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REGISTERED NUMBER: 02368781 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024

FOR

J. STEVENS ENGINEERING LIMITED

J. STEVENS ENGINEERING LIMITED (REGISTERED NUMBER: 02368781)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J. STEVENS ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: Mr JFA Stevens
Mrs A Stevens
Mr D Stevens
Mr A Stevens





SECRETARY: Mrs A Stevens





REGISTERED OFFICE: 41 Russell Road
Goole
East Yorkshire
DN14 6LW





REGISTERED NUMBER: 02368781 (England and Wales)





ACCOUNTANTS: Flemingate - Accountancy and Taxation
1 Village Courtyard
High Street
Holme on Spalding Moor
York
North Yorkshire
YO43 4AA

J. STEVENS ENGINEERING LIMITED (REGISTERED NUMBER: 02368781)

BALANCE SHEET
30TH JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,243 34,746

CURRENT ASSETS
Stocks 5 79,438 23,439
Debtors 6 146,664 149,475
Cash at bank 1,174 -
227,276 172,914
CREDITORS
Amounts falling due within one year 7 239,010 258,639
NET CURRENT LIABILITIES (11,734 ) (85,725 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,509

(50,979

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 24,409 (51,079 )
SHAREHOLDERS' FUNDS 24,509 (50,979 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

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

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 15th August 2024 and were signed on its behalf by:





Mr JFA Stevens - Director


J. STEVENS ENGINEERING LIMITED (REGISTERED NUMBER: 02368781)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

J. Stevens Engineering 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

J. STEVENS ENGINEERING LIMITED (REGISTERED NUMBER: 02368781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st July 2023 8,623 120,776 11,215 41,686 182,300
Additions - 8,507 525 - 9,032
At 30th June 2024 8,623 129,283 11,740 41,686 191,332
DEPRECIATION
At 1st July 2023 8,622 97,698 9,244 31,990 147,554
Charge for year - 4,737 374 2,424 7,535
At 30th June 2024 8,622 102,435 9,618 34,414 155,089
NET BOOK VALUE
At 30th June 2024 1 26,848 2,122 7,272 36,243
At 30th June 2023 1 23,078 1,971 9,696 34,746

5. STOCKS
30.6.24 30.6.23
£    £   
Stocks and work in progress 79,438 23,439

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 135,758 139,086
Other debtors 1,350 1,350
VAT 9,556 9,039
146,664 149,475

J. STEVENS ENGINEERING LIMITED (REGISTERED NUMBER: 02368781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts - 21,224
Trade creditors 83,936 71,080
Social security and other taxes 7,646 13,239
Directors' current accounts 143,348 149,016
Accrued expenses 4,080 4,080
239,010 258,639

8. RELATED PARTY DISCLOSURES

During the year the company transacted with its directors by way of a loan account. The balance owing to the directors at the end of the year amounted to £ 143,348.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors who own 100% of the issued share capital.