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Company Registration No. 08283367 (England and Wales)
STEPHAN LIMITED Unaudited accounts for the year ended 31 March 2023
STEPHAN LIMITED Unaudited accounts Contents
Page
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STEPHAN LIMITED Company Information for the year ended 31 March 2023
Directors
TAGHIZADEH Simone TAGHIZADEH Siamak
Company Number
08283367 (England and Wales)
Registered Office
586-588 Wimborne Road Bournemouth BH9 2ER
Accountants
B W Capital Ltd Chartered Certified Accountants Unit 3 South East Sector, Hurn Christchurch BH23 6SE
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STEPHAN LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
147,248 
173,482 
Current assets
Inventories
6,007 
4,907 
Debtors
533,071 
588,992 
Cash at bank and in hand
90,303 
17,636 
629,381 
611,535 
Creditors: amounts falling due within one year
(280,033)
(230,099)
Net current assets
349,348 
381,436 
Total assets less current liabilities
496,596 
554,918 
Creditors: amounts falling due after more than one year
(110,350)
(137,800)
Net assets
386,246 
417,118 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
386,146 
417,018 
Shareholders' funds
386,246 
417,118 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by
TAGHIZADEH Siamak Director Company Registration No. 08283367
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STEPHAN LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
STEPHAN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08283367. The registered office is 586-588 Wimborne Road, Bournemouth, BH9 2ER.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Presentation currency
The accounts are presented in £ sterling.
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STEPHAN LIMITED Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
12,000 
353,478 
21,735 
387,213 
Additions
- 
12,402 
7,350 
19,752 
At 31 March 2023
12,000 
365,880 
29,085 
406,965 
Depreciation
At 1 April 2022
10,265 
190,925 
12,541 
213,731 
Charge for the year
434 
41,416 
4,136 
45,986 
At 31 March 2023
10,699 
232,341 
16,677 
259,717 
Net book value
At 31 March 2023
1,301 
133,539 
12,408 
147,248 
At 31 March 2022
1,735 
162,553 
9,194 
173,482 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
10,523 
1,015 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
522,548 
587,977 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
27,500 
27,500 
VAT
28,788 
20,390 
Trade creditors
76,529 
30,012 
Taxes and social security
28,683 
65,869 
Proposed dividends
7,498 
- 
Other creditors
8,475 
29,119 
Loans from directors
65,331 
27,639 
Accruals
27,351 
29,570 
Deferred income
9,878 
- 
280,033 
230,099 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
95,000 
122,500 
Amounts owed to group undertakings and other participating interests
15,350 
15,300 
110,350 
137,800 
The bank loan is secured by fixed and floating charges over assets of the company.
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STEPHAN LIMITED Notes to the Accounts for the year ended 31 March 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
During the year the company paid dividends totalling £.. The company loaned £522,548 (2022 £587,977) to the related party. Interest at the market rate was charged.
10
Average number of employees
During the year the average number of employees was 24 (2022: 22).
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