REGISTERED NUMBER: 00673160 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

R.G. STEPHENS AND SONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J R Stephens

M J Stephens

I Stephens

I Stephens

SECRETARY:

P J R Stephens

REGISTERED OFFICE:

Lower Field Barn

New Road

Elmley Castle

Pershore

Worcestershire

WR10 3HN

REGISTERED NUMBER:

00673160 (England and Wales)

ACCOUNTANTS:

Kingscott Dix (Cheltenham) Limited

7 Rockfield Business Park

Old Station Drive

Leckhampton

Cheltenham

GL53 0AN

FIXED ASSETS

Tangible assets

4

820,722

823,620

Investments

5

3,887

3,887

824,609

827,507

CURRENT ASSETS

Stocks

70,889

169,404

Debtors

6

47,830

51,902

Cash at bank

18,715

153,990

137,434

375,296

CREDITORS

Amounts falling due within one year

7

(196,822

)

(439,400

)

NET CURRENT LIABILITIES

(59,388

)

(64,104

)

TOTAL ASSETS LESS CURRENT LIABILITIES

765,221

763,403

CREDITORS

Amounts falling due after more than one year

8

(74,555

)

(100,117

)

PROVISIONS FOR LIABILITIES

10

(331,344

)

(44,172

)

NET ASSETS

359,322

619,114

CAPITAL AND RESERVES

Called up share capital

4,000

4,000

Retained earnings

355,322

615,114

SHAREHOLDERS' FUNDS

359,322

619,114

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

P J R Stephens - Director

1.	STATUTORY INFORMATION

R.G. Stephens and Sons 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.

Significant judgements and estimates

The Directors are of the opinion that there are no significant judgements or estimations used in preparing the financial statements.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on reducing balance and Straight line over 25 years

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

land

property

machinery

£

£

£

COST

At 1 January 2024

506,000

413,559

641,238

Additions

-

15,360

30,300

Disposals

-

-

(15,500

)

At 31 December 2024

506,000

428,919

656,038

DEPRECIATION

At 1 January 2024

-

311,391

518,794

Charge for year

-

10,024

11,644

Eliminated on disposal

-

-

(9,493

)

At 31 December 2024

-

321,415

520,945

NET BOOK VALUE

At 31 December 2024

506,000

107,504

135,093

At 31 December 2023

506,000

102,168

122,444

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

264,689

8,484

1,833,970

Additions

-

-

45,660

Disposals

(14,740

)

-

(30,240

)

At 31 December 2024

249,949

8,484

1,849,390

DEPRECIATION

At 1 January 2024

171,681

8,484

1,010,350

Charge for year

7,998

-

29,666

Eliminated on disposal

(1,855

)

-

(11,348

)

At 31 December 2024

177,824

8,484

1,028,668

NET BOOK VALUE

At 31 December 2024

72,125

-

820,722

At 31 December 2023

93,008

-

823,620

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 January 2024

and 31 December 2024

55,108

DEPRECIATION

At 1 January 2024

7,700

Charge for year

4,741

At 31 December 2024

12,441

NET BOOK VALUE

At 31 December 2024

42,667

At 31 December 2023

47,408

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

3,887

NET BOOK VALUE

At 31 December 2024

3,887

At 31 December 2023

3,887

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

37,480

41,466

Other debtors

10,350

10,436

47,830

51,902

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

8,844

10,648

Hire purchase contracts

16,934

17,009

Trade creditors

3,958

9,279

Taxation and social security

7,292

90,690

Other creditors

159,794

311,774

196,822

439,400

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

7,724

16,427

Hire purchase contracts

10,911

27,770

Other creditors

55,920

55,920

74,555

100,117

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

16,568

27,075

Hire purchase contracts

27,845

44,779

44,413

71,854

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

331,344

44,172

Deferred

tax

£

Balance at 1 January 2024

44,172

Provided during year

287,172

Balance at 31 December 2024

331,344

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P J R Stephens.