REGISTERED NUMBER: 10251260 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Stevenage Prestige Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

151,853

115,415

CURRENT ASSETS

Stocks

5

10,000

9,000

Debtors

6

57,096

63,758

Cash at bank and in hand

195,441

176,503

262,537

249,261

CREDITORS

Amounts falling due within one year

7

96,488

113,786

NET CURRENT ASSETS

166,049

135,475

TOTAL ASSETS LESS CURRENT LIABILITIES

317,902

250,890

CREDITORS

Amounts falling due after more than one year

8

(111,646

)

(56,710

)

PROVISIONS FOR LIABILITIES

9

(28,339

)

-

NET ASSETS

177,917

194,180

CAPITAL AND RESERVES

Called up share capital

10

10

10

Retained earnings

11

177,907

194,170

SHAREHOLDERS' FUNDS

177,917

194,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 15 December 2025 and were signed on its behalf by:

D S Potter - Director

L C Saunders - Director

1.	STATUTORY INFORMATION

Stevenage Prestige Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10251260

Registered office:

105 Leyden Road

Stevenage

Hertfordshire

SG1 2BP

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.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

Hire purchase and leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 July 2024

55,897

25,953

135,300

103,563

320,713

Additions

-

-

96,400

8,803

105,203

At 30 June 2025

55,897

25,953

231,700

112,366

425,916

DEPRECIATION

At 1 July 2024

39,094

23,298

59,194

83,712

205,298

Charge for year

6,225

2,655

43,126

16,759

68,765

At 30 June 2025

45,319

25,953

102,320

100,471

274,063

NET BOOK VALUE

At 30 June 2025

10,578

-

129,380

11,895

151,853

At 30 June 2024

16,803

2,655

76,106

19,851

115,415

5.

STOCKS

30.6.25

30.6.24

£

£

Stocks

10,000

9,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

56,873

63,333

Other debtors

223

-

Prepayments

-

425

57,096

63,758

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Hire purchase contracts

35,999

25,175

Trade creditors

14,078

2,520

Tax

21,928

49,441

Social security and other taxes

-

38

VAT

20,404

26,917

Directors' current accounts

1,329

9,695

Accrued expenses

2,750

-

96,488

113,786

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Hire purchase contracts

111,646

56,710

9.	PROVISIONS FOR LIABILITIES

30.6.25

30.6.24

£

£

Deferred tax

28,339

-

Deferred

tax

£

Charge to Income Statement during year

28,339

Balance at 30 June 2025

28,339

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

10

Ordinary

£1

10

10

11.

RESERVES

Retained

earnings

£

At 1 July 2024

194,170

Profit for the year

78,237

Dividends

(94,500

)

At 30 June 2025

177,907

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £56,700 (2024 - £55,800) were paid to the directors .