Stephen B Wells Limited

Registered Number: 05196919 Stephen B Wells Limited
Statement of Financial Position
As at 05 April 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	12,500	12,500
Tangible fixed assets	4	3,908,229	3,756,853
		3,920,729	3,769,353
Current assets
Stocks	5	458,763	278,763
Debtors	6	283,927	268,190
Cash at bank and in hand		3,022	3,097
		745,712	550,050
Creditors: amount falling due within one year	7	(614,138)	(437,188)
Net current assets		131,574	112,862

Total assets less current liabilities		4,052,303	3,882,215
Creditors: amount falling due after more than one year	8	(3,740,578)	(3,529,848)
Provisions for liabilities	9	(220,218)	(134,688)
Net assets		91,507	217,679

Capital and reserves
Called up share capital		1	1
Profit and loss account		91,506	217,678
Shareholders' funds		91,507	217,679

For the year ended 05 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 26 September 2025 and were signed by:

-------------------------------
Stephen Wells
Director

Stephen B Wells Limited
Notes to the Financial Statements
For the year ended 05 April 2025

General Information

Stephen B Wells Limited is a private company, limited by shares, registered in England and Wales, registration number 05196919, registration address Manor Farm , Burton Fleming , Driffield , East Yorkshire, YO25 3PS.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings	4% Straight Line
Motor Vehicles	25% Straight Line
Plant and Machinery	10% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees 12 Average number of employees during the year was 12 (2024 : 12).

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 06 April 2024	12,500	12,500
Additions	-	-
Disposals	-	-
At 05 April 2025	12,500	12,500
Net book values
At 05 April 2025	12,500	12,500
At 05 April 2024	12,500	12,500

Tangible fixed assets

Cost or valuation	Land and Buildings	Plant and Machinery	Motor Vehicles	Total
	£	£	£	£
At 06 April 2024	3,118,003	2,815,815	36,584	5,970,402
Additions	-	452,652	7,000	459,652
Disposals	-	-	-	-
At 05 April 2025	3,118,003	3,268,467	43,584	6,430,054
Depreciation
At 06 April 2024	144,330	2,032,638	36,581	2,213,549
Charge for year	8,818	299,021	437	308,276
On disposals	-	-	-	-
At 05 April 2025	153,148	2,331,659	37,018	2,521,825
Net book values
Closing balance as at 05 April 2025	2,964,855	936,808	6,566	3,908,229
Opening balance as at 06 April 2024	2,973,673	783,177	3	3,756,853

Stocks

	2025 £	2024 £
Work in Progress	13,651	13,651
Raw Materials	445,112	265,112
	458,763	278,763

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	206,317	163,167
Prepayments & Accrued Income	67,936	63,203
Other Debtors	2,427	2,427
Directors' Current Accounts	0	24,835
VAT	7,247	14,558
	283,927	268,190

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	108,321	70,569
Bank Loans & Overdrafts (Secured)	273,259	215,608
Corporation Tax	0	8,478
Accrued Expenses	77,000	71,500
Obligations under HP/Financial Leases	154,318	71,033
Directors' Current Accounts	1,240	0
	614,138	437,188

Creditors: amount falling due after more than one year

	2025 £	2024 £
Bank Loans & Overdrafts (secured)	3,350,020	3,421,731
Obligations Under HP/Financial Leases	390,558	108,117
	3,740,578	3,529,848

Provisions for liabilities

	2025 £	2024 £
Deferred Tax	134,688	143,300
Charged to Profit & Loss	85,530	(8,612)
	220,218	134,688

Registered Number: 05196919
England and Wales
Unaudited Financial Statements

for the year ended 05 April 2025
for
STEPHEN B WELLS LIMITED