IRIS Accounts Production v24.2.0.383 05919604 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh059196042023-02-28059196042024-02-29059196042023-03-012024-02-29059196042022-02-28059196042022-03-012023-02-28059196042023-02-2805919604ns15:EnglandWales2023-03-012024-02-2905919604ns14:PoundSterling2023-03-012024-02-2905919604ns10:Director12023-03-012024-02-2905919604ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2905919604ns10:SmallEntities2023-03-012024-02-2905919604ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2905919604ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2905919604ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2905919604ns10:FullAccounts2023-03-012024-02-290591960412023-03-012024-02-2905919604ns10:OrdinaryShareClass12023-03-012024-02-2905919604ns10:Director22023-03-012024-02-2905919604ns10:CompanySecretary12023-03-012024-02-2905919604ns10:RegisteredOffice2023-03-012024-02-2905919604ns5:CurrentFinancialInstruments2024-02-2905919604ns5:CurrentFinancialInstruments2023-02-2805919604ns5:Non-currentFinancialInstruments2024-02-2905919604ns5:Non-currentFinancialInstruments2023-02-2805919604ns5:ShareCapital2024-02-2905919604ns5:ShareCapital2023-02-2805919604ns5:RetainedEarningsAccumulatedLosses2024-02-2905919604ns5:RetainedEarningsAccumulatedLosses2023-02-2805919604ns5:NetGoodwill2023-03-012024-02-2905919604ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2905919604ns5:PlantMachinery2023-03-012024-02-2905919604ns5:NetGoodwill2023-02-2805919604ns5:NetGoodwill2024-02-2905919604ns5:NetGoodwill2023-02-2805919604ns5:PlantMachinery2023-02-2805919604ns5:FurnitureFittings2023-02-2805919604ns5:MotorVehicles2023-02-2805919604ns5:FurnitureFittings2023-03-012024-02-2905919604ns5:MotorVehicles2023-03-012024-02-2905919604ns5:PlantMachinery2024-02-2905919604ns5:FurnitureFittings2024-02-2905919604ns5:MotorVehicles2024-02-2905919604ns5:PlantMachinery2023-02-2805919604ns5:FurnitureFittings2023-02-2805919604ns5:MotorVehicles2023-02-2805919604ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-2805919604ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-012024-02-2905919604ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-02-2905919604ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-2805919604ns10:OrdinaryShareClass12024-02-29
REGISTERED NUMBER: 05919604 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

T & D Stevenson Ltd

T & D Stevenson Ltd (Registered number: 05919604)






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


T & D Stevenson Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: T D Stevenson
Ms D Stevenson





SECRETARY: Ms D Stevenson





REGISTERED OFFICE: Unit 3 Portland Farm
Buckholes Lane
Higher Wheelton
Chorley
PR6 8JL





REGISTERED NUMBER: 05919604 (England and Wales)





ACCOUNTANTS: Lucas Reis Ltd
Chartered Accountants
Lansdowne House
85 Buxton Road
Stockport
Cheshire
SK2 6LR

T & D Stevenson Ltd (Registered number: 05919604)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 90,100 95,400
Tangible assets 5 198,175 288,478
288,275 383,878

CURRENT ASSETS
Stocks 7,110 6,932
Debtors 6 70,866 38,174
Cash at bank and in hand 15,790 19,531
93,766 64,637
CREDITORS
Amounts falling due within one year 7 170,308 179,937
NET CURRENT LIABILITIES (76,542 ) (115,300 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

211,733

268,578

CREDITORS
Amounts falling due after more than one
year

8

(93,218

)

(152,916

)

PROVISIONS FOR LIABILITIES (14,107 ) (31,057 )
NET ASSETS 104,408 84,605

T & D Stevenson Ltd (Registered number: 05919604)

Balance Sheet - continued
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 104,406 84,603
SHAREHOLDERS' FUNDS 104,408 84,605

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:





T D Stevenson - Director


T & D Stevenson Ltd (Registered number: 05919604)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

T & D Stevenson 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 18% 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 Statement of Income and Retained Earnings, 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.


T & D Stevenson Ltd (Registered number: 05919604)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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.

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

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 11 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 106,000
AMORTISATION
At 1 March 2023 10,600
Amortisation for year 5,300
At 29 February 2024 15,900
NET BOOK VALUE
At 29 February 2024 90,100
At 28 February 2023 95,400

T & D Stevenson Ltd (Registered number: 05919604)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2023 98,304 40,539 367,538 506,381
Additions 1,670 2,742 - 4,412
Disposals - - (14,805 ) (14,805 )
At 29 February 2024 99,974 43,281 352,733 495,988
DEPRECIATION
At 1 March 2023 49,025 36,095 132,783 217,903
Charge for year 9,171 1,293 77,090 87,554
Eliminated on disposal - - (7,644 ) (7,644 )
At 29 February 2024 58,196 37,388 202,229 297,813
NET BOOK VALUE
At 29 February 2024 41,778 5,893 150,504 198,175
At 28 February 2023 49,279 4,444 234,755 288,478

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023
and 29 February 2024 257,121
DEPRECIATION
At 1 March 2023 63,093
Charge for year 71,048
At 29 February 2024 134,141
NET BOOK VALUE
At 29 February 2024 122,980
At 28 February 2023 194,028

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 70,866 38,174

T & D Stevenson Ltd (Registered number: 05919604)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 11,962 10,000
Hire purchase contracts 42,751 48,785
Trade creditors 23,851 36,729
Taxation and social security 60,984 23,489
Other creditors 30,760 60,934
170,308 179,937

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 12,500 22,500
Hire purchase contracts 80,718 123,468
Other creditors - 6,948
93,218 152,916

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
2 Ordinary £1 2 2