Silverfin false false 30/06/2023 01/07/2022 30/06/2023 Mr E C Bowcott 29/06/1991 13 March 2024 The principal activity of the Company during the financial year was the rental of storage units. 01784858 2023-06-30 01784858 bus:Director1 2023-06-30 01784858 2022-06-30 01784858 core:CurrentFinancialInstruments 2023-06-30 01784858 core:CurrentFinancialInstruments 2022-06-30 01784858 core:ShareCapital 2023-06-30 01784858 core:ShareCapital 2022-06-30 01784858 core:RetainedEarningsAccumulatedLosses 2023-06-30 01784858 core:RetainedEarningsAccumulatedLosses 2022-06-30 01784858 core:LandBuildings 2022-06-30 01784858 core:OtherPropertyPlantEquipment 2022-06-30 01784858 core:LandBuildings 2023-06-30 01784858 core:OtherPropertyPlantEquipment 2023-06-30 01784858 core:CostValuation 2022-06-30 01784858 core:CostValuation 2023-06-30 01784858 bus:OrdinaryShareClass1 2023-06-30 01784858 2022-07-01 2023-06-30 01784858 bus:FilletedAccounts 2022-07-01 2023-06-30 01784858 bus:SmallEntities 2022-07-01 2023-06-30 01784858 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 01784858 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 01784858 bus:Director1 2022-07-01 2023-06-30 01784858 core:LandBuildings core:TopRangeValue 2022-07-01 2023-06-30 01784858 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-07-01 2023-06-30 01784858 2021-07-01 2022-06-30 01784858 core:LandBuildings 2022-07-01 2023-06-30 01784858 core:OtherPropertyPlantEquipment 2022-07-01 2023-06-30 01784858 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 01784858 bus:OrdinaryShareClass1 2021-07-01 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 01784858 (England and Wales)

STOCK LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2023
Pages for filing with the registrar

STOCK LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2023

Contents

STOCK LIMITED

COMPANY INFORMATION

For the financial year ended 30 June 2023
STOCK LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2023
DIRECTOR Mr E C Bowcott
SECRETARY Mrs C T Bowcott
REGISTERED OFFICE Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
United Kingdom
COMPANY NUMBER 01784858 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
STOCK LIMITED

BALANCE SHEET

As at 30 June 2023
STOCK LIMITED

BALANCE SHEET (continued)

As at 30 June 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 208,863 216,254
Investments 4 581 581
209,444 216,835
Current assets
Debtors 5 62,887 53,607
Cash at bank and in hand 20,739 42,586
83,626 96,193
Creditors: amounts falling due within one year 6 ( 82,369) ( 48,109)
Net current assets 1,257 48,084
Total assets less current liabilities 210,701 264,919
Net assets 210,701 264,919
Capital and reserves
Called-up share capital 7 50,000 50,000
Profit and loss account 160,701 214,919
Total shareholders' funds 210,701 264,919

For the financial year ending 30 June 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Stock Limited (registered number: 01784858) were approved and authorised for issue by the Director on 13 March 2024. They were signed on its behalf by:

Mr E C Bowcott
Director
STOCK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
STOCK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Stock Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House, Oak View Close, Edginswell Park, Torquay, TQ2 7FF.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Turnover

Turnover is stated net of VAT and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Plant and machinery etc. 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 July 2022 363,410 49,651 413,061
At 30 June 2023 363,410 49,651 413,061
Accumulated depreciation
At 01 July 2022 162,332 34,475 196,807
Charge for the financial year 5,268 2,123 7,391
At 30 June 2023 167,600 36,598 204,198
Net book value
At 30 June 2023 195,810 13,053 208,863
At 30 June 2022 201,078 15,176 216,254

4. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 July 2022 581 581
At 30 June 2023 581 581
Carrying value at 30 June 2023 581 581
Carrying value at 30 June 2022 581 581

5. Debtors

2023 2022
£ £
Trade debtors 1,684 1,234
Other debtors 61,203 52,373
62,887 53,607

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 4,560 0
Corporation tax 9 9
Other taxation and social security 1,700 1,994
Other creditors 76,100 46,106
82,369 48,109

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
50,000 Ordinary shares of £ 1.00 each 50,000 50,000