IRIS Accounts Production v24.3.2.46 04635750 Board of Directors Board of Directors 1.2.24 31.1.25 31.1.25 false true false false true false 29755 29100 655 14304 15451 29755 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046357502024-01-31046357502025-01-31046357502024-02-012025-01-31046357502023-01-31046357502023-02-012024-01-31046357502024-01-3104635750ns15:EnglandWales2024-02-012025-01-3104635750ns14:PoundSterling2024-02-012025-01-3104635750ns10:Director12024-02-012025-01-3104635750ns10:Director22024-02-012025-01-3104635750ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3104635750ns10:SmallEntities2024-02-012025-01-3104635750ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3104635750ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3104635750ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3104635750ns10:FullAccounts2024-02-012025-01-310463575043ns10:Director32024-01-310463575043ns10:Director32023-01-310463575043ns10:Director32023-02-012024-01-310463575043ns10:Director32024-02-012025-01-310463575043ns10:Director32025-01-310463575043ns10:Director32024-01-3104635750ns10:Director32024-02-012025-01-3104635750ns10:Director42024-02-012025-01-3104635750ns10:CompanySecretary12024-02-012025-01-3104635750ns10:RegisteredOffice2024-02-012025-01-3104635750ns5:CurrentFinancialInstruments2025-01-3104635750ns5:CurrentFinancialInstruments2024-01-3104635750ns5:ShareCapital2025-01-3104635750ns5:ShareCapital2024-01-3104635750ns5:RetainedEarningsAccumulatedLosses2025-01-3104635750ns5:RetainedEarningsAccumulatedLosses2024-01-3104635750ns5:PlantMachinery2024-02-012025-01-3104635750ns5:MotorVehicles2024-02-012025-01-3104635750ns5:PlantMachinery2024-01-3104635750ns5:MotorVehicles2024-01-3104635750ns5:PlantMachinery2025-01-3104635750ns5:MotorVehicles2025-01-3104635750ns5:PlantMachinery2024-01-3104635750ns5:MotorVehicles2024-01-3104635750ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3104635750ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3104635750ns5:DeferredTaxation2024-01-3104635750ns5:DeferredTaxation2024-02-012025-01-3104635750ns5:DeferredTaxation2025-01-31046357504ns10:Director42024-01-31046357504ns10:Director42023-01-31046357504ns10:Director42024-02-012025-01-31046357504ns10:Director42023-02-012024-01-31046357504ns10:Director42025-01-31046357504ns10:Director42024-01-31
REGISTERED NUMBER: 04635750 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2025

for

STEPHENSON BROS LTD

STEPHENSON BROS LTD (Registered number: 04635750)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STEPHENSON BROS LTD

Company Information
for the Year Ended 31 January 2025







DIRECTORS: Mr M J Stephenson
Mr A C Stephenson





SECRETARY: Mrs K Stephenson





REGISTERED OFFICE: Bridleway Farm
Church Lane
Bromeswell
WOODBRIDGE
Suffolk
IP12 2PJ





REGISTERED NUMBER: 04635750 (England and Wales)





ACCOUNTANTS: Turner & Ellerby
5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ

STEPHENSON BROS LTD (Registered number: 04635750)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,112 21,389

CURRENT ASSETS
Debtors 5 29,520 52,447
Cash at bank 18,858 3,063
48,378 55,510
CREDITORS
Amounts falling due within one year 6 6,908 8,464
NET CURRENT ASSETS 41,470 47,046
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,582

68,435

PROVISIONS FOR LIABILITIES 7 3,300 4,100
NET ASSETS 55,282 64,335

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 55,280 64,333
SHAREHOLDERS' FUNDS 55,282 64,335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

STEPHENSON BROS LTD (Registered number: 04635750)

Balance Sheet - continued
31 January 2025


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 February 2025 and were signed on its behalf by:




Mr M J Stephenson - Director



Mr A C Stephenson - Director


STEPHENSON BROS LTD (Registered number: 04635750)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

STEPHENSON BROS LTD 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
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 - 20% on reducing balance
Motor vehicles - 20% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

STEPHENSON BROS LTD (Registered number: 04635750)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2024
and 31 January 2025 130,429 19,091 149,520
DEPRECIATION
At 1 February 2024 112,242 15,889 128,131
Charge for year 3,637 640 4,277
At 31 January 2025 115,879 16,529 132,408
NET BOOK VALUE
At 31 January 2025 14,550 2,562 17,112
At 31 January 2024 18,187 3,202 21,389

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 4,026 12,870
Directors' current accounts 15,451 29,755
Tax 10,043 9,822
29,520 52,447

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Tax 6,104 6,911
VAT 204 953
Accrued expenses 600 600
6,908 8,464

7. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 3,300 4,100

Deferred
tax
£   
Balance at 1 February 2024 4,100
Credit to Income Statement during year (800 )
Balance at 31 January 2025 3,300

STEPHENSON BROS LTD (Registered number: 04635750)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 2024
£    £   
Mr A C Stephenson and Mr M J Stephenson
Balance outstanding at start of year 29,755 29,100
Amounts advanced - 655
Amounts repaid (14,304 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,451 29,755