Registration number:
A & J Stephen Limited
for the Period from 6 April 2025 to 31 March 2026
A & J Stephen Limited
Contents
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Company Information |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
A & J Stephen Limited
Company Information
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Directors |
Mr Jamie Finlay Mr Brian Finlay Mr Dale Stephen Mr John W Stephen |
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Registered office |
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Solicitors |
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Accountants |
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A & J Stephen Limited
(Registration number: SC036265)
Statement of Financial Position as at 31 March 2026
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Note |
31 March |
05 April |
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Current assets |
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Inventories |
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Receivables |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Equity |
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Called up share capital |
24,000 |
24,000 |
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Capital redemption reserve |
600 |
600 |
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Retained earnings |
4,722,340 |
5,171,609 |
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Shareholders' funds |
4,746,940 |
5,196,209 |
For the financial period ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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 in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.
Approved and authorised by the
A & J Stephen Limited
(Registration number: SC036265)
Statement of Financial Position as at 31 March 2026
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A & J Stephen Limited
Notes to the Unaudited Financial Statements for the Period from 6 April 2025 to 31 March 2026
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General information |
The company is a private company limited by share capital, incorporated in Scotland.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in sterling (£).
Going concern
A & J Stephen Limited is a wholly owned subsidiary of A & J Stephen (Holdings) Limited. These accounts have been prepared having regard to the group's trading forecasts for the next twelve months. These forecasts include detailed cashflow projections. Notwithstanding the above, given the current economic environment and past results, there remains a risk that the external trading environment may be worse than currently envisaged, and as a result, the directors of A & J Stephen (Holdings) Limited have also reviewed forecasts which include sensitivities that make allowance for that risk. Should such a scenario arise, the directors of A & J Stephen (Holdings) Limited have confidence that they have adequate liquidity to ensure that the group can meet its liabilities as they fall due for the foreseeable future. After taking this in to account the directors of A & J Stephen Limited consider that it is appropriate to prepare these accounts on a going concern basis.
A & J Stephen Limited
Notes to the Unaudited Financial Statements for the Period from 6 April 2025 to 31 March 2026
Revenue recognition
Revenue comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.
Tax
The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and bank deposits.
Trade Receivables
Trade receivables are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade receivables are recognised initially at the transaction price. A provision for the impairment of trade receivables is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.
Inventories
Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the latest cost price.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, inventories are assessed for impairment. If inventories are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
A & J Stephen Limited
Notes to the Unaudited Financial Statements for the Period from 6 April 2025 to 31 March 2026
Trade Payables
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade payables are recognised initially at the transaction price.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
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Inventories |
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31 March |
05 April |
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Other inventories |
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A & J Stephen Limited
Notes to the Unaudited Financial Statements for the Period from 6 April 2025 to 31 March 2026
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Receivables |
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Note |
31 March |
05 April |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other receivables |
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Details of non-current trade and other receivables
£32,520 (2025 -£32,520) of other receivables is classified as non current. Included in other receivables are deferred assets, being the cost of the unrealised element of house sales under the company's deferred equity scheme. The total unrealised sales value of the retained equities as at 31 March 2026 was £44,385 (2025 - £44,385).
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Creditors |
Creditors: amounts falling due within one year
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Note |
31 March |
05 April |
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Due within one year |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Accruals and deferred income |
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Share capital |
Allotted, called up and fully paid shares
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31 March |
05 April |
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No. |
£ |
No. |
£ |
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24,000 |
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24,000 |
A & J Stephen Limited
Notes to the Unaudited Financial Statements for the Period from 6 April 2025 to 31 March 2026
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Related party transactions |
Summary of transactions with parent
Summary of transactions with subsidiaries
Loans to related parties
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2026 |
Associates |
Total |
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At start of period |
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At end of period |
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2025 |
Associates |
Total |
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At start of period |
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At end of period |
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Parent and ultimate parent undertaking |
The company's immediate parent is
These financial statements are available upon request from Registrar of Companies, Crown Way, Cardiff, CF14 3UZ.
The ultimate controlling party is