Steve Hagan & Sons Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09769238

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		6,793		9,053

			6,793		9,053
CURRENT ASSETS
Debtors	5	28,071		45,281
Cash at bank and in hand		81,604		58,184

		109,675		103,465
Creditors: Amounts Falling Due Within One Year	6	(51,187 )		(43,816 )

NET CURRENT ASSETS (LIABILITIES)			58,488		59,649

TOTAL ASSETS LESS CURRENT LIABILITIES			65,281		68,702

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,290 )		(1,720 )

NET ASSETS			63,991		66,982

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			63,891		66,882

SHAREHOLDERS' FUNDS			63,991		66,982

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Steve Hagan & Sons Ltd

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr S C Hagan

Director

24th September 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Steve Hagan & Sons Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09769238 . The registered office is 44 Grosvenor Avenue, Streetly, Sutton Coldfield, West Midlands, B74 3PE.

The presentation currency of the financial statements is in the Pound Sterling (£).

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

Turnover from the sale of goods and services is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer once work has been completed, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on installation.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	15% on reducing balance

2.4. Leasing and Hire Purchase Contracts

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

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Steve Hagan & Sons Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.5. 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 the 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.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2025: 4)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2025	525	36,917	113	37,555

As at 31 March 2026	525	36,917	113	37,555

Depreciation
As at 1 April 2025	432	27,984	86	28,502
Provided during the period	23	2,233	4	2,260

As at 31 March 2026	455	30,217	90	30,762

Net Book Value
As at 31 March 2026	70	6,700	23	6,793

As at 1 April 2025	93	8,933	27	9,053

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Steve Hagan & Sons Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Debtors

	2026	2025
	£	£
Due within one year
Prepayments and accrued income	28,071	45,281

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	16,944	18,453
Corporation tax	711	1,281
Social security and other taxes	4,481	4,719
VAT	12,259	5,154
Other creditors	779	-
Accrued expenses	1,870	1,830
Directors' loan accounts	14,143	12,379

	51,187	43,816

7. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

8. Directors Advances, Credits and Guarantees

The following advances and credits to directors subsisted during the year ended 31 March 2026:

	As at 1 April 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2026
	£	£	£	£	£
Mr Steve Hagan	(5,645 )	1,480	(2,188 )	-	(6,353 )
Mr Lee Hagan	(3,650 )	1,320	(1,848 )	-	(4,178 )
Mr Ryan Hagan	(3,084 )	1,200	(1,728 )	-	(3,612 )

No interest is charged on loans from directors. Amounts are repayable on demand.

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