S.T.STEAD LTD

Company Registration Number:
04580898 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2022

Period of accounts

Start date: 01 December 2021

End date: 30 November 2022

S.T.STEAD LTD

Contents of the Financial Statements

for the Period Ended 30 November 2022

Balance sheet
Notes

S.T.STEAD LTD

Balance sheet

As at 30 November 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 60,951 76,352
Investments: 4 2 2
Total fixed assets: 60,953 76,354
Current assets
Stocks: 110,256 97,257
Debtors:   2,375,785 1,906,163
Cash at bank and in hand: 772,875 1,151,691
Total current assets: 3,258,916 3,155,111
Creditors: amounts falling due within one year:   (298,766) (369,953)
Net current assets (liabilities): 2,960,150 2,785,158
Total assets less current liabilities: 3,021,103 2,861,512
Creditors: amounts falling due after more than one year:   (36,574) (42,130)
Total net assets (liabilities): 2,984,529 2,819,382
Capital and reserves
Called up share capital: 900 900
Profit and loss account: 2,983,629 2,818,482
Shareholders funds: 2,984,529 2,819,382

The notes form part of these financial statements

S.T.STEAD LTD

Balance sheet statements

For the year ending 30 November 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 November 2023
and signed on behalf of the board by:

Name: D R Stead
Status: Director

The notes form part of these financial statements

S.T.STEAD LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

S.T.STEAD LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

2. Employees

2022 2021
Average number of employees during the period 19 15

S.T.STEAD LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

3. Tangible Assets

Total
Cost £
At 01 December 2021 696,453
Additions 17,373
Disposals (28,990)
At 30 November 2022 684,836
Depreciation
At 01 December 2021 620,101
Charge for year 21,785
On disposals (18,001)
At 30 November 2022 623,885
Net book value
At 30 November 2022 60,951
At 30 November 2021 76,352

S.T.STEAD LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

4. Fixed investments

Fixed Asset Investments consists of a 50% share holding in Stead Real Estate Limited, a Company whose principal activity is Property Investment.

S.T.STEAD LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

5. Loans to directors

Name of director receiving advance or credit: S T Stead
Description of the loan: Overdrawn Directors Current Account - funds drawn to make private payments.
£
Balance at 01 December 2021 481,214
Advances or credits made: 559,896
Advances or credits repaid: 646,000
Balance at 30 November 2022 395,110
Name of director receiving advance or credit: D R Stead
Description of the loan: Overdrawn Directors Current Account, including sums drawn on account of dividends paid.
£
Balance at 01 December 2021 37,590
Advances or credits made: 99,109
Advances or credits repaid: 64,849
Balance at 30 November 2022 71,850

Overdrawn Directors Current Accounts were cleared by Final Dividends for year ended 30th November 2022 payable on 6th May 2023 as follows:Ordinary A Shares (Mr S T Stead): £500,000Ordinary B Shares (Mr D R Stead): £200.000

S.T.STEAD LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

6. Related party transactions

Name of the related party: Stead Real Estate Limited
Relationship:
Associated Company (50% owned by Company)
Description of the Transaction: Loan provided by the Company to fund the operations of Stead real Estate Limited.Interest is paid on the loan at 1.5%. The sum payable for the year was £26,517 (2021: £35,022).
£
Balance at 01 December 2021 1,325,742
Balance at 30 November 2022 1,830,764
Name of the related party: S T Stead MRCVS
Relationship:
Director and shareholder
Description of the Transaction: Payment to Mr Stead's Self-Employed business for use of a motor vehicle - £2,000 (2021: £2,000).
£
Balance at 01 December 2021 0
Balance at 30 November 2022 0