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REGISTERED NUMBER: 06323743 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

STEPHENSON & SON CARPENTRY LIMITED

STEPHENSON & SON CARPENTRY LIMITED (REGISTERED NUMBER: 06323743)






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


STEPHENSON & SON CARPENTRY LIMITED

Company Information
for the year ended 31 March 2024







DIRECTORS: L Stephenson
L R Stephenson





SECRETARY: L R Stephenson





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 06323743 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

STEPHENSON & SON CARPENTRY LIMITED (REGISTERED NUMBER: 06323743)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 783 810

CURRENT ASSETS
Debtors 5 26,724 30,176
Cash at bank 6,528 5,872
33,252 36,048
CREDITORS
Amounts falling due within one year 6 (23,750 ) (20,414 )
NET CURRENT ASSETS 9,502 15,634
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,285

16,444

CREDITORS
Amounts falling due after more than one
year

7

(9,769

)

(16,082

)

PROVISIONS FOR LIABILITIES 8 (164 ) (170 )
NET ASSETS 352 192

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 252 92
SHAREHOLDERS' FUNDS 352 192

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 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.

STEPHENSON & SON CARPENTRY LIMITED (REGISTERED NUMBER: 06323743)

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 Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:





L R Stephenson - Director


STEPHENSON & SON CARPENTRY LIMITED (REGISTERED NUMBER: 06323743)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Stephenson & Son Carpentry 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.

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 the fair value of consideration received or receivable net of VAT and trade discounts. Revenue from carpentry services is recognised as the construction activity progresses. Revenue not billed is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & fittings-25% on cost
Motor vehicles-25% reducing balance
Computer equipment-25% reducing balance

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

STEPHENSON & SON CARPENTRY LIMITED (REGISTERED NUMBER: 06323743)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 - 13,749 1,898 15,647
Additions 221 - - 221
Disposals - - (751 ) (751 )
At 31 March 2024 221 13,749 1,147 15,117
DEPRECIATION
At 1 April 2023 - 13,566 1,271 14,837
Charge for year 14 45 146 205
Eliminated on disposal - - (708 ) (708 )
At 31 March 2024 14 13,611 709 14,334
NET BOOK VALUE
At 31 March 2024 207 138 438 783
At 31 March 2023 - 183 627 810

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 21,537
Other debtors 26,724 8,639
26,724 30,176

STEPHENSON & SON CARPENTRY LIMITED (REGISTERED NUMBER: 06323743)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,313 6,157
Taxation and social security 15,537 12,247
Other creditors 1,900 2,010
23,750 20,414

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,769 16,082

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 164 170

Deferred
tax
£   
Balance at 1 April 2023 170
Credit to Income Statement during year (6 )
movement in year
Balance at 31 March 2024 164

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
L R Stephenson and L Stephenson
Balance outstanding at start of year - 24,818
Amounts advanced 25,361 -
Amounts repaid - (24,818 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,361 -

STEPHENSON & SON CARPENTRY LIMITED (REGISTERED NUMBER: 06323743)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Director's loan is repayable on demand. Interest has been charged at 2.25% where individual value is greater than £10,000.