Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseManagement Services22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07210824 2022-04-01 2023-03-31 07210824 2021-04-01 2022-03-31 07210824 2023-03-31 07210824 2022-03-31 07210824 c:Director1 2022-04-01 2023-03-31 07210824 d:FurnitureFittings 2022-04-01 2023-03-31 07210824 d:FurnitureFittings 2023-03-31 07210824 d:FurnitureFittings 2022-03-31 07210824 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07210824 d:ComputerEquipment 2022-04-01 2023-03-31 07210824 d:ComputerEquipment 2023-03-31 07210824 d:ComputerEquipment 2022-03-31 07210824 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07210824 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07210824 d:CurrentFinancialInstruments 2023-03-31 07210824 d:CurrentFinancialInstruments 2022-03-31 07210824 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07210824 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07210824 d:ShareCapital 2023-03-31 07210824 d:ShareCapital 2022-03-31 07210824 d:RetainedEarningsAccumulatedLosses 2023-03-31 07210824 d:RetainedEarningsAccumulatedLosses 2022-03-31 07210824 c:FRS102 2022-04-01 2023-03-31 07210824 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07210824 c:FullAccounts 2022-04-01 2023-03-31 07210824 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07210824 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 07210824









STANLEY AND INGRAM LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
STANLEY AND INGRAM LIMITED
REGISTERED NUMBER: 07210824

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,389
1,913

  
1,389
1,913

Current assets
  

Debtors: amounts falling due within one year
 6 
172,038
151,223

Cash at bank and in hand
 7 
32,419
11,530

  
204,457
162,753

Creditors: amounts falling due within one year
 8 
(264,310)
(249,675)

Net current liabilities
  
 
 
(59,853)
 
 
(86,922)

Total assets less current liabilities
  
(58,464)
(85,009)

  

Net liabilities
  
(58,464)
(85,009)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(58,564)
(85,109)

  
(58,464)
(85,009)


Page 1

 
STANLEY AND INGRAM LIMITED
REGISTERED NUMBER: 07210824
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


G Bhandal
Director

Date: 6 November 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
STANLEY AND INGRAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Stanley and Ingram Limited is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the directors have adopted the going concern basis of accounting in preparing the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
STANLEY AND INGRAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance
Computer equipment
-
25%
straight line

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates. In the accounts amounts recoverable on long term contracts is carried at unbilled time based on charge out rates less a provision where the members believe such time will not be recoverable.


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
STANLEY AND INGRAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
6,678
317
6,995



At 31 March 2023

6,678
317
6,995



Depreciation


At 1 April 2022
4,898
184
5,082


Charge for the year on owned assets
445
79
524



At 31 March 2023

5,343
263
5,606



Net book value



At 31 March 2023
1,335
54
1,389



At 31 March 2022
1,780
133
1,913


6.


Debtors

2023
2022
£
£


Other debtors
172,038
151,223

172,038
151,223



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
32,419
11,530

32,419
11,530


Page 5

 
STANLEY AND INGRAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
246,360
247,103

Trade creditors
7,835
1,450

Other taxation and social security
7,935
-

Accruals and deferred income
2,180
1,122

264,310
249,675



9.


Related party transactions

In creditors there are loans from related parties of £246,360 (2022: £247,103). In other debtors there are also loans to related parties of £171,538 (2022: £147,663). No interest is charged on these loans and they are repayable on demand.

 
Page 6