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REGISTERED NUMBER: 06460779 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

STOMOR LTD

STOMOR LTD (REGISTERED NUMBER: 06460779)






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


STOMOR LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Miss N J Morris
Mr T J Wilson





SECRETARY: Mr J P Mortimer





REGISTERED OFFICE: Suite 2, First Floor Portmill House
Portmill Lane
Hitchin
Hertfordshire
SG5 1DJ





REGISTERED NUMBER: 06460779 (England and Wales)





ACCOUNTANTS: Rawlinson Pryde & Partners
Chartered Certified Accountants
Argent House
5 Goldington Road
Bedford
Bedfordshire
MK40 3JY

STOMOR LTD (REGISTERED NUMBER: 06460779)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,458 11,039

CURRENT ASSETS
Stocks 263,385 129,937
Debtors 5 315,288 260,953
Prepayments and accrued income 42,236 51,607
Cash at bank and in hand 142,042 226,582
762,951 669,079
CREDITORS
Amounts falling due within one year 6 154,326 195,951
NET CURRENT ASSETS 608,625 473,128
TOTAL ASSETS LESS CURRENT
LIABILITIES

623,083

484,167

PROVISIONS FOR LIABILITIES 7 (2,778 ) -

ACCRUALS AND DEFERRED INCOME (3,392 ) (2,766 )
NET ASSETS 616,913 481,401

CAPITAL AND RESERVES
Called up share capital 8 100 100
Other reserves (139,900 ) (139,900 )
Retained earnings 756,713 621,201
SHAREHOLDERS' FUNDS 616,913 481,401

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 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.

STOMOR LTD (REGISTERED NUMBER: 06460779)

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 Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





Miss N J Morris - Director


STOMOR LTD (REGISTERED NUMBER: 06460779)

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

1. STATUTORY INFORMATION

Stomor Ltd 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 through the supply of services, excluding discounts and value added tax.

The supply of services is recognised in the accounting period in which the services are rendered when the outcome of a contract for services can be estimated reliably.

Other income relates to interest receivable and is recognised in the period it relates on the straight line basis using the effective interest method.

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 - 25% on cost
Computer equipment - 33% on cost

Work in progress
Work in progress is valued by the directors as the value of recoverable time and disbursements detailed on the company's fee ledgers.

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. An equity instrument is any contract that evidences residual interest in the assets of the company after deduction any liabilities.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.


STOMOR LTD (REGISTERED NUMBER: 06460779)

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.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 6,698 76,857 83,555
Additions 410 7,925 8,335
Disposals (2,733 ) (46,966 ) (49,699 )
At 31 March 2024 4,375 37,816 42,191
DEPRECIATION
At 1 April 2023 5,295 67,221 72,516
Charge for year 502 4,404 4,906
Eliminated on disposal (2,733 ) (46,956 ) (49,689 )
At 31 March 2024 3,064 24,669 27,733
NET BOOK VALUE
At 31 March 2024 1,311 13,147 14,458
At 31 March 2023 1,403 9,636 11,039

STOMOR LTD (REGISTERED NUMBER: 06460779)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 337,854 262,846
Bad debt provision (22,566 ) (9,312 )
Deferred tax asset - 7,419
315,288 260,953

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 11,474 17,569
Tax 66,642 81,497
Social security and other taxes 21,995 15,005
VAT 50,873 41,880
Pension creditor 3,342 40,000
154,326 195,951

7. PROVISIONS FOR LIABILITIES
31.3.24
£   
Deferred tax 2,778

Deferred
tax
£   
Balance at 1 April 2023 (7,419 )
Charge to Income Statement during year 10,197
Balance at 31 March 2024 2,778

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

9. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £74,374 (2023: £109,256) and are in relation to commitments under operating leases.