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REGISTERED NUMBER: 00331254 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

R.W.Stokes & Sons, Limited

R.W.Stokes & Sons, Limited (Registered number: 00331254)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


R.W.Stokes & Sons, Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs A E Peel
N W Peel
Ms T Bennett
J S Braen





SECRETARY: A Peel





REGISTERED OFFICE: The Lawn
Suite 1
Union Road
Lincoln
Lincolnshire
LN1 3BU





REGISTERED NUMBER: 00331254 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
R.W.Stokes & Sons, Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of R.W.Stokes & Sons, Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of R.W.Stokes & Sons, Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R.W.Stokes & Sons, Limited and state those matters that we have agreed to state to the Board of Directors of R.W.Stokes & Sons, Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R.W.Stokes & Sons, Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that R.W.Stokes & Sons, Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R.W.Stokes & Sons, Limited. You consider that R.W.Stokes & Sons, Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of R.W.Stokes & Sons, Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA


27 October 2023

R.W.Stokes & Sons, Limited (Registered number: 00331254)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,016,662 1,962,054
Investments 5 6,000 6,000
2,022,662 1,968,054

CURRENT ASSETS
Stocks 462,422 426,809
Debtors 6 257,334 250,120
Cash at bank and in hand 33,425 148,960
753,181 825,889
CREDITORS
Amounts falling due within one year 7 539,413 464,200
NET CURRENT ASSETS 213,768 361,689
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,236,430

2,329,743

CREDITORS
Amounts falling due after more than one
year

8

(858,552

)

(928,178

)

PROVISIONS FOR LIABILITIES (124,478 ) (109,952 )
NET ASSETS 1,253,400 1,291,613

CAPITAL AND RESERVES
Called up share capital 10 4,000 4,000
Retained earnings 1,249,400 1,287,613
SHAREHOLDERS' FUNDS 1,253,400 1,291,613

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 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 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 27 October 2023 and were signed on its behalf by:



N W Peel - Director


R.W.Stokes & Sons, Limited (Registered number: 00331254)

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

1. STATUTORY INFORMATION

R.W.Stokes & Sons, 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and Buildings - 2% on cost
Short leasehold - 2% on cost
Plant and machinery - 20% on reducing balance, Straight line over 20 years and Nil to 1% on cost
Fixtures and fittings - 20% on reducing balance and 10% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on cost and 10% on cost

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.

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 scheme. Contributions payable to the company pension scheme are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 92 (2022 - 133 ) .

R.W.Stokes & Sons, Limited (Registered number: 00331254)

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

4. TANGIBLE FIXED ASSETS
Land and Short Plant and
Buildings leasehold machinery
£    £    £   
COST
At 1 April 2022 1,858,163 34,600 160,678
Additions 22,688 - 65,748
At 31 March 2023 1,880,851 34,600 226,426
DEPRECIATION
At 1 April 2022 210,328 18,158 92,413
Charge for year 37,332 432 18,517
At 31 March 2023 247,660 18,590 110,930
NET BOOK VALUE
At 31 March 2023 1,633,191 16,010 115,496
At 31 March 2022 1,647,835 16,442 68,265

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 595,689 85,629 42,774 2,777,533
Additions 19,282 22,320 34,830 164,868
At 31 March 2023 614,971 107,949 77,604 2,942,401
DEPRECIATION
At 1 April 2022 429,705 43,869 21,006 815,479
Charge for year 32,623 12,427 8,929 110,260
At 31 March 2023 462,328 56,296 29,935 925,739
NET BOOK VALUE
At 31 March 2023 152,643 51,653 47,669 2,016,662
At 31 March 2022 165,984 41,760 21,768 1,962,054

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Other investments 6,000 6,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 196,321 186,853
Other debtors 61,013 63,267
257,334 250,120

R.W.Stokes & Sons, Limited (Registered number: 00331254)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 65,620 65,020
Hire purchase contracts 3,202 2,995
Trade creditors 245,113 186,248
Taxation and social security 87,941 115,272
Other creditors 137,537 94,665
539,413 464,200

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 856,638 923,062
Hire purchase contracts 1,914 5,116
858,552 928,178

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 634,158 672,982

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 5,116 8,111
Bank loans 812,257 848,081
817,373 856,192

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
800 Ordinary A £1 800 800
2,000 Ordinary B £1 2,000 2,000
400 Ordinary C £1 400 400
800 Ordinary D £1 800 800
4,000 4,000