Steyson Granolithic Contractors Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00945559 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Steyson Granolithic Contractors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

K J Branscombe

G W Branscombe

REGISTERED OFFICE:

99 Sunnyside Road

Ilford

Essex

IG1

1HY

REGISTERED NUMBER:

00945559 (England and Wales)

ACCOUNTANTS:

RBS Accountants Limited

16 Beaufort Court

Admirals Way

London

Docklands

London

E14 9XL

FIXED ASSETS

Tangible assets

4

270,662

244,630

CURRENT ASSETS

Stocks

5,280

5,110

Debtors

5

500,399

521,590

Cash at bank and in hand

62,665

450,649

568,344

977,349

CREDITORS

Amounts falling due within one year

6

588,664

257,826

NET CURRENT (LIABILITIES)/ASSETS

(20,320

)

719,523

TOTAL ASSETS LESS CURRENT
LIABILITIES

250,342

964,153

CREDITORS

Amounts falling due after more than one
year

7

(45,366

)

(760,777

)

PROVISIONS FOR LIABILITIES

(46,773

)

(45,442

)

NET ASSETS

158,203

157,934

CAPITAL AND RESERVES

Called up share capital

1,000

Capital redemption reserve

9,000

Retained earnings

148,203

147,934

SHAREHOLDERS' FUNDS

158,203

157,934

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 8 November 2025 and were signed on its behalf by:

K J Branscombe - Director

1.	STATUTORY INFORMATION

Steyson Granolithic Contractors 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 net invoiced sales of goods and services, excluding value added tax. Turnover is realised in the accounts when the work is performed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

Even though the company is in a net liability position, the directors' are satisfied that the company will be able to meet it's obligations as they fall due. Hence the directors' believe that the accounts should be prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

COST

At 1 April 2024

108,523

376,333

53,955

Additions

-

35,058

-

Disposals

-

At 31 March 2025

108,523

411,391

53,955

DEPRECIATION

At 1 April 2024

45,958

352,063

51,906

Charge for year

1,251

14,832

512

Eliminated on disposal

-

At 31 March 2025

47,209

366,895

52,418

NET BOOK VALUE

At 31 March 2025

61,314

44,496

1,537

At 31 March 2024

62,565

24,270

2,049

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 April 2024

400,916

4,034

943,761

Additions

59,490

4,713

99,261

Disposals

(9,250

)

-

(9,250

)

At 31 March 2025

451,156

8,747

1,033,772

DEPRECIATION

At 1 April 2024

247,706

1,498

699,131

Charge for year

52,626

1,813

71,034

Eliminated on disposal

(7,055

)

-

(7,055

)

At 31 March 2025

293,277

3,311

763,110

NET BOOK VALUE

At 31 March 2025

157,879

5,436

270,662

At 31 March 2024

153,210

2,536

244,630

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

125,381

343,972

Other debtors

236,563

40,282

Tax recoverable

76,168

-

VAT

10,108

20,611

Accrued income

37,132

69,912

Prepayments

15,047

46,813

500,399

521,590

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

31,436

94,175

Amounts owed to group undertakings

362,351

-

Tax

119,193

41,585

Social security and other taxes

36,504

72,536

Other creditors

23,175

30,510

Accrued expenses

16,005

19,020

588,664

257,826

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Hire purchase contracts

45,366

-

Amounts owed to group undertakings

-

760,777

45,366

760,777

8.	RELATED PARTY DISCLOSURES

Mr G Branscombe has charged £50,000 (2024 - £50,000) rent to the company for property he owns. Mr G Branscombe is the father of the directors.Loan £ 225682 is given to Kay Branscombe and she is the mother of the director.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is K J Branscombe.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Steyson Granolithic Contractors Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Steyson Granolithic Contractors Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Steyson Granolithic Contractors Limited and state those matters that we have agreed to state to the Board of Directors of Steyson Granolithic Contractors Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Steyson Granolithic Contractors Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Steyson Granolithic Contractors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Steyson Granolithic Contractors Limited. You consider that Steyson Granolithic Contractors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Steyson Granolithic Contractors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

RBS Accountants Limited

16 Beaufort Court

Admirals Way

London

Docklands

London

E14 9XL

Date: .............................................