Company Registration No. 7150644 (England and Wales)
Steadman Construction Limited
Unaudited accounts
for the year ended 29 February 2024
Steadman Construction Limited
Unaudited accounts
Contents
Steadman Construction Limited
Company Information
for the year ended 29 February 2024
Company Number
7150644 (England and Wales)
Registered Office
8 Princes Crescent
Skipton
North Yorkshire
BD23 1HH
Accountants
Pearson & Associates
Suite E, Canal Wharf
Eshton Road
Gargrave, Skipton
North Yorkshire
BD23 3SE
Steadman Construction Limited
Statement of financial position
as at 29 February 2024
Tangible assets
7,230
8,691
Cash at bank and in hand
54,095
43,147
Creditors: amounts falling due within one year
(28,294)
(24,720)
Net current assets
70,351
51,517
Called up share capital
2
2
Profit and loss account
77,579
60,206
Shareholders' funds
77,581
60,208
For the year ending 29 February 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 22 October 2024 and were signed on its behalf by
Mr S Steadman
Director
Company Registration No. 7150644
Steadman Construction Limited
Notes to the Accounts
for the year ended 29 February 2024
Steadman Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 7150644. The registered office is 8 Princes Crescent, Skipton, North Yorkshire, BD23 1HH.
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% on reducing balance
Motor vehicles
25% on reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2023
3,007
20,500
23,507
At 29 February 2024
3,724
20,500
24,224
At 1 March 2023
2,279
12,537
14,816
Charge for the year
187
1,991
2,178
At 29 February 2024
2,466
14,528
16,994
At 29 February 2024
1,258
5,972
7,230
At 28 February 2023
728
7,963
8,691
Amounts falling due within one year
Trade debtors
44,550
33,090
Steadman Construction Limited
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
4,599
1,623
Taxes and social security
20,473
21,785
Loans from directors
452
733
7
Transactions with related parties
During the year, total dividends of £32,000 (2023 - £26,000) were paid to the director.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).