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Registration number: 05216658

Stevens & Co. (SE) Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Stevens & Co. (SE) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 7

 

Stevens & Co. (SE) Limited

Company Information

Directors

C Simpson

P Simpson

Registered office

Suite G
1 Elwick Road
Ashford
Kent
TN23 1PD

 

Stevens & Co. (SE) Limited

(Registration number: 05216658)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,883

9,169

 

1,883

9,169

Current assets

 

Debtors

5

57,497

27,149

Cash at bank and in hand

 

2,874

23,642

 

60,371

50,791

Creditors: Amounts falling due within one year

6

(28,026)

(23,469)

Net current assets

 

32,345

27,322

Total assets less current liabilities

 

34,228

36,491

Creditors: Amounts falling due after more than one year

6

(11,997)

(24,277)

Net assets

 

22,231

12,214

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

22,131

12,114

Total equity

 

22,231

12,214

 

Stevens & Co. (SE) Limited

(Registration number: 05216658)
Balance Sheet as at 30 September 2024

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 June 2025 and signed on its behalf by:
 

.........................................

C Simpson
Director

.........................................

P Simpson
Director

 

Stevens & Co. (SE) Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite G
1 Elwick Road
Ashford
Kent
TN23 1PD

These financial statements were authorised for issue by the Board on 27 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention unless otherwise stated in these accounting policies.

Going concern

The financial statements are prepared on a basis other than goping concern as the company ceased trading on 30 September 2024. In the directors' opinion, no material adjustments need to be made to the financial statements as a result of the cessation.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services and the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Taxation

Charges or credits in respect of tax are recognised in profit or loss.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is provided in full on material timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income or expenditure in tax computations in periods different from those in which they are included in the financial statements. Deferred tax assets are recognised only to the extent that it is likely that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax liabilities and, where recognised, assets are not discounted.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Tangible fixed assets are subject to an annual impairment review.

 

Stevens & Co. (SE) Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their
expected useful economic life as follows:

Asset class

Depreciation method and rate

Office equipment

Reducing balance, 25% per annum

Computer equipment

Reducing balance, 33% per annum

Motor vehicle on finance lease

Straight-line over the lease term

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

Contributions made by the company to defined contribution pension schemes for the benefit of certain employees are charged to the profit and loss account as they are incurred.

Financial instruments

A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

Basic financial instruments are recognised at amortised cost. The company does not have any financial instruments that are not basic financial instruments.


3

Staff numbers

The average number of persons employed by the company (including the directors) during the year, was 3 (2023 - 6).

 

Stevens & Co. (SE) Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Total
£

Cost

At 1 October 2023

9,326

15,689

25,015

Disposals

(9,326)

-

(9,326)

At 30 September 2024

-

15,689

15,689

Depreciation

At 1 October 2023

7,217

8,629

15,846

Charge for the year

-

5,177

5,177

Eliminated on disposals

(7,217)

-

(7,217)

At 30 September 2024

-

13,806

13,806

Carrying amount

At 30 September 2024

-

1,883

1,883

At 30 September 2023

2,109

7,060

9,169

5

Debtors

Note

2024
£

2023
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

9

57,497

25,766

Other debtors

 

-

1,383

 

57,497

27,149

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

12,280

12,280

Taxation and social security

 

11,798

7,116

Accruals and deferred income

 

3,948

3,950

Other creditors

 

-

123

 

28,026

23,469

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

11,997

24,277

 

Stevens & Co. (SE) Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

10,000

Finance lease liabilities

2,280

2,280

12,280

12,280

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

6,667

16,667

Finance lease liabilities

5,330

7,610

11,997

24,277

The finance lease liabilities are secured on the assets to which they relate.

8

Obligations under operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

2,260

2,260

Later than one year and not later than five years

3,013

5,273

5,273

7,533

9

Related party transactions

Transactions with directors

2023

At 1 September 2022
£

Advances to director
£

Repayments by director
£

At 30 September 2023
£

A L Stevens

-

9,663

(9,663)

-

Advances to directors are unsecured, interest-free and repayable on the company's demand.

10

Parent and ultimate parent undertaking

The company is a wholly-owned subsidiary of Northwood (Ashford) Limited, a company incorporated in England and Wales.

Northwood (Ashford) Limited is the company's parent and ultimate parent undertaking. Northwood (Ashford) Limited is exempt from the requirement to prepare consolidated financial statements as the group is a small group.

The address of the registered office of Northwood (Ashford) Limited is Suite G, 1 Elwick Road, Ashford, Kent TN23 1PD.