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REGISTERED NUMBER: 02672613 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

SHOWSTOCK LIMITED

SHOWSTOCK LIMITED (REGISTERED NUMBER: 02672613)

Contents of the Financial Statements
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SHOWSTOCK LIMITED

Company Information
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: R M Fairgrieve
I Fairgrieve





SECRETARY: R M Fairgrieve





REGISTERED OFFICE: 47 Haddington Road
Whitley Bay
Tyne and Wear
NE25 9XE





REGISTERED NUMBER: 02672613 (England and Wales)





ACCOUNTANTS: Diverset Limited
Chartered Accountants
Ferrari House
258 Field End Road
Ruislip
Middlesex
HA4 9UU

SHOWSTOCK LIMITED (REGISTERED NUMBER: 02672613)

Balance Sheet
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 6,072 6,072

CURRENT ASSETS
Debtors 5 86,448 169,245
Cash at bank 109 24,525
86,557 193,770
CREDITORS
Amounts falling due within one year 6 5,620 110,576
NET CURRENT ASSETS 80,937 83,194
TOTAL ASSETS LESS CURRENT LIABILITIES 87,009 89,266

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 86,009 88,266
SHAREHOLDERS' FUNDS 87,009 89,266

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 19 September 2024 and were signed on its behalf by:



R M Fairgrieve - Director


SHOWSTOCK LIMITED (REGISTERED NUMBER: 02672613)

Notes to the Financial Statements
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Showstock 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 directors have concluded that the company is and remains a going concern based on the directors continued support.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

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.

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 2 (2023 - 2 ) .

SHOWSTOCK LIMITED (REGISTERED NUMBER: 02672613)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2023
and 29 February 2024 6,072
NET BOOK VALUE
At 29 February 2024 6,072
At 28 February 2023 6,072

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 17,282
Other debtors 86,448 151,963
86,448 169,245

Included in other debtors, is NIL (2023: £20,015) secured on a property which was was sold in February 2020 year end accounts.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 925
Taxation and social security 3,940 2,294
Other creditors 1,680 107,357
5,620 110,576

7. RELATED PARTY DISCLOSURES

The director, I Fairgrieve owed the company £52,000 at the year end, which is included in other debtors, interest was charged at the official rate. This was repaid shortly after the year end.

He was owed £100,000 at the previously year end, which is included in other creditors, no interest was charged.

Included in other debtors is NIL (2023: £71,830) in respect of a loan from the company to Gelderd Holdings Ltd which I Fairgrieve the is a shareholder of, interest has been charged at a commercial rate.