Company registration number 04369444 (England and Wales)
M J STALLARD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
M J STALLARD LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
M J STALLARD LIMITED
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
615,124
670,765
Current assets
Stocks
6,900
10,000
Debtors
4
44,619
69,619
Cash at bank and in hand
97,483
78,702
149,002
158,321
Creditors: amounts falling due within one year
5
(479,927)
(511,482)
Net current liabilities
(330,925)
(353,161)
Total assets less current liabilities
284,199
317,604
Creditors: amounts falling due after more than one year
6
(15,121)
(36,999)
Provisions for liabilities
(116,047)
(123,903)
Net assets
153,031
156,702
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
152,931
156,602
Total equity
153,031
156,702

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

M J STALLARD LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023
31 March 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 13 November 2023 and are signed on its behalf by:
Mr M J Stallard
Director
Company Registration No. 04369444
M J STALLARD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information

M J Stallard Limited is a private company limited by shares incorporated in England and Wales. The registered office is Priory Rise, Modbury, Ivybridge, England, PL21 0TB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

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

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Property improvements
10% on straight line basis
Plant and equipment
15% on written down value and 5% on straight line basis
Tractors
15% on written down value
Computers
25% on written down value
Motor vehicles
25% on written down value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

M J STALLARD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.6
Retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss in the period to which they relate.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
4
4
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2022
13,263
1,161,284
1,174,547
Additions
-
0
113,384
113,384
Disposals
-
0
(122,958)
(122,958)
At 31 March 2023
13,263
1,151,710
1,164,973
Depreciation and impairment
At 1 April 2022
11,628
492,154
503,782
Depreciation charged in the year
218
100,928
101,146
Eliminated in respect of disposals
-
0
(55,079)
(55,079)
At 31 March 2023
11,846
538,003
549,849
Carrying amount
At 31 March 2023
1,417
613,707
615,124
At 31 March 2022
1,635
669,130
670,765
M J STALLARD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
36,245
26,338
Other debtors
8,374
43,281
44,619
69,619
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
7,326
31,514
Taxation and social security
18,618
299
Other creditors
453,983
479,669
479,927
511,482

Included in other creditors are net obligations under hire purchase contracts of £21,878 (2022 £29,774) which are secured on the assets concerned.

6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
15,121
36,999

Included in other creditors are net obligations under hire purchase contracts of £15,121 (2022 £36,999 ) which are secured on the assets concerned.

7
Called up share capital
2023
2022
£
£
Ordinary share capital
Authorised
50 ordinary A shares of £1 each
50
50
30 ordinary B shares of £1 each
30
30
20 ordinary C shares of £1 each
20
20
100
100
2023-03-312022-04-01false13 November 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr M J StallardMr C J StallardMrs C M Stallardfalse043694442022-04-012023-03-31043694442023-03-31043694442022-03-3104369444core:LandBuildings2023-03-3104369444core:OtherPropertyPlantEquipment2023-03-3104369444core:LandBuildings2022-03-3104369444core:OtherPropertyPlantEquipment2022-03-3104369444core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3104369444core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3104369444core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-3104369444core:Non-currentFinancialInstrumentscore:AfterOneYear2022-03-3104369444core:CurrentFinancialInstruments2023-03-3104369444core:CurrentFinancialInstruments2022-03-3104369444core:ShareCapital2023-03-3104369444core:ShareCapital2022-03-3104369444core:RetainedEarningsAccumulatedLosses2023-03-3104369444core:RetainedEarningsAccumulatedLosses2022-03-3104369444bus:Director12022-04-012023-03-3104369444core:LandBuildingscore:OwnedOrFreeholdAssets2022-04-012023-03-3104369444core:PlantMachinery2022-04-012023-03-3104369444core:FurnitureFittings2022-04-012023-03-3104369444core:ComputerEquipment2022-04-012023-03-3104369444core:MotorVehicles2022-04-012023-03-31043694442021-04-012022-03-3104369444core:LandBuildings2022-03-3104369444core:OtherPropertyPlantEquipment2022-03-31043694442022-03-3104369444core:LandBuildings2022-04-012023-03-3104369444core:OtherPropertyPlantEquipment2022-04-012023-03-3104369444core:WithinOneYear2023-03-3104369444core:WithinOneYear2022-03-3104369444core:Non-currentFinancialInstruments2023-03-3104369444core:Non-currentFinancialInstruments2022-03-3104369444bus:PrivateLimitedCompanyLtd2022-04-012023-03-3104369444bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3104369444bus:FRS1022022-04-012023-03-3104369444bus:AuditExemptWithAccountantsReport2022-04-012023-03-3104369444bus:Director22022-04-012023-03-3104369444bus:CompanySecretary12022-04-012023-03-3104369444bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP