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REGISTERED NUMBER: 06842662 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

STEVEN J BUTLER LTD

STEVEN J BUTLER LTD (REGISTERED NUMBER: 06842662)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


STEVEN J BUTLER LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: S J Butler





REGISTERED OFFICE: Spring Cottage
Beamish Lane
Albrighton
Staffordshire
WV8 1RH





REGISTERED NUMBER: 06842662 (England and Wales)





ACCOUNTANTS: French Ludlam & Co Limited
Mountfield House
661 High Street
Kingswinford
West Midlands
DY6 8AL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
STEVEN J BUTLER LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Steven J Butler Ltd for the year ended 31st March 2024 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Steven J Butler Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Steven J Butler Ltd and state those matters that we have agreed to state to the director of Steven J Butler Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Steven J Butler Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Steven J Butler Ltd. You consider that Steven J Butler Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Steven J Butler Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






French Ludlam & Co Limited
Mountfield House
661 High Street
Kingswinford
West Midlands
DY6 8AL


18th October 2024

STEVEN J BUTLER LTD (REGISTERED NUMBER: 06842662)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 61,035 70,032

CURRENT ASSETS
Stocks 4,290 4,230
Debtors 5 76,827 67,340
Cash at bank 19,768 39,655
100,885 111,225
CREDITORS
Amounts falling due within one year 6 109,878 113,669
NET CURRENT LIABILITIES (8,993 ) (2,444 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,042

67,588

CREDITORS
Amounts falling due after more than one
year

7

(32,030

)

(47,281

)

PROVISIONS FOR LIABILITIES (5,992 ) (7,047 )
NET ASSETS 14,020 13,260

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,920 13,160
SHAREHOLDERS' FUNDS 14,020 13,260

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

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

STEVEN J BUTLER LTD (REGISTERED NUMBER: 06842662)

STATEMENT OF FINANCIAL POSITION - continued
31ST 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 18th October 2024 and were signed by:





S J Butler - Director


STEVEN J BUTLER LTD (REGISTERED NUMBER: 06842662)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Steven J Butler 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.

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 goods and 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 - 20% on reducing balance
Fixtures and fittings - 20% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

STEVEN J BUTLER LTD (REGISTERED NUMBER: 06842662)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Improvements Plant and and Motor
to property machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1st April 2023
and 31st March 2024 32,947 2,950 9,439 49,285 94,621
DEPRECIATION
At 1st April 2023 - 1,118 5,793 17,678 24,589
Charge for year - 365 730 7,902 8,997
At 31st March 2024 - 1,483 6,523 25,580 33,586
NET BOOK VALUE
At 31st March 2024 32,947 1,467 2,916 23,705 61,035
At 31st March 2023 32,947 1,832 3,646 31,607 70,032

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1st April 2023 21,673
Transfer to ownership 12,322
At 31st March 2024 33,995
DEPRECIATION
At 1st April 2023 1,375
Charge for year 8,499
Transfer to ownership 5,000
At 31st March 2024 14,874
NET BOOK VALUE
At 31st March 2024 19,121
At 31st March 2023 20,298

STEVEN J BUTLER LTD (REGISTERED NUMBER: 06842662)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 72,073 55,933
Other debtors 4,754 11,407
76,827 67,340

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 3,511 3,511
Trade creditors 7,851 25,082
Taxation and social security 33,166 25,038
Other creditors 55,350 50,038
109,878 113,669

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 11,667 21,667
Hire purchase contracts (see note 8) 20,363 25,614
32,030 47,281

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£ £
Net obligations repayable:
Within one year 3,511 3,511
Between one and five years 20,363 25,614
23,874 29,125

Non-cancellable
operating leases
2024 2023
£ £
Within one year 2,584 3,446
Between one and five years - 2,584
2,584 6,030