Stevenson's Trade Centre Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11100346 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2024

for

STEVENSON'S TRADE CENTRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J Stevenson

REGISTERED OFFICE:

41 St Thomas's Road

Chorley

Lancashire

PR7 1JE

REGISTERED NUMBER:

11100346 (England and Wales)

ACCOUNTANTS:

BK Plus - Chorley

Chartered Certified Accountants

41 St Thomas's Road

Chorley

Lancashire

PR7 1JE

FIXED ASSETS

Tangible assets

4

999

15,499

CURRENT ASSETS

Stocks

5

97,556

110,942

Debtors

6

-

5,245

Cash at bank

7,866

11,489

105,422

127,676

CREDITORS

Amounts falling due within one year

7

68,626

69,034

NET CURRENT ASSETS

36,796

58,642

TOTAL ASSETS LESS CURRENT
LIABILITIES

37,795

74,141

CREDITORS

Amounts falling due after more than one
year

8

147,513

178,772

NET LIABILITIES

(109,718

)

(104,631

)

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

(109,818

)

(104,731

)

SHAREHOLDERS' FUNDS

(109,718

)

(104,631

)

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 by the director and authorised for issue on 25th September 2025 and were signed by:

Mr J Stevenson - Director

1.	STATUTORY INFORMATION

Stevenson's Trade Centre 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.

Revenue recognition

Revenue represents the value of goods and services, net of value added tax, provided to customers. Revenue is recognised when the following conditions are satisfied:

- the benefits of the services passes to the customers,

- it is probable that the economic benefits associated with the transaction will flow to the entity; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.3% on cost

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

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

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1st January 2024

2,594

18,000

560

21,154

Disposals

-

(18,000

)

-

(18,000

)

At 31st December 2024

2,594

-

560

3,154

DEPRECIATION

At 1st January 2024

1,345

3,750

560

5,655

Charge for year

250

-

250

Eliminated on disposal

-

(3,750

)

-

(3,750

)

At 31st December 2024

1,595

-

560

2,155

NET BOOK VALUE

At 31st December 2024

999

-

999

At 31st December 2023

1,249

14,250

-

15,499

5.

STOCKS

31.12.24

31.12.23

£

Stocks

97,556

110,942

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

-

5,245

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other loans

12,300

Trade creditors

1,179

1,325

Tax

21

-

Social security and other taxes

272

323

VAT

1,040

1,472

Other creditors

85

81

Directors' current accounts

50,000

Accrued expenses

3,729

3,533

68,626

69,034

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

Other loans - 1-2 years

27,700

17,700

Directors' loan accounts

119,813

161,072

147,513

178,772

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

Within one year

2,000

24,000

Between one and five years

-

2,000

26,000

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

100

Ordinary

£1

100

11.	RELATED PARTY DISCLOSURES

At the 31 December 2024, the company owed £169,813 (2023 £211,072) to its director. No interest has been charged to the company in respect of this loan and there is no formal repayment date. £119,813 (2023 £161,072) of the loan is classified in creditors due after more than one year.

12.	ULTIMATE CONTROLLING PARTY

During the current accounting period, the company has been controlled by Mr J Stevenson by virtue of holding 100% of the issued ordinary share capital of the company.