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REGISTERED NUMBER: 06182985 (England and Wales)






Stopdrop Tooling Limited

Financial Statements

for the Year Ended 30 December 2023






Stopdrop Tooling Limited (Registered number: 06182985)

Contents of the Financial Statements
for the year ended 30 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stopdrop Tooling Limited

Company Information
for the year ended 30 December 2023







DIRECTORS: Mr D White
Mrs H White





SECRETARY: Mrs H White





REGISTERED OFFICE: Unit 8 & 9
Bretfield Court Industrial Estate
Bretfield Court
Dewsbury
West Yorkshire
WF12 9BG





REGISTERED NUMBER: 06182985 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

Stopdrop Tooling Limited (Registered number: 06182985)

Balance Sheet
30 December 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,003 10,340
8,003 10,340

CURRENT ASSETS
Stocks 660,477 686,537
Debtors 6 746,681 517,718
Cash at bank 167,940 173,259
1,575,098 1,377,514
CREDITORS
Amounts falling due within one year 7 540,962 465,561
NET CURRENT ASSETS 1,034,136 911,953
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,042,139

922,293

PROVISIONS FOR LIABILITIES 1,665 2,175
NET ASSETS 1,040,474 920,118

Stopdrop Tooling Limited (Registered number: 06182985)

Balance Sheet - continued
30 December 2023

2023 2022
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 8 88 88
Capital redemption reserve 12 12
Retained earnings 1,040,374 920,018
SHAREHOLDERS' FUNDS 1,040,474 920,118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2023 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.

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 18 September 2024 and were signed on its behalf by:





Mr D White - Director


Stopdrop Tooling Limited (Registered number: 06182985)

Notes to the Financial Statements
for the year ended 30 December 2023


1. STATUTORY INFORMATION

Stopdrop Tooling 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.

The functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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, 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 2007, has been fully amortised.

Trademark
Amortisation has been provided for the trademark over 3 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 33% on cost

Fixed assets are initially recorded at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


Stopdrop Tooling Limited (Registered number: 06182985)

Notes to the Financial Statements - continued
for the year ended 30 December 2023


2. ACCOUNTING POLICIES - continued
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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Operating leases
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill Trademark Totals
£ £ £
COST
At 31 December 2022
and 30 December 2023 50,000 37,361 87,361
AMORTISATION
At 31 December 2022
and 30 December 2023 50,000 37,361 87,361
NET BOOK VALUE
At 30 December 2023 - - -
At 30 December 2022 - - -

Stopdrop Tooling Limited (Registered number: 06182985)

Notes to the Financial Statements - continued
for the year ended 30 December 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£ £ £ £ £
COST
At 31 December 2022 2,350 135,054 4,023 23,164 164,591
Additions - 428 1,372 943 2,743
Disposals - (23,675 ) (1,370 ) (11,461 ) (36,506 )
Reclassification/transfer (2,350 ) - 2,350 - -
At 30 December 2023 - 111,807 6,375 12,646 130,828
DEPRECIATION
At 31 December 2022 - 130,938 3,910 19,403 154,251
Charge for year - 1,422 462 1,890 3,774
Eliminated on disposal - (22,369 ) (1,370 ) (11,461 ) (35,200 )
At 30 December 2023 - 109,991 3,002 9,832 122,825
NET BOOK VALUE
At 30 December 2023 - 1,816 3,373 2,814 8,003
At 30 December 2022 2,350 4,116 113 3,761 10,340

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 704,135 492,291
Amounts owed by connected undertakings 12,915 12,915
VAT 25,412 2,343
Prepayments and accrued income 4,219 10,169
746,681 517,718

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 193,319 142,063
Corporation tax 35,504 8,661
Social security and other taxes 18,456 21,228
Other creditors - 1,851
Directors' current accounts 262,648 262,905
Accruals and deferred income 31,035 28,853
540,962 465,561

Stopdrop Tooling Limited (Registered number: 06182985)

Notes to the Financial Statements - continued
for the year ended 30 December 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
88 Ordinary £1 88 88