2022-06-012023-05-312023-05-31false04434246STEPHENSON TRANSPORT 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STEPHENSON TRANSPORT LIMITED

Registered Number
04434246
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

STEPHENSON TRANSPORT LIMITED
Company Information
for the year from 1 June 2022 to 31 May 2023

Directors

N Stephenson
K Stephenson

Registered Address

Unit 4c Carlinghow Mills
501 Bradford Road
Batley
WF17 8LN

Registered Number

04434246 (England and Wales)
STEPHENSON TRANSPORT LIMITED
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets6154,583129,804
154,583129,804
Current assets
Debtors776,356162,424
Cash at bank and on hand59,839128,702
136,195291,126
Creditors amounts falling due within one year846,147118,821
Net current assets (liabilities)90,048172,305
Total assets less current liabilities244,631302,109
Creditors amounts falling due after one year921,66731,667
Provisions for liabilities10(32,462)(24,663)
Net assets190,502245,779
Capital and reserves
Called up share capital100100
Profit and loss account190,402245,679
Shareholders' funds190,502245,779
The financial statements were approved and authorised for issue by the Board of Directors on 15 January 2024, and are signed on its behalf by:
N Stephenson
Director
Registered Company No. 04434246
STEPHENSON TRANSPORT LIMITED
Notes to the Financial Statements
for the year ended 31 May 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the business continues to be that of road haulier.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery15
Vehicles15
Revenue recognition policy
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year98
6.Property, plant and equipment

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 June 2270,321160,615230,936
Additions-50,00050,000
At 31 May 2370,321210,615280,936
Depreciation and impairment
At 01 June 2261,63939,493101,132
Charge for year1,30223,91925,221
At 31 May 2362,94163,412126,353
Net book value
At 31 May 237,380147,203154,583
At 31 May 228,682121,122129,804
7.Debtors

2023

2022

££
Trade debtors / trade receivables76,35664,374
Other debtors-74,000
Prepayments and accrued income-24,050
Total76,356162,424
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables-30,000
Bank borrowings and overdrafts10,00010,000
Taxation and social security25,05066,811
Other creditors620660
Accrued liabilities and deferred income10,47711,350
Total46,147118,821
9.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts21,66731,667
Total21,66731,667
10.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)32,46224,663
Total32,46224,663