REGISTERED NUMBER: 01655235 (England and Wales)

Financial Statements

for the Year Ended 30 November 2025

for

STEVENSONS (1982) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G C S Gates

T P J Gates

D W Wallace

D M Fiddy

SECRETARY:

D M Fiddy

REGISTERED OFFICE:

Vulcan Road South

Norwich

NR6 6AF

REGISTERED NUMBER:

01655235 (England and Wales)

AUDITORS:

Rawse, Varley & Co

Statutory Auditor

Lloyds Bank Chambers

Hustlergate

Bradford

BD1 1UQ

FIXED ASSETS

Tangible assets

4

263,935

122,087

CURRENT ASSETS

Debtors

5

22,980

22,124

Cash at bank

1,360

63,596

24,340

85,720

CREDITORS

Amounts falling due within one year

6

87,289

22,386

NET CURRENT (LIABILITIES)/ASSETS

(62,949

)

63,334

TOTAL ASSETS LESS CURRENT LIABILITIES

200,986

185,421

PROVISIONS FOR LIABILITIES

20,639

8,605

NET ASSETS

180,347

176,816

CAPITAL AND RESERVES

Called up share capital

7

10,000

10,000

Retained earnings

170,347

166,816

SHAREHOLDERS' FUNDS

180,347

176,816

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 21 August 2026 and were signed on its behalf by:

G C S Gates - Director

1.	STATUTORY INFORMATION

Stevensons (1982) 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 represents the sales value of services provided during the year, excluding value added tax.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation.

Depreciation is calculated to write off the assets over their estimated useful lives at the following annual rates:

Plant, equipment and moulds

25% of cost

Fixtures, fittings and office equipment

15%, 20% or 50% of cost

Motor vehicles

25% of cost or 25% reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant,

equipment

and

vehicles

£

COST

At 1 December 2024

1,155,443

Additions

241,728

Disposals

(410,727

)

At 30 November 2025

986,444

DEPRECIATION

At 1 December 2024

1,033,356

Charge for year

81,517

Eliminated on disposal

(392,364

)

At 30 November 2025

722,509

NET BOOK VALUE

At 30 November 2025

263,935

At 30 November 2024

122,087

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,940

10,960

Corporation tax & group relief

16,406

4,559

Prepayments and accrued income

4,634

6,605

22,980

22,124

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

78,179

15,398

Accruals and deferred income

9,110

6,988

87,289

22,386

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10,000

Ordinary

£1

10,000

10,000

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Philip Varley (Senior Statutory Auditor)

for and on behalf of Rawse, Varley & Co

9.	CONTINGENT LIABILITIES AND GUARANTEES

The company is party to an unlimited cross guarantee to its bankers securing the borrowings of group companies. There were no such borrowings at 30 November 2025 - 2024: none.

Overall the group's cash at bank amounted to £17,134,583 - 2024: £16,416,757.

The company is contingently liable under a group registration scheme for VAT liabilities of group companies. At 30 November 2024 such liabilities amounted to £511,360 - 2024: £520,283.

The above arrangements are not expected to have any financial effect on the company.

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', from disclosing related party transactions with wholly owned subsidiaries within the group.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is MAG Group Limited.

The ultimate controlling party is G C S Gates.

The registered office of MAG Group Limited is Vulcan Road South, Norwich NR6 6AF.

12.	BANK SECURITY

Bank borrowings are secured by a debenture over the company's assets. There were no such bank borrowings at 30 November 2025 - 2024: none.