D Stephens & Sons (Luckyard) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02274114 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

D STEPHENS & SONS (LUCKYARD) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S E Rees

P J Stephens

I C Stephens

REGISTERED OFFICE:

Unit C

Corporation Street

Taunton

Somerset

TA1 4AW

REGISTERED NUMBER:

02274114 (England and Wales)

ACCOUNTANTS:

Mitchells Chartered Accountants

St. John's House,

Castle Street,

Taunton

Somerset

TA1 4AY

FIXED ASSETS

Tangible assets

4

76,659

78,897

Herd basis

5

24,232

21,532

100,891

100,429

CURRENT ASSETS

Stocks

48,925

50,723

Debtors

6

3,015

8,926

Cash at bank

1,675

3,246

53,615

62,895

CREDITORS

Amounts falling due within one year

7

101,725

79,710

NET CURRENT LIABILITIES

(48,110

)

(16,815

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

52,781

83,614

CREDITORS

Amounts falling due after more than one
year

8

(20,000

)

(20,000

)

PROVISIONS FOR LIABILITIES

(8,083

)

(8,083

)

NET ASSETS

24,698

55,531

CAPITAL AND RESERVES

Called up share capital

99

Retained earnings

24,599

55,432

24,698

55,531

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 20 January 2026 and were signed on its behalf by:

I C Stephens - Director

1.	STATUTORY INFORMATION

D Stephens & Sons (Luckyard) 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.

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 etc

-

at varying rates on cost and Straight line over 10 years

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 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 August 2024

81,367

169,510

250,877

Additions

-

5,600

At 31 July 2025

81,367

175,110

256,477

DEPRECIATION

At 1 August 2024

45,211

126,769

171,980

Charge for year

-

7,838

At 31 July 2025

45,211

134,607

179,818

NET BOOK VALUE

At 31 July 2025

36,156

40,503

76,659

At 31 July 2024

36,156

42,741

78,897

5.	HERD BASIS

Herd

basis

£

COST

At 1 August 2024

21,532

Additions

2,700

At 31 July 2025

24,232

NET BOOK VALUE

At 31 July 2025

24,232

At 31 July 2024

21,532

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Trade debtors

207

408

Other debtors

2,808

8,518

3,015

8,926

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Bank loans and overdrafts

10,579

14,616

Trade creditors

11,950

19,168

Taxation and social security

3,946

Other creditors

75,250

41,980

101,725

79,710

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.7.25

31.7.24

£

Bank loans

20,000

9.	RELATED PARTY DISCLOSURES

The company was under the control of Messrs AJ Stephens and IC Stephens throughout the current period.

The directors charge the company a rent of £30,000 for land and buildings occupied by the company during the year under a tenancy agreement.

The directors have given personal guarantees for the bank borrowing of the company.