Company registration number 05604360 (England and Wales)
STEEN ASSOCIATES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
STEEN ASSOCIATES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
STEEN ASSOCIATES LIMITED
BALANCE SHEET
AS AT 30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
23,608
26,457
Current assets
Debtors
4
682,210
213,700
Cash at bank and in hand
856,100
890,613
1,538,310
1,104,313
Creditors: amounts falling due within one year
5
(816,046)
(831,432)
Net current assets
722,264
272,881
Total assets less current liabilities
745,872
299,338
Creditors: amounts falling due after more than one year
6
(4,886)
(15,000)
Provisions for liabilities
(5,902)
-
0
Net assets
735,084
284,338
Capital and reserves
Called up share capital
7
20,000
20,000
Profit and loss reserves
715,084
264,338
Total equity
735,084
284,338
STEEN ASSOCIATES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2025
30 June 2025
- 2 -

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 October 2025 and are signed on its behalf by:
Mr J Steen
Director
Company registration number 05604360 (England and Wales)
STEEN ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
1
Accounting policies
Company information

Steen Associates Limited is a private company limited by shares incorporated in England and Wales. The registered office is Kings Parade, Lower Coombe Street, Croydon, Surrey, CR0 1AA.

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 a mounts 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
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.

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% and 33.33% per annum on a straight line basis
Computer equipment
33.33% per annum on a straight line basis

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 at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

STEEN ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

STEEN ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
8
11
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2024
155,093
Additions
9,776
Disposals
(3,700)
Other changes
(260)
At 30 June 2025
160,909
Depreciation and impairment
At 1 July 2024
128,636
Depreciation charged in the year
11,533
Eliminated in respect of disposals
(2,606)
Other changes
(262)
At 30 June 2025
137,301
Carrying amount
At 30 June 2025
23,608
At 30 June 2024
26,457
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
627,190
169,040
Other debtors
12,139
43,808
Prepayments and accrued income
-
0
852
639,329
213,700
STEEN ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
4
Debtors
(Continued)
- 6 -
2025
2024
Amounts falling due after more than one year:
£
£
Deferred tax asset
42,881
-
0
Total debtors
682,210
213,700
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,000
10,000
Trade creditors
90,389
68,037
Corporation tax
557,108
631,618
Other taxation and social security
3,479
13,306
Other creditors
155,070
108,471
816,046
831,432
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
4,886
15,000
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
10,400
10,400
10,400
10,400
Ordinary B shares of £1 each
1,200
1,200
1,200
1,200
Ordinary C shares of £1 each
7,200
7,200
7,200
7,200
Ordinary D shares of £1 each
800
800
800
800
Ordinary E shares of £1 each
200
200
200
200
Ordinary F shares of £1 each
200
200
200
200
20,000
20,000
20,000
20,000
STEEN ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 7 -
8
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
-
0
46,867
9
Related party transactions

At the year end, included in other creditors is a balance of £84,687 (2024: £20,533) due to the directors.

2025-06-30 2024-07-01 false false false 17 October 2025 CCH Software CCH Accounts Production 2025.100 No description of principal activity J Steen J Freimund 05604360 2024-07-01 2025-06-30 05604360 2025-06-30 05604360 2024-06-30 05604360 core:OtherPropertyPlantEquipment 2025-06-30 05604360 core:OtherPropertyPlantEquipment 2024-06-30 05604360 core:ShareCapital 2025-06-30 05604360 core:ShareCapital 2024-06-30 05604360 core:RetainedEarningsAccumulatedLosses 2025-06-30 05604360 core:RetainedEarningsAccumulatedLosses 2024-06-30 05604360 core:ShareCapitalOrdinaryShareClass2 2025-06-30 05604360 core:ShareCapitalOrdinaryShareClass2 2024-06-30 05604360 core:ShareCapitalOrdinaryShareClass3 2025-06-30 05604360 core:ShareCapitalOrdinaryShareClass3 2024-06-30 05604360 core:ShareCapitalOrdinaryShareClass4 2025-06-30 05604360 core:ShareCapitalOrdinaryShareClass4 2024-06-30 05604360 core:ShareCapitalOrdinaryShareClass5 2025-06-30 05604360 core:ShareCapitalOrdinaryShareClass5 2024-06-30 05604360 core:ShareCapitalOrdinaryShares 2025-06-30 05604360 core:ShareCapitalOrdinaryShares 2024-06-30 05604360 bus:Director1 2024-07-01 2025-06-30 05604360 core:FurnitureFittings 2024-07-01 2025-06-30 05604360 core:ComputerEquipment 2024-07-01 2025-06-30 05604360 2023-07-01 2024-06-30 05604360 core:OtherPropertyPlantEquipment 2024-06-30 05604360 core:OtherPropertyPlantEquipment 2024-07-01 2025-06-30 05604360 core:CurrentFinancialInstruments 2025-06-30 05604360 core:CurrentFinancialInstruments 2024-06-30 05604360 core:Non-currentFinancialInstruments 2025-06-30 05604360 core:Non-currentFinancialInstruments 2024-06-30 05604360 bus:OrdinaryShareClass2 2024-07-01 2025-06-30 05604360 bus:OrdinaryShareClass3 2024-07-01 2025-06-30 05604360 bus:OrdinaryShareClass5 2024-07-01 2025-06-30 05604360 bus:OrdinaryShareClass4 2024-07-01 2025-06-30 05604360 bus:OrdinaryShareClass2 2025-06-30 05604360 bus:OrdinaryShareClass2 2024-06-30 05604360 bus:OrdinaryShareClass3 2025-06-30 05604360 bus:OrdinaryShareClass3 2024-06-30 05604360 bus:OrdinaryShareClass4 2025-06-30 05604360 bus:OrdinaryShareClass4 2024-06-30 05604360 bus:OrdinaryShareClass5 2025-06-30 05604360 bus:OrdinaryShareClass5 2024-06-30 05604360 bus:AllOrdinaryShares 2025-06-30 05604360 bus:AllOrdinaryShares 2024-06-30 05604360 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 05604360 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 05604360 bus:FRS102 2024-07-01 2025-06-30 05604360 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 05604360 bus:Director2 2024-07-01 2025-06-30 05604360 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP