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REGISTERED NUMBER: 07434685 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

STEEPGRASS LTD

STEEPGRASS LTD (REGISTERED NUMBER: 07434685)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STEEPGRASS LTD

COMPANY INFORMATION
for the Year Ended 30th November 2023







DIRECTOR: C Clark





REGISTERED OFFICE: Ossington Chambers
6-8 Castle Gate
Newark
NG24 1AX





REGISTERED NUMBER: 07434685 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

STEEPGRASS LTD (REGISTERED NUMBER: 07434685)

BALANCE SHEET
30th November 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,580 46,126

CURRENT ASSETS
Debtors 5 32,428 31,286
Cash at bank 19,749 42,630
52,177 73,916
CREDITORS
Amounts falling due within one year 6 64,471 50,977
NET CURRENT (LIABILITIES)/ASSETS (12,294 ) 22,939
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,286

69,065

PROVISIONS FOR LIABILITIES 7 10,750 8,764
NET ASSETS 33,536 60,301

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 33,535 60,300
SHAREHOLDERS' FUNDS 33,536 60,301

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

STEEPGRASS LTD (REGISTERED NUMBER: 07434685)

BALANCE SHEET - continued
30th November 2023


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 28th November 2024 and were signed by:





C Clark - Director


STEEPGRASS LTD (REGISTERED NUMBER: 07434685)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th November 2023

1. STATUTORY INFORMATION

Steepgrass 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.

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.
Plant and machinery - 20% on reducing balance
Computer equipment - 20% on reducing balance

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 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 1 (2022 - 1 ) .

STEEPGRASS LTD (REGISTERED NUMBER: 07434685)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th November 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st December 2022 124,139 57,336 181,475
Additions 16,403 6,904 23,307
At 30th November 2023 140,542 64,240 204,782
DEPRECIATION
At 1st December 2022 99,335 36,014 135,349
Charge for year 7,319 5,534 12,853
At 30th November 2023 106,654 41,548 148,202
NET BOOK VALUE
At 30th November 2023 33,888 22,692 56,580
At 30th November 2022 24,804 21,322 46,126

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 14,904 8,471
VAT 1,382 -
Accrued income 15,630 22,491
Prepayments 512 324
32,428 31,286

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade creditors 15,090 5,003
Tax 12,508 19,524
Social security and other taxes 320 1,567
Other creditors 18,662 -
Directors' current accounts 73 287
Accrued expenses 17,818 24,596
64,471 50,977

7. PROVISIONS FOR LIABILITIES
30/11/23 30/11/22
£    £   
Deferred tax 10,750 8,764

STEEPGRASS LTD (REGISTERED NUMBER: 07434685)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th November 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st December 2022 8,764
Accelerated capital allowances 1,986
Balance at 30th November 2023 10,750

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/23 30/11/22
value: £    £   
1 Ordinary £1 1 1