2023-03-012024-02-292024-02-29false02672157John Stockwell Limited2024-11-22iso4217:GBPxbrli:pure026721572023-03-01026721572024-02-29026721572023-03-012024-02-29026721572022-03-01026721572023-02-28026721572022-03-012023-02-2802672157bus:SmallEntities2023-03-012024-02-2902672157bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2902672157bus:FullAccounts2023-03-012024-02-2902672157bus:PrivateLimitedCompanyLtd2023-03-012024-02-2902672157core:WithinOneYear2024-02-2902672157core:AfterOneYear2024-02-2902672157core:WithinOneYear2023-02-2802672157core:AfterOneYear2023-02-2802672157core:ShareCapital2024-02-2902672157core:SharePremium2024-02-2902672157core:RevaluationReserve2024-02-2902672157core:OtherReservesSubtotal2024-02-2902672157core:RetainedEarningsAccumulatedLosses2024-02-2902672157core:ShareCapital2023-02-2802672157core:SharePremium2023-02-2802672157core:RevaluationReserve2023-02-2802672157core:OtherReservesSubtotal2023-02-2802672157core:RetainedEarningsAccumulatedLosses2023-02-2802672157core:LandBuildings2024-02-2902672157core:PlantMachinery2024-02-2902672157core:Vehicles2024-02-2902672157core:FurnitureFittings2024-02-2902672157core:OfficeEquipment2024-02-2902672157core:NetGoodwill2024-02-2902672157core:IntangibleAssetsOtherThanGoodwill2024-02-2902672157core:ListedExchangeTraded2024-02-2902672157core:UnlistedNon-exchangeTraded2024-02-2902672157core:LandBuildings2023-02-2802672157core:PlantMachinery2023-02-2802672157core:Vehicles2023-02-2802672157core:FurnitureFittings2023-02-2802672157core:OfficeEquipment2023-02-2802672157core:NetGoodwill2023-02-2802672157core:IntangibleAssetsOtherThanGoodwill2023-02-2802672157core:ListedExchangeTraded2023-02-2802672157core:UnlistedNon-exchangeTraded2023-02-2802672157core:LandBuildings2023-03-012024-02-2902672157core:PlantMachinery2023-03-012024-02-2902672157core:Vehicles2023-03-012024-02-2902672157core:FurnitureFittings2023-03-012024-02-2902672157core:OfficeEquipment2023-03-012024-02-2902672157core:NetGoodwill2023-03-012024-02-2902672157core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2902672157core:ListedExchangeTraded2023-03-012024-02-2902672157core:UnlistedNon-exchangeTraded2023-03-012024-02-2902672157core:MoreThanFiveYears2023-03-012024-02-2902672157core:Non-currentFinancialInstruments2024-02-2902672157core:Non-currentFinancialInstruments2023-02-2802672157dpl:CostSales2023-03-012024-02-2902672157dpl:DistributionCosts2023-03-012024-02-2902672157core:LandBuildings2023-03-012024-02-2902672157core:PlantMachinery2023-03-012024-02-2902672157core:Vehicles2023-03-012024-02-2902672157core:FurnitureFittings2023-03-012024-02-2902672157core:OfficeEquipment2023-03-012024-02-2902672157dpl:AdministrativeExpenses2023-03-012024-02-2902672157core:NetGoodwill2023-03-012024-02-2902672157core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2902672157dpl:GroupUndertakings2023-03-012024-02-2902672157dpl:ParticipatingInterests2023-03-012024-02-2902672157dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2902672157core:ListedExchangeTraded2023-03-012024-02-2902672157dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2902672157core:UnlistedNon-exchangeTraded2023-03-012024-02-2902672157dpl:CostSales2022-03-012023-02-2802672157dpl:DistributionCosts2022-03-012023-02-2802672157core:LandBuildings2022-03-012023-02-2802672157core:PlantMachinery2022-03-012023-02-2802672157core:Vehicles2022-03-012023-02-2802672157core:FurnitureFittings2022-03-012023-02-2802672157core:OfficeEquipment2022-03-012023-02-2802672157dpl:AdministrativeExpenses2022-03-012023-02-2802672157core:NetGoodwill2022-03-012023-02-2802672157core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2802672157dpl:GroupUndertakings2022-03-012023-02-2802672157dpl:ParticipatingInterests2022-03-012023-02-2802672157dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2802672157core:ListedExchangeTraded2022-03-012023-02-2802672157dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2802672157core:UnlistedNon-exchangeTraded2022-03-012023-02-2802672157core:NetGoodwill2024-02-2902672157core:IntangibleAssetsOtherThanGoodwill2024-02-2902672157core:LandBuildings2024-02-2902672157core:PlantMachinery2024-02-2902672157core:Vehicles2024-02-2902672157core:FurnitureFittings2024-02-2902672157core:OfficeEquipment2024-02-2902672157core:AfterOneYear2024-02-2902672157core:WithinOneYear2024-02-2902672157core:ListedExchangeTraded2024-02-2902672157core:UnlistedNon-exchangeTraded2024-02-2902672157core:ShareCapital2024-02-2902672157core:SharePremium2024-02-2902672157core:RevaluationReserve2024-02-2902672157core:OtherReservesSubtotal2024-02-2902672157core:RetainedEarningsAccumulatedLosses2024-02-2902672157core:NetGoodwill2023-02-2802672157core:IntangibleAssetsOtherThanGoodwill2023-02-2802672157core:LandBuildings2023-02-2802672157core:PlantMachinery2023-02-2802672157core:Vehicles2023-02-2802672157core:FurnitureFittings2023-02-2802672157core:OfficeEquipment2023-02-2802672157core:AfterOneYear2023-02-2802672157core:WithinOneYear2023-02-2802672157core:ListedExch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John Stockwell Limited

Registered Number
02672157
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

John Stockwell Limited
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

Mr E Monaghan
Mr S Monaghan

Registered Address

10 Western Road
Romford
RM1 3JT

Registered Number

02672157 (England and Wales)
John Stockwell Limited
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets332,82028,063
32,82028,063
Current assets
Stocks4430,129346,463
Debtors234,794230,415
Cash at bank and on hand35,81842,797
700,741619,675
Creditors amounts falling due within one year5(339,164)(284,732)
Net current assets (liabilities)361,577334,943
Total assets less current liabilities394,397363,006
Creditors amounts falling due after one year6(10,930)(21,627)
Provisions for liabilities7(10,940)(5,332)
Net assets372,527336,047
Capital and reserves
Called up share capital22
Profit and loss account372,525336,045
Shareholders' funds372,527336,047
The financial statements were approved and authorised for issue by the Board of Directors on 22 November 2024, and are signed on its behalf by:
Mr S Monaghan
Director
Registered Company No. 02672157
John Stockwell Limited
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings25
Vehicles25
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Government grants or assistance
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2.Average number of employees

20242023
Average number of employees during the year99
3.Tangible fixed assets

Vehicles

Fixtures & fittings

Total

£££
Cost or valuation
At 01 March 2322,00046,07368,073
Additions-15,69615,696
At 29 February 2422,00061,76983,769
Depreciation and impairment
At 01 March 235,50034,51040,010
Charge for year4,1256,81410,939
At 29 February 249,62541,32450,949
Net book value
At 29 February 2412,37520,44532,820
At 28 February 2316,50011,56328,063
4.Stocks

2024

2023

££
Finished goods430,129346,463
Total430,129346,463
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables235,546208,780
Bank borrowings and overdrafts16,58410,000
Taxation and social security33,48425,998
Other creditors12,174865
Accrued liabilities and deferred income41,37639,089
Total339,164284,732
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Santander UK PLC hold a fixed and floating charge over the company's assets by way of a debenture dated 22 October 2012. The director's have given an equal personal guarantee of £50,000 against the company's bank overdraft facility.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts10,93021,627
Total10,93021,627
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)10,9405,332
Total10,9405,332
8.Related party transactions
At the year end the directors were owed £9,500 (2023 - £nil) by way of their current accounts.