REGISTERED NUMBER: 04517711 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Stephen & Co Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Smith

M T Ripley F.R.I.C.S.

SECRETARY:

A J Smith

REGISTERED OFFICE:

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

REGISTERED NUMBER:

04517711 (England and Wales)

ACCOUNTANTS:

A C Mole LLP

Chartered Accountants

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

6,610

5,141

6,610

5,141

CURRENT ASSETS

Stocks

3,000

3,000

Debtors

6

112,114

74,637

Cash at bank and in hand

98,349

96,107

213,463

173,744

CREDITORS

Amounts falling due within one year

7

84,730

70,838

NET CURRENT ASSETS

128,733

102,906

TOTAL ASSETS LESS CURRENT LIABILITIES

135,343

108,047

CREDITORS

Amounts falling due after more than one year

8

-

(4,581

)

PROVISIONS FOR LIABILITIES

(1,652

)

-

NET ASSETS

133,691

103,466

CAPITAL AND RESERVES

Called up share capital

200

200

Capital redemption reserve

20

20

Retained earnings

133,471

103,246

SHAREHOLDERS' FUNDS

133,691

103,466

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 26 June 2026 and were signed on its behalf by:

M T Ripley - Director

A J Smith - Director

1.	STATUTORY INFORMATION

Stephen & Co 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.

Turnover is recognised in the accounting period in which the the services are rendered when the outcome of the contract can be estimated reliably. The company uses the percentage of completion method based on the actual service performed as a percentage of the total services to be provided.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

147,450

AMORTISATION

At 1 January 2025

and 31 December 2025

147,450

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

49,030

Additions

2,603

At 31 December 2025

51,633

DEPRECIATION

At 1 January 2025

43,889

Charge for year

1,134

At 31 December 2025

45,023

NET BOOK VALUE

At 31 December 2025

6,610

At 31 December 2024

5,141

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

32,896

19,944

Other debtors

1,574

1,574

Amounts recoverable

50,850

14,175

Prepayments

3,250

2,314

Directors' current accounts

23,544

36,630

112,114

74,637

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

10,419

Trade creditors

4,286

1,869

Corporation tax

28,216

4,335

Social security and other taxes

1,011

911

VAT

20,352

15,802

Amounts due to clients

21,327

31,259

Accrued expenses

9,538

6,243

84,730

70,838

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

4,581

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

-

14,169

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The cumulative overdrawn director's loan account balance for 2025 is £23,544 (2024: £36,630) following advances of £72,753 (2024: £63,232) and repayments of £85,839 (2024: £63,827).