REGISTERED NUMBER: SC299816 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Stevenson Enterprise Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

S Stevenson

SECRETARY:

Mrs M Stevenson

REGISTERED OFFICE:

4 Ellis Street

Kilmarnock

Ayrshire

KA1 2DB

REGISTERED NUMBER:

SC299816 (Scotland)

ACCOUNTANTS:

Wallace White Accountants

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

FIXED ASSETS

Tangible assets

4

27,394

16,029

CURRENT ASSETS

Debtors

5

10,160

35,460

Cash at bank

25,108

7,303

35,268

42,763

CREDITORS

Amounts falling due within one year

6

29,418

21,493

NET CURRENT ASSETS

5,850

21,270

TOTAL ASSETS LESS CURRENT LIABILITIES

33,244

37,299

CREDITORS

Amounts falling due after more than one year

7

(26,312

)

(33,312

)

PROVISIONS FOR LIABILITIES

(5,205

)

(3,045

)

NET ASSETS

1,727

942

CAPITAL AND RESERVES

Called up share capital

1,010

1,010

Retained earnings

717

(68

)

SHAREHOLDERS' FUNDS

1,727

942

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 June 2025 and were signed by:

S Stevenson - Director

1.	STATUTORY INFORMATION

Stevenson Enterprise Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

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.

Plant and machinery etc

-

33% on cost and 15% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

82,040

Additions

41,090

Disposals

(80,140

)

At 31 March 2025

42,990

DEPRECIATION

At 1 April 2024

66,011

Charge for year

13,697

Eliminated on disposal

(64,112

)

At 31 March 2025

15,596

NET BOOK VALUE

At 31 March 2025

27,394

At 31 March 2024

16,029

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

Plant and

machinery

etc

£

COST

At 1 April 2024

80,140

Additions

41,090

Disposals

(80,140

)

At 31 March 2025

41,090

DEPRECIATION

At 1 April 2024

64,112

Charge for year

13,697

Eliminated on disposal

(64,112

)

At 31 March 2025

13,697

NET BOOK VALUE

At 31 March 2025

27,393

At 31 March 2024

16,028

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

10,160

10,160

Other debtors

-

25,300

10,160

35,460

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

6,273

4,804

Taxation and social security

19,455

15,481

Other creditors

3,690

1,208

29,418

21,493

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

26,312

33,312

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts

32,585

38,116

Hire purchase creditors are secured over the assets to which they relate.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

S Stevenson

Balance outstanding at start of year

25,300

5,820

Amounts advanced

-

19,480

Amounts repaid

(25,300

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

25,300

Included within other creditors is an amount due to the director of £2,520.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Wallace White Accountants

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

19 June 2025