Registered number
04675196
Stephen Crane Ltd
Filleted Accounts
28 February 2025
Stephen Crane Ltd
Registered number: 04675196
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 6,123 8,115
Current assets
Debtors 5 1,269 2,475
Cash at bank and in hand 52,507 44,662
53,776 47,137
Creditors: amounts falling due within one year 6 (13,530) (5,466)
Net current assets 40,246 41,671
Total assets less current liabilities 46,369 49,786
Provisions for liabilities (1,163) (1,542)
Net assets 45,206 48,244
Capital and reserves
Called up share capital 2 2
Profit and loss account 45,204 48,242
Shareholder's funds 45,206 48,244
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr Stephen Crane
Director
Approved by the board on 29 May 2025
Stephen Crane Ltd
Notes to the Accounts
for the year ended 28 February 2025
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 from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and equipment 20% Reducing balance basis
Motor vehicles 25% Reducing balance basis
Office equipment 3 years/20% Straight line basis
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2024 13,000
At 28 February 2025 13,000
Amortisation
At 1 March 2024 13,000
At 28 February 2025 13,000
Net book value
At 28 February 2025 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and equipment Motor vehicles Office equipment Total
£ £ £ £
Cost
At 1 March 2024 3,181 17,724 2,559 23,464
At 28 February 2025 3,181 17,724 2,559 23,464
Depreciation
At 1 March 2024 2,460 10,335 2,554 15,349
Charge for the year 144 1,847 1 1,992
At 28 February 2025 2,604 12,182 2,555 17,341
Net book value
At 28 February 2025 577 5,542 4 6,123
At 29 February 2024 721 7,389 5 8,115
5 Debtors 2025 2024
£ £
Other debtors 1,269 2,475
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 112 83
Taxation and social security costs 3,184 4,255
Other creditors 10,234 1,128
13,530 5,466
7 Other information
Stephen Crane Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5B Sunrise Business Park
Higher Shaftesbury Road
Blandford Forum
Dorset
DT11 8ST
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