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REGISTERED NUMBER: 08720442 (England and Wales)





















STOREY ENTERPRISES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 OCTOBER 2022






STOREY ENTERPRISES LIMITED (REGISTERED NUMBER: 08720442)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2022










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


STOREY ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 OCTOBER 2022







DIRECTORS: Mrs S J Storey
D C Storey





REGISTERED OFFICE: 1 Bassett Lowke Drive
Northampton
Northamptonshire
NN5 4AN





REGISTERED NUMBER: 08720442 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

STOREY ENTERPRISES LIMITED (REGISTERED NUMBER: 08720442)

BALANCE SHEET
30 OCTOBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,773 5,481

CURRENT ASSETS
Debtors 5 110,689 87,518
Cash at bank 103 5,736
110,792 93,254
CREDITORS
Amounts falling due within one year 6 112,493 97,928
NET CURRENT LIABILITIES (1,701 ) (4,674 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,072 807

PROVISIONS FOR LIABILITIES 527 363
NET ASSETS 545 444

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 445 344
SHAREHOLDERS' FUNDS 545 444

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 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.

STOREY ENTERPRISES LIMITED (REGISTERED NUMBER: 08720442)

BALANCE SHEET - continued
30 OCTOBER 2022


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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by:





Mrs S J Storey - Director


STOREY ENTERPRISES LIMITED (REGISTERED NUMBER: 08720442)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2022


1. STATUTORY INFORMATION

Storey Enterprises 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.

Plant and machinery etc - Straight line over 5 years

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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

STOREY ENTERPRISES LIMITED (REGISTERED NUMBER: 08720442)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 OCTOBER 2022


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 31 October 2021 8,537 6,995 15,532
Additions 499 - 499
At 30 October 2022 9,036 6,995 16,031
DEPRECIATION
At 31 October 2021 5,175 4,876 10,051
Charge for year 1,807 1,400 3,207
At 30 October 2022 6,982 6,276 13,258
NET BOOK VALUE
At 30 October 2022 2,054 719 2,773
At 30 October 2021 3,362 2,119 5,481

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 500 884
Other debtors 17,784 10,921
Directors' current accounts 92,405 72,070
Prepayments - 3,643
110,689 87,518

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 24,464 28,000
Taxation and social security 80,608 57,901
Other creditors 7,421 12,027
112,493 97,928

STOREY ENTERPRISES LIMITED (REGISTERED NUMBER: 08720442)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 OCTOBER 2022


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 - -

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 October 2022 and the period ended 30 October 2021:

2022 2021
£    £   
Mrs S J Storey and D C Storey
Balance outstanding at start of year 72,070 38,467
Amounts advanced 20,335 91,555
Amounts repaid - (57,952 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 92,405 72,070