Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10192870 Mr Shaun Plunkett Mrs Kelly Heckingbottom-Plunkett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10192870 2023-05-31 10192870 2024-05-31 10192870 2023-06-01 2024-05-31 10192870 frs-core:CurrentFinancialInstruments 2024-05-31 10192870 frs-core:Non-currentFinancialInstruments 2024-05-31 10192870 frs-core:BetweenOneFiveYears 2024-05-31 10192870 frs-core:ComputerEquipment 2024-05-31 10192870 frs-core:ComputerEquipment 2023-06-01 2024-05-31 10192870 frs-core:ComputerEquipment 2023-05-31 10192870 frs-core:FurnitureFittings 2024-05-31 10192870 frs-core:FurnitureFittings 2023-06-01 2024-05-31 10192870 frs-core:FurnitureFittings 2023-05-31 10192870 frs-core:MotorVehicles 2023-06-01 2024-05-31 10192870 frs-core:PlantMachinery 2024-05-31 10192870 frs-core:PlantMachinery 2023-06-01 2024-05-31 10192870 frs-core:PlantMachinery 2023-05-31 10192870 frs-core:WithinOneYear 2024-05-31 10192870 frs-core:ShareCapital 2024-05-31 10192870 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10192870 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10192870 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10192870 frs-bus:SmallEntities 2023-06-01 2024-05-31 10192870 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10192870 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10192870 frs-bus:Director1 2023-06-01 2024-05-31 10192870 frs-bus:Director2 2023-06-01 2024-05-31 10192870 frs-countries:EnglandWales 2023-06-01 2024-05-31 10192870 2022-05-31 10192870 2023-05-31 10192870 2022-06-01 2023-05-31 10192870 frs-core:CurrentFinancialInstruments 2023-05-31 10192870 frs-core:Non-currentFinancialInstruments 2023-05-31 10192870 frs-core:BetweenOneFiveYears 2023-05-31 10192870 frs-core:WithinOneYear 2023-05-31 10192870 frs-core:ShareCapital 2023-05-31 10192870 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10192870
Steel Tech Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Kingfisher Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10192870
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,888 25,430
7,888 25,430
CURRENT ASSETS
Debtors 5 28,536 67,957
Cash at bank and in hand 3,640 4,780
32,176 72,737
Creditors: Amounts Falling Due Within One Year 6 (11,476 ) (12,968 )
NET CURRENT ASSETS (LIABILITIES) 20,700 59,769
TOTAL ASSETS LESS CURRENT LIABILITIES 28,588 85,199
Creditors: Amounts Falling Due After More Than One Year 7 (58,442 ) (104,088 )
NET LIABILITIES (29,854 ) (18,889 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (29,856 ) (18,891 )
SHAREHOLDERS' FUNDS (29,854) (18,889)
Page 1
Page 2
For the year ending 31 May 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Shaun Plunkett
Director
06/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Steel Tech Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10192870 . The registered office is A2 Patrick Tobin Business Park, Bolton Road, Wath upon Dearne, Rotherham, S63 7LL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company inclusive of VAT operated under the flat rate scheme.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on cost
Motor Vehicles 25% on cost
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 70,168 1,000 3,787 74,955
As at 31 May 2024 70,168 1,000 3,787 74,955
Depreciation
As at 1 June 2023 44,738 1,000 3,787 49,525
Provided during the period 17,542 - - 17,542
As at 31 May 2024 62,280 1,000 3,787 67,067
Net Book Value
As at 31 May 2024 7,888 - - 7,888
As at 1 June 2023 25,430 - - 25,430
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,048 7,048
Prepayments and accrued income 8,359 8,359
Other debtors 8,362 8,362
VAT 1,267 688
25,036 24,457
Due after more than one year
Other debtors 3,500 43,500
28,536 67,957
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,912 2,912
Trade creditors (1 ) 20
Bank loans and overdrafts - 352
Corporation tax 8,565 9,684
11,476 12,968
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 22,810 22,810
Bank loans 35,632 81,278
58,442 104,088
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,912 2,912
Later than one year and not later than five years 22,810 22,810
25,722 25,722
25,722 25,722
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5