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REGISTERED NUMBER: 01815428 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Stephen Metcalf Limited

Stephen Metcalf Limited (Registered number: 01815428)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Stephen Metcalf Limited

Company Information
for the year ended 31 May 2024







DIRECTORS: Mr J G Metcalf
Mr T Shanks



SECRETARY: Mr J G Metcalf



REGISTERED OFFICE: 7 Alliance Business Park
Corporation Street
Accrington
Lancashire
BB5 0RR



REGISTERED NUMBER: 01815428 (England and Wales)



ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP



BANKERS: The Royal Bank of Scotland plc
119 Blackburn Road
Accrington
Lancashire
BB5 OAA

Stephen Metcalf Limited (Registered number: 01815428)

Abridged Balance Sheet
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,035 29,894

CURRENT ASSETS
Stocks 12,862 11,484
Debtors 50,346 212,328
Cash at bank and in hand 216,269 217,791
279,477 441,603
CREDITORS
Amounts falling due within one year 96,462 257,313
NET CURRENT ASSETS 183,015 184,290
TOTAL ASSETS LESS CURRENT
LIABILITIES

206,050

214,184

CREDITORS
Amounts falling due after more than one
year

(13,291

)

(27,674

)

PROVISIONS FOR LIABILITIES (4,379 ) (6,573 )
NET ASSETS 188,380 179,937

CAPITAL AND RESERVES
Called up share capital 6 135 135
Capital redemption reserve 100 100
Retained earnings 188,145 179,702
SHAREHOLDERS' FUNDS 188,380 179,937

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

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

Stephen Metcalf Limited (Registered number: 01815428)

Abridged Balance Sheet - continued
31 May 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 January 2025 and were signed on its behalf by:





Mr J G Metcalf - Director


Stephen Metcalf Limited (Registered number: 01815428)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Stephen Metcalf 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company sells building services to clients. Revenue is recognised in the accounting period in which the services are rendered when the outcome of contract can be estimated reliably. The company uses the percentage of completion method based on the actual service performed as a percentage of the total services to be provided.

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 - at variable rates between 15%-30% on reducing balance
Fixtures and fittings - at variable rates between 15%-40% on reducing balance
Motor vehicles - at variable rates between 25%-30% 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.

Basic financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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.


Stephen Metcalf Limited (Registered number: 01815428)

Notes to the Financial Statements - continued
for the year ended 31 May 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.

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 7 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 118,306
Additions 995
Disposals (8,591 )
At 31 May 2024 110,710
DEPRECIATION
At 1 June 2023 88,412
Charge for year 6,967
Eliminated on disposal (7,704 )
At 31 May 2024 87,675
NET BOOK VALUE
At 31 May 2024 23,035
At 31 May 2023 29,894

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31/5/24 31/5/23
£    £   
Net obligations repayable:
Within one year 4,382 3,814
Between one and five years 791 5,174
5,173 8,988

Stephen Metcalf Limited (Registered number: 01815428)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

5. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31/5/24 31/5/23
£    £   
Within one year 5,118 12,502

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/24 31/5/23
value: £    £   
135 Ordinary £1 135 135