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Registered number: 01360450

Stephens and Stuarts Engineering Co Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2024

Prepared By:
Alan Minshall Accountants Ltd
18 Whitemoor Road
Brockenhurst
Hampshire
SO42 7QG

Stephens and Stuarts Engineering Co Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
DIRECTORS
Steve Bundy
Linda Wolohan
Lee Bundy
Wayne Bundy
SECRETARY
Linda Wolohan
REGISTERED OFFICE
Rockingham Works
Nutwood Lane
Southampton
Hampshire
SO40 3SZ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 01360450
ACCOUNTANTS
Alan Minshall Accountants Ltd
18 Whitemoor Road
Brockenhurst
Hampshire
SO42 7QG

Stephens and Stuarts Engineering Co Ltd

ACCOUNTS
FOR THEYEARENDED31/12/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Stephens and Stuarts Engineering Co Ltd

BALANCE SHEET AT 31/12/2024
20242023
Notes££
FIXED ASSETS
Tangible assets3307,659277,229
CURRENT ASSETS
Stock4,0004,000
Debtors51,352,6011,321,333
Cash at bank and in hand2,118,9992,224,969
3,475,6003,550,302
CREDITORS: Amounts falling due within one year6816,5421,004,141
NET CURRENT ASSETS2,659,0582,546,161
TOTAL ASSETS LESS CURRENT LIABILITIES2,966,7172,823,390
PROVISIONS FOR LIABILITIES AND CHARGES728,38024,006
NET ASSETS2,938,3372,799,384
CAPITAL AND RESERVES
Called up share capital818,00018,000
Profit and loss account2,920,3372,781,384
SHAREHOLDERS' FUNDS2,938,3372,799,384
For the year ending 31/12/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25/03/2025 and signed on their behalf by
.............................
Linda Wolohan
Director

Stephens and Stuarts Engineering Co Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant And Machineryreducing balance25%
Fixtures And Fittingsreducing balance25%
Equipmentreducing balance25%
Motor Carsreducing balance25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value), after due allowance for obsolete or slow moving items.
1d. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised in respect of all timing differences that have orginated but not reserved 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 ny the year end and that are expected to apply to 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.

Stephens and Stuarts Engineering Co Ltd

1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1f. Turnover
Turnover is measured at the fair value of the consideration received or receivable excluding Value Added Tax and other Sales Taxes. Turnover represents net invoiced sales of services, excluding value added tax, except in the case of service contracts where turnover is recognised when the company obtains the right to consideration.
1g. Leasing Commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.
2. EMPLOYEES
20242023
No.No.
Average number of employees2921

Stephens and Stuarts Engineering Co Ltd

3. TANGIBLE FIXED ASSETS
Short LeaseholdPlant andFixtures
PropertiesMachineryand FittingsEquipmentMotor CarsTotal
££££££
Cost
At 01/01/20249,125453,10929,96313,940464,714970,851
Additions----129,237129,237
Disposals----(114,230)(114,230)
At 31/12/20249,125453,10929,96313,940479,721985,858
Depreciation
At 01/01/20249,125389,93429,73713,899250,927693,622
Disposals----(92,290)(92,290)
For the year-15,794561061,00776,867
At 31/12/20249,125405,72829,79313,909219,644678,199
Net Book Amounts
At 31/12/2024-47,38117031260,077307,659
At 31/12/2023-63,17522641213,787277,229
4. STOCK 20242023
££
Stock comprises:
Stock4,0004,000
4,0004,000
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors249,629333,263
Amounts due on contracts573,707729,747
VAT129,750112,949
Salaries and wages control12,855-
Other debtors25377,997
Prepayments12,94312,566
Directors current account SB317,46454,811
Directors current account LB56,000-
1,352,6011,321,333

Stephens and Stuarts Engineering Co Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax75,384132,262
PAYE control244,459506,440
Trade creditors488,635359,737
Other creditors-2,202
Pension schemes3,864-
Accruals4,2003,500
816,5421,004,141
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation28,38024,006
28,38024,006
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
18000 Ordinary shares of £1 each1800018000
18,00018,000
9. RELATED PARTY TRANSACTIONS
Director: Mr S Bundy - Balance at start of the year: £54,811 Amounts repaid during the year: (£54,811) Amounts advanced during the year: £317,464 Balance at the end of the year: £317,464
Director: Mr L Bundy - Balance at start of year: £0 Amounts repaid during the year: (£0) Amounts advanced during the year: £56,000 Balance at the end of the year: £56,000