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REGISTERED NUMBER: 11472412 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Stokes Homes Limited

Stokes Homes Limited (Registered number: 11472412)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stokes Homes Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: D Fernandez-Stokes
Mrs J E Fernandez-Stokes





REGISTERED OFFICE: Ground Floor, The Old Barn
Lady Farm
Chelwood
Bristol
BS39 4NN





REGISTERED NUMBER: 11472412 (England and Wales)





ACCOUNTANTS: Underwood Lamb Professional Services Ltd
Ground Floor, The Old Barn
Lady Farm
Chelwood
Bristol
BS39 4NN

Stokes Homes Limited (Registered number: 11472412)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52 1,298

CURRENT ASSETS
Stocks 101,492 91,000
Debtors 5 47,268 3,214
Cash at bank 6,492 59,213
155,252 153,427
CREDITORS
Amounts falling due within one year 6 41,033 27,526
NET CURRENT ASSETS 114,219 125,901
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,271

127,199

CREDITORS
Amounts falling due after more than one
year

7

104,170

124,992
NET ASSETS 10,101 2,207

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 10,001 2,107
10,101 2,207

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.

Stokes Homes Limited (Registered number: 11472412)

Balance Sheet - continued
31 March 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 17 August 2023 and were signed on its behalf by:




D Fernandez-Stokes - Director



Mrs J E Fernandez-Stokes - Director


Stokes Homes Limited (Registered number: 11472412)

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

1. STATUTORY INFORMATION

Stokes Homes 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on cost
Motor vehicles - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Stokes Homes Limited (Registered number: 11472412)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 1,348 4,594 5,942
DEPRECIATION
At 1 April 2022 1,006 3,638 4,644
Charge for year 291 955 1,246
At 31 March 2023 1,297 4,593 5,890
NET BOOK VALUE
At 31 March 2023 51 1 52
At 31 March 2022 342 956 1,298

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 44,616 -
Other debtors 2,652 3,214
47,268 3,214

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 6,250 8,333
Taxation and social security 11,803 1,244
Other creditors 22,980 17,949
41,033 27,526

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 37,345 41,667
Other creditors 66,825 83,325
104,170 124,992

Stokes Homes Limited (Registered number: 11472412)

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

8. RESERVES
Retained
earnings
£   

At 1 April 2022 2,107
Profit for the year 46,894
Dividends (39,000 )
At 31 March 2023 10,001