Company Registration No. 03309824 (England and Wales)
STACEY BUILDERS LIMITED
Unaudited accounts
for the year ended 31 March 2025
STACEY BUILDERS LIMITED
Unaudited accounts
Contents
STACEY BUILDERS LIMITED
Company Information
for the year ended 31 March 2025
Directors
I K Green
W S Stacey
Company Number
03309824 (England and Wales)
Registered Office
Mead House
Little Mead Industrial Estate
Cranleigh
Surrey
GU6 8ND
Accountants
Worthweld PT Limited
5 Field End
Maresfield
Uckfield
East Sussex
TN22 2DJ
STACEY BUILDERS LIMITED
Statement of financial position
as at 31 March 2025
Tangible assets
43,104
55,211
Cash at bank and in hand
198,058
289,541
Creditors: amounts falling due within one year
(235,378)
(380,653)
Net current assets
165,555
183,399
Total assets less current liabilities
208,659
238,610
Creditors: amounts falling due after more than one year
(15,738)
(31,918)
Provisions for liabilities
Deferred tax
(8,190)
(13,803)
Net assets
184,731
192,889
Called up share capital
2
2
Profit and loss account
184,729
192,887
Shareholders' funds
184,731
192,889
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 directors acknowledge their 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 of Directors and authorised for issue on 2 June 2025 and were signed on its behalf by
I K Green
Director
Company Registration No. 03309824
STACEY BUILDERS LIMITED
Notes to the Accounts
for the year ended 31 March 2025
STACEY BUILDERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03309824. The registered office is Mead House, Little Mead Industrial Estate, Cranleigh, Surrey, GU6 8ND.
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.
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.
The financial statements have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, for work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% per anum on the reducing balance method
Motor vehicles
25% per anum on the reducing balance method
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
STACEY BUILDERS LIMITED
Notes to the Accounts
for the year ended 31 March 2025
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2024
36,005
126,355
162,360
At 31 March 2025
37,366
126,355
163,721
At 1 April 2024
28,835
78,314
107,149
Charge for the year
1,458
12,010
13,468
At 31 March 2025
30,293
90,324
120,617
At 31 March 2025
7,073
36,031
43,104
At 31 March 2024
7,170
48,041
55,211
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
25,545
34,060
Amounts falling due within one year
Trade debtors
183,846
253,008
Accrued income and prepayments
2,067
2,650
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
9,500
10,000
Obligations under finance leases and hire purchase contracts
6,618
8,664
Trade creditors
160,035
277,157
Taxes and social security
15,503
26,241
STACEY BUILDERS LIMITED
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
8,571
15,189
8
Deferred taxation
2025
2024
Accelerated capital allowances
8,190
13,803
Provision at start of year
13,803
-
(Credited)/charged to the profit and loss account
(5,613)
13,803
Provision at end of year
8,190
13,803
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
The Company operates a defined contribution pension scheme. The pension cost charge represents contributions payable by the Company in the year and amounted to £33046 (2024: £31996).
11
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
6,618
8,664
Later than one year and not later than five years
8,571
15,189
12
Transactions with related parties
The company is controlled by the directors who both have a 50% shareholding in the company.
The Directors received dividends of £1000 each during the year on their ordinary shares in the company (2024: £1000).
No other transactions required reporting during the year.
13
Average number of employees
During the year the average number of employees was 10 (2024: 10).