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REGISTERED NUMBER: 07089543 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Stephen J McCulley Ltd

Stephen J McCulley Ltd (Registered number: 07089543)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stephen J McCulley Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTOR: S J McCulley





REGISTERED OFFICE: 7 Lindum Terrace
Lincoln
Lincolnshire
LN2 5RP





REGISTERED NUMBER: 07089543 (England and Wales)





ACCOUNTANTS: Stanbridge Associates Limited
7 Lindum Terrace
Lincoln
Lincolnshire
LN2 5RP

Stephen J McCulley Ltd (Registered number: 07089543)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 44,009 58,678
44,009 58,678

CURRENT ASSETS
Debtors 6 270,579 387,461
Cash at bank 481,941 605,738
752,520 993,199
CREDITORS
Amounts falling due within one year 7 66,206 105,804
NET CURRENT ASSETS 686,314 887,395
TOTAL ASSETS LESS CURRENT
LIABILITIES

730,323

946,073

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 730,220 945,970
SHAREHOLDERS' FUNDS 730,323 946,073

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

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.

Stephen J McCulley Ltd (Registered number: 07089543)

Balance Sheet - continued
31 January 2023


The 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.

The financial statements were approved by the director and authorised for issue on 17 October 2023 and were signed by:





S J McCulley - Director


Stephen J McCulley Ltd (Registered number: 07089543)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Stephen J McCulley Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents trading income accrued during the period shown by these financial statements.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of two years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% Reducing Balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Stephen J McCulley Ltd (Registered number: 07089543)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 563,000
AMORTISATION
At 1 February 2022
and 31 January 2023 563,000
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 202,859
DEPRECIATION
At 1 February 2022 144,181
Charge for year 14,669
At 31 January 2023 158,850
NET BOOK VALUE
At 31 January 2023 44,009
At 31 January 2022 58,678

Stephen J McCulley Ltd (Registered number: 07089543)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 20,464 53,127
Other debtors 205,700 289,919
226,164 343,046

Amounts falling due after more than one year:
Other debtors 44,415 44,415

Aggregate amounts 270,579 387,461

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade creditors - (1 )
Taxation and social security 58,689 100,723
Other creditors 7,517 5,082
66,206 105,804

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director was advanced monies during the financial year and at the end of the year owed £332,700. This amount was repaid in April 2023.