Company Registration No. 12456062 (England and Wales)
Stanleys Chelsea Ltd
Unaudited accounts
for the year ended 29 February 2024
Stanleys Chelsea Ltd
Unaudited accounts
Contents
Stanleys Chelsea Ltd
Company Information
for the year ended 29 February 2024
Directors
Richard Hugh Edward Stanley
The Honourable Peter Hugh Charles Stanley
Company Number
12456062 (England and Wales)
Registered Office
C/O Williams Stanley And Co
85 Great Portland St, First Floor
London
W1W 7LT
Accountants
Williams Stanley and Co
Stanleys Chelsea Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
187,660
185,395
Cash at bank and in hand
574,067
726,494
Creditors: amounts falling due within one year
(111,515)
(200,880)
Net current assets
563,551
628,552
Net assets
751,211
813,947
Called up share capital
2,040
1,940
Share premium
260,000
260,000
Profit and loss account
489,171
552,007
Shareholders' funds
751,211
813,947
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by
Richard Hugh Edward Stanley
Director
Company Registration No. 12456062
Stanleys Chelsea Ltd
Notes to the Accounts
for the year ended 29 February 2024
Stanleys Chelsea Ltd is a private company, limited by shares, registered in England and Wales, registration number 12456062. The registered office is C/O Williams Stanley And Co , 85 Great Portland St, First Floor, London, W1W 7LT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
6.67% on cost
Plant & machinery
20% on cost
Motor vehicles
12.5% on cost
Fixtures & fittings
20% on cost
Computer equipment
33% on cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Stanleys Chelsea Ltd
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At valuation
At cost
At 1 March 2023
140,854
15,620
46,160
11,632
214,266
Additions
-
-
25,088
1,618
26,706
Revaluations
-
(202)
228
-
26
Disposals
-
-
-
(9,535)
(9,535)
At 29 February 2024
140,854
15,418
71,476
3,715
231,463
At 1 March 2023
16,751
832
7,871
3,417
28,871
Charge for the year
9,995
3,084
6,924
2,382
22,385
Surplus on revaluation
-
824
(3,575)
-
(2,751)
On disposals
-
-
-
(4,702)
(4,702)
At 29 February 2024
26,746
4,740
11,220
1,097
43,803
At 29 February 2024
114,108
10,678
60,256
2,618
187,660
At 28 February 2023
124,103
14,788
38,289
8,215
185,395
Amounts falling due within one year
Accrued income and prepayments
10,120
30,356
Other debtors
51,944
33,647
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
54,373
30,722
Taxes and social security
5,115
43,541
Other creditors
15,665
2,205
Allotted, called up and fully paid:
2,040 Ordinary shares of £1 each
2,040
1,940
Shares issued during the period:
100 Ordinary shares of £1 each
100
Stanleys Chelsea Ltd
Notes to the Accounts
for the year ended 29 February 2024
8
Average number of employees
During the year the average number of employees was 28 (2023: 44).