Company Registration No. 08283367 (England and Wales)
STEPHAN LIMITED
Unaudited accounts
for the year ended 31 March 2023
STEPHAN LIMITED
Unaudited accounts
Contents
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
STEPHAN LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
147,248
173,482
Cash at bank and in hand
90,303
17,636
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
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
STEPHAN LIMITED
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
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.
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.
The accounts are presented in £ sterling.
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
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
At 31 March 2023
1,301
133,539
12,408
147,248
At 31 March 2022
1,735
162,553
9,194
173,482
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
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
27,500
27,500
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
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Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
15,350
15,300
The bank loan is secured by fixed and floating charges over assets of the company.
STEPHAN LIMITED
Notes to the Accounts
for the year ended 31 March 2023
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).