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Registered number: 15768378
Steeds Upholstery Ltd
Unaudited Financial Statements
For the Period 7 June 2024 to 30 June 2025
DSCO Ltd
Steeds Upholstery Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—4

Page 1
Steeds Upholstery Ltd
Balance Sheet
As At 30 June 2025
Balance Sheet
Registered number: 15768378

| 30 June 2025
--- | ---
| Notes | £ | £
FIXED ASSETS
Investment Properties | 4 |  | 129,488
|  |  | 129,488
CURRENT ASSETS
Stocks | 5 | 500 |
Cash at bank and in hand |  | 373 |
|  | 873 |
Creditors: Amounts Falling Due Within One Year | 6 | (26,447 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (25,574 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 103,914
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (118,751 )
NET LIABILITIES |  |  | (14,837 )
CAPITAL AND RESERVES
Called up share capital | 9 |  | 1
Profit and Loss Account |  |  | (14,838 )
SHAREHOLDERS' FUNDS |  |  | (14,837)

Page 1
Page 2
Steeds Upholstery Ltd
Balance Sheet (continued)
As At 30 June 2025
For the period ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Miss M Steeds Director
5th March 2026

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Steeds Upholstery Ltd
Notes to the Financial Statements
For the Period 7 June 2024 to 30 June 2025
Notes to the Financial Statements
1. General Information
Steeds Upholstery Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15768378 . The registered office is The Upholstery Room, 61 Fore Street, St Columb Major, Cornwall, TR9 6AJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
4. Investment Property

| 30 June 2025
--- | ---
| £
Fair Value
As at 7 June 2024 | -
Additions | 129,488
As at 30 June 2025 | 129,488

5. Stocks

| 30 June 2025
--- | ---
| £
Stock | 500

Page 3
Page 4
Steeds Upholstery Ltd
Notes to the Financial Statements (continued)
For the Period 7 June 2024 to 30 June 2025
6. Creditors: Amounts Falling Due Within One Year

| 30 June 2025
--- | ---
| £
Secured loan < 1 year | 6,249
Amounts owed to participating interests | 987
Other creditors | 19,211
| 26,447

7. Creditors: Amounts Falling Due After More Than One Year

| 30 June 2025
--- | ---
| £
Secured Loan >2-5 years | 118,751

8. Secured Creditors
Of the creditors the following amounts are secured by fixed charge over the company's freehold property.

| 30 June 2025
--- | ---
| £
Other Creditors | 125,000

9. Share Capital

| 30 June 2025
--- | ---
| £
Allotted, Called up and fully paid | 1

10. Capital Commitments
At the end of the period, the company had capital commitments contracted for but not provided in these financial statements
11. Related Party Transactions
Steeds Consulting Limited
During the year the company maintained an inter-company loan account with Steeds Consulting Limited, who Megan Steeds is Director and Shareholder of.
As at the year end Steeds Upholstery Limited owed Steeds Consutling Limited of £986.75.
12. Going Concern
The company is only able to continue to trade with the confirmed support of its Direcctors, Shareholders and Bankers.
Page 4