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REGISTERED NUMBER: 06760051 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Stocks Engineering Limited

Stocks Engineering Limited (Registered number: 06760051)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Stocks Engineering Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr C T Morgan
Mrs D M Morgan





SECRETARY: Mr C T Morgan





REGISTERED OFFICE: The Forge Garage
Woonton
Hereford
Herefordshire
HR3 6QN





REGISTERED NUMBER: 06760051 (England and Wales)





ACCOUNTANTS: A D Accounts Limited
Rural Enterprise Centre
Vincent Carey Road
Rotherwas
Hereford
Herefordshire
HR2 6FE

Stocks Engineering Limited (Registered number: 06760051)

Abridged Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 178,818 199,052
178,818 199,052

CURRENT ASSETS
Stocks 13,800 15,345
Debtors 6,824 2,028
Cash at bank 161,847 2,717,634
182,471 2,735,007
CREDITORS
Amounts falling due within one year (152,361 ) (274,322 )
NET CURRENT ASSETS 30,110 2,460,685
TOTAL ASSETS LESS CURRENT
LIABILITIES

208,928

2,659,737

PROVISIONS FOR LIABILITIES (41,082 ) (28,588 )
NET ASSETS 167,846 2,631,149

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 166,846 2,630,149
SHAREHOLDERS' FUNDS 167,846 2,631,149

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

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

Stocks Engineering Limited (Registered number: 06760051)

Abridged Balance Sheet - continued
31 January 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:





Mr C T Morgan - Director


Stocks Engineering Limited (Registered number: 06760051)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Stocks Engineering 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

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.
Plant and machinery - 10% on reducing balance
Motor vehicles - 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 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.


Stocks Engineering Limited (Registered number: 06760051)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


3. 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.

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.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the asset after deducting all of its liabilities.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 17,000
AMORTISATION
At 1 February 2023
and 31 January 2024 17,000
NET BOOK VALUE

At 31 January 2024 -
At 31 January 2023 -

Stocks Engineering Limited (Registered number: 06760051)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 379,573
Additions 42,165
Disposals (78,383 )
At 31 January 2024 343,355
DEPRECIATION
At 1 February 2023 180,521
Charge for year 29,966
Eliminated on disposal (45,950 )
At 31 January 2024 164,537
NET BOOK VALUE
At 31 January 2024 178,818
At 31 January 2023 199,052