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REGISTERED NUMBER: 09057986 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Stevens and Barnes Building
Contractors Ltd

Stevens and Barnes Building
Contractors Ltd (Registered number: 09057986)






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


Stevens and Barnes Building
Contractors Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr P Barnes
Mr W J Stevens





REGISTERED OFFICE: 2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET





REGISTERED NUMBER: 09057986 (England and Wales)





ACCOUNTANTS: Accounting Solutions
2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET

Stevens and Barnes Building
Contractors Ltd (Registered number: 09057986)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,280 14,865

CURRENT ASSETS
Stocks 48,412 27,125
Debtors 5 7,146 302
Cash at bank 15,908 51,332
71,466 78,759
CREDITORS
Amounts falling due within one year 6 27,931 38,285
NET CURRENT ASSETS 43,535 40,474
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,815

55,339

CREDITORS
Amounts falling due after more than one
year

7

2,634

6,602
NET ASSETS 53,181 48,737

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 53,081 48,637
SHAREHOLDERS' FUNDS 53,181 48,737

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.

Stevens and Barnes Building
Contractors Ltd (Registered number: 09057986)

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 7 November 2024 and were signed on its behalf by:




Mr P Barnes - Director



Mr W J Stevens - Director


Stevens and Barnes Building
Contractors Ltd (Registered number: 09057986)

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

1. STATUTORY INFORMATION

Stevens and Barnes Building Contractors 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
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.

Stevens and Barnes Building
Contractors Ltd (Registered number: 09057986)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 3,679 25,990 217 29,886
Additions 934 - 645 1,579
At 31 March 2024 4,613 25,990 862 31,465
DEPRECIATION
At 1 April 2023 1,888 12,916 217 15,021
Charge for year 682 3,269 213 4,164
At 31 March 2024 2,570 16,185 430 19,185
NET BOOK VALUE
At 31 March 2024 2,043 9,805 432 12,280
At 31 March 2023 1,791 13,074 - 14,865

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 25,990
DEPRECIATION
At 1 April 2023 12,916
Charge for year 3,269
At 31 March 2024 16,185
NET BOOK VALUE
At 31 March 2024 9,805
At 31 March 2023 13,074

Stevens and Barnes Building
Contractors Ltd (Registered number: 09057986)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 7,146 302

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,968 3,968
Trade creditors 63 6,840
Taxation and social security 18,562 26,048
Other creditors 5,338 1,429
27,931 38,285

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 2,634 6,602

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company was under the control of the directors throughout the period as stated in the director's report.

Interest was charged on overdrawn directors' loan account balances at the official rate of 2.25%.