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Company Registration No. 09163154 (England and Wales)
Steamology Motion Limited Unaudited accounts for the period from 1 September 2025 to 28 February 2026
Steamology Motion Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Steamology Motion Limited Company Information for the period from 1 September 2025 to 28 February 2026
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 Salisbury SP5 1EZ United Kingdom
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Steamology Motion Limited Statement of financial position as at 28 February 2026
2026
2025
Notes
£
£
Current assets
Debtors
5
43,825
153,946
Cash at bank and in hand
186
186
44,011
154,132
Creditors: amounts falling due within one year
6
(191,982)
(207,749)
Net current liabilities
(147,971)
(53,617)
Total assets less current liabilities
(147,971)
(53,617)
Creditors: amounts falling due after more than one year
7
-
(3,333)
Net liabilities
(147,971)
(56,950)
Capital and reserves
Called up share capital
8
261
261
Share premium
149,990
149,990
Profit and loss account
(298,222)
(207,201)
Shareholders' funds
(147,971)
(56,950)
For the period ending 28 February 2026 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 2 April 2026 and were signed on its behalf by
Kirsty Susan Redfern Director Company Registration No. 09163154
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Steamology Motion Limited Notes to the Accounts for the period from 1 September 2025 to 28 February 2026
1
Statutory information
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, Salisbury, SP5 1EZ, United Kingdom.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
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
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.
Financial instruments
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.
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Steamology Motion Limited Notes to the Accounts for the period from 1 September 2025 to 28 February 2026
Going concern
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 2025
33,000
4,722
37,722
At 28 February 2026
33,000
4,722
37,722
Depreciation
At 1 September 2025
33,000
4,722
37,722
At 28 February 2026
33,000
4,722
37,722
Net book value
At 28 February 2026
-
-
-
5
Debtors
2026
2025
£
£
Amounts falling due within one year
VAT
4,486
-
Trade debtors
18,811
47,338
Accrued income and prepayments
20,528
106,608
43,825
153,946
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Steamology Motion Limited Notes to the Accounts for the period from 1 September 2025 to 28 February 2026
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
11,218
29,242
VAT
-
8,900
Trade creditors
17,983
53,661
Taxes and social security
(42,692)
(101,913)
Other creditors
26,119
29,885
Loans from directors
178,393
177,038
Accruals
961
10,936
191,982
207,749
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
-
3,333
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.
8
Share capital
2026
2025
£
£
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 period the average number of employees was 7 (2025: 9).
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