M Steele Limited - Accounts

M Steele Limited
Contents Page
For the year ended 31 July 2026

Accountants' Report	1
Statement of Financial Position	2
Notes to the Financial Statements	3

M Steele Limited Accountants' Report For the year ended 31 July 2026
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts M Steele Limited for the year ended 31 July 2026. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of M Steele Limited for the year ended 31 July 2026 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com. This report is made solely to the Board of Directors of M Steele Limited , as a body, in accordance with the terms of our engagement letter dated 04 November 2026. Our work has been undertaken solely to prepare for your approval the accounts of M Steele Limited and state those matters that we have agreed to state to the Board of Directors of M Steele Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M Steele Limited and its Board of Directors as a body for our work or for this report. It is your duty to ensure that M Steele Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit M Steele Limited. You consider that M Steele Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of M Steele Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. .................................................... T & K Accounting Group 69 Banstead Road Carshalton SM5 3NP 04 November 2026 1

M Steele Limited
Accountants' Report
For the year ended 31 July 2026

Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts M Steele Limited for the year ended 31 July 2026.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of M Steele Limited for the year ended 31 July 2026 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the Board of Directors of M Steele Limited , as a body, in accordance with the terms of our engagement letter dated 04 November 2026. Our work has been undertaken solely to prepare for your approval the accounts of M Steele Limited and state those matters that we have agreed to state to the Board of Directors of M Steele Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M Steele Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that M Steele Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit M Steele Limited. You consider that M Steele Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of M Steele Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

....................................................

T & K Accounting Group
69 Banstead Road
Carshalton
SM5 3NP
04 November 2026

1

M Steele Limited
Statement of Financial Position
As at 31 July 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	103,029	100,507
		103,029	100,507
Current assets
Debtors		47,905	48,334
Cash at bank and in hand		70,699	43,853
		118,604	92,187
Creditors: amount falling due within one year		(50,360)	(48,197)
Net current assets		68,244	43,990

Total assets less current liabilities		171,273	144,497
Creditors: amount falling due after more than one year		(96,778)	(81,125)
Net assets		74,495	63,372

Capital and reserves
Called up share capital		100	100
Profit and loss account		74,395	63,272
Shareholders' funds		74,495	63,372

For the year ended 31 July 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 accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 04 November 2026 and were signed by:

-------------------------------
Mrs Megan Steele
Director

2

M Steele Limited
Notes to the Abridged Financial Statements
For the year ended 31 July 2026

General Information

M Steele Limited is a private company, limited by shares, registered in England and Wales, registration number SC739142, registration address 6 Summervale Avenue, ANNAN DUMFRIESSHIRE, Annan, Dumfriesshire, DG12 6EZ.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Fixtures and Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

2.	Average number of employees Average number of employees during the period was 2 (2025 : 2).

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Fixtures and Fittings	Computer Equipment	Investment properties	Total
	£	£	£	£	£
At 01 August 2025	-	1,920	1,499	98,098	101,517
Additions	550	1,135	2,181	-	3,866
Disposals	-	-	-	-	-
At 31 July 2026	550	3,055	3,680	98,098	105,383
Depreciation
At 01 August 2025	-	804	206	-	1,010
Charge for year	126	491	727	-	1,344
On disposals	-	-	-	-	-
At 31 July 2026	126	1,295	933	-	2,354
Net book values
Closing balance as at 31 July 2026	424	1,760	2,747	98,098	103,029
Opening balance as at 01 August 2025	-	1,116	1,293	98,098	100,507

4.

Related parties

During the year the company entered into the following transactions with related parties:

	Transaction value - income/(expenses)				Balance owed by/(owed to)
	2026 £		2025 £		2026 £		2025 £
PM Properties and Development Ltd	(572)		(2,967)		41,530		40,959

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