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REGISTERED NUMBER: 11263141 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

STEEL ACCOUNTANTS LIMITED

STEEL ACCOUNTANTS LIMITED (REGISTERED NUMBER: 11263141)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


STEEL ACCOUNTANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Ms R Steel





REGISTERED OFFICE: Innovation Centre
Highfield Drive
St. Leonards-On-Sea
East Sussex
TN38 9UH





REGISTERED NUMBER: 11263141 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

STEEL ACCOUNTANTS LIMITED (REGISTERED NUMBER: 11263141)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,732 20,716

CURRENT ASSETS
Stocks 5 4,261 -
Debtors 6 5,633 6,605
Cash at bank 43,757 32,790
53,651 39,395
CREDITORS
Amounts falling due within one year 7 26,806 14,961
NET CURRENT ASSETS 26,845 24,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,577

45,150

CREDITORS
Amounts falling due after more than one
year

8

34,319

18,283
NET ASSETS 54,258 26,867

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 54,158 26,767
SHAREHOLDERS' FUNDS 54,258 26,867

STEEL ACCOUNTANTS LIMITED (REGISTERED NUMBER: 11263141)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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

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

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2024 and were signed by:





Ms R Steel - Director


STEEL ACCOUNTANTS LIMITED (REGISTERED NUMBER: 11263141)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Steel Accountants 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

STOCKS
Stocks 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

STEEL ACCOUNTANTS LIMITED (REGISTERED NUMBER: 11263141)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 April 2023 1,055 35,090 4,558 40,703
Additions 250 44,990 1,199 46,439
Disposals - - (1,049 ) (1,049 )
At 31 March 2024 1,305 80,080 4,708 86,093
Depreciation
At 1 April 2023 133 16,814 3,040 19,987
Charge for year 240 4,080 986 5,306
Eliminated on disposal - - (932 ) (932 )
At 31 March 2024 373 20,894 3,094 24,361
Net book value
At 31 March 2024 932 59,186 1,614 61,732
At 31 March 2023 922 18,276 1,518 20,716

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 4,261 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 4,271 5,989
Other debtors 1,362 616
5,633 6,605

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 22,954 3,971
Trade creditors (79 ) 45
Taxation and social security 101 5,176
Other creditors 3,830 5,769
26,806 14,961

STEEL ACCOUNTANTS LIMITED (REGISTERED NUMBER: 11263141)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 34,319 18,283

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
50 Ordinary "A" shares £1 50 50
50 Ordinary "B" shares £1 50 50
100 100