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REGISTERED NUMBER: 07450620 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 March 2024

for

STIMPSON WALTON BOND LTD

STIMPSON WALTON BOND LTD (REGISTERED NUMBER: 07450620)






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


STIMPSON WALTON BOND LTD

Company Information
for the year ended 31 MARCH 2024







DIRECTOR: A Ringrose





REGISTERED OFFICE: 59 York Road
Northampton
Northamptonshire
NN1 5QL





REGISTERED NUMBER: 07450620 (England and Wales)





ACCOUNTANTS: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

STIMPSON WALTON BOND LTD (REGISTERED NUMBER: 07450620)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,934 49,564

CURRENT ASSETS
Debtors 5 153,421 132,807
Cash at bank and in hand 110,850 209,500
264,271 342,307
CREDITORS
Amounts falling due within one year 6 113,095 127,450
NET CURRENT ASSETS 151,176 214,857
TOTAL ASSETS LESS CURRENT LIABILITIES 207,110 264,421

CREDITORS
Amounts falling due after more than one
year

7

27,466

26,842
NET ASSETS 179,644 237,579

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 179,544 237,479
SHAREHOLDERS' FUNDS 179,644 237,579

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 director acknowledges his 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.

STIMPSON WALTON BOND LTD (REGISTERED NUMBER: 07450620)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





A Ringrose - Director


STIMPSON WALTON BOND LTD (REGISTERED NUMBER: 07450620)

Notes to the Financial Statements
for the year ended 31 MARCH 2024

1. STATUTORY INFORMATION

Stimpson Walton Bond 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Computer Equipment 33% on reducing balance
Fixture & fittings 25% on reducing balance
Motor Vehicles 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

STIMPSON WALTON BOND LTD (REGISTERED NUMBER: 07450620)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 17,266 70,067 21,612 108,945
Additions - 27,897 1,199 29,096
Disposals - (23,509 ) (170 ) (23,679 )
At 31 March 2024 17,266 74,455 22,641 114,362
DEPRECIATION
At 1 April 2023 12,398 28,443 18,540 59,381
Charge for year 1,217 15,608 1,100 17,925
Eliminated on disposal - (18,744 ) (134 ) (18,878 )
At 31 March 2024 13,615 25,307 19,506 58,428
NET BOOK VALUE
At 31 March 2024 3,651 49,148 3,135 55,934
At 31 March 2023 4,868 41,624 3,072 49,564

The net book value of tangible fixed assets includes £ 49,148 (2023 - £ 41,624 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 67,726 80,924
Other debtors 85,695 51,883
153,421 132,807

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 7,537 3,131
Trade creditors 6,680 9,263
Taxation and social security 3,710 24,110
Other creditors 95,168 90,946
113,095 127,450

STIMPSON WALTON BOND LTD (REGISTERED NUMBER: 07450620)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 27,466 26,842

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 35,003 29,973

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
80 Ordinary 'A' £1 80 80
20 Ordinary 'B' £1 20 20
100 100