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Company Registration No. 13255698 (England and Wales)
STEAK & HONOUR LIMITED Unaudited accounts for the year ended 31 March 2024
STEAK & HONOUR LIMITED Unaudited accounts Contents
Page
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STEAK & HONOUR LIMITED Company Information for the year ended 31 March 2024
Directors
Charlotte McKie-Riethoff Leo Riethoff
Company Number
13255698 (England and Wales)
Registered Office
C/O COLES ACCOUNTING (CAMBRIDGE) LIMITED NEWTON CAMBRIDGE CB22 7ZE ENGLAND
Accountants
Coles Accounting (Cambridge) Limited Newton Hall Town Street, Newton Cambridge Cambridgeshire CB22 7ZE
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STEAK & HONOUR LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
87,911 
110,520 
Current assets
Inventories
8,653 
9,087 
Debtors
64,867 
26,297 
Cash at bank and in hand
54,213 
78,140 
127,733 
113,524 
Creditors: amounts falling due within one year
(102,452)
(123,598)
Net current assets/(liabilities)
25,281 
(10,074)
Total assets less current liabilities
113,192 
100,446 
Creditors: amounts falling due after more than one year
(1,144)
(7,285)
Provisions for liabilities
Deferred tax
(15,548)
(20,999)
Net assets
96,500 
72,162 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
96,499 
72,161 
Shareholders' funds
96,500 
72,162 
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by
Leo Riethoff Director Company Registration No. 13255698
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STEAK & HONOUR LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
STEAK & HONOUR LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13255698. The registered office is C/O COLES ACCOUNTING (CAMBRIDGE) LIMITED, NEWTON, CAMBRIDGE, CB22 7ZE, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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:
Motor vehicles
25% straight line
Fixtures & fittings
33% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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STEAK & HONOUR LIMITED Notes to the Accounts for the year ended 31 March 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
- 
98,696 
50,616 
149,312 
Additions
6,950 
- 
13,093 
20,043 
At 31 March 2024
6,950 
98,696 
63,709 
169,355 
Depreciation
At 1 April 2023
- 
24,674 
14,118 
38,792 
Charge for the year
869 
24,674 
17,109 
42,652 
At 31 March 2024
869 
49,348 
31,227 
81,444 
Net book value
At 31 March 2024
6,081 
49,348 
32,482 
87,911 
At 31 March 2023
- 
74,022 
36,498 
110,520 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
41,621 
2,389 
Accrued income and prepayments
23,246 
23,908 
64,867 
26,297 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
25,566 
36,096 
Obligations under finance leases and hire purchase contracts
6,699 
6,699 
Trade creditors
18,862 
19,269 
Taxes and social security
28,562 
25,400 
Other creditors
16,959 
1,033 
Loans from directors
734 
30,059 
Accruals
5,070 
5,042 
102,452 
123,598 
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STEAK & HONOUR LIMITED Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
1,144 
7,285 
8
Average number of employees
During the year the average number of employees was 13 (2023: 10).
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