REGISTERED NUMBER: 00885106 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

STEPHENS HAULAGE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D L Curl

Mr R W Edwards

SECRETARY:

Mrs D L Curl

REGISTERED OFFICE:

61-71 Wingate Road

Luton

Bedfordshire

LU4 8PP

REGISTERED NUMBER:

00885106 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

FIXED ASSETS

Tangible assets

5

142,878

212,488

CURRENT ASSETS

Stocks

5,350

5,500

Debtors

6

234,232

229,176

Cash at bank and in hand

1,056,683

948,183

1,296,265

1,182,859

CREDITORS

Amounts falling due within one year

7

388,052

465,436

NET CURRENT ASSETS

908,213

717,423

TOTAL ASSETS LESS CURRENT LIABILITIES

1,051,091

929,911

PROVISIONS FOR LIABILITIES

35,073

55,696

NET ASSETS

1,016,018

874,215

CAPITAL AND RESERVES

Called up share capital

8

248

248

Capital redemption reserve

40

40

Other reserves

1,250

1,250

Retained earnings

1,014,480

872,677

SHAREHOLDERS' FUNDS

1,016,018

874,215

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

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

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

Mr R W Edwards - Director

Mrs D L Curl - Director

1.	STATUTORY INFORMATION

Stephens Haulage 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The directors have considered the impact of the uncertainties of the global health crisis COVID-19 on the company. Contingency plans have been put in place in order to mitigate the negative effects of any period of interrupted trading. Accordingly the directors continue to adopt the going concern basis in preparing the financial statements.

Significant judgements and estimates

The preparation of financial statements requires management to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions 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 a continuing 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.

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.

Leasehold improvements

-

in accordance with the property

Plant and machinery

-

25% on cost and 20% on cost

Fixtures and fittings

-

25% on cost, 20% on cost, 15% on cost and 10% on cost

Stocks

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

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial assets and liabilities, including trade and other debtors, bank balances, trade and other creditors and are recognised at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 30 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

improvements

machinery

fittings

Totals

£

£

£

£

COST

At 1 January 2024

35,076

844,409

882,170

1,761,655

Additions

-

-

6,104

6,104

At 31 December 2024

35,076

844,409

888,274

1,767,759

DEPRECIATION

At 1 January 2024

35,076

654,117

859,974

1,549,167

Charge for year

-

60,579

15,135

75,714

At 31 December 2024

35,076

714,696

875,109

1,624,881

NET BOOK VALUE

At 31 December 2024

-

129,713

13,165

142,878

At 31 December 2023

-

190,292

22,196

212,488

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

189,209

189,155

Other debtors

45,023

40,021

234,232

229,176

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Payments on account

40,689

51,449

Trade creditors

97,369

219,021

Taxation and social security

234,115

171,679

Other creditors

15,879

23,287

388,052

465,436

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

40

'A' Ordinary

£1

40

40

208

'B' Ordinary

£1

208

208

248

248