Registration number:
A & J Stephen (Builders) Limited
for the Period from 6 April 2025 to 31 March 2026
A & J Stephen (Builders) 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 (Builders) Limited
Company Information
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Directors |
Brian Finlay John W Stephen Jamie Finlay Dale Stephen |
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Registered office |
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Solicitors |
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Accountants |
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A & J Stephen (Builders) Limited
(Registration number: SC057720)
Statement of Financial Position as at 31 March 2026
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Note |
31 March |
05 April |
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Non Current assets |
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Property, Plant and Equipment |
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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 current assets |
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Net assets |
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Equity |
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Called up share capital |
25,001 |
25,001 |
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Retained earnings |
6,351,963 |
5,858,858 |
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Shareholders' funds |
6,376,964 |
5,883,859 |
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 (Builders) Limited
(Registration number: SC057720)
Statement of Financial Position as at 31 March 2026
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A & J Stephen (Builders) 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.
Going concern
A & J Stephen (Builders) 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 (Builders) Limited consider that it is appropriate to prepare these accounts on a going concern basis.
A & J Stephen (Builders) 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 residential property 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.
Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge 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.
Deffered tax is measured using the tax rates and laws that have enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Property, Plant and Equipment
Property, Plant and Equipment are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of property, plant and equipment includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Plant & machinery |
20% Reducing balance |
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Fixtures, fittings & equipment |
20% & 50% Straight line |
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Motor vehicles |
25% Reducing balance |
A & J Stephen (Builders) Limited
Notes to the Unaudited Financial Statements for the Period from 6 April 2025 to 31 March 2026
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and bank deposits.
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 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.
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 payable 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.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
A & J Stephen (Builders) Limited
Notes to the Unaudited Financial Statements for the Period from 6 April 2025 to 31 March 2026
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Statement of Financial Position as a finance lease obligation.
Lease payments are apportioned between finance costs in the Income Statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
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.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
A & J Stephen (Builders) Limited
Notes to the Unaudited Financial Statements for the Period from 6 April 2025 to 31 March 2026
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Property, Plant and Equipment |
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Furniture, fittings and equipment |
Motor vehicles |
Total |
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Cost or valuation |
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At 6 April 2025 |
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Disposals |
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At 31 March 2026 |
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Depreciation |
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At 6 April 2025 |
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Charge for the period |
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Eliminated on disposal |
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At 31 March 2026 |
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Carrying amount |
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At 31 March 2026 |
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At 5 April 2025 |
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Inventories |
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31 March |
05 April |
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Work in progress |
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Other inventories |
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A & J Stephen (Builders) 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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Current |
Note |
31 March |
05 April |
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Receivables |
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Amounts owed by related parties |
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Prepayments |
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Other receivables |
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A & J Stephen (Builders) Limited
Notes to the Unaudited Financial Statements for the Period from 6 April 2025 to 31 March 2026
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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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Loans and borrowings |
- |
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Payables |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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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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25,001 |
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25,001 |
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Loans and borrowings |
Current loans and borrowings
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31 March |
05 April |
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Hire purchase contracts |
- |
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A & J Stephen (Builders) Limited
Notes to the Unaudited Financial Statements for the Period from 6 April 2025 to 31 March 2026
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Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
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31 March |
05 April |
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Not later than one year |
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Later than one year and not later than five years |
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The amount of non-cancellable operating lease payments recognised as an expense during the period was £
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Related party transactions |
Summary of transactions with parent
Summary of transactions with subsidiaries
Summary of transactions with other related parties
Income and receivables from related parties
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2026 |
Key management |
Other related parties |
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Sale of goods |
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Amounts receivable from related party |
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- |
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A & J Stephen (Builders) Limited
Notes to the Unaudited Financial Statements for the Period from 6 April 2025 to 31 March 2026
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2025 |
Key management |
Other related parties |
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Sale of goods |
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Amounts receivable from related party |
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- |
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Expenditure with and payables to related parties
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2026 |
Other related parties |
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Leases |
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2025 |
Other related parties |
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Leases |
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Loans to related parties
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2026 |
Other related parties |
Total |
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At start of period |
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Repaid |
( |
( |
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At end of period |
- |
- |
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2025 |
Other related parties |
Total |
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At start of period |
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Advanced |
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At end of period |
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A & J Stephen (Builders) Limited
Notes to the Unaudited Financial Statements for the Period from 6 April 2025 to 31 March 2026
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Parent and ultimate parent undertaking |
The company's immediate parent is
These financial statements are available upon request from Companies House, Crown Way, Cardiff, CF14 3UZ.
The ultimate controlling party is