Company Registration No. 10330376 (England and Wales)
STEELCITUS LTD
Unaudited accounts
for the year ended 31 August 2025
STEELCITUS LTD
Unaudited accounts
Contents
STEELCITUS LTD
Company Information
for the year ended 31 August 2025
Director
Sarunas Norvaisis
Company Number
10330376 (England and Wales)
Registered Office
1st Floor
107 Geroge Lane
London
E18 1AN
United Kingdom
Accountants
Konsus LTD
1st Floor
107 George lane
South Woodford
ESSEX
E18 1AN
STEELCITUS LTD
Statement of financial position
as at 31 August 2025
Tangible assets
323,709
323,709
Cash at bank and in hand
21,691
3,492
Creditors: amounts falling due within one year
(252,937)
(222,720)
Net current liabilities
(231,246)
(215,023)
Total assets less current liabilities
92,463
108,686
Creditors: amounts falling due after more than one year
(96,896)
(140,568)
Net liabilities
(4,433)
(31,882)
Called up share capital
100
100
Profit and loss account
(4,533)
(31,982)
Shareholders' funds
(4,433)
(31,882)
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 director acknowledges his 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 and authorised for issue on 19 May 2026 and were signed on its behalf by
Sarunas Norvaisis
Director
Company Registration No. 10330376
STEELCITUS LTD
Notes to the Accounts
for the year ended 31 August 2025
STEELCITUS LTD is a private company, limited by shares, registered in England and Wales, registration number 10330376. The registered office is 1st Floor, 107 Geroge Lane, London, E18 1AN, 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.
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.
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
Straight line, 20%
Motor vehicles
Straight line, 20%
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
STEELCITUS LTD
Notes to the Accounts
for the year ended 31 August 2025
4
Tangible fixed assets
Land & buildings
At 1 September 2024
323,709
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
22,556
217,514
Loans from directors
1,871
-
7
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
96,896
140,568
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).