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STEPHENSON TRANSPORT LIMITED

Registered Number
04434246
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2025

STEPHENSON TRANSPORT LIMITED
Company Information
for the year from 1 June 2024 to 31 May 2025

Directors

N Stephenson
K Stephenson

Company Secretary

K Stephenson

Registered Address

Unit 4c Carlinghow Mills
501 Bradford Road
Batley
WF17 8LN

Registered Number

04434246 (England and Wales)
STEPHENSON TRANSPORT LIMITED
Balance Sheet as at
31 May 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets3103,575131,396
103,575131,396
Current assets
Debtors469,42093,142
Cash at bank and on hand68,51839,077
137,938132,219
Creditors amounts falling due within one year5(62,601)(54,333)
Net current assets (liabilities)75,33777,886
Total assets less current liabilities178,912209,282
Creditors amounts falling due after one year6(1,667)(11,667)
Provisions for liabilities7(21,916)(27,585)
Net assets155,329170,030
Capital and reserves
Called up share capital100100
Profit and loss account155,229169,930
Shareholders' funds155,329170,030
The financial statements were approved and authorised for issue by the Board of Directors on 16 July 2025, and are signed on its behalf by:
N Stephenson
Director
Registered Company No. 04434246
STEPHENSON TRANSPORT LIMITED
Notes to the Financial Statements
for the year ended 31 May 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Revenue from sale of goods
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss. Current tax represents the amount of tax payable in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Deferred tax liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery15
Vehicles15
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20252024
Average number of employees during the year88
3.Tangible fixed assets

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 June 2470,321210,615280,936
Disposals-(28,500)(28,500)
At 31 May 2570,321182,115252,436
Depreciation and impairment
At 01 June 2464,04885,492149,540
Charge for year94118,76819,709
On disposals-(20,388)(20,388)
At 31 May 2564,98983,872148,861
Net book value
At 31 May 255,33298,243103,575
At 31 May 246,273125,123131,396
4.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables69,42093,142
Total69,42093,142
5.Creditors: amounts due within one year

2025

2024

££
Bank borrowings and overdrafts10,00010,000
Taxation and social security38,12435,478
Other creditors622963
Accrued liabilities and deferred income13,8557,892
Total62,60154,333
6.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts1,66711,667
Total1,66711,667
7.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)21,91627,585
Total21,91627,585