Stephen Price Surfacing Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07913946

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,158,166		413,886

			1,158,166		413,886
CURRENT ASSETS
Debtors	5	846,635		1,737,281
Cash at bank and in hand		890,803		131,045

		1,737,438		1,868,326
Creditors: Amounts Falling Due Within One Year	6	(1,817,842 )		(682,590 )

NET CURRENT ASSETS (LIABILITIES)			(80,404 )		1,185,736

TOTAL ASSETS LESS CURRENT LIABILITIES			1,077,762		1,599,622

Creditors: Amounts Falling Due After More Than One Year	7		(42,929 )		(10,000 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(105,675 )		(78,166 )

NET ASSETS			929,158		1,511,456

CAPITAL AND RESERVES
Called up share capital	9		30		100
Capital redemption reserve			(678,305 )		-
Profit and Loss Account			1,607,433		1,511,356

SHAREHOLDERS' FUNDS			929,158		1,511,456

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Stephen Price Surfacing Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr T Briggs Price

Director

29 October 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Stephen Price Surfacing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07913946 . The registered office is 550 Valley Rd, Basford, Nottingham, NG5 1JJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	No Depreciation
Plant & Machinery	20% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	20% Reducing Balance
Computer Equipment	25% Reducing Balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

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Stephen Price Surfacing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 8)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 April 2024	-	395,486	390,998	29,684
Additions	672,000	205,650	87,944	-
Disposals	-	(142,500 )	(27,569 )	-

As at 31 March 2025	672,000	458,636	451,373	29,684

Depreciation
As at 1 April 2024	-	226,504	154,935	26,780
Provided during the period	-	60,334	78,821	852
Disposals	-	(69,540 )	(18,846 )	-

As at 31 March 2025	-	217,298	214,910	27,632

Net Book Value
As at 31 March 2025	672,000	241,338	236,463	2,052

As at 1 April 2024	-	168,982	236,063	2,904


	Computer Equipment	Total
	£	£
Cost
As at 1 April 2024	18,472	834,640
Additions	2,028	967,622
Disposals	-	(170,069 )

As at 31 March 2025	20,500	1,632,193

Depreciation
As at 1 April 2024	12,535	420,754
Provided during the period	1,652	141,659
Disposals	-	(88,386 )

As at 31 March 2025	14,187	474,027

Net Book Value
As at 31 March 2025	6,313	1,158,166

As at 1 April 2024	5,937	413,886

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Stephen Price Surfacing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	715,437	755,456
VAT	131,198	167,407
Amounts owed by group undertakings	-	814,418

	846,635	1,737,281

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	15,833	15,637
Trade creditors	1,048,651	387,668
Corporation tax	28,505	84,422
Other taxes and social security	9,276	11,130
Other creditors	22,212	15,546
Accruals and deferred income	126,412	2,750
Directors' loan accounts	254,515	165,437
Amounts owed to group undertakings	312,438	-

	1,817,842	682,590

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	42,929	10,000

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	15,833	15,637
Later than one year and not later than five years	42,929	10,000

	58,762	25,637

	58,762	25,637

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	30	100

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