Registered number
13288942
Stevensons Luxury Interior & Accessories Limited
Filleted Accounts
30 September 2024
Stevensons Luxury Interior & Accessories Limited
Registered number: 13288942
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 1,442 331
Cash at bank and in hand - 9,895
1,442 10,226
Creditors: amounts falling due within one year 4 (5,139) (7,891)
Net current (liabilities)/assets (3,697) 2,335
Net (liabilities)/assets (3,697) 2,335
Capital and reserves
Called up share capital 100 100
Profit and loss account (3,797) 2,235
Shareholders' funds (3,697) 2,335
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C L Braithwaite
Director
Approved by the board on 12 March 2025
Stevensons Luxury Interior & Accessories Limited
Notes to the Accounts
for the period from 1 April 2023 to 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and the sale is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2024 2023
£ £
Trade debtors 1,342 231
Other debtors 100 100
1,442 331
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,658 -
Trade creditors 2,466 7,367
Taxation and social security costs 15 524
5,139 7,891
5 Related party transactions
No dividends were paid to the shareholding directors during the period.
6 Controlling party
The company is wholly controlled by the directors.
7 Other information
Stevensons Luxury Interior & Accessories Limited is a private company limited by shares and incorporated in England. Its registered office is:
143-151 Cleethorpe Road
Grimsby
North East Lincolnshire
DN31 3AY
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