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REGISTERED NUMBER: 03795595 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Stevens Services (West End) Ltd

Stevens Services (West End) Ltd (Registered number: 03795595)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stevens Services (West End) Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTORS: I J Stevens
J Lintott
G Andrade Da Silva





SECRETARY: Mrs E A Stevens





REGISTERED OFFICE: 35 Station Approach
West Byfleet
Surrey
KT14 6NF





REGISTERED NUMBER: 03795595 (England and Wales)





ACCOUNTANTS: Braywood Ltd
35 Station Approach
West Byfleet
Surrey
KT14 6NF

Stevens Services (West End) Ltd (Registered number: 03795595)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 756,353 653,254
756,353 653,254

CURRENT ASSETS
Stocks 5 22,438 123,466
Debtors 6 353,688 342,822
Cash at bank 365,649 226,264
741,775 692,552
CREDITORS
Amounts falling due within one year 7 513,178 689,723
NET CURRENT ASSETS 228,597 2,829
TOTAL ASSETS LESS CURRENT
LIABILITIES

984,950

656,083

CREDITORS
Amounts falling due after more than one year 8 (437,002 ) (399,671 )

PROVISIONS FOR LIABILITIES (47,025 ) (19,770 )
NET ASSETS 500,923 236,642

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 499,923 235,642
SHAREHOLDER FUNDS 500,923 236,642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Stevens Services (West End) Ltd (Registered number: 03795595)

Balance Sheet - continued
30 September 2023


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 Board of Directors and authorised for issue on 9 April 2024 and were signed on its behalf by:




I J Stevens - Director



J Lintott - Director


Stevens Services (West End) Ltd (Registered number: 03795595)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Stevens Services (West End) 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.

The directors expect that trading over the next twelve months will generate positive cash flows and have therefore continued to adopt the going concern basis of preparing the financial statements.

Turnover
Turnover represents the value of work executed during the year, all of which related to ordinary activities conducted in the United Kingdom. All turnover excludes 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost, 10% on cost, in accordance with the property and at varying rates on cost

Freehold land has not been depreciated. This treatment is a departure from the requirements of the Companies Act concerning depreciation of fixed assets. However the accounting policy adopted is considered necessary in order for the financial statement to give a true and fair view.

Stocks & contracts
The amount of contract costs, at cost incurred, net of amounts transferred to cost of sales, after deducting foreseeable losses and payments on account not matched with turnover, is included in work in progress and stock as contract work in progress.

The amount by which recorded turnover is in excess of payments on account is included in debtors as amounts due on contracts.

Payments in excess of recorded turnover and contract work in progress are included in creditors as payments received on account on contracts.

The amount by which provisions or accruals for foreseeable losses exceed costs incurred, after transfers to cost of sales, is included within either provisions for liabilities and charges or creditors, as appropriate.

Costs include all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.


Stevens Services (West End) Ltd (Registered number: 03795595)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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 16 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022 591,929 120,217 712,146
Additions - 137,118 137,118
At 30 September 2023 591,929 257,335 849,264
DEPRECIATION
At 1 October 2022 17,757 41,135 58,892
Charge for year 5,919 28,100 34,019
At 30 September 2023 23,676 69,235 92,911
NET BOOK VALUE
At 30 September 2023 568,253 188,100 756,353
At 30 September 2022 574,172 79,082 653,254

Included in cost of land and buildings is freehold land of £ 295,964 (2022 - £ 295,964 ) which is not depreciated.

Stevens Services (West End) Ltd (Registered number: 03795595)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
Additions 124,300
At 30 September 2023 124,300
DEPRECIATION
Charge for year 9,654
At 30 September 2023 9,654
NET BOOK VALUE
At 30 September 2023 114,646

5. STOCKS
30.9.23 30.9.22
£    £   
Stocks 13,836 2,530

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 344,730 339,331
Other debtors 8,958 3,491
353,688 342,822

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 40,364 34,000
Hire purchase contracts (see note 9) 28,375 -
Trade creditors 220,386 349,957
Amounts owed to group undertakings 52,101 35,656
Taxation and social security 94,323 92,332
Other creditors 77,629 177,778
513,178 689,723

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans 360,981 399,671
Hire purchase contracts (see note 9) 76,021 -
437,002 399,671

Stevens Services (West End) Ltd (Registered number: 03795595)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.9.23 30.9.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 241,144 291,713

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.9.23 30.9.22
£    £   
Net obligations repayable:
Within one year 28,375 -
Between one and five years 76,021 -
104,396 -

Non-cancellable operating leases
30.9.23 30.9.22
£    £   
Within one year 18,471 -
Between one and five years 344,952 107,932
363,423 107,932

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans 401,345 433,671
Hire purchase contracts 104,396 -
505,741 433,671

Amounts due under hire purchase contracts are secured on the asset to which they relate.

The bank loans are secured by way of a first legal charge over the freehold property, a first legal charge over the home of I J Stevens and Mrs E A Stevens, I J Stevens is a director of the company and Mrs E A Stevens was a director of the company, plus a personal guarantee from I J Stevens and Mrs E A Stevens of £100,000 and an unlimited debenture from the company.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed I J Stevens and his spouse £nil (2022 £37,038) and J Lintott and his spouse £35,587 (2022: £42,337).

I J Stevens and J Lintott are directors of the company.

The loans are interest free, unsecured and repayable on demand.

Stevens Services (West End) Ltd (Registered number: 03795595)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

12. RELATED PARTY DISCLOSURES

During the year dividends totalling £31,250 (2022: £nil) were paid to Stevens Washrooms Holdings Ltd, the company's parent company. Stevens Washrooms Holdings Ltd charged the company management charges of £1,824 (2022: £8,545) for the year.

At the balance sheet date the company owed its parent company £52,101 (2022: £35,656)..

13. ULTIMATE CONTROLLING PARTY

I J Stevens and E A Stevens, as directors or director and spouse of a director and shareholders of Stevens Washrooms Holdings Ltd are the ultimate controlling parties of the company.

Copies of the financial statements of Stevens Washrooms Holdings Ltd are available from Companies House