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REGISTERED NUMBER: 04792176 (England and Wales)










Financial Statements

for the Year Ended 30 June 2024

for

Stephen Hargreaves Limited

Stephen Hargreaves Limited (Registered number: 04792176)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Stephen Hargreaves Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: S L Hargreaves





SECRETARY: Mrs A Hargreaves





REGISTERED OFFICE: 11 Raynville Place
LEEDS
West Yorkshire
LS13 2PT





REGISTERED NUMBER: 04792176 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 4, 10/12 The Grove,
Ilkley
West Yorkshire
LS29 9EG

Stephen Hargreaves Limited (Registered number: 04792176)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,609 6,145

CURRENT ASSETS
Debtors 5 2,105 1,821
Cash at bank 1,861 3,294
3,966 5,115
CREDITORS
Amounts falling due within one year 6 (16,794 ) (15,425 )
NET CURRENT LIABILITIES (12,828 ) (10,310 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,219

)

(4,165

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (8,319 ) (4,265 )
SHAREHOLDERS' FUNDS (8,219 ) (4,165 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 30 December 2024 and were signed by:



S L Hargreaves - Director


Stephen Hargreaves Limited (Registered number: 04792176)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Stephen Hargreaves 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.

The financial statements have been prepared on a going concern basis which the director believes to be appropriate.
The director will not press for repayment of his substantial loan to the company for the foreseeable future.
all outside creditors can be paid in full.

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 - 15% on cost
Motor vehicles - 25% on reducing balance

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.

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.

Stephen Hargreaves Limited (Registered number: 04792176)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

GOING CONCERN
The accounts are prepared on the basis that the director of the company have agreed they will not withdraw funds until the company has the available profits and cash flow and continue to support the company for the foreseeable future.
At the balance sheet date, liabilities exceed assets by £8,219 (2023 : £4,165). However the financial statements have been prepared on a going concern basis as the company has the continuing support from its director and majority shareholders, Stephen Hargreaves. The director is therefore satisfied that the financial statements have been correctly prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 100 8,740 8,840
DEPRECIATION
At 1 July 2023 100 2,595 2,695
Charge for year - 1,536 1,536
At 30 June 2024 100 4,131 4,231
NET BOOK VALUE
At 30 June 2024 - 4,609 4,609
At 30 June 2023 - 6,145 6,145

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,608 1,430
Prepayments 497 391
2,105 1,821

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - (1 )
VAT 438 528
Directors' current accounts 15,657 13,957
Accrued expenses 699 941
16,794 15,425

Stephen Hargreaves Limited (Registered number: 04792176)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 July 2023 (4,265 )
Deficit for the year (4,054 )
At 30 June 2024 (8,319 )

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

No dividends were paid to the director throughout the year ended 30th June 2024 (nil - 2023). The Company owed the director £15,657 as at 30th June 2024 (£13,957 - 2023).

10. ULTIMATE CONTROLLING PARTY

The controlling party is S L Hargreaves.