Stephensons Braintree Limited - Accounts to registrar (filleted) - small 23.1.2

Stephensons Braintree Limited - Accounts to registrar (filleted) - small 23.1.2

STEPHENSONS BRAINTREE LIMITED - Company Information

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REGISTERED NUMBER: 09536037 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st July 2022

for

STEPHENSONS BRAINTREE LIMITED
STEPHENSONS BRAINTREE LIMITED (REGISTERED NUMBER: 09536037)

Contents of the Financial Statements
for the year ended 31st July 2022










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


STEPHENSONS BRAINTREE LIMITED

Company Information
for the year ended 31st July 2022







DIRECTORS: Mr W Hiron
Mr A J Collins





SECRETARY: Mr G J Raven





REGISTERED OFFICE: Monometer House
Rectory Grove
Leigh on Sea
Essex
SS9 2HN





REGISTERED NUMBER: 09536037 (England and Wales)





ACCOUNTANTS: Denmark Forrester Limited
Office 12, The Bentalls Centre
Colchester Road
Heybridge
Maldon
Essex
CM9 4GD
Page 1
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Stephensons Braintree Limited


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 Stephensons Braintree Limited for the year ended 31st July 2022 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity 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 Stephensons Braintree 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 Stephensons Braintree Limited and state those matters that we have agreed to state to the Board of Directors of Stephensons Braintree 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 Stephensons Braintree Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Stephensons Braintree 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 Stephensons Braintree Limited. You consider that Stephensons Braintree 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 Stephensons Braintree 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.






Denmark Forrester Limited
Office 12, The Bentalls Centre
Colchester Road
Heybridge
Maldon
Essex
CM9 4GD


28th April 2023

This page does not form part of the statutory financial statements

Page 2
STEPHENSONS BRAINTREE LIMITED (REGISTERED NUMBER: 09536037)

Balance Sheet
31st July 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Debtors 4 105,131 73,653
Cash at bank and in hand 35,626 35,580
140,757 109,233
CREDITORS
Amounts falling due within one year 5 102,092 98,988
NET CURRENT ASSETS 38,665 10,245
TOTAL ASSETS LESS CURRENT
LIABILITIES
38,665
10,245

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 38,565 10,145
SHAREHOLDERS' FUNDS 38,665 10,245

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2022 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th April 2023 and were signed on its behalf by:





Mr W Hiron - Director


The notes form part of these financial statements

Page 3
STEPHENSONS BRAINTREE LIMITED (REGISTERED NUMBER: 09536037)

Notes to the Financial Statements
for the year ended 31st July 2022


1. STATUTORY INFORMATION

Stephensons Braintree 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
The turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before the revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Page 4 continued...
STEPHENSONS BRAINTREE LIMITED (REGISTERED NUMBER: 09536037)

Notes to the Financial Statements - continued
for the year ended 31st July 2022


2. ACCOUNTING POLICIES - continued

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amount of cash with insignificant risk of change in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2021 - 17 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 60,009 58,690
Other debtors 45,122 14,963
105,131 73,653

Page 5 continued...
STEPHENSONS BRAINTREE LIMITED (REGISTERED NUMBER: 09536037)

Notes to the Financial Statements - continued
for the year ended 31st July 2022


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 299 272
Taxation and social security 40,757 36,420
Other creditors 61,036 62,296
102,092 98,988

6. RELATED PARTY DISCLOSURES

As at the balance sheet date, there was an interest free loan of £42,500 (2020: £42,500) from a company with common directors.

Page 6