Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302023-07-01truefalseNo description of principal activity33falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07680758 2023-07-01 2024-06-30 07680758 2022-07-01 2023-06-30 07680758 2024-06-30 07680758 2023-06-30 07680758 c:Director1 2023-07-01 2024-06-30 07680758 d:Buildings d:ShortLeaseholdAssets 2023-07-01 2024-06-30 07680758 d:Buildings d:ShortLeaseholdAssets 2024-06-30 07680758 d:Buildings d:ShortLeaseholdAssets 2023-06-30 07680758 d:FurnitureFittings 2023-07-01 2024-06-30 07680758 d:FurnitureFittings 2024-06-30 07680758 d:FurnitureFittings 2023-06-30 07680758 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07680758 d:OfficeEquipment 2023-07-01 2024-06-30 07680758 d:OfficeEquipment 2024-06-30 07680758 d:OfficeEquipment 2023-06-30 07680758 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07680758 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07680758 d:Goodwill 2024-06-30 07680758 d:Goodwill 2023-06-30 07680758 d:CurrentFinancialInstruments 2024-06-30 07680758 d:CurrentFinancialInstruments 2023-06-30 07680758 d:Non-currentFinancialInstruments 2024-06-30 07680758 d:Non-currentFinancialInstruments 2023-06-30 07680758 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 07680758 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 07680758 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 07680758 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 07680758 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 07680758 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 07680758 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 07680758 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 07680758 d:ShareCapital 2024-06-30 07680758 d:ShareCapital 2023-06-30 07680758 d:RetainedEarningsAccumulatedLosses 2024-06-30 07680758 d:RetainedEarningsAccumulatedLosses 2023-06-30 07680758 c:FRS102 2023-07-01 2024-06-30 07680758 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07680758 c:FullAccounts 2023-07-01 2024-06-30 07680758 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07680758 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 07680758









STEPHEN & SON GUNMAKERS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
STEPHEN & SON GUNMAKERS LIMITED
REGISTERED NUMBER: 07680758

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
40,373
53,830

  
40,373
53,830

Current assets
  

Stocks
 6 
290,254
255,970

Debtors: amounts falling due within one year
 7 
10,501
10,500

Cash at bank and in hand
 8 
7,382
-

  
308,137
266,470

Creditors: amounts falling due within one year
 9 
(302,208)
(261,350)

Net current assets
  
 
 
5,929
 
 
5,120

Total assets less current liabilities
  
46,302
58,950

Creditors: amounts falling due after more than one year
 10 
(13,461)
(29,453)

  

Net assets
  
32,841
29,497


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
32,741
29,397

  
32,841
29,497


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
STEPHEN & SON GUNMAKERS LIMITED
REGISTERED NUMBER: 07680758
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 March 2025.




Mr S Dupille
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
STEPHEN & SON GUNMAKERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Stephen & Son GunmakersLimited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is C/O Hillier Hopkins LLP, 249 Silbury Boulevard, Milton Keynes, Buckinghamshire, MK9 1NA .

The Company's principal activity is that of other manufacturing produce and sales.
The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £1.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

Page 3

 
STEPHEN & SON GUNMAKERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
STEPHEN & SON GUNMAKERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Short-term leasehold property
-
20%
Fixtures and fittings
-
25%
Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
STEPHEN & SON GUNMAKERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 6

 
STEPHEN & SON GUNMAKERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 July 2023
50,000



At 30 June 2024

50,000



Amortisation


At 1 July 2023
50,000



At 30 June 2024

50,000



Net book value



At 30 June 2024
-



At 30 June 2023
-



Page 7

 
STEPHEN & SON GUNMAKERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2023
64,000
19,975
5,375
89,350



At 30 June 2024

64,000
19,975
5,375
89,350



Depreciation


At 1 July 2023
23,040
10,419
2,061
35,520


Charge for the year on owned assets
10,240
2,389
828
13,457



At 30 June 2024

33,280
12,808
2,889
48,977



Net book value



At 30 June 2024
30,720
7,167
2,486
40,373



At 30 June 2023
40,960
9,556
3,314
53,830


6.


Stocks

2024
2023
£
£

Work in progress (goods to be sold)
290,254
255,970

290,254
255,970



7.


Debtors

2024
2023
£
£


Other debtors
10,501
10,500

10,501
10,500


Page 8

 
STEPHEN & SON GUNMAKERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
7,382
-

Less: bank overdrafts
-
(9,993)

7,382
(9,993)



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
9,993

Bank loans
16,451
20,216

Trade creditors
262,199
211,115

Other taxation and social security
16,015
10,035

Other creditors
3,706
6,259

Accruals and deferred income
3,837
3,732

302,208
261,350



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
13,461
29,453

13,461
29,453


Page 9

 
STEPHEN & SON GUNMAKERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
16,451
20,216


16,451
20,216

Amounts falling due 1-2 years

Bank loans
13,461
28,256


13,461
28,256

Amounts falling due 2-5 years

Bank loans
-
1,196


-
1,196


29,912
49,668


 
Page 10