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REGISTERED NUMBER: 08596879 (England and Wales)






















Financial Statements

for the Period

26 February 2023 to 2 March 2024

for

Stoffell's Sauces Limited

Stoffell's Sauces Limited (Registered number: 08596879)






Contents of the Financial Statements
for the Period 26 February 2023 to 2 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Stoffell's Sauces Limited

Company Information
for the Period 26 February 2023 to 2 March 2024







DIRECTORS: A E Hammond
J W Hammond





SECRETARY: P A Thompson





REGISTERED OFFICE: New Farm
Mansfield Road
Redhill
Nottingham
Nottinghamshire
NG5 8PB





REGISTERED NUMBER: 08596879 (England and Wales)





AUDITORS: Wright Vigar Limited
Statutory Auditors
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Stoffell's Sauces Limited (Registered number: 08596879)

Balance Sheet
2 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 294 231
Cash at bank - 16
294 247
CREDITORS
Amounts falling due within one year 6 1,275 1,523
NET CURRENT LIABILITIES (981 ) (1,276 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(981

)

(1,276

)

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings (1,981 ) (2,276 )
SHAREHOLDERS' FUNDS (981 ) (1,276 )

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 17 September 2024 and were signed on its behalf by:





A E Hammond - Director


Stoffell's Sauces Limited (Registered number: 08596879)

Notes to the Financial Statements
for the Period 26 February 2023 to 2 March 2024

1. STATUTORY INFORMATION

Stoffell's Sauces 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.

The accounts have been prepared on the going concern basis due to the ongoing support from the parent company Grovetree Limited.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents licence fee income, excluding value added tax.

Intangible assets
Expenditure on sauce recipes and trade marks is capitalised and amortised on a straight line basis over the expected useful lives of the related assets, which is deemed to be 10 years.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 26 February 2023
and 2 March 2024 1,170
AMORTISATION
At 26 February 2023
and 2 March 2024 1,170
NET BOOK VALUE
At 2 March 2024 -
At 25 February 2023 -

Stoffell's Sauces Limited (Registered number: 08596879)

Notes to the Financial Statements - continued
for the Period 26 February 2023 to 2 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 294 231

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 1,275 1,219
Other creditors - 304
1,275 1,523

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matthew Chadwick BA (Hons) FCA (Senior Statutory Auditor)
for and on behalf of Wright Vigar Limited

9. ULTIMATE CONTROLLING PARTY

The directors consider that the Ultimate controlling party of this company is its parent company Grovetree Limited.

Grovetree Limited is the company's controlling related party by virtue of its ownership of the entire issued share capital of Stoffell's Sauces Limited. The ultimate controlling related parties of the company are the directors JW Hammond and AE Hammond by virtue of their respective shareholdings in Grovetree Limited.