Registered number
00947741
Stevens, Fox & Co. Limited
Filleted Accounts
31 December 2024
Stevens, Fox & Co. Limited
Registered number: 00947741
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,009 2,451
Current assets
Stocks 413,500 413,500
Cash at bank and in hand 68,151 225,617
481,651 639,117
Creditors: amounts falling due within one year 4 (111,389) (286,782)
Net current assets 370,262 352,335
Net assets 372,271 354,786
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 371,271 353,786
Shareholders' funds 372,271 354,786
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Marilyn Elizabeth Potter
Director
Approved by the board on 22 September 2025
Stevens, Fox & Co. Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 18% per annum of the net book value
Motor vehicle 18% per annum of the net book value
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 3,562 12,000 15,562
At 31 December 2024 3,562 12,000 15,562
Depreciation
At 1 January 2024 3,025 10,086 13,111
Charge for the year 97 345 442
At 31 December 2024 3,122 10,431 13,553
Net book value
At 31 December 2024 440 1,569 2,009
At 31 December 2023 537 1,914 2,451
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 5,706 9,170
Other creditors 105,683 277,612
111,389 286,782
5 Related party transactions
Included in other creditors is an amount of £95,172 due to the estate of Mrs C. M. Spiers. Included in other creditors is an amount of £nil (2023: £270,856 ) due to Mrs C. M. Spiers.
6 Controlling party
The ultimate controlling interest is held by the directors of the company.
7 Other information
Stevens, Fox & Co. Limited is a private company limited by shares and incorporated in England. Its registered office is:
HAMILTON HOUSE
4A THE AVENUE
LONDON
ENGLAND
E4 9LD
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