 31 January 2023 3,000

Steon Holdings Ltd (Registered number: 10534641)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors (1 ) -
Directors' current accounts 89,203 -
Tax 4,982 -
94,184 -

Amounts falling due after more than one year:
Other debtors 22,949 43,489

Aggregate amounts 117,133 43,489

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,007 -
Tax 32,145 21,465
VAT 5,062 5,330
Accrued expenses 925 -
39,139 26,795

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the 31 January 2024 the director had borrowed an amount of £89,203 from the company. Since the end of the financial year the director has made a net repayment of £74,441 leaving a balance outstanding of £14,762 at the date of signing the accounts.