1 March 2023 false No description of principal activity Taxfiler 2024.6 12456062business:PrivateLimitedCompanyLtd2023-03-012024-02-29 124560622023-02-28 124560622023-03-012024-02-29 12456062business:AuditExempt-NoAccountantsReport2023-03-012024-02-29 12456062business:FilletedAccounts2023-03-012024-02-29 124560622024-02-29 12456062business:Director12023-03-012024-02-29 12456062business:Director22023-03-012024-02-29 12456062business:CompanySecretary12023-03-012024-02-29 12456062business:RegisteredOffice2023-03-012024-02-29 124560622023-02-28 12456062core:WithinOneYear2024-02-29 12456062core:WithinOneYear2023-02-28 12456062core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 12456062core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 12456062core:SharePremiumcore:PreviouslyStatedAmount2024-02-29 12456062core:SharePremiumcore:PreviouslyStatedAmount2023-02-28 12456062core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 12456062core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 12456062core:PreviouslyStatedAmount2024-02-29 12456062core:PreviouslyStatedAmount2023-02-28 12456062business:SmallEntities2023-03-012024-02-29 12456062countries:EnglandWales2023-03-012024-02-29 12456062core:LandBuildings2023-03-012024-02-29 12456062core:PlantMachinery2023-03-012024-02-29 12456062core:MotorVehicles2023-03-012024-02-29 12456062core:FurnitureFittings2023-03-012024-02-29 12456062core:ComputerEquipment2023-03-012024-02-29 12456062core:LandBuildings2023-02-28 12456062core:PlantMachinery2023-02-28 12456062core:FurnitureFittings2023-02-28 12456062core:ComputerEquipment2023-02-28 12456062core:LandBuildings2024-02-29 12456062core:PlantMachinery2024-02-29 12456062core:FurnitureFittings2024-02-29 12456062core:ComputerEquipment2024-02-29 12456062business:OrdinaryShareClass12023-03-012024-02-29 12456062business:OrdinaryShareClass12022-03-012023-02-28 124560622022-03-012023-02-28 iso4217:GBP xbrli:shares xbrli:pure
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
Page
- 2 -
Stanleys Chelsea Ltd Company Information for the year ended 29 February 2024
Directors
Richard Hugh Edward Stanley The Honourable Peter Hugh Charles Stanley
Secretary
Thomas 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
- 3 -
Stanleys Chelsea Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
187,660 
185,395 
Current assets
Inventories
38,935 
38,935 
Debtors
62,064 
64,003 
Cash at bank and in hand
574,067 
726,494 
675,066 
829,432 
Creditors: amounts falling due within one year
(111,515)
(200,880)
Net current assets
563,551 
628,552 
Net assets
751,211 
813,947 
Capital and reserves
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
- 4 -
Stanleys Chelsea Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
- 5 -
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 
Depreciation
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 
Net book value
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 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
10,120 
30,356 
Other debtors
51,944 
33,647 
62,064 
64,003 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
20,550 
123,912 
Trade creditors
54,373 
30,722 
Taxes and social security
5,115 
43,541 
Other creditors
15,665 
2,205 
Accruals
15,812 
500 
111,515 
200,880 
7
Share capital
2024 
2023 
£ 
£ 
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 
- 6 -
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).
- 7 -