REGISTERED NUMBER: 12302442 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

STEELE ROSE LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Intangible assets

4

2,613

4,552

Tangible assets

5

7,728

8,243

10,341

12,795

CURRENT ASSETS

Debtors

6

167,674

67,283

Cash at bank and in hand

190,481

59,905

358,155

127,188

CREDITORS

Amounts falling due within one year

7

206,735

64,595

NET CURRENT ASSETS

151,420

62,593

TOTAL ASSETS LESS CURRENT LIABILITIES

161,761

75,388

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

161,760

75,387

SHAREHOLDERS' FUNDS

161,761

75,388

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2026 and were signed on its behalf by:

Mr D B Steele - Director

1.	STATUTORY INFORMATION

Steele Rose Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

12302442

Registered office:

7-9 Deans Farm

Stratford Sub Castle

Salisbury

Wiltshire

SP1 3YP

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. Amortisation is calculated, using the straight-line method, to allocate the depreciable amount of the assets to their residual values over their estimated useful lives, as follows:

Website development - 3 years

Tangible assets

Tangible assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset plus costs attributable to bringing the asset to its working condition for its intended use. Depreciation is charged from the time when tangible assets are brought into use and is calculated so as to write off the cost of fixed assets, less their estimated residual values, over the expected useful economic lives of the assets concerned. The principal annual rates used for this purpose are as follows:

Plant and machinery etc - straight line over 3 - 5 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 12 ) .

4.	INTANGIBLE ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

25,997

AMORTISATION

At 1 April 2024

21,445

Charge for year

1,939

At 31 March 2025

23,384

NET BOOK VALUE

At 31 March 2025

2,613

At 31 March 2024

4,552

5.	TANGIBLE ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

25,397

Additions

3,476

At 31 March 2025

28,873

DEPRECIATION

At 1 April 2024

17,154

Charge for year

3,991

At 31 March 2025

21,145

NET BOOK VALUE

At 31 March 2025

7,728

At 31 March 2024

8,243

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

167,674

67,283

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

7,423

6,567

Taxation and social security

189,932

52,236

Other creditors

9,380

5,792

206,735

64,595

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

9.	OTHER FINANCIAL COMMITMENTS

At 31 March 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £117,475 (2024 - £9,919).

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr D B Steele

Balance outstanding at start of year

28,310

-

Amounts advanced

2,937

28,310

Amounts repaid

(31,247

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

28,310

Miss S L Griffin

Balance outstanding at start of year

-

-

Amounts advanced

20,237

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

20,237

-

Mr D Steele

Balance outstanding at start of year

-

-

Amounts advanced

20,237

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

20,237

-

Interest of £563 (2024 - £180) was charged at HM Revenue and Customs' official rate of interest on any beneficial overdrawn loan account by the company.

The above loans are unsecured and repayable on demand.

11.	RELATED PARTY DISCLOSURES