IRIS Accounts Production v23.3.1.45 07617949 director 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure076179492022-03-31076179492023-03-31076179492022-04-012023-03-31076179492021-03-31076179492021-04-012022-03-31076179492022-03-3107617949ns16:EnglandWales2022-04-012023-03-3107617949ns15:PoundSterling2022-04-012023-03-3107617949ns11:Director12022-04-012023-03-3107617949ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3107617949ns11:SmallEntities2022-04-012023-03-3107617949ns11:AuditExemptWithAccountantsReport2022-04-012023-03-3107617949ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3107617949ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3107617949ns11:FullAccounts2022-04-012023-03-310761794912022-04-012023-03-3107617949ns11:RegisteredOffice2022-04-012023-03-3107617949ns6:CurrentFinancialInstruments2023-03-3107617949ns6:CurrentFinancialInstruments2022-03-3107617949ns6:Non-currentFinancialInstruments2023-03-3107617949ns6:Non-currentFinancialInstruments2022-03-3107617949ns6:ShareCapital2023-03-3107617949ns6:ShareCapital2022-03-3107617949ns6:RetainedEarningsAccumulatedLosses2023-03-3107617949ns6:RetainedEarningsAccumulatedLosses2022-03-3107617949ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3107617949ns6:NetGoodwill2022-03-3107617949ns6:NetGoodwill2023-03-3107617949ns6:NetGoodwill2022-03-3107617949ns6:LandBuildings2022-03-3107617949ns6:PlantMachinery2022-03-3107617949ns6:FurnitureFittings2022-03-3107617949ns6:ComputerEquipment2022-03-3107617949ns6:LandBuildings2022-04-012023-03-3107617949ns6:PlantMachinery2022-04-012023-03-3107617949ns6:FurnitureFittings2022-04-012023-03-3107617949ns6:ComputerEquipment2022-04-012023-03-3107617949ns6:LandBuildings2023-03-3107617949ns6:PlantMachinery2023-03-3107617949ns6:FurnitureFittings2023-03-3107617949ns6:ComputerEquipment2023-03-3107617949ns6:LandBuildings2022-03-3107617949ns6:PlantMachinery2022-03-3107617949ns6:FurnitureFittings2022-03-3107617949ns6:ComputerEquipment2022-03-3107617949ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-03-3107617949ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-04-012023-03-3107617949ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2023-03-3107617949ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-03-3107617949ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3107617949ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3107617949ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2023-03-3107617949ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-03-3107617949ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2023-03-3107617949ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2022-03-3107617949ns6:DeferredTaxation2022-03-3107617949ns6:DeferredTaxation2023-03-3107617949ns11:Director112022-03-3107617949ns11:Director112021-03-3107617949ns11:Director112022-04-012023-03-3107617949ns11:Director112021-04-012022-03-3107617949ns11:Director112023-03-3107617949ns11:Director112022-03-31
REGISTERED NUMBER: 07617949 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Stevenage Engineering Services Ltd

Stevenage Engineering Services Ltd (Registered number: 07617949)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

Stevenage Engineering Services Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: D R Cavalier





REGISTERED OFFICE: The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS





REGISTERED NUMBER: 07617949 (England and Wales)





ACCOUNTANTS: GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS

Stevenage Engineering Services Ltd (Registered number: 07617949)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 210,428 236,738
210,428 236,738

CURRENT ASSETS
Stocks 2,450 1,865
Debtors 6 89,647 89,131
92,097 90,996
CREDITORS
Amounts falling due within one year 7 217,445 87,447
NET CURRENT (LIABILITIES)/ASSETS (125,348 ) 3,549
TOTAL ASSETS LESS CURRENT LIABILITIES 85,080 240,287

CREDITORS
Amounts falling due after more than one year 8 - (168,398 )

PROVISIONS FOR LIABILITIES 10 (15,965 ) (17,821 )
NET ASSETS 69,115 54,068

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 69,015 53,968
SHAREHOLDERS' FUNDS 69,115 54,068

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 27 November 2023 and were signed by:





D R Cavalier - Director


Stevenage Engineering Services Ltd (Registered number: 07617949)

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

1. STATUTORY INFORMATION

Stevenage Engineering Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

There were no material departures from that standard.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from engineering services is recognised when work has been completed and invoiced.

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
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:

Freehold property - 2% on cost
Plant & machinery - 10% on cost & 25% on reducing balance
Fixtures & fittings - 25% on reducing balance
Computer equipment - 33% on cost & 25% 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 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 statement of financial position date.

Deferred tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

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.

Stevenage Engineering Services Ltd (Registered number: 07617949)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 150,000
AMORTISATION
At 1 April 2022
and 31 March 2023 150,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 171,127 190,281 18,820 4,660 384,888
Additions - - - 291 291
At 31 March 2023 171,127 190,281 18,820 4,951 385,179
DEPRECIATION
At 1 April 2022 17,113 110,183 16,470 4,384 148,150
Charge for year 3,422 22,417 588 174 26,601
At 31 March 2023 20,535 132,600 17,058 4,558 174,751
NET BOOK VALUE
At 31 March 2023 150,592 57,681 1,762 393 210,428
At 31 March 2022 154,014 80,098 2,350 276 236,738

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2022
and 31 March 2023 36,450
DEPRECIATION
At 1 April 2022 6,841
Charge for year 7,402
At 31 March 2023 14,243
NET BOOK VALUE
At 31 March 2023 22,207
At 31 March 2022 29,609

Stevenage Engineering Services Ltd (Registered number: 07617949)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 26,009 45,360
Directors' current accounts 63,638 43,771
89,647 89,131

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 157,298 45,999
Hire purchase contracts 17,913 10,624
Trade creditors 6,449 7,747
Tax 17,807 7,470
Social security and other taxes 19 49
VAT 14,060 12,773
Accrued expenses 3,899 2,785
217,445 87,447

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-5 years - 74,129
Bank loans over 5 years - 76,357
Hire purchase contracts - 17,912
- 168,398

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years - 76,357

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Mortgage 96,516 98,737

Fixed and floating charge dated 16 February 2017 over all the property or undertaking of the company, given by the company to HSBC Bank Plc.

Mortgage debenture dated 28 June 2017 over all property and assets present and future including goodwill, bookdebts, uncalled capital, buildings fixtures and fixed plant and machinery given by the company to Bank HSBC Bank PLC.

10. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 15,965 17,821

Stevenage Engineering Services Ltd (Registered number: 07617949)

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

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 17,821
Accelerated capital allowances (5,127 )
Change in rates 3,271
Balance at 31 March 2023 15,965

The net reversal of expected deferred tax liabilities expected to occur in the next 12 months is £3,471

At the balance sheet date the company had a £15,965 deferred tax liability (2022 - £17,821) relating to accelerated capital allowances.

Factors that may affect future tax charges

An increase in the future main corporation tax rate to 25% from 1 April 2023, from the previously enacted 19% was announced in the budget on 3 March 2021, and substantively enacted on 24 May 2021. The deferred tax balance at the year end has been calculated based on the rate at which the provision is expected to unwind.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
D R Cavalier
Balance outstanding at start of year 43,771 31,490
Amounts advanced 63,638 43,771
Amounts repaid (43,771 ) (31,490 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 63,638 43,771

12. RELATED PARTY DISCLOSURES

The amount outstanding at the year end due from Mr D Cavalier was £63,638 (2022 - due from £47,771)

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Stevenage Engineering Services Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stevenage Engineering Services Ltd for the year ended 31 March 2023 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Stevenage Engineering Services Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Stevenage Engineering Services Ltd and state those matters that we have agreed to state to the director of Stevenage Engineering Services Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stevenage Engineering Services Ltd and its director for our work or for this report.

It is your duty to ensure that Stevenage Engineering Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Stevenage Engineering Services Ltd. You consider that Stevenage Engineering Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Stevenage Engineering Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS


27 November 2023