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REGISTERED NUMBER: 05919604 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

T & D Stevenson Ltd

T & D Stevenson Ltd (Registered number: 05919604)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T & D Stevenson Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: T D Stevenson
Ms D Stevenson





SECRETARY: Ms D Stevenson





REGISTERED OFFICE: Unit 3 Portland Farm
Buckholes Lane
Higher Wheelton
Chorley
PR6 8JL





REGISTERED NUMBER: 05919604 (England and Wales)





ACCOUNTANTS: Lucas Reis Ltd
Chartered Accountants
Lansdowne House
85 Buxton Road
Stockport
Cheshire
SK2 6LR

T & D Stevenson Ltd (Registered number: 05919604)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 95,400 100,700
Tangible assets 5 288,478 139,279
383,878 239,979

CURRENT ASSETS
Stocks 6,932 6,028
Debtors 6 38,174 46,848
Cash at bank and in hand 19,531 134,665
64,637 187,541
CREDITORS
Amounts falling due within one year 7 179,937 201,569
NET CURRENT LIABILITIES (115,300 ) (14,028 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

268,578

225,951

CREDITORS
Amounts falling due after more than one
year

8

(152,916

)

(109,193

)

PROVISIONS FOR LIABILITIES (31,057 ) (6,390 )
NET ASSETS 84,605 110,368

T & D Stevenson Ltd (Registered number: 05919604)

Balance Sheet - continued
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 84,603 110,366
SHAREHOLDERS' FUNDS 84,605 110,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2023 and were signed on its behalf by:





T D Stevenson - Director


T & D Stevenson Ltd (Registered number: 05919604)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

T & D Stevenson 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 18% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


T & D Stevenson Ltd (Registered number: 05919604)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 12 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 106,000
AMORTISATION
At 1 March 2022 5,300
Charge for year 5,300
At 28 February 2023 10,600
NET BOOK VALUE
At 28 February 2023 95,400
At 28 February 2022 100,700

T & D Stevenson Ltd (Registered number: 05919604)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 307,141
Additions 228,848
Disposals (29,608 )
At 28 February 2023 506,381
DEPRECIATION
At 1 March 2022 167,862
Charge for year 63,324
Eliminated on disposal (13,283 )
At 28 February 2023 217,903
NET BOOK VALUE
At 28 February 2023 288,478
At 28 February 2022 139,279

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2022 148,349
Additions 194,539
Disposals (29,608 )
Reclassification/transfer (56,159 )
At 28 February 2023 257,121
DEPRECIATION
At 1 March 2022 63,123
Charge for year 42,591
Eliminated on disposal (13,283 )
Reclassification/transfer (29,338 )
At 28 February 2023 63,093
NET BOOK VALUE
At 28 February 2023 194,028
At 28 February 2022 85,226

T & D Stevenson Ltd (Registered number: 05919604)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 38,174 43,848
Other debtors - 3,000
38,174 46,848

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 10,000 11,727
Other loans 42,293 42,293
Hire purchase contracts 48,785 35,036
Trade creditors 36,729 36,300
Tax - 31,628
Social security and other taxes 7,745 5,887
VAT 15,744 22,256
Other creditors 15,068 12,641
Directors' current accounts 323 1,371
Accruals and deferred income 3,250 2,430
179,937 201,569

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 12,500 22,500
Other loans - 1-2 years 6,948 42,293
Other loans - 2-5 years - 407
Hire purchase contracts 123,468 33,993
152,916 109,193

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
2 Ordinary £1 2 2