Steven Wilson Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05257835

Steven Wilson Limited

Filleted Unaudited Financial Statements

30 September 2025

Steven Wilson Limited

Statement of Financial Position

30 September 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		308,286	303,255

Current assets

Stocks		110,000	110,000
Debtors	6	41,292	24,318
Cash at bank and in hand		62,073	31,934
		---------	---------
		213,365	166,252

Creditors: amounts falling due within one year	7	154,779		149,111
		---------		---------
Net current assets			58,586	17,141
			---------	---------
Total assets less current liabilities			366,872	320,396

Creditors: amounts falling due after more than one year	8		38,117	6,250

Provisions

Taxation including deferred tax	70,208	55,309
	---------	---------
Net assets	258,547	258,837
	---------	---------

Capital and reserves

Called up share capital	10	10
Profit and loss account	258,537	258,827
	---------	---------
Shareholders funds	258,547	258,837
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Steven Wilson Limited

Statement of Financial Position (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 24 September 2026 , and are signed on behalf of the board by:

Mr S W Wilson
Director

Company registration number: 05257835

Steven Wilson Limited

Notes to the Financial Statements

Year ended 30 September 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 1 Telford House, Warwick Road, Carlisle, Cumbria, CA1 2BT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 16 (2024: 21 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 October 2024	62,150	320,927	100,638	119,764	603,479
Additions	–	47,040	4,880	70,465	122,385
Disposals	–	( 49,366)	–	( 38,930)	( 88,296)
	--------	---------	---------	---------	---------
At 30 September 2025	62,150	318,601	105,518	151,299	637,568
	--------	---------	---------	---------	---------
Depreciation
At 1 October 2024	–	197,268	42,161	60,795	300,224
Charge for the year	–	37,945	15,839	28,261	82,045
Disposals	–	( 30,446)	–	( 22,541)	( 52,987)
	--------	---------	---------	---------	---------
At 30 September 2025	–	204,767	58,000	66,515	329,282
	--------	---------	---------	---------	---------
Carrying amount
At 30 September 2025	62,150	113,834	47,518	84,784	308,286
	--------	---------	---------	---------	---------
At 30 September 2024	62,150	123,659	58,477	58,969	303,255
	--------	---------	---------	---------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	25,598	857
Other debtors	15,694	23,461
	--------	--------
	41,292	24,318
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	110,866	88,527
Corporation tax	24,391	33,411
Social security and other taxes	6,301	4,959
Other creditors	13,221	22,214
	---------	---------
	154,779	149,111
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	38,117	6,250
	--------	-------

9. Related party transactions

The company was under the control of Mr S W Wilson throughout the current and previous year. Mr Wilson is the sole director and majority shareholder and together with family members holds all of the issued share capital. During the year the company traded from premises owned by Mr Wilson. No Rent (2024 - £Nil) was charged to the company. During the year dividends of £ 72,225 (2024 - £41,112) were paid to Messrs Wilson. On the balance sheet date the company owed Mr Wilson £Nil (2024 - £14,848) and this is included in Other creditors.