REGISTERED NUMBER: 03125088 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

K STEVENS (LEICESTER) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

Ms A J Anderson

Mrs R E Stevens

D K Stevens

SECRETARY:

Ms A J Anderson

REGISTERED OFFICE:

Portishead Road

Leicester

Leicestershire

LE5 0JL

REGISTERED NUMBER:

03125088 (England and Wales)

ACCOUNTANTS:

Higson & Co (Deal) Ltd

45 Queen Street

Deal

Kent

CT14 6EY

FIXED ASSETS

Intangible assets

4

8,374

9,374

Tangible assets

5

81,884

83,862

90,258

93,236

CURRENT ASSETS

Stocks

171,146

219,351

Debtors

6

100,787

90,562

Cash at bank and in hand

391,989

523,678

663,922

833,591

CREDITORS

Amounts falling due within one year

7

141,858

86,285

NET CURRENT ASSETS

522,064

747,306

TOTAL ASSETS LESS CURRENT LIABILITIES

612,322

840,542

CAPITAL AND RESERVES

Called up share capital

74

100

Capital redemption reserve

26

-

Retained earnings

612,222

840,442

612,322

840,542

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 29 September 2025 and were signed on its behalf by:

Ms A J Anderson - Director

Mrs R E Stevens - Director

D K Stevens - Director

1.	STATUTORY INFORMATION

K Stevens (Leicester) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Improvements to property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

10,000

AMORTISATION

At 1 January 2024

626

Amortisation for year

1,000

At 31 December 2024

1,626

NET BOOK VALUE

At 31 December 2024

8,374

At 31 December 2023

9,374

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

33,381

321,689

37,556

Additions

-

10,894

-

At 31 December 2024

33,381

332,583

37,556

DEPRECIATION

At 1 January 2024

668

303,419

16,432

Charge for year

667

4,798

5,281

At 31 December 2024

1,335

308,217

21,713

NET BOOK VALUE

At 31 December 2024

32,046

24,366

15,843

At 31 December 2023

32,713

18,270

21,124

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

11,500

38,079

442,205

Additions

-

830

11,724

At 31 December 2024

11,500

38,909

453,929

DEPRECIATION

At 1 January 2024

-

37,824

358,343

Charge for year

2,875

81

13,702

At 31 December 2024

2,875

37,905

372,045

NET BOOK VALUE

At 31 December 2024

8,625

1,004

81,884

At 31 December 2023

11,500

255

83,862

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

93,581

84,821

Other debtors

893

-

Directors' current accounts

171

-

Prepayments

6,142

5,741

100,787

90,562

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

48,718

30,705

Tax

50,718

22,677

Social security and other taxes

12,409

11,668

VAT

19,268

17,831

Other creditors

2,741

-

Directors' current accounts

5,254

1,154

Accrued expenses

2,750

2,250

141,858

86,285

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on pages one to twelve and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Higson & Co (Deal) Ltd

45 Queen Street

Deal

Kent

CT14 6EY

29 September 2025