REGISTERED NUMBER: 02720076 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Stevens Construction Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Stevens

B L Stevens

SECRETARY:

Mrs C Stevens

REGISTERED OFFICE:

The Coach House

Benover Road

Yalding

Near Maidstone

Kent

ME18 6AS

REGISTERED NUMBER:

02720076 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Bank Chambers

61 High Street

Cranbrook

Kent

TN17 3EG

FIXED ASSETS

Tangible assets

4

50,110

284,575

CURRENT ASSETS

Stocks

-

1,500

Debtors

5

83,078

586,741

Cash at bank

228,116

397,102

311,194

985,343

CREDITORS

Amounts falling due within one year

6

296,545

583,708

NET CURRENT ASSETS

14,649

401,635

TOTAL ASSETS LESS CURRENT LIABILITIES

64,759

686,210

CREDITORS

Amounts falling due after more than one year

7

(62,929

)

(216,550

)

PROVISIONS FOR LIABILITIES

-

(36,215

)

NET ASSETS

1,830

433,445

CAPITAL AND RESERVES

Called up share capital

130

130

Capital redemption reserve

5

5

Retained earnings

1,695

433,310

SHAREHOLDERS' FUNDS

1,830

433,445

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

S Stevens - Director

1.	STATUTORY INFORMATION

Stevens Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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

-

20% on cost and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Long term contract balances

The amount of profit attributable to the stage of completion of a long term contract is recognised when the outcome of the contract can be foreseen with reasonable certainty. Turnover for such contracts is stated at cost appropriate to the stage of completion plus attributable profits, less amounts recognised in previous years. Provision is made for any losses which are foreseen. Long term work-in-progress is stated at cost less those transferred to the profit and loss account, after deducting foreseeable losss and payments on account not matched with turnover. Payments on account in excess of the value of turnover are first set against long term work-in-progress with the remainder being shown as payments on account under creditors. Amounts recoverable on contracts are included in debtors and represent turnover recognised in excess of payments on account.

Pensions

The company operates a stakeholder defined contribution pension scheme available to staff. In addition, the company also operates an executive pension scheme available to certain directors of the company. Contributions payable for the year are charged in the profit and loss account.

Going concern basis

The directors have reviewed the income and expenditure anticipated for 12 months from the date of approval of the accounts and consider that the company can continue as a going concern and has sufficient funds to meet its liabilities as they fall due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

975,150

Additions

40,062

Disposals

(939,255

)

At 31 March 2025

75,957

DEPRECIATION

At 1 April 2024

690,575

Charge for year

89,696

Eliminated on disposal

(754,424

)

At 31 March 2025

25,847

NET BOOK VALUE

At 31 March 2025

50,110

At 31 March 2024

284,575

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

38,185

Additions

40,062

Disposals

(25,456

)

Transfer to ownership

12,728

At 31 March 2025

65,519

DEPRECIATION

At 1 April 2024

7,637

Charge for year

15,650

Transfer to ownership

5,091

At 31 March 2025

28,378

NET BOOK VALUE

At 31 March 2025

37,141

At 31 March 2024

30,548

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

37,025

207,506

Amounts recoverable on contract

-

234,956

Other debtors

46,053

144,279

83,078

586,741

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

160,610

160,219

Hire purchase contracts

17,858

18,032

Trade creditors

93,827

303,393

Taxation and social security

12,483

34,736

Other creditors

11,767

67,328

296,545

583,708

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

53,353

213,333

Hire purchase contracts

9,576

3,217

62,929

216,550

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

213,353

373,333

The CBILS loan is secured by a debenture over the company's assets dated 9 July 2020.

9.	OTHER FINANCIAL COMMITMENTS

The company had a lease for the property which ran until 2029 but this was cancelled during the year. The outstanding lease commitments at 31 March 2025 total £Nil (2024: £280,500).

10.	RELATED PARTY DISCLOSURES

The company leases the property from the Stevens Pension Fund in which the directors are trustees and members. The annual rent which is considered to be an open market rent was £49,500 per annum but the lease was cancelled during the year with a cost incurred of £37,125. At the year end, the amount owed ot the pension scheme was £59,400. The pension scheme owed the company £34,530.

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr S Stevens who owns 60% of the ordinary share capital and is a director of the company.