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REGISTERED NUMBER: 06718947 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2021

for

The Stourbridge Mirror Company Limited

The Stourbridge Mirror Company Limited (Registered number: 06718947)






Contents of the Financial Statements
for the Year Ended 31 October 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Stourbridge Mirror Company Limited

Company Information
for the Year Ended 31 October 2021







DIRECTORS: R J Perry
R A Westwood





SECRETARY: R J Perry





REGISTERED OFFICE: Unit 7B
Waterfall Lane Trading Estate
Cradley Heath
West Midlands
B64 6PU





REGISTERED NUMBER: 06718947 (England and Wales)






The Stourbridge Mirror Company Limited (Registered number: 06718947)

Balance Sheet
31 October 2021

31.10.21 31.10.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,535 67,669

CURRENT ASSETS
Stocks 12,500 6,000
Debtors 5 298,086 356,208
Cash at bank 122,663 236,113
433,249 598,321
CREDITORS
Amounts falling due within one year 6 275,840 270,556
NET CURRENT ASSETS 157,409 327,765
TOTAL ASSETS LESS CURRENT
LIABILITIES

231,944

395,434

CREDITORS
Amounts falling due after more than
one year

7

(48,253

)

(90,873

)

PROVISIONS FOR LIABILITIES (14,161 ) (12,857 )
NET ASSETS 169,530 291,704

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 169,526 291,700
SHAREHOLDERS' FUNDS 169,530 291,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 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 Stourbridge Mirror Company Limited (Registered number: 06718947)

Balance Sheet - continued
31 October 2021


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 10 May 2022 and were signed on its behalf by:




R J Perry - Director



R A Westwood - Director


The Stourbridge Mirror Company Limited (Registered number: 06718947)

Notes to the Financial Statements
for the Year Ended 31 October 2021

1. STATUTORY INFORMATION

The Stourbridge Mirror Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.
Short leasehold - in accordance with the property
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% 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.


The Stourbridge Mirror Company Limited (Registered number: 06718947)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2021

2. ACCOUNTING POLICIES - continued
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 20 (2020 - 16 ) .

The Stourbridge Mirror Company Limited (Registered number: 06718947)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2021

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2020 15,602 45,485 16,134 74,474 151,695
Additions - 30,721 - - 30,721
At 31 October 2021 15,602 76,206 16,134 74,474 182,416
DEPRECIATION
At 1 November 2020 15,602 25,722 14,169 28,533 84,026
Charge for year - 12,401 492 10,962 23,855
At 31 October 2021 15,602 38,123 14,661 39,495 107,881
NET BOOK VALUE
At 31 October 2021 - 38,083 1,473 34,979 74,535
At 31 October 2020 - 19,763 1,965 45,941 67,669

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2020 23,000 48,827 71,827
Additions 30,721 - 30,721
At 31 October 2021 53,721 48,827 102,548
DEPRECIATION
At 1 November 2020 9,200 13,337 22,537
Charge for year 10,744 8,872 19,616
At 31 October 2021 19,944 22,209 42,153
NET BOOK VALUE
At 31 October 2021 33,777 26,618 60,395
At 31 October 2020 13,800 35,490 49,290

The Stourbridge Mirror Company Limited (Registered number: 06718947)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2021

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.21 31.10.20
£    £   
Trade debtors 295,327 353,749
Other debtors 2,759 2,459
298,086 356,208

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.21 31.10.20
£    £   
Bank loans and overdrafts - 3,470
Hire purchase contracts 26,635 20,491
Trade creditors 143,090 87,495
Taxation and social security 97,219 138,863
Other creditors 8,896 20,237
275,840 270,556

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.21 31.10.20
£    £   
Bank loans - 46,530
Hire purchase contracts 48,253 44,343
48,253 90,873

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 13,218

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.10.21 31.10.20
value: £    £   
4 Ordinary £1 4 4

9. ULTIMATE CONTROLLING PARTY

The company is controlled in equal shares by the directors and their wives.