Company registration number 06878213 (England and Wales)
STEYNWATERS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
STEYNWATERS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
STEYNWATERS LTD
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
383
Current assets
Cash at bank and in hand
1,208
228
Creditors: amounts falling due within one year
4
(62,306)
(59,507)
Net current liabilities
(61,098)
(59,279)
Total assets less current liabilities
(61,098)
(58,896)
Capital and reserves
Called up share capital
5
2
2
Profit and loss reserves
(61,100)
(58,898)
Total equity
(61,098)
(58,896)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 14 May 2025 and are signed on its behalf by:
Mr G K Sijpesteijn
Director
Company Registration No. 06878213
STEYNWATERS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information
Steynwaters Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Ty- Corner, Llanvihangel Gobion, Abergavenny, Monmouthshire, Wales, NP7 9AY.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer equipment
33% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.3
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
1.4
These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
STEYNWATERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
3
Tangible fixed assets
Computer equipment
£
Cost
At 1 May 2023
12,651
Disposals
(12,651)
At 30 April 2024
Depreciation and impairment
At 1 May 2023
12,268
Depreciation charged in the year
126
Eliminated in respect of disposals
(12,394)
At 30 April 2024
Carrying amount
At 30 April 2024
At 30 April 2023
383
4
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
62,306
59,507
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
2
2
2
2
6
Directors' transactions
The directors operate a current loan account with the company which is debited with payments made by the company on behalf of the directors and credited with funds introduced and undrawn directors' fees. As at the year end, the total amount outstanding to the directors was £61,006 (2023: £55,002), this amount being included in creditors: amounts falling due within one year.