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REGISTERED NUMBER: 03050000 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

STOCKTAKE UK LTD

STOCKTAKE UK LTD (REGISTERED NUMBER: 03050000)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STOCKTAKE UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: S C Grantham
M J Smith
A I Consterdine





SECRETARY: Mrs L A Grantham





REGISTERED OFFICE: Gillow House
Broughton Hall
Skipton
North Yorkshire
BD23 3AN





REGISTERED NUMBER: 03050000 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

STOCKTAKE UK LTD (REGISTERED NUMBER: 03050000)

BALANCE SHEET
31ST MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,967 18,512

CURRENT ASSETS
Stocks 715 682
Debtors 5 110,169 78,003
Investments 6 172,154 150,446
Cash at bank 813,369 723,807
1,096,407 952,938
CREDITORS
Amounts falling due within one year 7 191,307 148,811
NET CURRENT ASSETS 905,100 804,127
TOTAL ASSETS LESS CURRENT
LIABILITIES

913,067

822,639

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 912,957 822,529
913,067 822,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 17th October 2024 and were signed on its behalf by:



S C Grantham - Director


STOCKTAKE UK LTD (REGISTERED NUMBER: 03050000)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024


1. STATUTORY INFORMATION

Stocktake UK 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% to 33.33% on cost

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

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.

Investments
Current asset investments are included at their fair value. Profits or losses arising from the disposal of current asset investments are treated as part of the result from ordinary activities.

STOCKTAKE UK LTD (REGISTERED NUMBER: 03050000)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st June 2023 50,068 21,730 11,918 83,716
Additions - - 1,721 1,721
Disposals (788 ) (21,730 ) - (22,518 )
At 31st May 2024 49,280 - 13,639 62,919
DEPRECIATION
At 1st June 2023 46,043 12,803 6,358 65,204
Charge for year 569 1,488 2,538 4,595
Eliminated on disposal (556 ) (14,291 ) - (14,847 )
At 31st May 2024 46,056 - 8,896 54,952
NET BOOK VALUE
At 31st May 2024 3,224 - 4,743 7,967
At 31st May 2023 4,025 8,927 5,560 18,512

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 102,005 71,412
Other debtors 8,164 6,591
110,169 78,003

6. CURRENT ASSET INVESTMENTS
31.5.24 31.5.23
£    £   
Unlisted investments 172,154 150,446

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 77,931 77,872
Taxation and social security 91,858 53,217
Other creditors 21,518 17,722
191,307 148,811