Steelhead_Limited_31_Jan_2026_companies_house_set_of

Steelhead Limited

Statement of Financial Position

31 January 2026

		2026		2025
	Note	£		£
Fixed assets
Tangible assets	5	23		823
Current assets
Debtors	6	(2,781	)	186,896
Cash at bank and in hand		217,202		15,924
		214,421		202,820
Creditors: amounts falling due within one year	7	(124,890	)	(60,606	)
Net current assets		89,531		142,214
Total assets less current liabilities		89,554		143,037
Capital and reserves
Called up share capital		110		100
Profit and loss account		89,444		142,937
Shareholders funds		89,554		143,037

For the year ending

31 January 2026

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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 income statement has not been delivered.

These

financial statements

were approved by the board of directors and authorised for issue on

16 October 2026

, and are signed on behalf of the board by:

P Schmidt

Director

Company registration number:

14617571

Steelhead Limited

Notes to the Financial Statements

Year ended

31 January 2026

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

1 Picton Lane

Swansea

SA1 4AF

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office equipment

33% straight line

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was

(2025:

1.00

5 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 February 2025 and 31 January 2026	2,423
Depreciation
At 1 February 2025	1,600
Charge	800
At 31 January 2026	2,400
Carrying amount
At 31 January 2026	23
At 31 January 2025	823

6 Debtors

	2026		2025
	£		£
Trade debtors	-		36,667
Other debtors	(2,781	)	150,229
	(2,781	)	186,896

7 Creditors: amounts falling due within one year

	2026	2025
	£	£
Taxation and social security	123,190	57,106
Other creditors	1,700	3,500
	124,890	60,606

8 Director's advances, credit and guarantees

Included in other debtors is £2,782 owed to the director from the Company (2024 £150,228 owed by the director to the Company).