Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mr I D Loram 01/11/2002 16 October 2023 The principal activity of the Company during the financial year was that of a funeral directors. 04579789 2023-03-31 04579789 bus:Director1 2023-03-31 04579789 2022-03-31 04579789 core:CurrentFinancialInstruments 2023-03-31 04579789 core:CurrentFinancialInstruments 2022-03-31 04579789 core:Non-currentFinancialInstruments 2023-03-31 04579789 core:Non-currentFinancialInstruments 2022-03-31 04579789 core:ShareCapital 2023-03-31 04579789 core:ShareCapital 2022-03-31 04579789 core:RetainedEarningsAccumulatedLosses 2023-03-31 04579789 core:RetainedEarningsAccumulatedLosses 2022-03-31 04579789 core:Goodwill 2022-03-31 04579789 core:Goodwill 2023-03-31 04579789 core:LandBuildings 2022-03-31 04579789 core:LeaseholdImprovements 2022-03-31 04579789 core:PlantMachinery 2022-03-31 04579789 core:Vehicles 2022-03-31 04579789 core:LandBuildings 2023-03-31 04579789 core:LeaseholdImprovements 2023-03-31 04579789 core:PlantMachinery 2023-03-31 04579789 core:Vehicles 2023-03-31 04579789 bus:OrdinaryShareClass1 2023-03-31 04579789 bus:PreferenceShareClass1 2023-03-31 04579789 2022-04-01 2023-03-31 04579789 bus:FullAccounts 2022-04-01 2023-03-31 04579789 bus:SmallEntities 2022-04-01 2023-03-31 04579789 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04579789 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04579789 bus:Director1 2022-04-01 2023-03-31 04579789 core:Goodwill core:TopRangeValue 2022-04-01 2023-03-31 04579789 core:Goodwill 2022-04-01 2023-03-31 04579789 core:LandBuildings core:TopRangeValue 2022-04-01 2023-03-31 04579789 core:PlantMachinery core:TopRangeValue 2022-04-01 2023-03-31 04579789 core:Vehicles 2022-04-01 2023-03-31 04579789 2021-04-01 2022-03-31 04579789 core:LandBuildings 2022-04-01 2023-03-31 04579789 core:LeaseholdImprovements 2022-04-01 2023-03-31 04579789 core:PlantMachinery 2022-04-01 2023-03-31 04579789 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 04579789 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 04579789 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 04579789 bus:PreferenceShareClass1 2022-04-01 2023-03-31 04579789 bus:PreferenceShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04579789 (England and Wales)

T AND I STOCKMAN LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

T AND I STOCKMAN LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

T AND I STOCKMAN LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
T AND I STOCKMAN LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTOR Mr I D Loram
SECRETARY Mrs V B Loram
REGISTERED OFFICE 17 Holwell Road
Brixham
TQ5 9NE
United Kingdom
COMPANY NUMBER 04579789 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
T AND I STOCKMAN LIMITED

BALANCE SHEET

As at 31 March 2023
T AND I STOCKMAN LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 0 22,933
Tangible assets 4 2,862,802 2,949,441
2,862,802 2,972,374
Current assets
Stocks 70,000 70,000
Debtors 5 151,259 118,856
Cash at bank and in hand 843,369 557,629
1,064,628 746,485
Creditors: amounts falling due within one year 6 ( 334,868) ( 578,347)
Net current assets 729,760 168,138
Total assets less current liabilities 3,592,562 3,140,512
Creditors: amounts falling due after more than one year 7 ( 41,175) ( 41,175)
Provision for liabilities ( 19,981) ( 24,635)
Net assets 3,531,406 3,074,702
Capital and reserves
Called-up share capital 8 869,251 869,251
Profit and loss account 2,662,155 2,205,451
Total shareholder's funds 3,531,406 3,074,702

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of T and I Stockman Limited (registered number: 04579789) were approved and authorised for issue by the Director on 16 October 2023. They were signed on its behalf by:

Mr I D Loram
Director
T AND I STOCKMAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
T AND I STOCKMAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

T and I Stockman Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 17 Holwell Road, Brixham, TQ5 9NE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 20 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 20 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Leasehold improvements depreciated over the life of the lease
Plant and machinery 3 years straight line
Vehicles 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 25 25

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2022 688,000 688,000
At 31 March 2023 688,000 688,000
Accumulated amortisation
At 01 April 2022 665,067 665,067
Charge for the financial year 22,933 22,933
At 31 March 2023 688,000 688,000
Net book value
At 31 March 2023 0 0
At 31 March 2022 22,933 22,933

4. Tangible assets

Land and buildings Leasehold improve-
ments
Plant and machinery Vehicles Total
£ £ £ £ £
Cost
At 01 April 2022 3,023,080 203,412 288,821 596,503 4,111,816
Additions 0 0 10,895 20,310 31,205
At 31 March 2023 3,023,080 203,412 299,716 616,813 4,143,021
Accumulated depreciation
At 01 April 2022 278,200 203,412 270,690 410,073 1,162,375
Charge for the financial year 57,369 0 8,789 51,686 117,844
At 31 March 2023 335,569 203,412 279,479 461,759 1,280,219
Net book value
At 31 March 2023 2,687,511 0 20,237 155,054 2,862,802
At 31 March 2022 2,744,880 0 18,131 186,430 2,949,441

5. Debtors

2023 2022
£ £
Trade debtors 141,359 108,963
Other debtors 9,900 9,893
151,259 118,856

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 65,414 75,929
Taxation and social security 173,001 141,408
Other creditors 96,453 361,010
334,868 578,347

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Other creditors 41,175 41,175

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1
915,000 Redeemable Preference shares of £ 1.00 each 915,000 915,000
915,001 915,001