REGISTERED NUMBER: 10441035 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31st December 2024

for

Stevens J Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTOR:

J Stevens

REGISTERED OFFICE:

45 North Hill Road

Cirencester

Gloucestershire

GL7 1PG

REGISTERED NUMBER:

10441035 (England and Wales)

ACCOUNTANTS:

Wildin (Accountants & Auditors) Ltd

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

FIXED ASSETS

Tangible assets

4

154,590

142,811

CURRENT ASSETS

Stocks

5

73,995

116,404

Debtors

6

108,868

167,479

Cash at bank and in hand

111,804

131,605

294,667

415,488

CREDITORS

Amounts falling due within one year

7

295,151

434,298

NET CURRENT LIABILITIES

(484

)

(18,810

)

TOTAL ASSETS LESS CURRENT LIABILITIES

154,106

124,001

CREDITORS

Amounts falling due after more than one year

8

(61,149

)

(28,056

)

PROVISIONS FOR LIABILITIES

11

(30,918

)

(28,562

)

NET ASSETS

62,039

67,383

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

13

61,939

67,283

SHAREHOLDERS' FUNDS

62,039

67,383

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 23rd May 2025 and were signed by:

J Stevens - Director

1.	STATUTORY INFORMATION

Stevens J Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st January 2024

4,256

5,794

249,289

17,899

277,238

Additions

-

-

47,650

1,913

49,563

At 31st December 2024

4,256

5,794

296,939

19,812

326,801

DEPRECIATION

At 1st January 2024

1,971

1,915

117,283

13,258

134,427

Charge for year

457

582

34,987

1,758

37,784

At 31st December 2024

2,428

2,497

152,270

15,016

172,211

NET BOOK VALUE

At 31st December 2024

1,828

3,297

144,669

4,796

154,590

At 31st December 2023

2,285

3,879

132,006

4,641

142,811

5.

STOCKS

31.12.24

31.12.23

£

£

Stocks

73,995

116,404

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

SOT Debtors

108,868

167,479

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts (see note 9)

-

20,184

SOT creditors

49,085

105,906

Tax

11,206

15,670

VAT

26,919

28,598

RA Finance

68,111

103,172

Directors' current accounts

131,613

151,759

Accrued expenses

8,217

9,009

295,151

434,298

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans (see note 9)

14,167

24,167

Hire purchase contracts

46,982

3,889

61,149

28,056

31.12.24

31.12.23

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

14,167

24,167

9.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

20,184

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

14,167

24,167

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Snap on Tools Limited

117,196

209,078

Snap on UK Holdings Limited have a fixed and floating charge over the assets of the company.

11.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

30,918

28,562

Deferred

tax

£

Balance at 1st January 2024

28,562

Charge to Income Statement during year

2,356

Balance at 31st December 2024

30,918

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

13.

RESERVES

Retained

earnings

£

At 1st January 2024

67,283

Profit for the year

54,656

Dividends

(60,000

)

At 31st December 2024

61,939

14.	RELATED PARTY DISCLOSURES

During the year, total dividends of £30,600 (2023 - £30,600) were paid to the director .

15.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Stevens.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stevens J Limited for the year ended 31st December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the director of Stevens J Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Stevens J Limited and state those matters that we have agreed to state to the director of Stevens J Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Stevens J Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Stevens J Limited. You consider that Stevens J Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Stevens J Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wildin (Accountants & Auditors) Ltd

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

Date: 23rd May 2025