Stele Structures Limited 28/02/2025 iXBRL

Company registration number: 08911123

Stele Structures Limited

Unaudited filleted financial statements

28 February 2025

Stele Structures Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Stele Structures Limited

Directors and other information


	Director	Mr Paul Rodgers


	Secretary	Mrs Ceri Rodgers


	Company number	08911123


	Registered office	8 Waterfall Close
		Norton
		Sheffield
		South Yorkshire
		S8 8AE


	Business address	8 Waterfall Close
		Norton
		Sheffield
		South Yorkshire
		S8 8AE


	Accountants	Henry Bramall & Co Limited
		Unit 8 Acorn Business Park
		Woodseats Close
		Sheffield
		S8 0TB

Stele Structures Limited

Report to the director on the preparation of the

unaudited statutory financial statements of Stele Structures Limited

Year ended 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stele Structures Limited for the year ended 28 February 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the director of Stele Structures Limited, as a body, in accordance with the terms of our engagement letter dated 21 November 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Stele Structures Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stele Structures Limited and its director as a body for our work or for this report.

It is your duty to ensure that Stele Structures Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Stele Structures Limited. You consider that Stele Structures Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Stele Structures Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Henry Bramall & Co Limited

Chartered Certified Accountants

Unit 8 Acorn Business Park

Woodseats Close

Sheffield

S8 0TB

4 November 2025

Stele Structures Limited

Statement of financial position

28 February 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	414,380		428,480
Investments	6	5,219		5,219
		_______		_______
			419,599		433,699

Current assets
Debtors	7	847,266		825,778
Cash at bank and in hand		163,650		254,421
		_______		_______
		1,010,916		1,080,199
Creditors: amounts falling due
within one year	8	( 235,369)		( 252,968)
		_______		_______
Net current assets			775,547		827,231
			_______		_______
Total assets less current liabilities			1,195,146		1,260,930

Creditors: amounts falling due
after more than one year	9		( 47,088)		( 76,771)

Provisions for liabilities			( 78,891)		( 80,770)

			_______		_______
Net assets			1,069,167		1,103,389
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			1,069,067		1,103,289
			_______		_______
Shareholders funds			1,069,167		1,103,389
			_______		_______

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- 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;

- The director acknowledges their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 04 November 2025 , and are signed on behalf of the board by:

Mr Paul Rodgers

Director

Company registration number: 08911123

Stele Structures Limited

Notes to the financial statements

Year ended 28 February 2025

1. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

2. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	15 %	straight line
Fittings fixtures and equipment	-	25 %	straight line
Motor vehicles	-	20 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2024: 10 ).

4. Dividends

Equity dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year)	130,000	130,000
	_______	_______

5. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 29 February 2024	729,205	64,796	257,834	1,051,835
Additions	73,200	930	144,571	218,701
Disposals	( 27,000)	-	( 85,995)	( 112,995)
	_______	_______	_______	_______
At 28 February 2025	775,405	65,726	316,410	1,157,541
	_______	_______	_______	_______
Depreciation
At 29 February 2024	449,649	55,598	118,109	623,356
Charge for the year	100,883	4,023	47,715	152,621
Disposals	( 19,936)	-	( 12,880)	( 32,816)
	_______	_______	_______	_______
At 28 February 2025	530,596	59,621	152,944	743,161
	_______	_______	_______	_______
Carrying amount
At 28 February 2025	244,809	6,105	163,466	414,380
	_______	_______	_______	_______
At 28 February 2024	279,556	9,198	139,725	428,479
	_______	_______	_______	_______

6. Investments

	Other investments other than loans	Total
	£	£
Cost
At 29 February 2024 and 28 February 2025	5,219	5,219
	_______	_______
Impairment
At 29 February 2024 and 28 February 2025	-	-
	_______	_______
Carrying amount
At 28 February 2025	5,219	5,219
	_______	_______
At 28 February 2024	5,219	5,219
	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	295,030	280,199
Other debtors	552,236	545,579
	_______	_______
	847,266	825,778
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	36,635	10,000
Trade creditors	69,968	44,186
Corporation tax	36,716	75,000
Social security and other taxes	6,408	8,432
Other creditors	85,642	115,350
	_______	_______
	235,369	252,968
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	9,158	13,149
Other creditors	37,930	63,622
	_______	_______
	47,088	76,771
	_______	_______

10. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Paul Rodgers	36,416	77,836	( 85,020)	29,232
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Paul Rodgers	21,791	99,645	( 85,020)	36,416
		_______	_______	_______	_______

Initial overdrawn balance repaid in the year. Existing overdrawn DLA was repaid on 6th April 2025 by a dividend declaration of £70,000

11. Controlling party

The company is under control of the Mr P Rodgers, the sole director and majority shareholder.