1 April 2024 false Taxfiler 2024.6 03309824business:PrivateLimitedCompanyLtd2024-04-012025-03-31 033098242024-03-31 033098242024-04-012025-03-31 03309824business:AuditExemptWithAccountantsReport2024-04-012025-03-31 03309824business:FilletedAccounts2024-04-012025-03-31 033098242025-03-31 03309824business:Director12024-04-012025-03-31 03309824business:Director22024-04-012025-03-31 03309824business:RegisteredOffice2024-04-012025-03-31 033098242024-03-31 03309824core:WithinOneYear2025-03-31 03309824core:WithinOneYear2024-03-31 03309824core:AfterOneYear2025-03-31 03309824core:AfterOneYear2024-03-31 03309824core:ShareCapitalcore:PreviouslyStatedAmount2025-03-31 03309824core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 03309824core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-03-31 03309824core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 03309824core:PreviouslyStatedAmount2025-03-31 03309824core:PreviouslyStatedAmount2024-03-31 03309824business:SmallEntities2024-04-012025-03-31 03309824countries:EnglandWales2024-04-012025-03-31 03309824core:PlantMachinery2024-04-012025-03-31 03309824core:MotorVehicles2024-04-012025-03-31 03309824core:PlantMachinery2024-03-31 03309824core:MotorVehicles2024-03-31 03309824core:PlantMachinery2025-03-31 03309824core:MotorVehicles2025-03-31 03309824core:MotorVehiclescore:LeasedAssetsHeldAsLessee2025-03-31 03309824core:MotorVehiclescore:LeasedAssetsHeldAsLessee2024-03-31 03309824core:AcceleratedTaxDepreciationDeferredTax2025-03-31 03309824core:AcceleratedTaxDepreciationDeferredTax2024-03-31 033098242023-03-31 033098242023-04-012024-03-31 03309824business:OrdinaryShareClass12024-04-012025-03-31 03309824business:OrdinaryShareClass12023-04-012024-03-31 03309824core:BetweenOneFiveYears2025-03-31 03309824core:BetweenOneFiveYears2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
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
Page
- 2 -
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
- 3 -
STACEY BUILDERS LIMITED Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
43,104 
55,211 
Current assets
Inventories
11,791 
10,916 
Debtors
191,084 
263,595 
Cash at bank and in hand
198,058 
289,541 
400,933 
564,052 
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 
Capital and reserves
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
- 4 -
STACEY BUILDERS LIMITED Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
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.
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 financial statements have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
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.
Deferred taxation
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.
- 5 -
STACEY BUILDERS LIMITED Notes to the Accounts for the year ended 31 March 2025
Pension costs
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.
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.
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 
Additions
1,361 
- 
1,361 
At 31 March 2025
37,366 
126,355 
163,721 
Depreciation
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 
Net book value
At 31 March 2025
7,073 
36,031 
43,104 
At 31 March 2024
7,170 
48,041 
55,211 
2025 
2024 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
25,545 
34,060 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
183,846 
253,008 
Accrued income and prepayments
2,067 
2,650 
Other debtors
5,171 
7,937 
191,084 
263,595 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
9,500 
10,000 
VAT
41,922 
39,916 
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 
Accruals
1,800 
18,675 
235,378 
380,653 
- 6 -
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 
£ 
£ 
Bank loans
7,167 
16,729 
Obligations under finance leases and hire purchase contracts
8,571 
15,189 
15,738 
31,918 
8
Deferred taxation
2025 
2024 
£ 
£ 
Accelerated capital allowances
8,190 
13,803 
2025 
2024 
£ 
£ 
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 
9
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
10
Pension commitments
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 
15,189 
23,853 
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).
- 7 -