2022-04-06 2023-04-05 false No description of principal activity Capium Accounts Production 1.1 05196919 bus:FullAccounts 2022-04-06 2023-04-05 05196919 bus:FRS102 2022-04-06 2023-04-05 05196919 bus:AuditExemptWithAccountantsReport 2022-04-06 2023-04-05 05196919 bus:SmallCompaniesRegimeForAccounts 2022-04-06 2023-04-05 05196919 bus:PrivateLimitedCompanyLtd 2022-04-06 2023-04-05 05196919 2022-04-06 2023-04-05 05196919 2023-04-05 05196919 bus:RegisteredOffice 2022-04-06 2023-04-05 05196919 core:WithinOneYear 2023-04-05 05196919 core:AfterOneYear 2023-04-05 05196919 bus:Director1 2022-04-06 2023-04-05 05196919 bus:Director1 2023-04-05 05196919 bus:Director1 2021-04-06 2022-04-05 05196919 2021-04-06 05196919 bus:CompanySecretary1 2022-04-06 2023-04-05 05196919 bus:LeadAgentIfApplicable 2022-04-06 2023-04-05 05196919 2021-04-06 2022-04-05 05196919 2022-04-05 05196919 core:WithinOneYear 2022-04-05 05196919 core:AfterOneYear 2022-04-05 05196919 bus:EntityAccountantsOrAuditors 2021-04-06 2022-04-05 05196919 core:LandBuildings 2022-04-06 2023-04-05 05196919 core:LandBuildings 2023-04-05 05196919 core:LandBuildings 2022-04-05 05196919 core:PlantMachinery 2022-04-06 2023-04-05 05196919 core:PlantMachinery 2023-04-05 05196919 core:PlantMachinery 2022-04-05 05196919 core:MotorCars 2022-04-06 2023-04-05 05196919 core:MotorCars 2023-04-05 05196919 core:MotorCars 2022-04-05 05196919 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-04-05 05196919 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-04-05 05196919 core:NetGoodwill 2022-04-06 2023-04-05 05196919 core:NetGoodwill 2023-04-05 05196919 core:NetGoodwill 2022-04-05 05196919 core:CostValuation core:Non-currentFinancialInstruments 2023-04-05 05196919 core:CostValuation core:Non-currentFinancialInstruments 2022-04-05 05196919 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-04-05 05196919 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-04-05 05196919 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-04-05 05196919 core:Non-currentFinancialInstruments 2023-04-05 05196919 core:Non-currentFinancialInstruments 2022-04-05 05196919 core:ShareCapital 2023-04-05 05196919 core:ShareCapital 2022-04-05 05196919 core:RetainedEarningsAccumulatedLosses 2023-04-05 05196919 core:RetainedEarningsAccumulatedLosses 2022-04-05 05196919 core:ShareCapitalOrdinaryShares 2022-04-06 05196919 core:ShareCapitalOrdinaryShares 2021-04-06 05196919 core:ShareCapitalOrdinaryShares 2022-04-06 2023-04-05 05196919 core:ShareCapitalOrdinaryShares 2021-04-06 2022-04-05 05196919 core:ShareCapitalOrdinaryShares 2023-04-05 05196919 core:ShareCapitalOrdinaryShares 2022-04-05 05196919 core:RetainedEarningsAccumulatedLosses 2022-04-06 05196919 core:RetainedEarningsAccumulatedLosses 2021-04-06 05196919 core:RetainedEarningsAccumulatedLosses 2022-04-06 2023-04-05 05196919 core:RetainedEarningsAccumulatedLosses 2021-04-06 2022-04-05 05196919 core:RetainedEarningsAccumulatedLosses 2023-04-05 05196919 core:RetainedEarningsAccumulatedLosses 2022-04-05 05196919 dpl:Item1 2022-04-06 05196919 dpl:Item1 2023-04-05 05196919 dpl:Item1 2021-04-06 05196919 dpl:Item1 2022-04-05 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 05196919
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 05 April 2023

for

STEPHEN B WELLS LIMITED

Director Stephen Wells
Registered Number 05196919
Registered Office Manor Farm
Burton Fleming
Driffield
East Yorkshire
YO25 3PS
Accountants J W Smith & Co Ltd. - Bridlington
Eaglehurst
12 Quay Road
Bridlington
East Yorkshire
YO15 2AD
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 12,500    12,500 
Tangible fixed assets 4 3,856,267    3,879,488 
3,868,767    3,891,988 
Current assets      
Stocks 5 446,320    274,722 
Debtors 6 224,714    302,830 
Cash at bank and in hand 2,611    3,790 
673,645    581,342 
Creditors: amount falling due within one year 7 (488,594)   (377,936)
Net current assets 185,051    203,406 
 
Total assets less current liabilities 4,053,818    4,095,394 
Creditors: amount falling due after more than one year 8 (3,678,066)   (3,712,239)
Provisions for liabilities 9 (143,300)   (141,368)
Net assets 232,452    241,787 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 232,451    241,786 
Shareholder's funds 232,452    241,787 
 


For the year ended 05 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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 and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 12 October 2023 and were signed by:


-------------------------------
Stephen Wells
Director
2
  Equity share capital   Retained Earnings   Total
£ £ £
At 06 April 2021 1  166,355  166,356 
Profit for the year 105,431  105,431 
Total comprehensive income for the year 105,431  105,431 
Dividends (30,000) (30,000)
Total investments by and distributions to owners (30,000) (30,000)
At 05 April 2022 1  241,786  241,787 
At 06 April 2022 1  241,786  241,787 
Profit for the year 24,665  24,665 
Total comprehensive income for the year 24,665  24,665 
Dividends (34,000) (34,000)
Total investments by and distributions to owners (34,000) (34,000)
At 05 April 2023 1  232,451  232,452 
3
General Information
Stephen B Wells Limited is a private company, limited by shares, registered in England and Wales, registration number 05196919, registration address Manor Farm , Burton Fleming , Driffield , East Yorkshire, YO25 3PS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
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:
Land and Buildings 4% Straight Line
Plant and Machinery 10% Straight Line
Motor Vehicles 25% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees 12


Average number of employees during the year was 12 (2022 : 12).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 06 April 2022 12,500    12,500 
Additions  
Disposals  
At 05 April 2023 12,500    12,500 
Amortisation
At 06 April 2022  
Charge for year  
On disposals  
At 05 April 2023  
Net book values
At 05 April 2023 12,500    12,500 
At 05 April 2022 12,500    12,500 


4.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Motor Vehicles   Total
  £   £   £   £
At 06 April 2022 3,118,003    2,512,432    36,584    5,667,019 
Additions   259,059      259,059 
Disposals   (82,500)     (82,500)
At 05 April 2023 3,118,003    2,688,991    36,584    5,843,578 
Depreciation
At 06 April 2022 126,694    1,660,837      1,787,531 
Charge for year 8,818    251,777    1,060    261,655 
On disposals   (61,875)     (61,875)
At 05 April 2023 135,512    1,850,739    1,060    1,987,311 
Net book values
Closing balance as at 05 April 2023 2,982,491    838,252    35,524    3,856,267 
Opening balance as at 06 April 2022 2,991,309    887,116    1,063    3,879,488 


5.

Stocks

2023
£
  2022
£
Work in Progress 13,651    13,651 
Raw Materials 432,669    261,071 
446,320    274,722 

6.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 136,016    216,061 
Prepayments & Accrued Income 59,214    55,511 
Other Debtors 2,427    2,427 
Directors' Current Accounts 212    8,391 
VAT 26,845    20,440 
224,714    302,830 

7.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 74,648    118,900 
Bank Loans & Overdrafts (Secured) 247,236    141,456 
Corporation Tax   2,980 
PAYE & Social Security   1,979 
Accrued Expenses 66,000    32,000 
Obligations under HP/Financial Leases 100,710    80,621 
488,594    377,936 

8.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts (secured) 3,500,375    3,578,524 
Obligations Under HP/Financial Leases 177,691    133,715 
3,678,066    3,712,239 

9.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 141,368    133,481 
Charged to Profit & Loss 1,932    7,887 
143,300    141,368 

4