REGISTERED NUMBER: 05919604 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

T & D Stevenson Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T D Stevenson

Ms D Stevenson

SECRETARY:

Ms D Stevenson

REGISTERED OFFICE:

Unit 3 Portland Farm

Buckholes Lane

Higher Wheelton

Chorley

PR6 8JL

REGISTERED NUMBER:

05919604 (England and Wales)

ACCOUNTANTS:

Lucas Reis Ltd

Chartered Accountants

Lansdowne House

85 Buxton Road

Stockport

Cheshire

SK2 6LR

FIXED ASSETS

Intangible assets

4

84,800

90,100

Tangible assets

5

189,472

198,175

274,272

288,275

CURRENT ASSETS

Stocks

5,894

7,110

Debtors

6

38,318

70,866

Cash at bank and in hand

2,545

15,790

46,757

93,766

CREDITORS

Amounts falling due within one year

7

126,258

170,308

NET CURRENT LIABILITIES

(79,501

)

(76,542

)

TOTAL ASSETS LESS CURRENT LIABILITIES

194,771

211,733

CREDITORS

Amounts falling due after more than one year

8

(77,225

)

(93,218

)

PROVISIONS FOR LIABILITIES

(5,648

)

(14,107

)

NET ASSETS

111,898

104,408

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

111,896

104,406

SHAREHOLDERS' FUNDS

111,898

104,408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2025 and were signed on its behalf by:

T D Stevenson - Director

1.	STATUTORY INFORMATION

T & D Stevenson Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

18% 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 Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

and 28 February 2025

106,000

AMORTISATION

At 1 March 2024

15,900

Amortisation for year

5,300

At 28 February 2025

21,200

NET BOOK VALUE

At 28 February 2025

84,800

At 29 February 2024

90,100

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 March 2024

99,974

43,281

352,733

495,988

Additions

809

7,464

47,101

55,374

Disposals

-

-

(46,866

)

(46,866

)

At 28 February 2025

100,783

50,745

352,968

504,496

DEPRECIATION

At 1 March 2024

58,196

37,388

202,229

297,813

Charge for year

7,666

2,404

31,521

41,591

Eliminated on disposal

-

-

(24,380

)

(24,380

)

At 28 February 2025

65,862

39,792

209,370

315,024

NET BOOK VALUE

At 28 February 2025

34,921

10,953

143,598

189,472

At 29 February 2024

41,778

5,893

150,504

198,175

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 March 2024

257,121

Additions

47,101

Disposals

(33,806

)

Reclassification/transfer

(28,776

)

At 28 February 2025

241,640

DEPRECIATION

At 1 March 2024

134,141

Charge for year

25,521

Eliminated on disposal

(18,521

)

Reclassification/transfer

(15,766

)

At 28 February 2025

125,375

NET BOOK VALUE

At 28 February 2025

116,265

At 29 February 2024

122,980

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

36,512

70,866

Prepayments and accrued income

1,806

-

38,318

70,866

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

13,726

11,962

Hire purchase contracts

41,789

42,751

Trade creditors

8,830

23,851

Taxation and social security

51,487

60,984

Other creditors

10,426

30,760

126,258

170,308

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

2,500

12,500

Hire purchase contracts

74,725

80,718

77,225

93,218

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

2

Ordinary

£1

2

2