Company Registration No. 09163154 (England and Wales)
Steamology Motion Limited
Unaudited accounts
for the year ended 31 August 2025
Steamology Motion Limited
Unaudited accounts
Contents
Steamology Motion Limited
Company Information
for the year ended 31 August 2025
Directors
Kirsty Susan Redfern
Matthew Spencer Jaynes Candy
Jeremy Henry Arthur Bliss
Company Number
09163154 (England and Wales)
Registered Office
The Boiler House
Unit 19 Dean Hill Park
West Dean
Nr Salisbury
SP5 1EZ
Steamology Motion Limited
Statement of financial position
as at 31 August 2025
Cash at bank and in hand
186
186
Creditors: amounts falling due within one year
(207,749)
(225,286)
Net current liabilities
(53,617)
(99,355)
Total assets less current liabilities
(53,617)
(95,955)
Creditors: amounts falling due after more than one year
(3,333)
(10,000)
Net liabilities
(56,950)
(105,955)
Called up share capital
261
261
Share premium
149,990
149,990
Profit and loss account
(207,201)
(256,206)
Shareholders' funds
(56,950)
(105,955)
For the year ending 31 August 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by
Kirsty Susan Redfern
Director
Company Registration No. 09163154
Steamology Motion Limited
Notes to the Accounts
for the year ended 31 August 2025
Steamology Motion Limited is a private company, limited by shares, registered in England and Wales, registration number 09163154. The registered office is The Boiler House, Unit 19 Dean Hill Park, West Dean, Nr Salisbury, SP5 1EZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years straight line
Computer equipment
3 years straight line
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Steamology Motion Limited
Notes to the Accounts
for the year ended 31 August 2025
These accounts have been prepared on a going concern basis on the assumption that the directors and shareholders will continue to support the Company through its research and development phase.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. it also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the directors have made the following judgements:
Determine whether there are indicators of impairment of the company's tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.
Other key sources of estimation uncertainty:
Tangible fixed assets (note 4)
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2024
33,000
4,722
37,722
At 31 August 2025
33,000
4,722
37,722
At 1 September 2024
29,700
4,622
34,322
Charge for the year
3,300
100
3,400
At 31 August 2025
33,000
4,722
37,722
At 31 August 2024
3,300
100
3,400
Amounts falling due within one year
Trade debtors
47,338
36,338
Accrued income and prepayments
106,608
89,407
Steamology Motion Limited
Notes to the Accounts
for the year ended 31 August 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
29,242
26,527
Trade creditors
53,661
72,315
Taxes and social security
(101,913)
(98,462)
Other creditors
29,885
39,395
Loans from directors
177,038
171,120
7
Creditors: amounts falling due after more than one year
2025
2024
The company has entered into a coronavirus bounce back loan agreement for a facility of £50,000 which was fully drawn down in 2021. The loan bears interest at 2.5% pa. The loan is unsecured and repayable in monthly instalments from 20 September 2021, with the final instalment due on 20 September 2026.
Allotted, called up and fully paid:
261,779 Ordinary shares of £0.001 each
261.77
261.77
9
Average number of employees
During the year the average number of employees was 9 (2024: 9).