STEPHEN READ SERVICES LTD - Filleted accounts

Registered number

07952040

STEPHEN READ SERVICES LTD

Filleted Accounts

31 March 2026

STEPHEN READ SERVICES LTD
Registered number:		07952040
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		133,490			72,268

Current assets
Stocks		38,940			-
Debtors	4	116,017			180,680
Cash at bank and in hand		17,971			29,239
		172,928			209,919

Creditors: amounts falling due within one year	5	(19,047)			(48,268)

Net current assets			153,881			161,651

Total assets less current liabilities			287,371			233,919

Creditors: amounts falling due after more than one year	6		(41,683)			-

Provisions for liabilities			(26,417)			(15,030)


Net assets			219,271			218,889

Capital and reserves
Called up share capital			10			10
Profit and loss account			219,261			218,879

Shareholders' funds			219,271			218,889

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




STEPHEN READ
Director
Approved by the board on 20 August 2026

STEPHEN READ SERVICES LTD
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% written down value

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			2		1


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2025	8,310		211,280		219,590
	Additions	5,101		96,147		101,248
	At 31 March 2026	13,411		307,427		320,838

	Depreciation
	At 1 April 2025	-		147,322		147,322
	Charge for the year	-		40,026		40,026
	At 31 March 2026	-		187,348		187,348

	Net book value
	At 31 March 2026	13,411		120,079		133,490
	At 31 March 2025	8,310		63,958		72,268


4	Debtors			2026		2025
£					£

	Trade debtors			95,582		171,108
	Other debtors			20,435		9,572
				116,017		180,680

5	Creditors: amounts falling due within one year			2026		2025
£					£

	Obligations under finance lease and hire purchase contracts			12,200		-
	Trade creditors			1,835		2,020
	Taxation and social security costs			3,698		43,439
	Other creditors			1,314		2,809
				19,047		48,268

6	Creditors: amounts falling due after one year			2026		2025
£					£

	Obligations under finance lease and hire purchase contracts			41,683		-

7	Other information

	STEPHEN READ SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
	PONDFIELD FARM
	DUNSFOLD ROAD
	ALFOLD
	SURREY
	GU6 8JB