REGISTERED NUMBER: |
Report of the Director and |
Unaudited Financial Statements for the Year Ended 28 February 2023 |
for |
Steve's Industries Limited |
REGISTERED NUMBER: |
Report of the Director and |
Unaudited Financial Statements for the Year Ended 28 February 2023 |
for |
Steve's Industries Limited |
Steve's Industries Limited (Registered number: 04566708) |
Contents of the Financial Statements |
for the Year Ended 28 February 2023 |
Page |
Company Information | 1 |
Report of the Director | 2 |
Chartered Accountants' Report | 3 |
Income Statement | 4 |
Statement of Financial Position | 5 |
Notes to the Financial Statements | 6 |
Steve's Industries Limited |
Company Information |
for the Year Ended 28 February 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
32,Diddington Lane |
Hampton in Arden |
Solihull |
West Midlands |
B92 0BZ |
Steve's Industries Limited (Registered number: 04566708) |
Report of the Director |
for the Year Ended 28 February 2023 |
The director presents his report with the financial statements of the company for the year ended 28 February 2023. |
DIRECTOR |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Steve's Industries Limited |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Steve's Industries Limited for the year ended 28 February 2023 which comprise the Income Statement, Statement of Financial Position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the director of Steve's Industries Limited in accordance with the terms of our engagement letter dated 1 December 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Steve's Industries Limited and state those matters that we have agreed to state to the director of Steve's Industries Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Steve's Industries Limited and its director for our work or for this report. |
It is your duty to ensure that Steve's Industries Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Steve's Industries Limited. You consider that Steve's Industries 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 financial statements of Steve's Industries 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 financial statements. |
32,Diddington Lane |
Hampton in Arden |
Solihull |
West Midlands |
B92 0BZ |
Steve's Industries Limited (Registered number: 04566708) |
Income Statement |
for the Year Ended 28 February 2023 |
28.2.23 | 28.2.22 |
Notes | £ | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
29,091 | 8,289 |
Other operating income |
PROFIT BEFORE TAXATION | 4 |
Tax on profit | 5 |
PROFIT FOR THE FINANCIAL YEAR |
Steve's Industries Limited (Registered number: 04566708) |
Statement of Financial Position |
28 February 2023 |
28.2.23 | 28.2.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 7 |
CURRENT ASSETS |
Debtors | 8 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 9 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 10 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Retained earnings | 12 |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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 were approved by the director and authorised for issue on |
Steve's Industries Limited (Registered number: 04566708) |
Notes to the Financial Statements |
for the Year Ended 28 February 2023 |
1. | STATUTORY INFORMATION |
Steve's Industries Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
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 |
Plant and machinery | - |
Motor vehicles | - |
Pension costs and other post-retirement benefits |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | PROFIT BEFORE TAXATION |
The profit is stated after charging: |
28.2.23 | 28.2.22 |
£ | £ |
Depreciation - owned assets |
5. | TAXATION |
Analysis of the tax charge |
The tax charge on the profit for the year was as follows: |
28.2.23 | 28.2.22 |
£ | £ |
Current tax: |
UK corporation tax |
Tax on profit |
6. | DIVIDENDS |
28.2.23 | 28.2.22 |
£ | £ |
Ordinary shares of £1 each |
Final |
Steve's Industries Limited (Registered number: 04566708) |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2023 |
7. | TANGIBLE FIXED ASSETS |
Additions to the Office Building have not been completed at the year end and are included as Freehold Building at a cost to 28 February 2018 of £92,393. |
8. | DEBTORS |
28.2.23 | 28.2.22 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.23 | 28.2.22 |
£ | £ |
Trade creditors |
Tax |
VAT | 1,031 | 5,466 |
Directors' current accounts | 239 | 793 |
10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
28.2.23 | 28.2.22 |
£ | £ |
Other creditors |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 28.2.23 | 28.2.22 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
12. | RESERVES |
Retained |
earnings |
£ |
At 1 March 2022 |
Profit for the year |
Dividends | ( |
) |
No description | (1,262 | ) |
At 28 February 2023 |
Steve's Industries Limited (Registered number: 04566708) |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2023 |
13. | ULTIMATE CONTROLLING PARTY |
The controlling party is S J Hewlett. |
The ultimate controlling party is |