REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 August 2024 to 31 January 2025 |
for |
Stevenson Building Contractors Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 August 2024 to 31 January 2025 |
for |
Stevenson Building Contractors Limited |
Stevenson Building Contractors Limited (Registered number: 04475375) |
Contents of the Financial Statements |
for the Period 1 August 2024 to 31 January 2025 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Stevenson Building Contractors Limited |
Company Information |
for the Period 1 August 2024 to 31 January 2025 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
701 Stonehouse Park |
Sperry Way |
Stonehouse |
Gloucestershire |
GL10 3UT |
Stevenson Building Contractors Limited (Registered number: 04475375) |
Balance Sheet |
31 January 2025 |
2025 | 2024 |
Notes | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | 10 |
SHAREHOLDERS' FUNDS |
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. |
Stevenson Building Contractors Limited (Registered number: 04475375) |
Balance Sheet - continued |
31 January 2025 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Stevenson Building Contractors Limited (Registered number: 04475375) |
Notes to the Financial Statements |
for the Period 1 August 2024 to 31 January 2025 |
1. | STATUTORY INFORMATION |
Stevenson Building Contractors Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered. |
Goodwill |
Goodwill, being the excess of the cost of acquisition over the fair value of net assets of an unincorporated business acquired in 2002, was amortised evenly over its estimated useful life of ten years. |
Tangible fixed assets |
Plant and machinery | - |
Motor vehicles | - |
Computer equipment | - |
Stock and work in progress |
Stock is valued at the lower of cost and net realisable value. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. |
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential. |
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in the profit or loss. Reversals of impairment losses are also recognised in profit or loss. |
Work in progress is valued to reflect the accrual of the right to consideration as project activity progresses. |
Costs associated with projects are included in work in progress to the extent that they cannot be matched with work invoiced as turnover. Work in progress is is stated at cost plus estimated profit. |
Full provision is made on all projects in the year in which a loss is first foreseen. |
Stevenson Building Contractors Limited (Registered number: 04475375) |
Notes to the Financial Statements - continued |
for the Period 1 August 2024 to 31 January 2025 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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. |
Judgements and key sources of estimation uncertainty |
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumption about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based upon historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
Stevenson Building Contractors Limited (Registered number: 04475375) |
Notes to the Financial Statements - continued |
for the Period 1 August 2024 to 31 January 2025 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 August 2024 |
and 31 January 2025 |
AMORTISATION |
At 1 August 2024 |
and 31 January 2025 |
NET BOOK VALUE |
At 31 January 2025 |
At 31 July 2024 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 August 2024 |
Additions |
At 31 January 2025 |
DEPRECIATION |
At 1 August 2024 |
Charge for period |
At 31 January 2025 |
NET BOOK VALUE |
At 31 January 2025 |
At 31 July 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2024 |
£ | £ |
Trade debtors |
Other debtors |
Stevenson Building Contractors Limited (Registered number: 04475375) |
Notes to the Financial Statements - continued |
for the Period 1 August 2024 to 31 January 2025 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2024 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2025 | 2024 |
£ | £ |
Within one year |
Between one and five years |
Amounts recognised in profit or loss as an expense during the period in respect of vehicle operating lease arrangements are 2025: £26,932 and 2024: £71,296. |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2025 | 2024 |
value: | £ | £ |
Ordinary A | £1 | 200 | 200 |
Ordinary B | £1 | 200 | 200 |
400 | 400 |
10. | RESERVES |
Retained |
earnings |
£ |
At 1 August 2024 |
Profit for the period |
At 31 January 2025 |