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REGISTERED NUMBER: 09426236 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

STEVEN'S PLASTERING LIMITED

STEVEN'S PLASTERING LIMITED (REGISTERED NUMBER: 09426236)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STEVEN'S PLASTERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Mr S Wheeldon





REGISTERED OFFICE: c/o Wynniatt-Husey Limited
The Old Bakehouse
Dove Walk
Uttoxeter
Staffordshire
ST14 8EH





REGISTERED NUMBER: 09426236 (England and Wales)





ACCOUNTANTS: Wynniatt-Husey Limited (Uttoxeter Branch)
The Old Bakehouse
Dove Walk
Uttoxeter
Staffordshire
ST14 8EH

STEVEN'S PLASTERING LIMITED (REGISTERED NUMBER: 09426236)

BALANCE SHEET
29 FEBRUARY 2024

28.2.23 29.2.24
£    £    Notes £    £   
FIXED ASSETS
3,003 Tangible assets 4 -

CURRENT ASSETS
40,000 Stocks 5 -
7,900 Debtors 6 -
1,755 Cash at bank -
49,655 -
CREDITORS
40,743 Amounts falling due within one year 7 31,088
8,912 NET CURRENT (LIABILITIES)/ASSETS (31,088 )
11,915 TOTAL ASSETS LESS CURRENT
LIABILITIES

(31,088

)

CREDITORS
23,844 Amounts falling due after more than one
year

8

23,844
(11,929 ) NET LIABILITIES (54,932 )

CAPITAL AND RESERVES
1 Called up share capital 9 1
(11,930 ) Retained earnings (54,933 )
(11,929 ) SHAREHOLDERS' FUNDS (54,932 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

STEVEN'S PLASTERING LIMITED (REGISTERED NUMBER: 09426236)

BALANCE SHEET - continued
29 FEBRUARY 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 20 September 2024 and were signed by:





Mr S Wheeldon - Director


STEVEN'S PLASTERING LIMITED (REGISTERED NUMBER: 09426236)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Steven's Plastering 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.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

STEVEN'S PLASTERING LIMITED (REGISTERED NUMBER: 09426236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
Totals machinery vehicles equipment
£    £    £    £   
COST
At 1 March 2023 14,254 830 12,013 1,411
Disposals (14,254 ) (830 ) (12,013 ) (1,411 )
At 29 February 2024 - - - -
DEPRECIATION
At 1 March 2023 11,251 830 9,010 1,411
Charge for year 3,003 - 3,003 -
Eliminated on disposal (14,254 ) (830 ) (12,013 ) (1,411 )
At 29 February 2024 - - - -
NET BOOK VALUE
At 29 February 2024 - - - -
At 28 February 2023 3,003 - 3,003 -

5. STOCKS
29.2.24 28.2.23
£    £   
Work-in-progress - 40,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
VAT - 7,900

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 3,078 3,078
Other loans - 12,302
Trade creditors - 7,864
Tax - 1,957
Directors' current accounts 28,010 13,542
Accrued expenses - 2,000
31,088 40,743

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans - 1-2 years 3,078 3,078
Bank loans - 2-5 years 20,766 20,766
23,844 23,844

STEVEN'S PLASTERING LIMITED (REGISTERED NUMBER: 09426236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1 Ordinary £1 1 1