1 June 2022 false Taxfiler 2023.11.1 11039649business:PrivateLimitedCompanyLtd2022-06-012023-05-31 110396492022-05-31 110396492022-06-012023-05-31 11039649business:AuditExemptWithAccountantsReport2022-06-012023-05-31 11039649business:FilletedAccounts2022-06-012023-05-31 110396492023-05-31 11039649business:Director12022-06-012023-05-31 11039649business:RegisteredOffice2022-06-012023-05-31 110396492022-05-31 11039649core:WithinOneYear2023-05-31 11039649core:WithinOneYear2022-05-31 11039649core:AfterOneYear2023-05-31 11039649core:AfterOneYear2022-05-31 11039649core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 11039649core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 11039649core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 11039649core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 11039649core:PreviouslyStatedAmount2023-05-31 11039649core:PreviouslyStatedAmount2022-05-31 11039649business:SmallEntities2022-06-012023-05-31 11039649countries:EnglandWales2022-06-012023-05-31 11039649core:MotorVehicles2022-06-012023-05-31 11039649core:ComputerEquipment2022-06-012023-05-31 11039649core:MotorVehicles2022-05-31 11039649core:ComputerEquipment2022-05-31 11039649core:MotorVehicles2023-05-31 11039649core:ComputerEquipment2023-05-31 11039649core:AfterOneYear2022-06-012023-05-31 11039649business:OrdinaryShareClass12022-06-012023-05-31 11039649business:OrdinaryShareClass12021-06-012022-05-31 11039649business:Director112022-06-012023-05-31 11039649business:Director112022-05-31 11039649business:Director112023-05-31 110396492021-06-012022-05-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 11039649 (England and Wales)
Keith Stockdale and Company Limited Unaudited accounts for the year ended 31 May 2023
Keith Stockdale and Company Limited Unaudited accounts Contents
Page
- 2 -
Keith Stockdale and Company Limited Company Information for the year ended 31 May 2023
Director
K Stockdale
Company Number
11039649 (England and Wales)
Registered Office
ST INGUNGER OFFICES LANIVET BODMIN PL30 5HS UNITED KINGDOM
Accountants
Callywith Accountants 70 Castle Street Bodmin Cornwall PL31 2DY
- 3 -
Keith Stockdale and Company Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
197,695 
219,137 
Current assets
Debtors
658,522 
640,456 
Cash at bank and in hand
759 
61,962 
659,281 
702,418 
Creditors: amounts falling due within one year
(305,830)
(226,832)
Net current assets
353,451 
475,586 
Total assets less current liabilities
551,146 
694,723 
Creditors: amounts falling due after more than one year
(350,362)
(414,172)
Provisions for liabilities
Deferred tax
(37,562)
(41,636)
Net assets
163,222 
238,915 
Capital and reserves
Called up share capital
5,000 
5,000 
Profit and loss account
158,222 
233,915 
Shareholders' funds
163,222 
238,915 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 February 2024 and were signed on its behalf by
K Stockdale Director Company Registration No. 11039649
- 4 -
Keith Stockdale and Company Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Keith Stockdale and Company Limited is a private company, limited by shares, registered in England and Wales, registration number 11039649. The registered office is ST INGUNGER OFFICES, LANIVET, BODMIN, PL30 5HS, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% of net book value and at a monthly flat rate
Computer equipment
20% of net book value
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
Keith Stockdale and Company Limited Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
250,940 
17,747 
268,687 
Additions
- 
1,419 
1,419 
At 31 May 2023
250,940 
19,166 
270,106 
Depreciation
At 1 June 2022
40,287 
9,263 
49,550 
Charge for the year
20,880 
1,981 
22,861 
At 31 May 2023
61,167 
11,244 
72,411 
Net book value
At 31 May 2023
189,773 
7,922 
197,695 
At 31 May 2022
210,653 
8,484 
219,137 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
19,784 
1,461 
Accrued income and prepayments
528 
- 
Other debtors
638,210 
638,995 
658,522 
640,456 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
62,569 
38,365 
Obligations under finance leases and hire purchase contracts
9,188 
9,188 
Trade creditors
46,106 
16,718 
Taxes and social security
185,647 
159,051 
Accruals
2,320 
3,510 
305,830 
226,832 
- 6 -
Keith Stockdale and Company Limited Notes to the Accounts for the year ended 31 May 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
185,517 
240,139 
Obligations under finance leases and hire purchase contracts
146,845 
156,033 
Other creditors
18,000 
18,000 
350,362 
414,172 
1. Bounce Back loan of £37917 repayable over seven years, with repayments due within 12 months amounting to £5,417. 2. A Recovery Loan of £68250 repayable over four years, with repayments due within 12 months amounting to £21,000, secured by a guarantee from the UK Government. 3. A Recovery loan of £133,972 repayable over five years, with repayments due within 12 months amounting to £28,205, secured a guarantee from the UK Government. 4. Hire purchase agreement for £215,940 over 5 years from 23 March 2021, with monthly instalments of £1,515.21 and a final instalment of £131,515.21 payable 23 March 2026. 5. An interest free loan of £18,000 from the director in accordance with the terms of the Subordinated Loan Agreement dated 10 November 2017. The loan is only repayable with the prior consent of The Financial Conduct Authority.
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
5,000 Ordinary shares of £1 each
5,000 
5,000 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
K Stockdale
Loan repayable on demand and interest free.
482,261 
49,214 
- 
531,475 
482,261 
49,214 
- 
531,475 
10
Average number of employees
During the year the average number of employees was 10 (2022: 10).
- 7 -