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REGISTERED NUMBER: 08509313 (England and Wales)












Financial Statements

for the Year Ended 30 April 2024

for

Stephens Premier Limited

Stephens Premier Limited (Registered number: 08509313)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stephens Premier Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: D M Stephens





REGISTERED OFFICE: 9 Police Street
Manchester
M2 7LQ





REGISTERED NUMBER: 08509313 (England and Wales)





ACCOUNTANTS: Archwood Accountants
Archwood House
46-48 Long Street
Middleton
Manchester
M24 6UQ

Stephens Premier Limited (Registered number: 08509313)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 105,108 69,858

CURRENT ASSETS
Inventories 528,000 340,000
Debtors 5 24,056 5,692
Cash at bank 16,738 118,009
568,794 463,701
CREDITORS
Amounts falling due within one year 6 338,882 192,967
NET CURRENT ASSETS 229,912 270,734
TOTAL ASSETS LESS CURRENT
LIABILITIES

335,020

340,592

CREDITORS
Amounts falling due after more than one
year

7

(113,233

)

(105,759

)

PROVISIONS FOR LIABILITIES (26,277 ) (17,465 )
NET ASSETS 195,510 217,368

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 195,410 217,268
195,510 217,368

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

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

Stephens Premier Limited (Registered number: 08509313)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 January 2025 and were signed by:





D M Stephens - Director


Stephens Premier Limited (Registered number: 08509313)

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

1. STATUTORY INFORMATION

Stephens Premier 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.

Turnover
Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Inventories 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

Stephens Premier Limited (Registered number: 08509313)

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

4. PROPERTY, PLANT AND EQUIPMENT
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 110,985 5,000 115,985
Additions 70,644 - 70,644
At 30 April 2024 181,629 5,000 186,629
DEPRECIATION
At 1 May 2023 44,477 1,650 46,127
Charge for year 34,288 1,106 35,394
At 30 April 2024 78,765 2,756 81,521
NET BOOK VALUE
At 30 April 2024 102,864 2,244 105,108
At 30 April 2023 66,508 3,350 69,858

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023 59,995
Additions 70,644
At 30 April 2024 130,639
DEPRECIATION
At 1 May 2023 14,999
Charge for year 28,910
At 30 April 2024 43,909
NET BOOK VALUE
At 30 April 2024 86,730
At 30 April 2023 44,996

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 22,000 -
Other debtors 2,056 5,692
24,056 5,692

Stephens Premier Limited (Registered number: 08509313)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 25,185 25,516
Hire purchase contracts 23,610 16,539
Trade creditors 229,959 130,299
Tax 18,767 13,758
Social security and other taxes 2,987 3,333
Pension creditor 983 795
VAT 35,157 -
Directors' current accounts 144 827
Accrued expenses 2,090 1,900
338,882 192,967

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 23,398 25,516
Bank loans - 2-5 years 5,404 31,895
Hire purchase contracts 84,431 48,348
113,233 105,759

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 108,041 64,887