Stephen Hargreaves Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04792176 (England and Wales)

Financial Statements

for the Year Ended 30 June 2025

for

Stephen Hargreaves Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S L Hargreaves

SECRETARY:

Mrs A Hargreaves

REGISTERED OFFICE:

11 Raynville Place

LEEDS

West Yorkshire

LS13 2PT

REGISTERED NUMBER:

04792176 (England and Wales)

ACCOUNTANTS:

SKS Bailey Group Limited

Suite 4, 10/12 The Grove,

Ilkley

West Yorkshire

LS29 9EG

Fixed assets

Tangible assets

3

3,457

4,609

Current assets

Debtors

4

1,833

2,105

Cash at bank

3,331

1,861

5,164

3,966

Creditors

Amounts falling due within one year

5

(18,205

)

(16,794

)

Net current liabilities

(13,041

)

(12,828

)

Total assets less current liabilities

(9,584

)

(8,219

)

Capital and reserves

Called up share capital

6

100

Retained earnings

7

(9,684

)

(8,319

)

Shareholders' funds

(9,584

)

(8,219

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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 by the director and authorised for issue on 15 September 2025 and were signed by:

S L Hargreaves - Director

1.	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.

The financial statements have been prepared on a going concern basis which the director believes to be appropriate.

The director will not press for repayment of his substantial loan to the company for the foreseeable future.

all outside creditors can be paid in full.

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.

Plant and machinery

-

15% on cost

Motor vehicles

-

25% on reducing balance

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

GOING CONCERN

The accounts are prepared on the basis that the director of the company have agreed they will not withdraw funds until the company has the available profits and cash flow and continue to support the company for the foreseeable future.

At the balance sheet date, liabilities exceed assets by £9,584 (2024 : £8,219). However the financial statements have been prepared on a going concern basis as the company has the continuing support from its director and majority shareholders, Stephen Hargreaves. The director is therefore satisfied that the financial statements have been correctly prepared on the going concern basis.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 July 2024

100

8,740

8,840

Disposals

(100

)

-

(100

)

At 30 June 2025

-

8,740

DEPRECIATION

At 1 July 2024

100

4,131

4,231

Charge for year

-

1,152

Eliminated on disposal

(100

)

-

(100

)

At 30 June 2025

-

5,283

NET BOOK VALUE

At 30 June 2025

-

3,457

At 30 June 2024

-

4,609

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

1,482

1,608

Prepayments

351

497

1,833

2,105

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

VAT

385

438

Directors' current accounts

17,065

15,657

Accrued expenses

755

699

18,205

16,794

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100

7.

RESERVES

Retained

earnings

£

At 1 July 2024

(8,319

)

Deficit for the year

(1,365

)

At 30 June 2025

(9,684

)

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

No dividends were paid to the director throughout the year ended 30th June 2025 (Nil - 2024). The Company owed the director £17,065 as at 30th June 2025 (£15,657 - 2024).

9.	ULTIMATE CONTROLLING PARTY

The controlling party is S L Hargreaves.