Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 false true 10 true false 2024-04-01 No description of principal activity 12 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC235937 2024-04-01 2025-03-31 SC235937 2023-04-01 2024-03-31 SC235937 2025-03-31 SC235937 2024-03-31 SC235937 c:CompanySecretary1 2024-04-01 2025-03-31 SC235937 c:Director1 2024-04-01 2025-03-31 SC235937 c:Director2 2024-04-01 2025-03-31 SC235937 c:Director3 2024-04-01 2025-03-31 SC235937 c:RegisteredOffice 2024-04-01 2025-03-31 SC235937 d:Buildings 2024-04-01 2025-03-31 SC235937 d:Buildings 2025-03-31 SC235937 d:Buildings 2024-03-31 SC235937 d:Buildings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC235937 d:PlantMachinery 2024-04-01 2025-03-31 SC235937 d:PlantMachinery 2025-03-31 SC235937 d:PlantMachinery 2024-03-31 SC235937 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC235937 d:MotorVehicles 2024-04-01 2025-03-31 SC235937 d:MotorVehicles 2025-03-31 SC235937 d:MotorVehicles 2024-03-31 SC235937 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC235937 d:FurnitureFittings 2024-04-01 2025-03-31 SC235937 d:FurnitureFittings 2025-03-31 SC235937 d:FurnitureFittings 2024-03-31 SC235937 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC235937 d:OfficeEquipment 2024-04-01 2025-03-31 SC235937 d:OfficeEquipment 2025-03-31 SC235937 d:OfficeEquipment 2024-03-31 SC235937 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC235937 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC235937 d:CurrentFinancialInstruments 2025-03-31 SC235937 d:CurrentFinancialInstruments 2024-03-31 SC235937 d:Non-currentFinancialInstruments 2025-03-31 SC235937 d:Non-currentFinancialInstruments 2024-03-31 SC235937 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 SC235937 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC235937 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 SC235937 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC235937 d:ShareCapital 2025-03-31 SC235937 d:ShareCapital 2024-03-31 SC235937 d:RetainedEarningsAccumulatedLosses 2025-03-31 SC235937 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC235937 c:FRS102 2024-04-01 2025-03-31 SC235937 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC235937 c:FullAccounts 2024-04-01 2025-03-31 SC235937 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC235937 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: SC235937 BILL STEPHEN MOTORS LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
BILL STEPHEN MOTORS LIMITED COMPANY INFORMATION
DIRECTORS | Mr W Stephen
| Mrs K Stephen
| Mr G Stephen
COMPANY SECRETARY | Mr G Stephen
REGISTERED NUMBER | SC235937
REGISTERED OFFICE | Golfview
| Cookston Road
| Brechin
| Angus
| DD9 7QU
ACCOUNTANTS | EQ Accountants Limited
| Chartered Accountants
| Westby
| 64 West High Street
| Forfar
| Angus
| DD8 1BJ
BILL STEPHEN MOTORS LIMITED REGISTERED NUMBER: SC235937 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 865,268 |  | 771,737
|  |  | 865,268 |  | 771,737
Current assets |  |  |  |  |
Stocks |  | 8,800 |  | 20,650 |
Debtors: amounts falling due within one year | 5 | 60,532 |  | 43,335 |
Cash at bank and in hand |  | 306,861 |  | 257,691 |
|  | 376,193 |  | 321,676 |
Creditors: amounts falling due within one year | 6 | (711,999) |  | (626,507) |
Net current liabilities |  |  | (335,806) |  | (304,831)
Total assets less current liabilities |  |  | 529,462 |  | 466,906
Creditors: amounts falling due after more than one year | 7 |  | - |  | (33,390)
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (112,140) |  | (89,940) |
|  |  | (112,140) |  | (89,940)
Net assets |  |  | 417,322 |  | 343,576
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | 417,222 |  | 343,476
|  |  | 417,322 |  | 343,576
Page 1
BILL STEPHEN MOTORS LIMITED REGISTERED NUMBER: SC235937 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 November 2025.
Mr W Stephen
Director
The notes on pages 3 to 8 form part of these financial statements. Page 2
BILL STEPHEN MOTORS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | GENERAL INFORMATION
Bill Stephen Motors Limited is a private company, limited by shares, incorporated in Scotland with the registration number SC235937. The registered office address is Golf View, Cookston Road, Brechin, DD9 7QU. 2.ACCOUNTING POLICIES
| 2.1 | BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised: Sale of goods Turnover from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of turnover can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of turnover can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably. Page 3
BILL STEPHEN MOTORS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.3 | PENSIONS
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
| 2.4 | CURRENT AND DEFERRED TAXATION
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.5 | TANGIBLE FIXED ASSETS
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 4
BILL STEPHEN MOTORS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.5 | TANGIBLE FIXED ASSETS (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Land and property | - |  |
|  |  |  | Plant & Machinery | - | 20% |
|  |  |  | Motor Vehicles | - | 25% |
|  |  |  | Fixtures & Fittings | - | 25% |
|  |  |  | Office Equipment | - | 25% |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.6 | STOCKS
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
3. | EMPLOYEES
| The average monthly number of employees, including directors, during the year was 12 (2024 - 10).
Page 5

|  | BILL STEPHEN MOTORS LIMITED |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| 4. | TANGIBLE FIXED ASSETS
|  | Land and property | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Office Equipment
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 April 2024 | 401,550 | 44,212 | 744,969 | 24,900 | 2,768
| Additions | - | - | 246,844 | - | -
| At 31 March 2025 | 401,550 | 44,212 | 991,813 | 24,900 | 2,768
| Depreciation |  |  |  |  |
| At 1 April 2024 | - | 25,185 | 408,032 | 11,845 | 1,600
| Charge for the year on owned assets | - | 3,807 | 145,949 | 3,265 | 292
| At 31 March 2025 | - | 28,992 | 553,981 | 15,110 | 1,892
| Net book value |  |  |  |  |
| At 31 March 2025 | 401,550 | 15,220 | 437,832 | 9,790 | 876
| At 31 March 2024 | 401,550 | 19,027 | 336,937 | 13,055 | 1,168
Page 6

BILL STEPHEN MOTORS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 4.TANGIBLE FIXED ASSETS (CONTINUED)
|  | Total
|  | £
| Cost or valuation |
| At 1 April 2024 | 1,218,399
| Additions | 246,844
| At 31 March 2025 | 1,465,243
| Depreciation |
| At 1 April 2024 | 446,662
| Charge for the year on owned assets | 153,313
| At 31 March 2025 | 599,975
| Net book value |
| At 31 March 2025 | 865,268
| At 31 March 2024 | 771,737
5. | DEBTORS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 57,264 | 40,748
| Other debtors | 3,268 | 2,587
|  | 60,532 | 43,335
6. | CREDITORS: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 180,049 | 92,934
| Other taxation and social security | 63,893 | 111,023
| Obligations under finance lease and hire purchase contracts | 33,390 | 49,942
| Other creditors | 430,667 | 368,608
| Accruals and deferred income | 4,000 | 4,000
|  | 711,999 | 626,507
Page 7
BILL STEPHEN MOTORS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. | CREDITORS: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Net obligations under finance leases and hire purchase contracts | - | 33,390
|  | - | 33,390
Page 8