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REGISTERED NUMBER: 00972539 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

STANTON AND NOVELTY CONFECTIONERS
LIMITED

STANTON AND NOVELTY CONFECTIONERS
LIMITED (REGISTERED NUMBER: 00972539)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STANTON AND NOVELTY CONFECTIONERS
LIMITED

COMPANY INFORMATION
for the year ended 31 October 2023







DIRECTORS: Mr G W Thorp
Mr D W Thorp





REGISTERED OFFICE: Warwick Road
Blackpool
Lancashire
FY3 8BA





REGISTERED NUMBER: 00972539 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
Chartered Accountants
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

STANTON AND NOVELTY CONFECTIONERS
LIMITED (REGISTERED NUMBER: 00972539)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 34,712 43,921

CURRENT ASSETS
Stocks 136,238 135,163
Debtors 5 87,625 54,205
Cash at bank and in hand 77,314 53,184
301,177 242,552
CREDITORS
Amounts falling due within one year 6 (242,299 ) (180,375 )
NET CURRENT ASSETS 58,878 62,177
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,590

106,098

CREDITORS
Amounts falling due after more than one
year

7

(17,500

)

(27,500

)

PROVISIONS FOR LIABILITIES (6,595 ) (8,487 )
NET ASSETS 69,495 70,111

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 4,050 4,050
Retained earnings 65,345 65,961
SHAREHOLDERS' FUNDS 69,495 70,111

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

STANTON AND NOVELTY CONFECTIONERS
LIMITED (REGISTERED NUMBER: 00972539)

BALANCE SHEET - continued
31 October 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 9 February 2024 and were signed on its behalf by:





Mr G W Thorp - Director


STANTON AND NOVELTY CONFECTIONERS
LIMITED (REGISTERED NUMBER: 00972539)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2023

1. STATUTORY INFORMATION

Stanton and Novelty Confectioners 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

STANTON AND NOVELTY CONFECTIONERS
LIMITED (REGISTERED NUMBER: 00972539)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 468,719 53,330 36,125 558,174
DEPRECIATION
At 1 November 2022 430,788 51,271 32,194 514,253
Charge for year 7,723 503 983 9,209
At 31 October 2023 438,511 51,774 33,177 523,462
NET BOOK VALUE
At 31 October 2023 30,208 1,556 2,948 34,712
At 31 October 2022 37,931 2,059 3,931 43,921

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 56,823 48,637
Other debtors 2,426 2,793
Directors' current accounts 17,272 -
Prepayments 11,104 2,775
87,625 54,205

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 111,166 120,428
Amounts owed to group undertakings 704 704
Tax 19,268 4,925
Social security and other taxes 5,925 5,070
VAT 29,947 25,390
Other creditors 54,664 4
Directors' current accounts - 373
Accruals and deferred income 10,625 13,481
242,299 180,375

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 17,500 27,500

STANTON AND NOVELTY CONFECTIONERS
LIMITED (REGISTERED NUMBER: 00972539)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 10,580 8,069
Between one and five years 11,039 2,300
21,619 10,369

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Mr G W Thorp
Balance outstanding at start of year - -
Amounts advanced 41,522 30,922
Amounts repaid (24,250 ) (30,922 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,272 -

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr G W Thorp.