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REGISTERED NUMBER: 01012454 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Steon Limited

Steon Limited (Registered number: 01012454)






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 Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: N J Walton
L Walton
G Ramsbottom



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



REGISTERED NUMBER: 01012454 (England and Wales)



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



BANKERS: HSBC Bank
60 Church Street
Blackburn
Lancashire
BB1 5AS

Steon Limited (Registered number: 01012454)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 169,387 234,304
Investments 5 518,119 518,901
687,506 753,205

CURRENT ASSETS
Inventories 6 188,067 135,218
Debtors 7 290,149 367,025
Cash at bank and in hand 773,000 818,396
1,251,216 1,320,639
CREDITORS
Amounts falling due within one year 8 205,246 329,073
NET CURRENT ASSETS 1,045,970 991,566
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,733,476

1,744,771

PROVISIONS FOR LIABILITIES 9 (41,794 ) (43,136 )

ACCRUALS AND DEFERRED INCOME (4,208 ) (4,761 )
NET ASSETS 1,687,474 1,696,874

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 1,684,474 1,693,874
SHAREHOLDERS' FUNDS 1,687,474 1,696,874

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 Limited (Registered number: 01012454)

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 Limited (Registered number: 01012454)

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

1. STATUTORY INFORMATION

Steon 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
Revenue 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Steon Limited (Registered number: 01012454)

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

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 17 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 153,559 182,840 244,290 137,816 718,505
Additions - 660 29,000 890 30,550
Disposals (662 ) - (102,827 ) - (103,489 )
At 31 January 2024 152,897 183,500 170,463 138,706 645,566
DEPRECIATION
At 1 February 2023 90,160 175,311 97,616 121,114 484,201
Charge for year 15,845 2,006 36,197 4,375 58,423
Eliminated on disposal (606 ) - (65,839 ) - (66,445 )
At 31 January 2024 105,399 177,317 67,974 125,489 476,179
NET BOOK VALUE
At 31 January 2024 47,498 6,183 102,489 13,217 169,387
At 31 January 2023 63,399 7,529 146,674 16,702 234,304

Steon Limited (Registered number: 01012454)

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

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 February 2023 33,645
Transfer to ownership (33,645 )
At 31 January 2024 -
DEPRECIATION
At 1 February 2023 28,405
Transfer to ownership (28,405 )
At 31 January 2024 -
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 5,240

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other investments b/f 18,119 18,901
Additions 500,000 500,000
518,119 518,901

6. INVENTORIES
2024 2023
£    £   
Raw materials,consumables,work in
progress,finished goods & goods for resale

188,067

135,218

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 223,211 325,249
Other debtors 46,262 28,279
Prepayments and accrued income 20,676 13,497
290,149 367,025

Steon Limited (Registered number: 01012454)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 1
Trade creditors 64,356 110,402
Tax 39,774 -
Social security and other taxes 65,392 109,637
Other creditors 434 3,731
Directors' current accounts 10,685 36,569
Accrued expenses 23,202 66,013
Deferred government grants 1,403 2,720
205,246 329,073

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 41,794 43,136

Deferred
tax
£   
Balance at 1 February 2023 43,136
Movement (1,342 )
Balance at 31 January 2024 41,794