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REGISTERED NUMBER: 01196261 (England and Wales)















CYRIL BASON (STOKESAY) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






CYRIL BASON (STOKESAY) LIMITED (REGISTERED NUMBER: 01196261)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CYRIL BASON (STOKESAY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D W Evans
Mrs W J Evans
Mrs S Demos





SECRETARY: Mrs S Demos





REGISTERED OFFICE: West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ





REGISTERED NUMBER: 01196261 (England and Wales)





ACCOUNTANTS: Davies Edwards & Co
Chartered Certified Accountants
West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ

CYRIL BASON (STOKESAY) LIMITED (REGISTERED NUMBER: 01196261)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,422 59,383

CURRENT ASSETS
Stocks 109,622 115,282
Debtors 5 29,382 54,941
Cash at bank and in hand 42,021 40,981
181,025 211,204
CREDITORS
Amounts falling due within one year 6 64,397 106,609
NET CURRENT ASSETS 116,628 104,595
TOTAL ASSETS LESS CURRENT
LIABILITIES

158,050

163,978

CREDITORS
Amounts falling due after more than one
year

7

(11,641

)

(20,128

)

PROVISIONS FOR LIABILITIES (2,708 ) (6,036 )
NET ASSETS 143,701 137,814

CAPITAL AND RESERVES
Called up share capital 8 8,225 8,225
Retained earnings 9 135,476 129,589
SHAREHOLDERS' FUNDS 143,701 137,814

CYRIL BASON (STOKESAY) LIMITED (REGISTERED NUMBER: 01196261)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





D W Evans - Director


CYRIL BASON (STOKESAY) LIMITED (REGISTERED NUMBER: 01196261)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Cyril Bason (Stokesay) 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - not provided
Improvements to property - 2% on cost
Fixtures, fittings and equipment - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Office and computer equipment - 33% on cost and 10% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

CYRIL BASON (STOKESAY) LIMITED (REGISTERED NUMBER: 01196261)

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

2. ACCOUNTING POLICIES - continued

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.

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 7 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Improvements fittings
Freehold to and
property property equipment
£    £    £   
COST
At 1 April 2023 20,080 22,113 23,066
Disposals - - (7,388 )
At 31 March 2024 20,080 22,113 15,678
DEPRECIATION
At 1 April 2023 - 14,579 14,930
Charge for year - 442 662
Eliminated on disposal - - (5,875 )
At 31 March 2024 - 15,021 9,717
NET BOOK VALUE
At 31 March 2024 20,080 7,092 5,961
At 31 March 2023 20,080 7,534 8,136

CYRIL BASON (STOKESAY) LIMITED (REGISTERED NUMBER: 01196261)

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

4. TANGIBLE FIXED ASSETS - continued

Office
and
Motor computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 65,653 7,432 138,344
Disposals (46,405 ) (3,002 ) (56,795 )
At 31 March 2024 19,248 4,430 81,549
DEPRECIATION
At 1 April 2023 42,450 7,002 78,961
Charge for year 2,707 260 4,071
Eliminated on disposal (34,028 ) (3,002 ) (42,905 )
At 31 March 2024 11,129 4,260 40,127
NET BOOK VALUE
At 31 March 2024 8,119 170 41,422
At 31 March 2023 23,203 430 59,383

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 19,247
DEPRECIATION
At 1 April 2023 8,421
Charge for year 2,707
At 31 March 2024 11,128
NET BOOK VALUE
At 31 March 2024 8,119
At 31 March 2023 10,826

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,731 29,454
Directors' current accounts 2,606 2,990
Tax 15 13
VAT 2,691 3,308
Prepayments and accrued income 3,339 19,176
29,382 54,941

CYRIL BASON (STOKESAY) LIMITED (REGISTERED NUMBER: 01196261)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,090 4,970
Hire purchase contracts 3,402 3,402
Trade creditors 49,830 73,337
Tax 28 -
Social security and other taxes 780 1,900
NEST 99 301
Accruals and deferred income 5,168 22,699
64,397 106,609

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,220 5,095
Bank loans - 2-5 years 1,328 6,538
Hire purchase contracts 5,093 8,495
11,641 20,128

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
8,225 Ordinary £1 8,225 8,225

9. RESERVES
Retained
earnings
£   

At 1 April 2023 129,589
Profit for the year 8,519
Dividends (2,632 )
At 31 March 2024 135,476

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
D W Evans and Mrs W J Evans
Balance outstanding at start of year 2,393 (3,207 )
Amounts advanced 1,913 8,544
Amounts repaid (2,944 ) (2,944 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,362 2,393

CYRIL BASON (STOKESAY) LIMITED (REGISTERED NUMBER: 01196261)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs S Demos
Balance outstanding at start of year 597 1,464
Amounts advanced 1,659 995
Amounts repaid (1,012 ) (1,862 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,244 597

During the year total dividends of £2,632 were paid to the directors.