IRIS Accounts Production v23.1.5.20 02672613 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh026726132022-02-28026726132023-02-28026726132022-03-012023-02-28026726132021-02-28026726132021-03-012022-02-28026726132022-02-2802672613ns15:EnglandWales2022-03-012023-02-2802672613ns14:PoundSterling2022-03-012023-02-2802672613ns10:Director12022-03-012023-02-2802672613ns10:PrivateLimitedCompanyLtd2022-03-012023-02-2802672613ns10:SmallEntities2022-03-012023-02-2802672613ns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2802672613ns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2802672613ns10:SmallCompaniesRegimeForAccounts2022-03-012023-02-2802672613ns10:FullAccounts2022-03-012023-02-2802672613ns10:Director32022-03-012023-02-2802672613ns10:CompanySecretary12022-03-012023-02-2802672613ns10:RegisteredOffice2022-03-012023-02-2802672613ns5:CurrentFinancialInstruments2023-02-2802672613ns5:CurrentFinancialInstruments2022-02-2802672613ns5:ShareCapital2023-02-2802672613ns5:ShareCapital2022-02-2802672613ns5:RetainedEarningsAccumulatedLosses2023-02-2802672613ns5:RetainedEarningsAccumulatedLosses2022-02-2802672613ns5:PlantMachinery2022-03-012023-02-2802672613ns5:PlantMachinery2022-02-2802672613ns5:PlantMachinery2023-02-2802672613ns5:PlantMachinery2022-02-2802672613ns5:CostValuation2022-02-2802672613ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2802672613ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2802672613ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-02-2802672613ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-02-28
REGISTERED NUMBER: 02672613 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

SHOWSTOCK LIMITED

SHOWSTOCK LIMITED (REGISTERED NUMBER: 02672613)

Contents of the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHOWSTOCK LIMITED

Company Information
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: R M Fairgrieve
I Fairgrieve





SECRETARY: R M Fairgrieve





REGISTERED OFFICE: C/O Two Lighthouses Ltd
Milburn House
Dean Street
Newcastle Upon Tyne
NE1 1LF





REGISTERED NUMBER: 02672613 (England and Wales)





ACCOUNTANTS: Diverset Limited
Chartered Accountants
Ferrari House
258 Field End Road
Ruislip
Middlesex
HA4 9UU

SHOWSTOCK LIMITED (REGISTERED NUMBER: 02672613)

Balance Sheet
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,847
Investments 5 6,072 6,072
6,072 7,919

CURRENT ASSETS
Debtors 6 169,245 267,033
Cash at bank 24,525 6,332
193,770 273,365
CREDITORS
Amounts falling due within one year 7 110,576 115,583
NET CURRENT ASSETS 83,194 157,782
TOTAL ASSETS LESS CURRENT LIABILITIES 89,266 165,701

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 88,266 164,701
SHAREHOLDERS' FUNDS 89,266 165,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

SHOWSTOCK LIMITED (REGISTERED NUMBER: 02672613)

Balance Sheet - continued
28 FEBRUARY 2023


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 29 September 2023 and were signed on its behalf by:





R M Fairgrieve - Director


SHOWSTOCK LIMITED (REGISTERED NUMBER: 02672613)

Notes to the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Showstock 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.

The directors have concluded that the company is and remains a going concern based on the directors continued support.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

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 - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

SHOWSTOCK LIMITED (REGISTERED NUMBER: 02672613)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 8,315
Disposals (8,315 )
At 28 February 2023 -
DEPRECIATION
At 1 March 2022 6,468
Eliminated on disposal (6,468 )
At 28 February 2023 -
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 1,847

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2022
and 28 February 2023 6,072
NET BOOK VALUE
At 28 February 2023 6,072
At 28 February 2022 6,072

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 17,282 16,885
Other debtors 151,963 230,137
169,245 247,022

SHOWSTOCK LIMITED (REGISTERED NUMBER: 02672613)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


6. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Other debtors - 20,011

Aggregate amounts 169,245 267,033

Included in other debtors, is £20,015 (2022: £60,011) secured on a property which was was sold in February 2020 year end accounts.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 925 757
Taxation and social security 2,294 3,778
Other creditors 107,357 111,048
110,576 115,583

8. RELATED PARTY DISCLOSURES

The director, I Fairgrieve was owed £100,000 (2022: £104,000) at the year end, which is included in other creditors, no interest or repayment terms have been set on this loan.

Included in other debtors is £71,830 (2022: £100,000) loan from the company to Gelderd Holdings Ltd which I Fairgrieve the is a shareholder of, interest has been charged at a commercial rate.