Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2022-04-01falseNo description of principal activity1011trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00600023 2022-04-01 2023-03-31 00600023 2021-04-01 2022-03-31 00600023 2023-03-31 00600023 2022-03-31 00600023 c:Director1 2022-04-01 2023-03-31 00600023 d:Buildings 2022-04-01 2023-03-31 00600023 d:Buildings 2023-03-31 00600023 d:Buildings 2022-03-31 00600023 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00600023 d:Buildings d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 00600023 d:LandBuildings 2023-03-31 00600023 d:LandBuildings 2022-03-31 00600023 d:PlantMachinery 2022-04-01 2023-03-31 00600023 d:PlantMachinery 2023-03-31 00600023 d:PlantMachinery 2022-03-31 00600023 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00600023 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 00600023 d:MotorVehicles 2022-04-01 2023-03-31 00600023 d:MotorVehicles 2023-03-31 00600023 d:MotorVehicles 2022-03-31 00600023 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00600023 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 00600023 d:FurnitureFittings 2022-04-01 2023-03-31 00600023 d:FurnitureFittings 2023-03-31 00600023 d:FurnitureFittings 2022-03-31 00600023 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00600023 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 00600023 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00600023 d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 00600023 d:CurrentFinancialInstruments 2023-03-31 00600023 d:CurrentFinancialInstruments 2022-03-31 00600023 d:Non-currentFinancialInstruments 2023-03-31 00600023 d:Non-currentFinancialInstruments 2022-03-31 00600023 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00600023 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 00600023 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 00600023 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 00600023 d:ShareCapital 2023-03-31 00600023 d:ShareCapital 2022-03-31 00600023 d:CapitalRedemptionReserve 2023-03-31 00600023 d:CapitalRedemptionReserve 2022-03-31 00600023 d:RevaluationReserve 2023-03-31 00600023 d:RevaluationReserve 2022-03-31 00600023 d:RetainedEarningsAccumulatedLosses 2023-03-31 00600023 d:RetainedEarningsAccumulatedLosses 2022-03-31 00600023 c:FRS102 2022-04-01 2023-03-31 00600023 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 00600023 c:FullAccounts 2022-04-01 2023-03-31 00600023 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 00600023 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 00600023 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 00600023 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 00600023 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 00600023 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 00600023










STANTONS (WEYBRIDGE) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
STANTONS (WEYBRIDGE) LIMITED
REGISTERED NUMBER: 00600023

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,461,661
3,497,202

  
3,461,661
3,497,202

Current assets
  

Stocks
  
128,450
133,079

Debtors: amounts falling due within one year
 5 
1,439,603
1,437,594

Cash at bank and in hand
 6 
121,453
167,189

  
1,689,506
1,737,862

Creditors: amounts falling due within one year
 7 
(358,264)
(392,633)

Net current assets
  
 
 
1,331,242
 
 
1,345,229

Total assets less current liabilities
  
4,792,903
4,842,431

Creditors: amounts falling due after more than one year
 8 
-
(9,424)

Provisions for liabilities
  

Deferred tax
  
(7,717)
(11,631)

  
 
 
(7,717)
 
 
(11,631)

Net assets
  
4,785,186
4,821,376


Capital and reserves
  

Called up share capital 
  
7,650
7,650

Revaluation reserve
  
2,132,989
2,132,989

Capital redemption reserve
  
468,797
468,797

Profit and loss account
  
2,175,750
2,211,940

  
4,785,186
4,821,376


Page 1

 
STANTONS (WEYBRIDGE) LIMITED
REGISTERED NUMBER: 00600023
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




T M Stanton
Director

Date: 20 February 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
STANTONS (WEYBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Stantons (Weybridge) Limited (registered number 00600023) is a private company, limited by shares and incorporated in England and Wales. Its registered office is Canal Bridge, Byfleet Road, New Haw, Weybridge, KT15 3JE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
STANTONS (WEYBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Freehold property was deeemed to be held at cost on transtion to FRS102 1A.

 
2.5

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.6

Valuation of investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
STANTONS (WEYBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

The company only enters into basic financial instrument transactions that result in the recognition of financial assets as liabilities like trade and other debtors and creditors, loans from banks and other
Page 5

 
STANTONS (WEYBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.10
Financial instruments (continued)

third parties, loans to related parties and investment in ordinary shares. 

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.13

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

  
2.14

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.15

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
STANTONS (WEYBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.17

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2022 - 11).

Page 7

 
STANTONS (WEYBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 April 2022
3,500,000
718,321
265,187
131,017
4,614,525


Disposals
-
-
(50,231)
-
(50,231)



At 31 March 2023

3,500,000
718,321
214,956
131,017
4,564,294



Depreciation


At 1 April 2022
76,471
710,263
199,684
130,905
1,117,323


Charge for the year on owned assets
15,000
2,015
10,946
28
27,989


Charge for the year on financed assets
-
-
5,430
-
5,430


Disposals
-
-
(48,109)
-
(48,109)



At 31 March 2023

91,471
712,278
167,951
130,933
1,102,633



Net book value



At 31 March 2023
3,408,529
6,043
47,005
84
3,461,661



At 31 March 2022
3,423,529
8,058
65,503
112
3,497,202




The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Freehold
3,408,529
3,423,529

3,408,529
3,423,529


Page 8

 
STANTONS (WEYBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Trade debtors
52,994
43,071

Amounts owed by associated companies
217,147
234,862

Other debtors
837,981
844,662

Prepayments and accrued income
80,772
64,290

Tax recoverable
250,709
250,709

1,439,603
1,437,594



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
121,453
167,189



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
198,654
192,471

Corporation tax
51,263
94,256

Other taxation and social security
67,872
69,316

Obligations under finance lease and hire purchase contracts
9,424
8,877

Other creditors
18,907
17,965

Accruals and deferred income
12,144
9,748

358,264
392,633



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
-
9,424


Page 9

 
STANTONS (WEYBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
9,424
8,877

Between 1-5 years
-
9,424

9,424
18,301


10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company  to the fund and amounted to £6,265 (2022- £5,803). Contributions totalling £1,652 (2022 - £1,111) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 10