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COMPANY REGISTRATION NUMBER: 05257835

Steven Wilson Limited

Filleted Unaudited Financial Statements

30 September 2024

Steven Wilson Limited

Statement of Financial Position

30 September 2024

| 2024 | 2023
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 303,255 | 281,299

Current assets

Stocks | 110,000 |  | 200,000
Debtors | 6 | 24,318 |  | 42,767
Cash at bank and in hand | 31,934 |  | 20,608
| --------- |  | ---------
| 166,252 |  | 263,375

Creditors: amounts falling due within one year | 7 | 149,111 |  | 253,523
| --------- |  | ---------
Net current assets |  | 17,141 | 9,852
|  | --------- | ---------
Total assets less current liabilities |  | 320,396 | 291,151

Creditors: amounts falling due after more than one year | 8 |  | 6,250 | 39,029

Provisions

Taxation including deferred tax |  | 55,309 | 41,638
|  | --------- | ---------
Net assets |  | 258,837 | 210,484
|  | --------- | ---------

Capital and reserves

Called up share capital |  | 10 | 10
Profit and loss account |  | 258,827 | 210,474
|  | --------- | ---------
Shareholders funds |  | 258,837 | 210,484
|  | --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the 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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Steven Wilson Limited

Statement of Financial Position (continued)

30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 18 September 2025 , and are signed on behalf of the board by:

Mr S W Wilson |
Director |

Company registration number: 05257835

Steven Wilson Limited

Notes to the Financial Statements

Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 1 Telford House, Warwick Road, Carlisle, Cumbria, CA1 2BT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 25% reducing balance
| Fixtures and fittings | - | 25% reducing balance
| Motor vehicles | - | 25% reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 21 (2023: 19 ).
5. Tangible assets

| Land and buildings | Plant and machinery | Fixtures and fittings | Motor vehicles | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 October 2023 | 62,150 | 289,113 | 65,282 | 91,264 | 507,809
Additions | – | 38,808 | 35,356 | 28,500 | 102,664
Disposals | – | ( 6,994) | – | – | ( 6,994)
| -------- | --------- | --------- | --------- | ---------
At 30 September 2024 | 62,150 | 320,927 | 100,638 | 119,764 | 603,479
| -------- | --------- | --------- | --------- | ---------
Depreciation |  |  |  |  |
At 1 October 2023 | – | 162,703 | 22,668 | 41,139 | 226,510
Charge for the year | – | 41,220 | 19,493 | 19,656 | 80,369
Disposals | – | ( 6,655) | – | – | ( 6,655)
| -------- | --------- | --------- | --------- | ---------
At 30 September 2024 | – | 197,268 | 42,161 | 60,795 | 300,224
| -------- | --------- | --------- | --------- | ---------
Carrying amount |  |  |  |  |
At 30 September 2024 | 62,150 | 123,659 | 58,477 | 58,969 | 303,255
| -------- | --------- | --------- | --------- | ---------
At 30 September 2023 | 62,150 | 126,410 | 42,614 | 50,125 | 281,299
| -------- | --------- | --------- | --------- | ---------

6. Debtors

| 2024 | 2023
| £ | £
Trade debtors | 857 | –
Other debtors | 23,461 | 42,767
| -------- | --------
| 24,318 | 42,767
| -------- | --------

7. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | – | 10,000
Trade creditors | 88,527 | 148,067
Corporation tax | 33,411 | 9,047
Social security and other taxes | 4,959 | 7,513
Other creditors | 22,214 | 78,896
| --------- | ---------
| 149,111 | 253,523
| --------- | ---------

8. Creditors: amounts falling due after more than one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | – | 7,497
Other creditors | 6,250 | 31,532
| ------- | --------
| 6,250 | 39,029
| ------- | --------

9. Related party transactions
The company was under the control of Mr S W Wilson throughout the current and previous year. Mr Wilson is the sole director and majority shareholder and together with his wife holds all of the issued share capital. During the year the company traded from premises owned by Mr Wilson. No Rent (2023 - £Nil) was charged to the company. During the year dividends of £41,112 (2023 - £40,217) were paid to Mr Wilson. On the balance sheet date the company owed Mr Wilson £14,848 (2023 - £59,075) and this is included in Other creditors.