IRIS Accounts Production v23.4.0.336 04379824 director 1.4.23 31.3.24 31.3.24 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043798242023-03-31043798242024-03-31043798242023-04-012024-03-31043798242022-03-31043798242022-04-012023-03-31043798242023-03-3104379824ns15:EnglandWales2023-04-012024-03-3104379824ns14:PoundSterling2023-04-012024-03-3104379824ns10:Director12023-04-012024-03-3104379824ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104379824ns10:SmallEntities2023-04-012024-03-3104379824ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104379824ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104379824ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104379824ns10:FullAccounts2023-04-012024-03-310437982412023-04-012024-03-3104379824ns10:CompanySecretary12023-04-012024-03-3104379824ns10:RegisteredOffice2023-04-012024-03-3104379824ns5:CurrentFinancialInstruments2024-03-3104379824ns5:CurrentFinancialInstruments2023-03-3104379824ns5:Non-currentFinancialInstruments2024-03-3104379824ns5:Non-currentFinancialInstruments2023-03-3104379824ns5:ShareCapital2024-03-3104379824ns5:ShareCapital2023-03-3104379824ns5:CapitalRedemptionReserve2024-03-3104379824ns5:CapitalRedemptionReserve2023-03-3104379824ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3104379824ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3104379824ns5:RetainedEarningsAccumulatedLosses2024-03-3104379824ns5:RetainedEarningsAccumulatedLosses2023-03-3104379824ns5:NetGoodwill2023-04-012024-03-3104379824ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104379824ns5:LandBuildings2023-04-012024-03-3104379824ns5:PlantMachinery2023-04-012024-03-3104379824ns5:NetGoodwill2023-03-3104379824ns5:NetGoodwill2024-03-3104379824ns5:NetGoodwill2023-03-3104379824ns5:LandBuildings2023-03-3104379824ns5:PlantMachinery2023-03-3104379824ns5:LandBuildings2024-03-3104379824ns5:PlantMachinery2024-03-3104379824ns5:LandBuildings2023-03-3104379824ns5:PlantMachinery2023-03-3104379824ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104379824ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104379824ns5:Secured2024-03-3104379824ns5:Secured2023-03-3104379824ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-31
REGISTERED NUMBER: 04379824 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

STOTEN GILLAM LIMITED

STOTEN GILLAM LIMITED (REGISTERED NUMBER: 04379824)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STOTEN GILLAM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr C J Trevor





SECRETARY: Mr C J Trevor





REGISTERED OFFICE: Alban House
99 High Street South
Dunstable
Bedfordshire
LU6 3SF





REGISTERED NUMBER: 04379824 (England and Wales)

STOTEN GILLAM LIMITED (REGISTERED NUMBER: 04379824)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 205,588 214,535
Investment property 6 220,000 220,000
425,588 434,535

CURRENT ASSETS
Debtors 7 236,904 251,750
Cash at bank and in hand 116,991 101,995
353,895 353,745
CREDITORS
Amounts falling due within one year 8 159,833 177,453
NET CURRENT ASSETS 194,062 176,292
TOTAL ASSETS LESS CURRENT
LIABILITIES

619,650

610,827

CREDITORS
Amounts falling due after more than one
year

9

(101,119

)

(120,963

)

PROVISIONS FOR LIABILITIES (16,568 ) (18,607 )
NET ASSETS 501,963 471,257

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 70 70
Fair value reserve 11 22,800 22,800
Retained earnings 478,993 448,287
SHAREHOLDERS' FUNDS 501,963 471,257

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

STOTEN GILLAM LIMITED (REGISTERED NUMBER: 04379824)

BALANCE SHEET - continued
31 MARCH 2024


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 director and authorised for issue on 10 April 2024 and were signed by:





Mr C J Trevor - Director


STOTEN GILLAM LIMITED (REGISTERED NUMBER: 04379824)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Stoten Gillam 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 as modified by the revaluation of certain assets.

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 is amortised over five years, or on a shorter basis if there is no certainty of ongoing benefit.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 20% on reducing balance and 20% on cost

In the opinion of the Director the land and buildings are expected to have a long useful economic life and the residual value is expected to be high, as the buildings are maintained to a high standard. No depreciation is charged as any such charge required would be immaterial.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


STOTEN GILLAM LIMITED (REGISTERED NUMBER: 04379824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 153,500
AMORTISATION
At 1 April 2023
and 31 March 2024 153,500
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

STOTEN GILLAM LIMITED (REGISTERED NUMBER: 04379824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 165,205 138,870 304,075
Additions - 1,576 1,576
Disposals - (591 ) (591 )
At 31 March 2024 165,205 139,855 305,060
DEPRECIATION
At 1 April 2023 - 89,540 89,540
Charge for year - 10,486 10,486
Eliminated on disposal - (554 ) (554 )
At 31 March 2024 - 99,472 99,472
NET BOOK VALUE
At 31 March 2024 165,205 40,383 205,588
At 31 March 2023 165,205 49,330 214,535

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 220,000
NET BOOK VALUE
At 31 March 2024 220,000
At 31 March 2023 220,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2018 4,000
Valuation in 2021 26,000
Cost 190,000
220,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 190,000 190,000

Investment property was valued on an open market basis on 1 March 2021 by S R Wood & Son .

STOTEN GILLAM LIMITED (REGISTERED NUMBER: 04379824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 123,613 153,012
Amounts recoverable on contract 94,750 82,714
Other debtors 18,541 16,024
236,904 251,750

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,630 19,029
Trade creditors 4,765 3,059
Taxation and social security 91,987 106,334
Other creditors 43,451 49,031
159,833 177,453

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 101,119 120,963

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 50,104 62,348

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 120,749 139,992
less unsecured loans (22,500 ) (32,500 )
98,249 107,492

The bank overdraft and bank loans are secured by a charge on the freehold property, a charge on all assets of the company, and by a personal guarantee given by the director Mr C Trevor.

STOTEN GILLAM LIMITED (REGISTERED NUMBER: 04379824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 22,800