Registration number:
Stevens & Co. (SE) Limited
for the Year Ended 30 September 2024
Stevens & Co. (SE) Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Stevens & Co. (SE) Limited
Company Information
Directors |
C Simpson P Simpson |
Registered office |
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Stevens & Co. (SE) Limited
(Registration number: 05216658)
Balance Sheet as at 30 September 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Profit and loss account |
22,131 |
12,114 |
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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:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
.........................................
Director
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Director
Stevens & Co. (SE) Limited
Notes to the Financial Statements for the Year Ended 30 September 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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
Basic financial instruments are recognised at amortised cost. The company does not have any financial instruments that are not basic financial instruments.
Staff numbers |
The average number of persons employed by the company (including the directors) during the year, was
Stevens & Co. (SE) Limited
Notes to the Financial Statements for the Year Ended 30 September 2024
Tangible assets |
Office equipment |
Motor vehicles |
Total |
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Cost |
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At 1 October 2023 |
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Disposals |
( |
- |
( |
At 30 September 2024 |
- |
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Depreciation |
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At 1 October 2023 |
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Charge for the year |
- |
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Eliminated on disposals |
( |
- |
( |
At 30 September 2024 |
- |
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Carrying amount |
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At 30 September 2024 |
- |
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At 30 September 2023 |
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Debtors |
Note |
2024 |
2023 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
- |
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Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
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Due within one year |
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Loans and borrowings |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
- |
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Creditors: amounts falling due after more than one year
Note |
2024 |
2023 |
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Due after one year |
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Loans and borrowings |
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Stevens & Co. (SE) Limited
Notes to the Financial Statements for the Year Ended 30 September 2024
Loans and borrowings |
Current loans and borrowings
2024 |
2023 |
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Bank borrowings |
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Finance lease liabilities |
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Non-current loans and borrowings
2024 |
2023 |
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Bank borrowings |
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Finance lease liabilities |
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The finance lease liabilities are secured on the assets to which they relate.
Obligations under operating leases |
The total of future minimum lease payments is as follows:
2024 |
2023 |
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Not later than one year |
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Later than one year and not later than five years |
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Related party transactions |
Transactions with directors |
2023 |
At 1 September 2022 |
Advances to director |
Repayments by director |
At 30 September 2023 |
A L Stevens |
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- |
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( |
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Advances to directors are unsecured, interest-free and repayable on the company's demand.
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.