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REGISTERED NUMBER: 08647717 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Stolworthy Pilling Ltd

Stolworthy Pilling Ltd (Registered number: 08647717)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Stolworthy Pilling Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: M E Horne





REGISTERED OFFICE: 15 Connaught Way
Tunbridge Wells
Kent
TN4 9QJ





REGISTERED NUMBER: 08647717 (England and Wales)





ACCOUNTANTS: K.J. Van-Doren
The Northdown
Cranbrook Road
Goudhurst
Cranbrook
Kent
TN17 1DP

Stolworthy Pilling Ltd (Registered number: 08647717)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,400 19,200

CURRENT ASSETS
Prepayments and accrued income 10,827 -
Cash at bank 253,383 159,980
264,210 159,980
CREDITORS
Amounts falling due within one year 54,887 53,819
NET CURRENT ASSETS 209,323 106,161
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,723

125,361

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 6 223,623 125,261
SHAREHOLDERS' FUNDS 223,723 125,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2023 and were signed by:




M E Horne - Director


Stolworthy Pilling Ltd (Registered number: 08647717)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Stolworthy Pilling 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five 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.

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 2 (2022 - 2 ) .

Stolworthy Pilling Ltd (Registered number: 08647717)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 24,000
AMORTISATION
At 1 April 2022 4,800
Amortisation for year 4,800
At 31 March 2023 9,600
NET BOOK VALUE

At 31 March 2023 14,400
At 31 March 2022 19,200

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

6. RESERVES
Retained
earnings
£   

At 1 April 2022 125,261
Profit for the year 180,362
Dividends (82,000 )
At 31 March 2023 223,623

7. RELATED PARTY DISCLOSURES

At the year end, the company owed the Director, M E Horne, £2,890 (2022 - £2,629). The director and his wife also received dividends of £82,000 in the year.

8. POST BALANCE SHEET EVENTS

AFM Wealth Limited have an agreement to purchase this company. This transaction is expected to take place after the company's year end. This transaction does not affect any of the Balance Sheet values at 31 March 2023.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M E Horne.