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REGISTERED NUMBER: 05007935 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 October 2024

for

Steeple Associates Limited

Steeple Associates Limited (Registered number: 05007935)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Steeple Associates Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: M I Cave
C M Pickup





SECRETARY: Mrs D Pickup





REGISTERED OFFICE: Unit 3 Aneal Business Centre Cross Green
Leeds
West Yorkshire
LS9 0SG





REGISTERED NUMBER: 05007935 (England and Wales)





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL

Steeple Associates Limited (Registered number: 05007935)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 227,229 168,201
Investments 6 50,000 50,000
277,229 218,201

CURRENT ASSETS
Stocks 7 1,046,740 1,020,442
Debtors 8 869,461 729,841
Cash at bank and in hand 324,634 480,377
2,240,835 2,230,660
CREDITORS
Amounts falling due within one year 9 986,271 931,399
NET CURRENT ASSETS 1,254,564 1,299,261
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,531,793

1,517,462

PROVISIONS FOR LIABILITIES 10 56,626 41,829
NET ASSETS 1,475,167 1,475,633

CAPITAL AND RESERVES
Called up share capital 55,500 55,500
Share premium (450,965 ) (450,965 )
Retained earnings 1,870,632 1,871,098
1,475,167 1,475,633

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

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

The directors acknowledge their 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.

Steeple Associates Limited (Registered number: 05007935)

Balance Sheet - continued
31 October 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by:





C M Pickup - Director


Steeple Associates Limited (Registered number: 05007935)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Steeple Associates 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 Income Statement, 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.

Steeple Associates Limited (Registered number: 05007935)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 181,837
AMORTISATION
At 1 November 2023
and 31 October 2024 181,837
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2023 268,802 244,080 512,882
Additions 26,867 85,856 112,723
At 31 October 2024 295,669 329,936 625,605
DEPRECIATION
At 1 November 2023 189,150 155,531 344,681
Charge for year 23,181 30,514 53,695
At 31 October 2024 212,331 186,045 398,376
NET BOOK VALUE
At 31 October 2024 83,338 143,891 227,229
At 31 October 2023 79,652 88,549 168,201

Steeple Associates Limited (Registered number: 05007935)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2023
and 31 October 2024 50,000
NET BOOK VALUE
At 31 October 2024 50,000
At 31 October 2023 50,000

7. STOCKS
2024 2023
£    £   
Stocks 1,046,740 1,020,442

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 834,052 686,429
Other debtors 2,145 11,143
Prepayments 33,264 32,269
869,461 729,841

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 459,579 493,728
Tax 115,551 122,759
Social security and other taxes 11,716 16,394
VAT 163,077 156,436
Other creditors 85,231 617
Accrued expenses 151,117 141,465
986,271 931,399

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 56,626 41,829

Steeple Associates Limited (Registered number: 05007935)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2023 41,829
Balance at 31 October 2024 41,829

** BALANCE ABOVE AT END OF YEAR RE DEFERRED TAX ON CLIENT SCREEN OF -
DOES NOT AGREE TO CURRENT YEAR TOTAL OF ACCOUNTS PER TB 56,626

PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - BALANCE SHEET ITEMS - PROVISIONS FOR LIABILITIES - MOVEMENT IN PROVISIONS ETC

Please note: a deferred tax asset should be entered as a negative balance (i.e. include a "-" sign)