Steam Powered Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 02691109

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		237,572		359,708

			237,572		359,708
CURRENT ASSETS
Debtors	5	6,206		6,000
Cash at bank and in hand		1,254		14,137

		7,460		20,137
Creditors: Amounts Falling Due Within One Year	6	(1,332,238 )		(1,268,215 )

NET CURRENT ASSETS (LIABILITIES)			(1,324,778 )		(1,248,078 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,087,206 )		(888,370 )

NET LIABILITIES			(1,087,206 )		(888,370 )

CAPITAL AND RESERVES
Called up share capital	7		12,000		12,000
Profit and Loss Account			(1,099,206 )		(900,370 )

SHAREHOLDERS' FUNDS			(1,087,206)		(888,370)

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Steam Powered Services Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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 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.

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

Mr P Best

Director

30 June 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Steam Powered Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02691109 . The registered office is 60 High Street, Avening, Tetbury, Gloucestershire, GL8 8NF.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.2. Going Concern Disclosure

The director continues to support the company and plans to do so for the foreseeable future. The financial statements have therefore been prepared on a going concern basis.

2.3. 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.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10% Straight line
Computer Equipment	33.33% Straight line

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Steam Powered Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.5. Foreign Currencies

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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	1,086,995	722	1,087,717
Additions	8,499	538	9,037
Disposals	(320,657 )	(722 )	(321,379 )

As at 31 March 2026	774,837	538	775,375

Depreciation
As at 1 April 2025	727,287	722	728,009
Provided during the period	69,577	74	69,651
Disposals	(259,135 )	(722 )	(259,857 )

As at 31 March 2026	537,729	74	537,803

Net Book Value
As at 31 March 2026	237,108	464	237,572

As at 1 April 2025	359,708	-	359,708

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	137	1,958
Prepayments and accrued income	4,432	4,042
VAT	1,637	-

	6,206	6,000

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Steam Powered Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	3,925	-
Other taxes and social security	-	968
VAT	-	767
Accruals and deferred income	1,878	1,145
Director's loan account	1,326,435	1,265,335

	1,332,238	1,268,215

7. Share Capital

	2026	2025
Allotted, called up but not fully paid	£	£
12,000 Ordinary Shares of £ 1.00 each	12,000	12,000

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