IRIS Accounts Production v23.3.1.45 05233702 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh052337022022-05-31052337022023-05-31052337022022-06-012023-05-31052337022021-05-31052337022021-06-012022-05-31052337022022-05-3105233702ns10:Originalns15:EnglandWales2022-06-012023-05-3105233702ns14:PoundSterlingns10:Original2022-06-012023-05-3105233702ns10:Originalns10:Director12022-06-012023-05-3105233702ns10:Original2022-06-012023-05-3105233702ns10:Original2023-05-3105233702ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3105233702ns10:Originalns10:SmallEntities2022-06-012023-05-3105233702ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3105233702ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3105233702ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3105233702ns10:Originalns10:FullAccounts2022-06-012023-05-3105233702ns10:Original12022-06-012023-05-3105233702ns10:Originalns10:Director22022-06-012023-05-3105233702ns10:CompanySecretary1ns10:Original2022-06-012023-05-3105233702ns10:Originalns10:RegisteredOffice2022-06-012023-05-3105233702ns10:Original2022-05-3105233702ns10:Originalns5:CurrentFinancialInstruments2023-05-3105233702ns10:Originalns5:CurrentFinancialInstruments2022-05-3105233702ns5:ShareCapitalns10:Original2023-05-3105233702ns5:ShareCapitalns10:Original2022-05-3105233702ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3105233702ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3105233702ns10:Originalns5:NetGoodwill2022-06-012023-05-3105233702ns10:Originalns5:PlantMachinery2022-06-012023-05-3105233702ns10:Originalns5:MotorVehicles2022-06-012023-05-3105233702ns10:Original2021-06-012022-05-3105233702ns10:Originalns5:NetGoodwill2022-05-3105233702ns10:Originalns5:NetGoodwill2023-05-3105233702ns10:Originalns5:NetGoodwill2022-05-3105233702ns10:Originalns5:LeaseholdImprovements2022-05-3105233702ns10:Originalns5:PlantMachinery2022-05-3105233702ns10:Originalns5:MotorVehicles2022-05-3105233702ns10:Original2022-05-3105233702ns10:Originalns5:LeaseholdImprovements2022-06-012023-05-3105233702ns10:Originalns5:LeaseholdImprovements2023-05-3105233702ns10:Originalns5:PlantMachinery2023-05-3105233702ns10:Originalns5:MotorVehicles2023-05-3105233702ns10:Originalns5:LeaseholdImprovements2022-05-3105233702ns10:Originalns5:PlantMachinery2022-05-3105233702ns10:Originalns5:MotorVehicles2022-05-3105233702ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3105233702ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-31
REGISTERED NUMBER: 05233702 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Stafford & Coomber Limited

Stafford & Coomber Limited (Registered number: 05233702)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Stafford & Coomber Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mrs K L Crawley
M A Crawley





SECRETARY: Mrs K L Crawley





REGISTERED OFFICE: 112 Lambrook Road
TAUNTON
Somerset
TA1 2AD





REGISTERED NUMBER: 05233702 (England and Wales)





ACCOUNTANTS: A C Mole
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

Stafford & Coomber Limited (Registered number: 05233702)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 88,114 73,665
88,114 73,665

CURRENT ASSETS
Stocks 31,605 20,483
Debtors 6 167,018 300,145
Cash at bank and in hand 545,696 596,634
744,319 917,262
CREDITORS
Amounts falling due within one year 7 186,889 358,335
NET CURRENT ASSETS 557,430 558,927
TOTAL ASSETS LESS CURRENT
LIABILITIES

645,544

632,592

PROVISIONS FOR LIABILITIES 21,546 17,933
NET ASSETS 623,998 614,659

CAPITAL AND RESERVES
Called up share capital 1,500 1,500
Retained earnings 622,498 613,159
SHAREHOLDERS' FUNDS 623,998 614,659

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 30 January 2024 and were signed on its behalf by:





M A Crawley - Director


Stafford & Coomber Limited (Registered number: 05233702)

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

1. STATUTORY INFORMATION

Stafford & Coomber 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.

Critical accounting estimates and judgements
The directors is of the opinion that there are no estimates or assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, has been fully written off.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 15 (2022 - 15 ) .

Stafford & Coomber Limited (Registered number: 05233702)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 269,873
AMORTISATION
At 1 June 2022
and 31 May 2023 269,873
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. TANGIBLE FIXED ASSETS
Tenants Plant and Motor
Improvements machinery vehicles Totals
£    £    £    £   
COST
At 1 June 2022 1,931 37,179 184,790 223,900
Additions - 2,762 41,495 44,257
Disposals - - (23,294 ) (23,294 )
At 31 May 2023 1,931 39,941 202,991 244,863
DEPRECIATION
At 1 June 2022 - 24,207 126,028 150,235
Charge for year - 2,360 24,270 26,630
Eliminated on disposal - - (20,116 ) (20,116 )
At 31 May 2023 - 26,567 130,182 156,749
NET BOOK VALUE
At 31 May 2023 1,931 13,374 72,809 88,114
At 31 May 2022 1,931 12,972 58,762 73,665

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 167,018 273,931
VAT - 26,214
167,018 300,145

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 141,067 313,869
Tax 16,065 18,647
Social security and other taxes 11,602 21,403
VAT 12,988 -
Other creditors 499 -
Directors' current accounts 1,037 1,037
Accruals and deferred income 3,631 3,379
186,889 358,335