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REGISTERED NUMBER: 09488382 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 March 2023

for

P W Steans and Sons Ltd

P W Steans and Sons Ltd (Registered number: 09488382)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


P W Steans and Sons Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: L Steans





REGISTERED OFFICE: 9 Plough Close
Leicester Forest East
Leicester
LE3 3QR





REGISTERED NUMBER: 09488382 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
P W Steans and Sons 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 Balance Sheet. 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 P W Steans and Sons Ltd for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet 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 P W Steans and Sons Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P W Steans and Sons Ltd and state those matters that we have agreed to state to the director of P W Steans and Sons 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 P W Steans and Sons Ltd and its director for our work or for this report.

It is your duty to ensure that P W Steans and Sons 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 P W Steans and Sons Ltd. You consider that P W Steans and Sons 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 P W Steans and Sons 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.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


21 December 2023

P W Steans and Sons Ltd (Registered number: 09488382)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 452 779

CURRENT ASSETS
Stocks 5 500 500
Debtors 6 28,588 107,871
Cash at bank 104,020 105,374
133,108 213,745
CREDITORS
Amounts falling due within one year 7 75,924 136,304
NET CURRENT ASSETS 57,184 77,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,636

78,220

PROVISIONS FOR LIABILITIES 133 195
NET ASSETS 57,503 78,025

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 57,493 78,015
SHAREHOLDERS' FUNDS 57,503 78,025

P W Steans and Sons Ltd (Registered number: 09488382)

Balance Sheet - continued
31 March 2023


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 21 December 2023 and were signed by:





L Steans - Director


P W Steans and Sons Ltd (Registered number: 09488382)

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


1. STATUTORY INFORMATION

P W Steans and Sons 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 represents net invoiced sales of goods and services ,excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

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 balance sheet date.

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.

P W Steans and Sons Ltd (Registered number: 09488382)

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 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 3,256 14,250 1,362 18,868
Additions 233 - - 233
Disposals - (1,550 ) - (1,550 )
At 31 March 2023 3,489 12,700 1,362 17,551
DEPRECIATION
At 1 April 2022 2,956 14,250 883 18,089
Charge for year 347 - 213 560
Eliminated on disposal - (1,550 ) - (1,550 )
At 31 March 2023 3,303 12,700 1,096 17,099
NET BOOK VALUE
At 31 March 2023 186 - 266 452
At 31 March 2022 300 - 479 779

5. STOCKS
31.3.23 31.3.22
£    £   
Stocks 500 500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 3,732 70,978
Other debtors 21,680 35,255
VAT 1,201 -
Prepayments and accrued income 1,975 1,638
28,588 107,871

P W Steans and Sons Ltd (Registered number: 09488382)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 27,636 11,100
Corporation tax 13,689 50,821
VAT - 849
Other creditors 20,142 -
Net wages 11,715 -
Directors' current accounts 2,742 73,534
75,924 136,304

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
10 Ordinary £1 10 10