Registered number: 01360450 | ||||||||
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 | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Hampshire | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
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 | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
3,475,600 | 3,550,302 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 2,546,161 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 2,920,337 | 2,781,384 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||||
Plant And Machinery | reducing balance25% | |||||||
Fixtures And Fittings | reducing balance25% | |||||||
Equipment | reducing balance25% | |||||||
Motor Cars | reducing 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 | ||||||||
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 | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 21 | |||||
Stephens and Stuarts Engineering Co Ltd | ||||||||
3. TANGIBLE FIXED ASSETS | ||||||||||||
Short Leasehold | Plant and | Fixtures | ||||||||||
Properties | Machinery | and Fittings | Equipment | Motor Cars | Total | |||||||
£ | £ | £ | £ | £ | £ | |||||||
Cost | ||||||||||||
At 01/01/2024 | 9,125 | 453,109 | 29,963 | 13,940 | 464,714 | 970,851 | ||||||
Additions | - | - | - | - | 129,237 | 129,237 | ||||||
Disposals | - | - | - | - | (114,230) | (114,230) | ||||||
At 31/12/2024 | 9,125 | 453,109 | 29,963 | 13,940 | 479,721 | 985,858 | ||||||
Depreciation | ||||||||||||
At 01/01/2024 | 9,125 | 389,934 | 29,737 | 13,899 | 250,927 | 693,622 | ||||||
Disposals | - | - | - | - | (92,290) | (92,290) | ||||||
For the year | - | 15,794 | 56 | 10 | 61,007 | 76,867 | ||||||
At 31/12/2024 | 9,125 | 405,728 | 29,793 | 13,909 | 219,644 | 678,199 | ||||||
Net Book Amounts | ||||||||||||
At 31/12/2024 | - | 307,659 | ||||||||||
At 31/12/2023 | - | 277,229 | ||||||||||
4. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
5. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 249,629 | 333,263 | ||||||
Amounts due on contracts | 573,707 | 729,747 | ||||||
VAT | 129,750 | 112,949 | ||||||
Salaries and wages control | 12,855 | - | ||||||
Other debtors | 253 | 77,997 | ||||||
Prepayments | 12,943 | 12,566 | ||||||
Directors current account SB | 317,464 | 54,811 | ||||||
Directors current account LB | 56,000 | - | ||||||
1,352,601 | 1,321,333 | |||||||
Stephens and Stuarts Engineering Co Ltd | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 75,384 | 132,262 | ||||||
PAYE control | 244,459 | 506,440 | ||||||
Trade creditors | 488,635 | 359,737 | ||||||
Other creditors | - | 2,202 | ||||||
Pension schemes | 3,864 | - | ||||||
Accruals | 4,200 | 3,500 | ||||||
816,542 | 1,004,141 | |||||||
7. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 28,380 | 24,006 | ||||||
28,380 | 24,006 | |||||||
8. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
18000 | 18000 | |||||||
18,000 | 18,000 | |||||||
9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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