1 April 2024 false No description of principal activity Taxfiler 2024.6 08283367business:PrivateLimitedCompanyLtd2024-04-012025-03-31 082833672024-03-31 082833672024-04-012025-03-31 08283367business:AuditExempt-NoAccountantsReport2024-04-012025-03-31 08283367business:FilletedAccounts2024-04-012025-03-31 082833672025-03-31 08283367business:Director22024-04-012025-03-31 08283367business:RegisteredOffice2024-04-012025-03-31 082833672024-03-31 08283367core:WithinOneYear2025-03-31 08283367core:WithinOneYear2024-03-31 08283367core:AfterOneYear2025-03-31 08283367core:AfterOneYear2024-03-31 08283367core:ShareCapitalcore:PreviouslyStatedAmount2025-03-31 08283367core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 08283367core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-03-31 08283367core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 08283367core:PreviouslyStatedAmount2025-03-31 08283367core:PreviouslyStatedAmount2024-03-31 08283367business:SmallEntities2024-04-012025-03-31 08283367countries:EnglandWales2024-04-012025-03-31 08283367core:MotorVehicles2024-04-012025-03-31 08283367core:FurnitureFittings2024-04-012025-03-31 08283367core:ComputerEquipment2024-04-012025-03-31 08283367core:MotorVehicles2024-03-31 08283367core:FurnitureFittings2024-03-31 08283367core:ComputerEquipment2024-03-31 08283367core:MotorVehicles2025-03-31 08283367core:FurnitureFittings2025-03-31 08283367core:ComputerEquipment2025-03-31 08283367core:AfterOneYear2024-04-012025-03-31 08283367business:OrdinaryShareClass12024-04-012025-03-31 08283367business:OrdinaryShareClass12023-04-012024-03-31 08283367core:BetweenOneFiveYears2025-03-31 08283367core:BetweenOneFiveYears2024-03-31 082833672023-04-012024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08283367 (England and Wales)
STEPHAN LIMITED Unaudited accounts for the year ended 31 March 2025
STEPHAN LIMITED Unaudited accounts Contents
Page
- 2 -
STEPHAN LIMITED Company Information for the year ended 31 March 2025
Director
TAGHIZADEH Siamak
Company Number
08283367 (England and Wales)
Registered Office
586-588 Wimborne Road Bournemouth BH9 2ER
- 3 -
STEPHAN LIMITED Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
155,062 
134,340 
Current assets
Inventories
33,845 
8,355 
Debtors
7,459 
437,149 
Cash at bank and in hand
39,189 
40,071 
80,493 
485,575 
Creditors: amounts falling due within one year
(134,695)
(146,144)
Net current (liabilities)/assets
(54,202)
339,431 
Total assets less current liabilities
100,860 
473,771 
Creditors: amounts falling due after more than one year
(32,500)
(65,000)
Net assets
68,360 
408,771 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
68,260 
408,671 
Shareholders' funds
68,360 
408,771 
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 April 2025 and were signed on its behalf by
TAGHIZADEH Siamak Director Company Registration No. 08283367
- 4 -
STEPHAN LIMITED Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
STEPHAN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08283367. The registered office is 586-588 Wimborne Road, Bournemouth, BH9 2ER.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Presentation currency
The accounts are presented in £ sterling.
- 5 -
STEPHAN LIMITED Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2024
12,000 
376,504 
42,442 
430,946 
Additions
37,175 
24,950 
3,339 
65,464 
Disposals
(12,000)
- 
(33,463)
(45,463)
At 31 March 2025
37,175 
401,454 
12,318 
450,947 
Depreciation
At 1 April 2024
11,024 
262,464 
23,118 
296,606 
Charge for the year
- 
28,510 
2,470 
30,980 
On disposals
(11,024)
- 
(20,677)
(31,701)
At 31 March 2025
- 
290,974 
4,911 
295,885 
Net book value
At 31 March 2025
37,175 
110,480 
7,407 
155,062 
At 31 March 2024
976 
114,040 
19,324 
134,340 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
7,459 
28,150 
Other debtors
- 
68,106 
7,459 
96,256 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
- 
340,893 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
30,000 
30,000 
VAT
29,476 
24,710 
Trade creditors
19,979 
25,012 
Taxes and social security
(11,892)
16,995 
Other creditors
27,614 
18,241 
Loans from directors
- 
29,414 
Accruals
39,518 
1,772 
134,695 
146,144 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
32,500 
65,000 
The bank loan is secured by fixed and floating charges over assets of the company.
- 6 -
STEPHAN LIMITED Notes to the Accounts for the year ended 31 March 2025
8
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Operating lease commitments
2025 
2024 
£ 
£ 
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
60,000 
60,000 
Later than one year and not later than five years
300,000 
- 
360,000 
60,000 
10
Transactions with related parties
During the year the company paid dividends totalling £255,687. The related party loan balance at year end was £nil (2024 £340,893) to the related party. Interest was charged at the market rate.
11
Average number of employees
During the year the average number of employees was 24 (2024: 25).
- 7 -