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REGISTERED NUMBER: 07277075 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2024

for

Stephen Fleming Limited

Stephen Fleming Limited (Registered number: 07277075)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stephen Fleming Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S Fleming





SECRETARY: Mrs M Fleming





REGISTERED OFFICE: Tynycornel
4 Shire End Close
Ashwell
Baldock
Hertfordshire
SG7 5FD





REGISTERED NUMBER: 07277075 (England and Wales)





ACCOUNTANTS: NSO Associates LLP
75 Springfield Road
Chelmsford
Essex
CM2 6JB

Stephen Fleming Limited (Registered number: 07277075)

Balance Sheet
31 March 2024

31.3.23 31.3.24
£    £    Notes £    £   
FIXED ASSETS
61,544 Tangible assets 4 51,148

CURRENT ASSETS
21,784 Debtors 5 20,521
249,307 Cash at bank 241,406
271,091 261,927
CREDITORS
68,796 Amounts falling due within one year 6 48,563
202,295 NET CURRENT ASSETS 213,364
263,839 TOTAL ASSETS LESS CURRENT
LIABILITIES

264,512

CREDITORS
(35,583 ) Amounts falling due after more than one
year

7

(30,263

)

(11,693 ) PROVISIONS FOR LIABILITIES (9,718 )
216,563 NET ASSETS 224,531

CAPITAL AND RESERVES
100 Called up share capital 100
216,463 Retained earnings 224,431
216,563 SHAREHOLDERS' FUNDS 224,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Stephen Fleming Limited (Registered number: 07277075)

Balance Sheet - continued
31 March 2024


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 19 June 2024 and were signed by:





S Fleming - Director


Stephen Fleming Limited (Registered number: 07277075)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Stephen Fleming Limited 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.

Turnover
Turnover represents net invoiced sales of 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 10% on cost and See Note Below

Motor Vehicles - based on residual balance after 4 years.

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.

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.

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.

Stephen Fleming Limited (Registered number: 07277075)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 75,127
DEPRECIATION
At 1 April 2023 13,583
Charge for year 10,396
At 31 March 2024 23,979
NET BOOK VALUE
At 31 March 2024 51,148
At 31 March 2023 61,544

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

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 59,190
DEPRECIATION
At 1 April 2023 8,802
Charge for year 8,802
At 31 March 2024 17,604
NET BOOK VALUE
At 31 March 2024 41,586
At 31 March 2023 50,388

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 19,853 21,124
Other debtors 668 660
20,521 21,784

Stephen Fleming Limited (Registered number: 07277075)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 5,802 5,802
Trade creditors 871 295
Taxation and social security 38,772 60,573
Other creditors 3,118 2,126
48,563 68,796

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 30,263 35,583

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 36,065 41,385

9. POST BALANCE SHEET EVENTS

There were no post balance sheet events that require being brought to the attention of the shareholders or creditors.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Fleming.