Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.82023-04-01falseReal estate agencies8truetrue 11228592 2023-04-01 2024-03-31 11228592 2022-04-01 2023-03-31 11228592 2024-03-31 11228592 2023-03-31 11228592 c:Director1 2023-04-01 2024-03-31 11228592 d:MotorVehicles 2023-04-01 2024-03-31 11228592 d:MotorVehicles 2024-03-31 11228592 d:MotorVehicles 2023-03-31 11228592 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11228592 d:FurnitureFittings 2023-04-01 2024-03-31 11228592 d:FurnitureFittings 2024-03-31 11228592 d:FurnitureFittings 2023-03-31 11228592 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11228592 d:OfficeEquipment 2023-04-01 2024-03-31 11228592 d:OfficeEquipment 2024-03-31 11228592 d:OfficeEquipment 2023-03-31 11228592 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11228592 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11228592 d:CurrentFinancialInstruments 2024-03-31 11228592 d:CurrentFinancialInstruments 2023-03-31 11228592 d:Non-currentFinancialInstruments 2024-03-31 11228592 d:Non-currentFinancialInstruments 2023-03-31 11228592 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11228592 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11228592 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11228592 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11228592 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 11228592 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 11228592 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 11228592 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 11228592 d:ShareCapital 2024-03-31 11228592 d:ShareCapital 2023-03-31 11228592 d:RetainedEarningsAccumulatedLosses 2024-03-31 11228592 d:RetainedEarningsAccumulatedLosses 2023-03-31 11228592 c:FRS102 2023-04-01 2024-03-31 11228592 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11228592 c:FullAccounts 2023-04-01 2024-03-31 11228592 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11228592 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 11228592 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 11228592 2 2023-04-01 2024-03-31 11228592 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 11228592










STEVENAGE EA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
STEVENAGE EA LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STEVENAGE EA LIMITED
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stevenage EA Limited for the year ended 31 March 2024 which comprise  the Statement of financial position, the 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 Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Stevenage EA Limited in accordance with the terms of our engagement letter dated 1st December 2021Our work has been undertaken solely to prepare for your approval the financial statements of Stevenage EA Limited and state those matters that we have agreed to state to the director of Stevenage EA Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stevenage EA Limited and its director for our work or for this report. 

It is your duty to ensure that Stevenage EA Limited 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 Stevenage EA Limited. You consider that Stevenage EA Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Stevenage EA Limited. 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.

  



McColes & Co (Herts) Ltd
 
First Floor
28 Whitehorse Street
Baldock
Hertfordshire
SG7 6QQ
3 December 2024
Page 1

 
STEVENAGE EA LIMITED
REGISTERED NUMBER: 11228592

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
9,755
13,272

  
9,755
13,272

Current assets
  

Debtors: amounts falling due within one year
 5 
10,656
10,643

Cash at bank and in hand
  
102,353
116,655

  
113,009
127,298

Creditors: amounts falling due within one year
 6 
(59,273)
(47,119)

Net current assets
  
 
 
53,736
 
 
80,179

Total assets less current liabilities
  
63,491
93,451

Creditors: amounts falling due after more than one year
 7 
(9,333)
(17,333)

Provisions for liabilities
  

Deferred tax
 9 
(1,854)
(2,522)

  
 
 
(1,854)
 
 
(2,522)

Net assets
  
52,304
73,596


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
52,204
73,496

  
52,304
73,596


Page 2

 
STEVENAGE EA LIMITED
REGISTERED NUMBER: 11228592
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 December 2024.




I Wilson
Director

The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
STEVENAGE EA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
1.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
STEVENAGE EA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies (continued)

 
1.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
1.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
1.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
1.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
STEVENAGE EA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies (continued)


1.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
25%
Reducing balance
Office equipment
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
1.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
STEVENAGE EA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.


General information

The Company is a private company, limited by shares and registered in England.
Its registered number is: 11228592
Its registered office is:
53 High Street
Stevenage
Hertfordshire
SG1 3AQ


3.


Employees

2024
2023
£
£

Wages and salaries
124,391
182,030

Social security costs
7,034
13,048

Cost of defined contribution scheme
3,441
4,550

134,866
199,628


The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Staff
8
8

Page 7

 
STEVENAGE EA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
20,000
6,026
11,242
37,268



At 31 March 2024

20,000
6,026
11,242
37,268



Depreciation


At 1 April 2023
8,750
4,379
10,867
23,996


Charge for the year on owned assets
2,813
411
293
3,517



At 31 March 2024

11,563
4,790
11,160
27,513



Net book value



At 31 March 2024
8,437
1,236
82
9,755



At 31 March 2023
11,250
1,647
375
13,272


5.


Debtors

2024
2023
£
£


Trade debtors
254
-

Other debtors
8,988
9,048

Prepayments and accrued income
1,414
1,595

10,656
10,643


Page 8

 
STEVENAGE EA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
8,000
8,000

Corporation tax
2,250
3,689

Other taxation and social security
13,684
14,394

Other creditors
26,138
18,886

Accruals and deferred income
9,201
2,150

59,273
47,119



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
9,333
17,333

9,333
17,333


Page 9

 
STEVENAGE EA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
8,000
8,000


8,000
8,000

Amounts falling due 1-2 years

Bank loans
8,000
8,000


8,000
8,000

Amounts falling due 2-5 years

Bank loans
1,333
9,333


1,333
9,333


17,333
25,333



9.


Deferred taxation




2024


£






At beginning of year
(2,522)


Utilised in year
668



At end of year
(1,854)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,853)
(2,522)

(1,853)
(2,522)

Page 10

 
STEVENAGE EA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £3,441 (2023 - £4,550) . 


11.


Related party transactions

The amount due to the director I Wilson and included in other creditros at the reporting date was £1,927 (2023: £1,407). The loan does not attract a rate of interest and is repayable on demand.

 
Page 11