IRIS Accounts Production v23.3.1.45 03577078 director 1.7.22 30.6.23 30.6.23 true false true false false true false Ordinary 1.00000 Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035770782022-06-30035770782023-06-30035770782022-07-012023-06-30035770782021-06-30035770782021-07-012022-06-30035770782022-06-3003577078ns10:Originalns15:EnglandWales2022-07-012023-06-3003577078ns14:PoundSterlingns10:Original2022-07-012023-06-3003577078ns10:Originalns10:Director12022-07-012023-06-3003577078ns10:Original2022-07-012023-06-3003577078ns10:Original2023-06-3003577078ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3003577078ns10:Originalns10:SmallEntities2022-07-012023-06-3003577078ns10:Originalns10:AuditExemptWithAccountantsReport2022-07-012023-06-3003577078ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3003577078ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3003577078ns10:Originalns10:FullAccounts2022-07-012023-06-3003577078ns10:Originalns10:OrdinaryShareClass12022-07-012023-06-3003577078ns10:Originalns10:OrdinaryShareClass22022-07-012023-06-3003577078ns10:CompanySecretary1ns10:Original2022-07-012023-06-3003577078ns10:Originalns10:RegisteredOffice2022-07-012023-06-3003577078ns10:Original2022-06-3003577078ns10:Originalns5:CurrentFinancialInstruments2023-06-3003577078ns10:Originalns5:CurrentFinancialInstruments2022-06-3003577078ns10:Originalns5:Non-currentFinancialInstruments2023-06-3003577078ns10:Originalns5:Non-currentFinancialInstruments2022-06-3003577078ns5:ShareCapitalns10:Original2023-06-3003577078ns5:ShareCapitalns10:Original2022-06-3003577078ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3003577078ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3003577078ns10:Originalns5:LandBuildings2022-07-012023-06-3003577078ns10:Originalns5:PlantMachinery2022-07-012023-06-3003577078ns10:Original2021-07-012022-06-3003577078ns10:Originalns5:LandBuildings2022-06-3003577078ns10:Originalns5:PlantMachinery2022-06-3003577078ns10:Originalns5:FurnitureFittings2022-06-3003577078ns10:Originalns5:ComputerEquipment2022-06-3003577078ns10:Original2022-06-3003577078ns10:Originalns5:FurnitureFittings2022-07-012023-06-3003577078ns10:Originalns5:ComputerEquipment2022-07-012023-06-3003577078ns10:Originalns5:LandBuildings2023-06-3003577078ns10:Originalns5:PlantMachinery2023-06-3003577078ns10:Originalns5:FurnitureFittings2023-06-3003577078ns10:Originalns5:ComputerEquipment2023-06-3003577078ns10:Originalns5:LandBuildings2022-06-3003577078ns10:Originalns5:PlantMachinery2022-06-3003577078ns10:Originalns5:FurnitureFittings2022-06-3003577078ns10:Originalns5:ComputerEquipment2022-06-3003577078ns10:Originalns5:ComputerEquipmentns5:LeasedAssetsHeldAsLessee2022-06-3003577078ns10:Originalns5:ComputerEquipmentns5:LeasedAssetsHeldAsLessee2022-07-012023-06-3003577078ns10:Originalns5:ComputerEquipmentns5:LeasedAssetsHeldAsLessee2023-06-3003577078ns10:Originalns5:ComputerEquipmentns5:LeasedAssetsHeldAsLessee2022-06-3003577078ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3003577078ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3003577078ns5:Securedns10:Original2023-06-3003577078ns5:Securedns10:Original2022-06-3003577078ns10:Originalns10:OrdinaryShareClass12023-06-3003577078ns10:Originalns10:OrdinaryShareClass22023-06-30
REGISTERED NUMBER: 03577078 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

S W Bostock Limited

S W Bostock Limited (Registered number: 03577078)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

S W Bostock Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: S W Bostock





SECRETARY: Mrs P A Bostock





REGISTERED OFFICE: Home Farm
Clifton Campville
Tamworth
Staffordshire
B79 OAX





REGISTERED NUMBER: 03577078 (England and Wales)





ACCOUNTANTS: Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

S W Bostock Limited (Registered number: 03577078)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,019,401 2,415,342

CURRENT ASSETS
Stocks 36,118 48,488
Debtors 5 23,078 31,616
Cash at bank 60,631 318,489
119,827 398,593
CREDITORS
Amounts falling due within one year 6 (989,807 ) (610,930 )
NET CURRENT LIABILITIES (869,980 ) (212,337 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,149,421

2,203,005

CREDITORS
Amounts falling due after more than one
year

7

(441,478

)

(527,464

)

PROVISIONS FOR LIABILITIES (132,937 ) (180,996 )
NET ASSETS 1,575,006 1,494,545

CAPITAL AND RESERVES
Called up share capital 9 105 105
Retained earnings 1,574,901 1,494,440
SHAREHOLDERS' FUNDS 1,575,006 1,494,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

S W Bostock Limited (Registered number: 03577078)

Balance Sheet - continued
30 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 November 2023 and were signed by:





S W Bostock - Director


S W Bostock Limited (Registered number: 03577078)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

S W Bostock 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - not provided
Plant and machinery etc - 20% on reducing balance and 10% on reducing balance

No depreciation has been provided on the company's freehold properties as in the opinion of the director the expected useful life is sufficiently long and estimated residual values are sufficiently high that any such depreciation would be immaterial. The director undertakes an annual impairment review of these properties.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

S W Bostock Limited (Registered number: 03577078)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Tractors Totals
£    £    £    £    £   
COST
At 1 July 2022 1,848,843 800,888 20,569 372,000 3,042,300
Additions 638,809 36,000 - - 674,809
Disposals - (25,621 ) - - (25,621 )
At 30 June 2023 2,487,652 811,267 20,569 372,000 3,691,488
DEPRECIATION
At 1 July 2022 - 443,163 10,395 173,400 626,958
Charge for year - 34,410 1,080 19,870 55,360
Eliminated on disposal - (10,231 ) - - (10,231 )
At 30 June 2023 - 467,342 11,475 193,270 672,087
NET BOOK VALUE
At 30 June 2023 2,487,652 343,925 9,094 178,730 3,019,401
At 30 June 2022 1,848,843 357,725 10,174 198,600 2,415,342

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Tractors
£   
COST
At 1 July 2022
and 30 June 2023 142,000
DEPRECIATION
Charge for year 12,780
Transfer to ownership 14,200
At 30 June 2023 26,980
NET BOOK VALUE
At 30 June 2023 115,020
At 30 June 2022 142,000

S W Bostock Limited (Registered number: 03577078)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 20,339
Other debtors 23,078 11,277
23,078 31,616

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 60,996 66,005
Hire purchase contracts 30,000 30,000
Trade creditors 117,881 53,545
Taxation and social security 16,583 23,506
Other creditors 764,347 437,874
989,807 610,930

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 441,478 497,464
Hire purchase contracts - 30,000
441,478 527,464

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 502,474 563,469

The borrowings are secured by mortgage and legal charges created in March 1999 and March 2010.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
5 Ordinary A £1 5 5
105 105

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
S W Bostock Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of S W Bostock Limited for the year ended 30 June 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of S W Bostock Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of S W Bostock Limited and state those matters that we have agreed to state to the director of S W Bostock Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S W Bostock Limited and its director for our work or for this report.

It is your duty to ensure that S W Bostock Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of S W Bostock Limited. You consider that S W Bostock Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of S W Bostock Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


1 November 2023