Company registration number 09046574 (England and Wales)
STEADMAN ENGINEERING SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
STEADMAN ENGINEERING SERVICES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
STEADMAN ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 09046574)
BALANCE SHEET
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
38,484
48,105
Current assets
Debtors
4
12,286
14,533
Cash at bank and in hand
78,651
70,357
90,937
84,890
Creditors: amounts falling due within one year
5
(8,572)
(15,850)
Net current assets
82,365
69,040
Total assets less current liabilities
120,849
117,145
Provisions for liabilities
(7,312)
(9,140)
Net assets
113,537
108,005
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
113,437
107,905
Total equity
113,537
108,005
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 31 May 2025 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.
STEADMAN ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 09046574)
BALANCE SHEET (CONTINUED)
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 11 August 2025 and are signed on its behalf by:
Mr D Steadman
Director
STEADMAN ENGINEERING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 3 -
1
Accounting policies
Company information
Steadman Engineering Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19/21 Swan Street, West Malling, Kent, ME19 6JU.
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 £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover represents net invoiced sales of services, excluding value added tax. Turnover from consultancy services are recognised in the period it pertains to based on pre-agreed rates.
1.4
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:
Fixtures, fittings & equipment
20% on reducing balance
Computer equipment
20% on reducing balance
Motor vehicles
20% 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.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
STEADMAN ENGINEERING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 June 2024 and 31 May 2025
388
3,552
57,319
61,259
Depreciation and impairment
At 1 June 2024
19
1,570
11,565
13,154
Depreciation charged in the year
74
396
9,151
9,621
At 31 May 2025
93
1,966
20,716
22,775
Carrying amount
At 31 May 2025
295
1,586
36,603
38,484
At 31 May 2024
369
1,982
45,754
48,105
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
11,156
13,045
Other debtors
1,130
1,488
12,286
14,533
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
4,820
10,716
Other creditors
3,752
5,134
8,572
15,850