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REGISTERED NUMBER: 06502233 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

STEVENS TRANSPORT LIMITED

STEVENS TRANSPORT LIMITED (REGISTERED NUMBER: 06502233)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STEVENS TRANSPORT LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTORS: A B Stevens
Mrs L J Stevens





SECRETARY: Mrs L J Stevens





REGISTERED OFFICE: Bridge House
25 Fiddlebridge Lane
Hatfield
Hertfordshire
AL10 0SP





REGISTERED NUMBER: 06502233 (England and Wales)





ACCOUNTANTS: Lovetts Accountants Limited
Bridge House
25 Fiddlebridge Lane
Hatfield
Hertfordshire
AL10 0SP

STEVENS TRANSPORT LIMITED (REGISTERED NUMBER: 06502233)

BALANCE SHEET
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 33,892 54,171

CURRENT ASSETS
Debtors 5 18,609 19,724
Cash at bank 1,598 215
20,207 19,939
CREDITORS
Amounts falling due within one year 6 41,851 55,259
NET CURRENT LIABILITIES (21,644 ) (35,320 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,248

18,851

CREDITORS
Amounts falling due after more than one
year

7

-

(5,373

)

PROVISIONS FOR LIABILITIES (8,473 ) (13,543 )
NET ASSETS/(LIABILITIES) 3,775 (65 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,675 (165 )
SHAREHOLDERS' FUNDS 3,775 (65 )

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

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

STEVENS TRANSPORT LIMITED (REGISTERED NUMBER: 06502233)

BALANCE SHEET - continued
31 August 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 Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





A B Stevens - Director


STEVENS TRANSPORT LIMITED (REGISTERED NUMBER: 06502233)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Stevens Transport 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, excluding value added tax.

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 - 12.5% on cost/over 8 years
Computer equipment - 25% on cost

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.

Going concern
As at 31 August 2024, the company has an excess of current liabilities over current assets and is dependent upon the continued support of its directors. Therefore, the accounts have been prepared on a going concern basis in the knowledge this support will continue.

STEVENS TRANSPORT LIMITED (REGISTERED NUMBER: 06502233)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 162,235 2,200 164,435
DEPRECIATION
At 1 September 2023 108,064 2,200 110,264
Charge for year 20,279 - 20,279
At 31 August 2024 128,343 2,200 130,543
NET BOOK VALUE
At 31 August 2024 33,892 - 33,892
At 31 August 2023 54,171 - 54,171

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023
and 31 August 2024 162,235
DEPRECIATION
At 1 September 2023 108,064
Charge for year 20,279
At 31 August 2024 128,343
NET BOOK VALUE
At 31 August 2024 33,892
At 31 August 2023 54,171

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 8,760 10,950
Other debtors 9,849 8,774
18,609 19,724

STEVENS TRANSPORT LIMITED (REGISTERED NUMBER: 06502233)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 5,373 21,490
Trade creditors 3,905 4,977
Taxation and social security 15,715 21,707
Other creditors 16,858 7,085
41,851 55,259

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts - 5,373